DFAU vs QQQ: Holdings Overlap
DFAUDimensional US Core Equity Market ETF
Dimensional · 2190 holdings · $12.4B · as of 2026-04-30
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
Holdings snapshots are 30 days apart (DFAU: 2026-04-30, 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 DFAU and QQQ?
Dimensional US Core Equity Market ETF (DFAU, by Dimensional) holds 2190 positions; Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101. They have 92 holdings in common, and by portfolio weight the two funds are 46.5% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 46.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 92DFAU holds 2190 · QQQ holds 101
- Weight in Shared Holdings
- DFAU 47%·QQQ 96%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 DFAU
2098 of 2190 positions (53.3% of the fund) are not held by QQQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFAU | QQQ |
|---|---|---|
| Information Technology | 31.7% | 49.7% |
| Communication Services | 10.4% | 16.0% |
| Financials | 13.0% | 0.2% |
| Consumer Discretionary | 10.5% | 12.6% |
| Industrials | 11.0% | 4.2% |
| Other Sectors | 23.0% | 17.2% |
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.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DFAU | +3.5% | +14.9% | +24.8% | +20.5% | +12.9% | — | 0.88% |
| 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 DFAU vs QQQ →
Shared Holdings(92)
The top 10 shared positions account for 72% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 6.83% | 8.68% | 6.83% |
|---|---|---|---|
 AAPLApple Inc. COM | 5.76% | 7.63% | 5.76% |
 MSFTMicrosoft Corp. COM | 4.62% | 5.63% | 4.62% |
 AMZNAmazon.com, Inc. COM | 3.66% | 4.58% | 3.66% |
 GOOGLAlphabet Inc. CAP STK CL A | 3.06% | 3.43% | 3.06% |
 AVGOBroadcom Inc COM | 2.58% | 3.01% | 2.58% |
 GOOGAlphabet Inc. CAP STK CL C | 2.53% | 3.20% | 2.53% |
 METAMeta Platforms, Inc., Class A | 2.03% | 3.46% | 2.03% |
 TSLATesla Inc COM | 1.52% | 3.80% | 1.52% |
 MUMicron Technology Inc. COM | 0.94% | 2.15% | 0.94% |
 WMTWalmart Inc COM | 0.70% | 3.43% | 0.70% |
 AMDAdvanced Micro Devices Inc. COM | 0.62% | 1.88% | 0.62% |
 COSTCostco Wholesale Corporation COM | 0.53% | 2.50% | 0.53% |
 INTCIntel Corporation COM | 0.51% | 1.25% | 0.51% |
 NFLXNetflix, Inc. COM | 0.50% | 2.30% | 0.50% |
 CSCOCisco Systems, Inc. COM | 0.44% | 1.73% | 0.44% |
 LRCXLam Research Corporation COM NEW | 0.41% | 1.51% | 0.41% |
 AMATApplied Materials Inc. COM | 0.38% | 1.53% | 0.38% |
 TXNTexas Instruments Inc. COM | 0.34% | 1.00% | 0.34% |
 KLACKLA Corp. COM NEW | 0.32% | 1.09% | 0.32% |
 QCOMQUALCOMM Inc. COM | 0.31% | 0.78% | 0.31% |
 LINLinde PLC COM EUR0.001 | 0.31% | 1.30% | 0.31% |
 WDCWestern Digital Corp. COM | 0.30% | 0.52% | 0.30% |
 AMGNAmgen Inc. COM | 0.29% | 1.07% | 0.29% |
 PEPPepsico Inc COM | 0.28% | 1.20% | 0.28% |
Frequently Asked Questions
How much do DFAU and QQQ overlap?
DFAU and QQQ overlap by 46.5% of portfolio weight. They share 92 holdings (DFAU holds 2190 positions and QQQ holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAU and QQQ?
The two portfolios are 46.5% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of DFAU and QQQ?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and GOOGL. Together the top 10 shared positions account for 72% of the total overlap.
What does DFAU own that QQQ doesn't?
2098 positions (53.3% of DFAU) are unique to DFAU, led by JPM, BRK-B and LLY. In the other direction, 9 positions (3.4% of QQQ) are unique to QQQ.