ACWV vs QQQ: Holdings Overlap
ACWViShares MSCI Global Min Vol Factor ETF
iShares · 412 holdings · $3.4B · as of 2026-05-31
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
Holdings snapshots are 61 days apart (ACWV: 2026-05-31, QQQ: 2026-03-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are ACWV and QQQ?
iShares MSCI Global Min Vol Factor ETF (ACWV, by iShares) holds 412 positions; Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101. They have 33 holdings in common, and by portfolio weight the two funds are 12.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 12.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 33ACWV holds 412 · QQQ holds 101
- Weight in Shared Holdings
- ACWV 14%·QQQ 49%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in ACWV
379 of 412 positions (85.1% of the fund) are not held by QQQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | ACWV | QQQ |
|---|---|---|
| Information Technology | 24.2% | 49.7% |
| Communication Services | 11.5% | 16.0% |
| Financials | 12.9% | 0.2% |
| Consumer Discretionary | 4.4% | 12.6% |
| Health Care | 12.5% | 5.1% |
| Other Sectors | 28.7% | 16.3% |
| Unclassified | 5.1% | 0.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (5% of ACWV, 0% of QQQ).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| ACWV | +3.3% | +7.6% | +9.5% | +11.3% | +6.1% | +7.4% | 1.87% |
| QQQ | +1.9% | +18.0% | +27.6% | +25.2% | +15.2% | +20.8% | 0.42% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in ACWV vs QQQ →
Shared Holdings(33)
The top 10 shared positions account for 61% of the overlap, led by CSCO, MSFT and PEP.
 CSCOCisco Systems, Inc. COM | 2.13% | 1.73% | 1.73% |
|---|---|---|---|
 MSFTMicrosoft Corp. COM | 1.13% | 5.63% | 1.13% |
 PEPPepsico Inc COM | 0.89% | 1.20% | 0.89% |
 TMUST-Mobile US Inc COM | 0.78% | 1.31% | 0.78% |
 WMTWalmart Inc COM | 0.61% | 3.43% | 0.61% |
 GILDGilead Sciences Inc. COM | 0.54% | 0.98% | 0.54% |
 VRTXVertex Pharmaceuticals Incorporated COM | 0.49% | 0.64% | 0.49% |
 COSTCostco Wholesale Corporation COM | 0.44% | 2.50% | 0.44% |
 ORLYO'Reilly Automotive Inc. COM | 0.62% | 0.44% | 0.44% |
 MDLZMondelez International, Inc., Class A | 0.59% | 0.42% | 0.42% |
 NVDANVIDIA Corp. COM | 0.41% | 8.68% | 0.41% |
 MNSTMonster Beverage Corp COM | 0.62% | 0.40% | 0.40% |
 PANWPalo Alto Networks Inc COM | 0.35% | 0.74% | 0.35% |
 AMGNAmgen Inc. COM | 0.30% | 1.07% | 0.30% |
 ADBEAdobe Inc COM | 0.29% | 0.56% | 0.29% |
 EAElectronic Arts Inc. COM | 0.52% | 0.29% | 0.29% |
 ADSKAutodesk Inc COM | 0.42% | 0.29% | 0.29% |
 FTNTFortinet Inc COM | 0.28% | 0.34% | 0.28% |
 GOOGAlphabet Inc. CAP STK CL C | 0.27% | 3.20% | 0.27% |
 INTUIntuit Inc COM | 0.21% | 0.68% | 0.21% |
 ROPRoper Technologies Inc COM | 0.74% | 0.21% | 0.21% |
 KDPKeurig Dr Pepper Inc COM | 0.31% | 0.20% | 0.20% |
 CTSHCognizant Technology Solutions Corp., Class A | 0.18% | 0.17% | 0.17% |
 AEPAmerican Electric Power Co, Inc. COM | 0.16% | 0.40% | 0.16% |
 WDAYWorkday, Inc., Class A | 0.23% | 0.16% | 0.16% |
Frequently Asked Questions
How much do ACWV and QQQ overlap?
ACWV and QQQ overlap by 12.2% of portfolio weight. They share 33 holdings (ACWV holds 412 positions and QQQ holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ACWV and QQQ?
The two portfolios are 12.2% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of ACWV and QQQ?
The largest positions held by both funds are CSCO, MSFT, PEP, TMUS and WMT. Together the top 10 shared positions account for 61% of the total overlap.
What does ACWV own that QQQ doesn't?
379 positions (85.1% of ACWV) are unique to ACWV, led by JNJ, TSMWF and DUK. In the other direction, 68 positions (51.0% of QQQ) are unique to QQQ.