CGBL vs QQQ: Holdings Overlap
CGBLCapital Group Core Balanced ETF
Capital Group · 73 holdings · $7.5B · as of 2026-03-31
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
How similar are CGBL and QQQ?
Capital Group Core Balanced ETF (CGBL, by Capital Group) holds 73 positions; Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101. They have 20 holdings in common, and by portfolio weight the two funds are 20.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 20.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 20CGBL holds 73 · QQQ holds 101
- Weight in Shared Holdings
- CGBL 24%·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 CGBL
53 of 73 positions (74.5% of the fund) are not held by QQQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | CGBL | QQQ |
|---|---|---|
| Information Technology | 16.3% | 49.7% |
| Communication Services | 4.5% | 16.0% |
| Consumer Discretionary | 5.8% | 12.6% |
| Industrials | 10.2% | 4.2% |
| Financials | 9.0% | 0.2% |
| Other Sectors | 16.2% | 17.2% |
| Unclassified | 36.1% | 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 (37% of CGBL, 0% of QQQ).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| CGBL | +2.1% | +9.5% | +16.6% | — | — | — | 1.83% |
| 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 CGBL vs QQQ →
Shared Holdings(20)
The top 10 shared positions account for 75% of the overlap, led by AVGO, MSFT and GOOG.
 AVGOBroadcom Inc. | 4.16% | 3.01% | 3.01% |
|---|---|---|---|
 MSFTMicrosoft Corp. | 2.78% | 5.63% | 2.78% |
 GOOGAlphabet Inc., Class C | 2.49% | 3.20% | 2.49% |
 AAPLApple Inc. | 1.45% | 7.63% | 1.45% |
 NVDANVIDIA Corp. | 1.33% | 8.68% | 1.33% |
 METAMeta Platforms, Inc., Class A | 1.21% | 3.46% | 1.21% |
 GILDGilead Sciences, Inc. | 1.08% | 0.98% | 0.98% |
 MUMicron Technology, Inc. | 0.84% | 2.15% | 0.84% |
 INTCIntel Corp. | 0.78% | 1.25% | 0.78% |
 AMZNAmazon.com, Inc. | 0.76% | 4.58% | 0.76% |
 BKNGBooking Holdings Inc. | 1.11% | 0.75% | 0.75% |
 AMGNAmgen Inc. | 0.71% | 1.07% | 0.71% |
 VRTXVertex Pharmaceuticals Inc. | 1.25% | 0.64% | 0.64% |
 CMCSAComcast Corp., Class A | 0.85% | 0.58% | 0.58% |
 SBUXStarbucks Corp. | 0.68% | 0.58% | 0.58% |
 ASMLASML Holding N.V., New York Shares | 0.55% | 0.66% | 0.55% |
 KLACKLA Corp. | 0.49% | 1.09% | 0.49% |
 COSTCostco Wholesale Corp. | 0.42% | 2.50% | 0.42% |
 ALNYAlnylam Pharmaceuticals, Inc. | 0.52% | 0.25% | 0.25% |
 MSTRStrategy Inc., Class A | 0.15% | 0.22% | 0.15% |
Frequently Asked Questions
How much do CGBL and QQQ overlap?
CGBL and QQQ overlap by 20.8% of portfolio weight. They share 20 holdings (CGBL holds 73 positions and QQQ holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both CGBL and QQQ?
The two portfolios are 20.8% 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 CGBL and QQQ?
The largest positions held by both funds are AVGO, MSFT, GOOG, AAPL and NVDA. Together the top 10 shared positions account for 75% of the total overlap.
What does CGBL own that QQQ doesn't?
53 positions (74.5% of CGBL) are unique to CGBL, led by CGCP, CGCB and TSM. In the other direction, 81 positions (51.0% of QQQ) are unique to QQQ.