FDL vs QQQ: Holdings Overlap
FDLFirst Trust Morningstar Dividend Leaders Index Fund
First Trust · 86 holdings · $7.8B · as of 2026-03-31
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
How similar are FDL and QQQ?
First Trust Morningstar Dividend Leaders Index Fund (FDL, by First Trust) holds 86 positions; Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101. They have 5 holdings in common, and by portfolio weight the two funds are 2.6% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 5FDL holds 86 · QQQ holds 101
- Weight in Shared Holdings
- FDL 11%·QQQ 3%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 FDL
81 of 86 positions (89.1% of the fund) are not held by QQQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | FDL | QQQ |
|---|---|---|
| Information Technology | 1.0% | 49.7% |
| Energy | 28.9% | 0.7% |
| Health Care | 17.2% | 5.1% |
| Communication Services | 11.0% | 16.0% |
| Consumer Staples | 14.1% | 8.5% |
| Other Sectors | 27.7% | 19.9% |
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 |
|---|---|---|---|---|---|---|---|
| FDL | +3.6% | +19.1% | +27.6% | +18.9% | +14.1% | +11.1% | 3.56% |
| 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 FDL vs QQQ →
Shared Holdings(5)
The top 5 shared positions account for 100% of the overlap, led by PEP, CMCSA and AEP.
Frequently Asked Questions
How much do FDL and QQQ overlap?
FDL and QQQ overlap by 2.6% of portfolio weight. They share 5 holdings (FDL holds 86 positions and QQQ holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FDL and QQQ?
The two portfolios are 2.6% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of FDL and QQQ?
The largest positions held by both funds are PEP, CMCSA, AEP, EXC and KHC. Together the top 5 shared positions account for 100% of the total overlap.
What does FDL own that QQQ doesn't?
81 positions (89.1% of FDL) are unique to FDL, led by XOM, CVX and VZ. In the other direction, 96 positions (97.3% of QQQ) are unique to QQQ.