CQQQ vs SCHE: Holdings Overlap
CQQQInvesco China Technology ETF
Invesco · 173 holdings · $3.2B · as of 2026-04-30
SCHESchwab Emerging Markets Equity ETF
Schwab · 2180 holdings · $12.7B · as of 2026-05-31
Holdings snapshots are 31 days apart (CQQQ: 2026-04-30, SCHE: 2026-05-31). 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 CQQQ and SCHE?
Invesco China Technology ETF (CQQQ, by Invesco) holds 173 positions; Schwab Emerging Markets Equity ETF (SCHE, by Schwab) holds 2180. They have 169 holdings in common, and by portfolio weight the two funds are 6.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 6.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 169CQQQ holds 173 · SCHE holds 2180
- Weight in Shared Holdings
- CQQQ 100%·SCHE 7%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 CQQQ
4 of 173 positions (0.3% of the fund) are not held by SCHE.
- Shanghai Baosight Software Co., Ltd., B Shares0.25%
- Neusoft Corp., A Shares0.04%
- NanJi E-Commerce Co., Ltd., A Shares0.03%
- Beijing E-Hualu Information Technology Co., Ltd., A Shares0.02%
Only in SCHE
2011 of 2180 positions (93.0% of the fund) are not held by CQQQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | CQQQ | SCHE |
|---|---|---|
| Information Technology | 28.3% | 29.1% |
| Communication Services | 23.3% | 5.9% |
| Consumer Discretionary | 17.1% | 7.0% |
| Financials | 0.0% | 13.4% |
| Materials | 0.0% | 3.7% |
| Other Sectors | 0.0% | 9.7% |
| Unclassified | 31.3% | 30.8% |
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 (31% of CQQQ, 31% of SCHE).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| CQQQ | -1.6% | +2.1% | +13.8% | +8.9% | -4.9% | +4.7% | 2.12% |
| SCHE | +3.4% | +13.1% | +22.4% | +17.1% | +6.7% | +8.0% | 2.57% |
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 CQQQ vs SCHE →
Shared Holdings(169)
The top 10 shared positions account for 77% of the overlap, led by 700, PDD and 3690.
 700Tencent Holdings Ltd. | 8.41% | 3.15% | 3.15% |
|---|---|---|---|
 PDDPDD Holdings Inc., ADR | 8.48% | 0.60% | 0.60% |
 3690Meituan, B Shares | 8.59% | 0.46% | 0.46% |
 9888Baidu, Inc., A Shares | 6.85% | 0.33% | 0.33% |
 1024Kuaishou Technology | 4.28% | 0.15% | 0.15% |
 1347Hua Hong Semiconductor Ltd. | 3.63% | 0.14% | 0.14% |
 688256Cambricon Technologies Corp. Ltd. | 2.59% | 0.08% | 0.08% |
 2382Sunny Optical Technology (Group) Co. Ltd. | 1.91% | 0.07% | 0.07% |
 688041Hygon Information Technology Co., Ltd., A Shares | 2.50% | 0.07% | 0.07% |
 1888Kingboard Laminates Holdings Ltd. | 1.45% | 0.06% | 0.06% |
 20SenseTime Group Inc., B Shares | 2.58% | 0.06% | 0.06% |
 9660Horizon Robotics | 2.98% | 0.06% | 0.06% |
 9626Bilibili Inc., Z Shares | 2.20% | 0.05% | 0.05% |
 002371NAURA Technology Group Co., Ltd., A Shares | 1.39% | 0.04% | 0.04% |
 TMETencent Music Entertainment Group, ADR | 1.58% | 0.04% | 0.04% |
 600183Shengyi Technology Co., Ltd., A Shares | 0.67% | 0.04% | 0.04% |
 9698GDS Holdings Ltd., A Shares | 1.52% | 0.03% | 0.03% |
 300476Victory Giant Technology (HuiZhou) Co., Ltd. | 1.03% | 0.03% | 0.03% |
 603986GigaDevice Semiconductor Inc., A Shares | 0.75% | 0.03% | 0.03% |
 002916Shennan Circuits Co., Ltd., A Shares | 0.75% | 0.03% | 0.03% |
 688012Advanced Micro-Fabrication Equipment Inc., A Shares | 0.85% | 0.03% | 0.03% |
 688008Montage Technology Co., Ltd., A Shares | 0.72% | 0.03% | 0.03% |
 300408Chaozhou Three-Circle (Group) Co., Ltd., A Shares | 0.59% | 0.03% | 0.03% |
 268Kingdee International Software Group Co. Ltd. | 1.10% | 0.03% | 0.03% |
 2577InnoScience (Suzhou) Technology Holding Co., Ltd. | 0.85% | 0.03% | 0.03% |
Frequently Asked Questions
How much do CQQQ and SCHE overlap?
CQQQ and SCHE overlap by 6.6% of portfolio weight. They share 169 holdings (CQQQ holds 173 positions and SCHE holds 2180), based on each fund's latest SEC-reported holdings.
Is it redundant to own both CQQQ and SCHE?
The two portfolios are 6.6% 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 CQQQ and SCHE?
The largest positions held by both funds are 700, PDD, 3690, 9888 and 1024. Together the top 10 shared positions account for 77% of the total overlap.
What does CQQQ own that SCHE doesn't?
4 positions (0.3% of CQQQ) are unique to CQQQ, led by Shanghai Baosight Software Co., Ltd., B Shares, Neusoft Corp., A Shares and NanJi E-Commerce Co., Ltd., A Shares. In the other direction, 2011 positions (93.0% of SCHE) are unique to SCHE.