DFLV vs QQQ: Holdings Overlap
DFLVDimensional US Large Cap Value ETF
Dimensional · 331 holdings · $6.8B · 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 (DFLV: 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 DFLV and QQQ?
Dimensional US Large Cap Value ETF (DFLV, by Dimensional) holds 331 positions; Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101. They have 35 holdings in common, and by portfolio weight the two funds are 15.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 15.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 35DFLV holds 331 · QQQ holds 101
- Weight in Shared Holdings
- DFLV 18%·QQQ 28%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 DFLV
296 of 331 positions (81.7% of the fund) are not held by QQQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFLV | QQQ |
|---|---|---|
| Information Technology | 11.2% | 49.7% |
| Financials | 21.6% | 0.2% |
| Communication Services | 4.5% | 16.0% |
| Energy | 15.1% | 0.7% |
| Industrials | 13.9% | 4.2% |
| Other Sectors | 33.6% | 29.1% |
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 |
|---|---|---|---|---|---|---|---|
| DFLV | +4.1% | +22.2% | +35.7% | +18.5% | — | — | 1.34% |
| 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 DFLV vs QQQ →
Shared Holdings(35)
The top 10 shared positions account for 77% of the overlap, led by AMZN, MU and CSCO.
 AMZNAmazon.com, Inc. COM | 3.15% | 4.58% | 3.15% |
|---|---|---|---|
 MUMicron Technology Inc. COM | 2.75% | 2.15% | 2.15% |
 CSCOCisco Systems, Inc. COM | 1.90% | 1.73% | 1.73% |
 LINLinde PLC COM EUR0.001 | 1.26% | 1.30% | 1.26% |
 ADIAnalog Devices Inc. COM | 0.80% | 0.88% | 0.80% |
 INTCIntel Corporation COM | 0.62% | 1.25% | 0.62% |
 CMCSAComcast Corporation CL A | 0.54% | 0.58% | 0.54% |
 TMUST-Mobile US Inc COM | 0.47% | 1.31% | 0.47% |
 CSXCSX Corporation COM | 0.86% | 0.43% | 0.43% |
 MDLZMondelez International, Inc., Class A | 0.55% | 0.42% | 0.42% |
 PCARPaccar Inc COM | 0.60% | 0.34% | 0.34% |
 BKRBaker Hughes Co., Class A | 0.81% | 0.34% | 0.34% |
 FANGDiamondback Energy Inc COM | 0.46% | 0.32% | 0.32% |
 NXPINXP Semiconductors NV EUR0.20 | 0.72% | 0.28% | 0.28% |
 PYPLPaypal Holdings Inc. COM | 0.39% | 0.24% | 0.24% |
 VRTXVertex Pharmaceuticals Incorporated COM | 0.21% | 0.64% | 0.21% |
 AMDAdvanced Micro Devices Inc. COM | 0.21% | 1.88% | 0.21% |
 WBDWarner Bros. Discovery Inc. COM SER A | 0.19% | 0.39% | 0.19% |
 GEHCGE Healthcare Technologies Inc. COMMON STOCK | 0.34% | 0.18% | 0.18% |
 CTSHCognizant Technology Solutions Corp., Class A | 0.34% | 0.17% | 0.17% |
 KDPKeurig Dr Pepper Inc COM | 0.15% | 0.20% | 0.15% |
 REGNRegeneron Pharmaceuticals, Inc. COM | 0.15% | 0.45% | 0.15% |
 ROPRoper Technologies Inc COM | 0.11% | 0.21% | 0.11% |
 CHTRCharter Communications, Inc., Class A | 0.11% | 0.15% | 0.11% |
 MRVLMarvell Technology Inc COM | 0.09% | 0.49% | 0.09% |
Frequently Asked Questions
How much do DFLV and QQQ overlap?
DFLV and QQQ overlap by 15.1% of portfolio weight. They share 35 holdings (DFLV holds 331 positions and QQQ holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFLV and QQQ?
The two portfolios are 15.1% 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 DFLV and QQQ?
The largest positions held by both funds are AMZN, MU, CSCO, LIN and ADI. Together the top 10 shared positions account for 77% of the total overlap.
What does DFLV own that QQQ doesn't?
296 positions (81.7% of DFLV) are unique to DFLV, led by JPM, XOM and JNJ. In the other direction, 66 positions (71.9% of QQQ) are unique to QQQ.