FCOM vs QQQ: Holdings Overlap
FCOMFidelity MSCI Communication Services Index ETF
Fidelity · 89 holdings · $1.7B · 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 (FCOM: 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 FCOM and QQQ?
Fidelity MSCI Communication Services Index ETF (FCOM, by Fidelity) holds 89 positions; Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101. They have 10 holdings in common, and by portfolio weight the two funds are 15.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 15.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 10FCOM holds 89 · QQQ holds 101
- Weight in Shared Holdings
- FCOM 66%·QQQ 15%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 FCOM
79 of 89 positions (34.0% of the fund) are not held by QQQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | FCOM | QQQ |
|---|---|---|
| Communication Services | 99.8% | 16.0% |
| Information Technology | 0.0% | 49.7% |
| Consumer Discretionary | 0.0% | 12.6% |
| Consumer Staples | 0.0% | 8.5% |
| Health Care | 0.0% | 5.1% |
| Other Sectors | 0.0% | 8.0% |
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.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FCOM | -1.3% | -2.9% | +8.4% | +20.2% | +6.1% | +10.5% | 0.99% |
| 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 FCOM vs QQQ →
Shared Holdings(10)
The top 10 shared positions account for 100% of the overlap, led by META, GOOGL and GOOG.
 METAMeta Platforms, Inc., Class A | 20.39% | 3.46% | 3.46% |
|---|---|---|---|
 GOOGLAlphabet Inc., Class A | 16.29% | 3.43% | 3.43% |
 GOOGAlphabet Inc., Class C | 10.74% | 3.20% | 3.20% |
 NFLXNetflix, Inc. | 5.18% | 2.30% | 2.30% |
 TMUST-Mobile US, Inc. | 2.68% | 1.31% | 1.31% |
 CMCSAComcast Corp., Class A | 2.69% | 0.58% | 0.58% |
 WBDWarner Bros. Discovery, Inc. | 2.82% | 0.39% | 0.39% |
 EAElectronic Arts Inc. | 2.09% | 0.29% | 0.29% |
 TTWOTake-Two Interactive Software, Inc. | 2.08% | 0.21% | 0.21% |
 CHTRCharter Communications, Inc., Class A | 0.84% | 0.15% | 0.15% |
Frequently Asked Questions
How much do FCOM and QQQ overlap?
FCOM and QQQ overlap by 15.3% of portfolio weight. They share 10 holdings (FCOM holds 89 positions and QQQ holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FCOM and QQQ?
The two portfolios are 15.3% 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 FCOM and QQQ?
The largest positions held by both funds are META, GOOGL, GOOG, NFLX and TMUS. Together the top 10 shared positions account for 100% of the total overlap.
What does FCOM own that QQQ doesn't?
79 positions (34.0% of FCOM) are unique to FCOM, led by VZ, DIS and T. In the other direction, 91 positions (84.6% of QQQ) are unique to QQQ.