FELC vs QQQ: Holdings Overlap
FELCFidelity Enhanced Large Cap Core ETF
Fidelity · 210 holdings · $8.4B · as of 2026-03-31
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
How similar are FELC and QQQ?
Fidelity Enhanced Large Cap Core ETF (FELC, by Fidelity) holds 210 positions; Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101. They have 43 holdings in common, and by portfolio weight the two funds are 49.7% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 49.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 43FELC holds 210 · QQQ holds 101
- Weight in Shared Holdings
- FELC 51%·QQQ 78%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 FELC
167 of 210 positions (48.1% of the fund) are not held by QQQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | FELC | QQQ |
|---|---|---|
| Information Technology | 33.6% | 49.7% |
| Communication Services | 11.9% | 16.0% |
| Financials | 13.1% | 0.2% |
| Consumer Discretionary | 9.7% | 12.6% |
| Industrials | 9.7% | 4.2% |
| Other Sectors | 20.8% | 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 |
|---|---|---|---|---|---|---|---|
| FELC | +4.4% | +15.7% | +26.2% | — | — | — | 0.81% |
| 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 FELC vs QQQ →
Shared Holdings(43)
The top 10 shared positions account for 75% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 7.96% | 8.68% | 7.96% |
|---|---|---|---|
 AAPLApple Inc. COM | 7.14% | 7.63% | 7.14% |
 MSFTMicrosoft Corp. COM | 4.70% | 5.63% | 4.70% |
 AMZNAmazon.com, Inc. COM | 3.97% | 4.58% | 3.97% |
 GOOGLAlphabet Inc. CAP STK CL A | 3.10% | 3.43% | 3.10% |
 AVGOBroadcom Inc COM | 3.09% | 3.01% | 3.01% |
 METAMeta Platforms, Inc., Class A | 2.58% | 3.46% | 2.58% |
 GOOGAlphabet Inc. CAP STK CL C | 2.31% | 3.20% | 2.31% |
 TSLATesla Inc COM | 1.52% | 3.80% | 1.52% |
 MUMicron Technology Inc. COM | 1.07% | 2.15% | 1.07% |
 GILDGilead Sciences Inc. COM | 0.83% | 0.98% | 0.83% |
 CSCOCisco Systems, Inc. COM | 0.82% | 1.73% | 0.82% |
 QCOMQUALCOMM Inc. COM | 0.74% | 0.78% | 0.74% |
 HONHoneywell International Inc. COM | 0.72% | 0.81% | 0.72% |
 PEPPepsico Inc COM | 0.62% | 1.20% | 0.62% |
 ADIAnalog Devices Inc. COM | 0.62% | 0.88% | 0.62% |
 LINLinde PLC COM EUR0.001 | 0.62% | 1.30% | 0.62% |
 NFLXNetflix, Inc. COM | 0.57% | 2.30% | 0.57% |
 TMUST-Mobile US Inc COM | 0.57% | 1.31% | 0.57% |
 ADBEAdobe Inc COM | 0.66% | 0.56% | 0.56% |
 WMTWalmart Inc COM | 0.54% | 3.43% | 0.54% |
 CMCSAComcast Corporation CL A | 0.46% | 0.58% | 0.46% |
 AMATApplied Materials Inc. COM | 0.40% | 1.53% | 0.40% |
 ROSTRoss Stores Inc COM | 0.57% | 0.40% | 0.40% |
 REGNRegeneron Pharmaceuticals, Inc. COM | 0.38% | 0.45% | 0.38% |
Frequently Asked Questions
How much do FELC and QQQ overlap?
FELC and QQQ overlap by 49.7% of portfolio weight. They share 43 holdings (FELC holds 210 positions and QQQ holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FELC and QQQ?
The two portfolios are 49.7% 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 FELC and QQQ?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and GOOGL. Together the top 10 shared positions account for 75% of the total overlap.
What does FELC own that QQQ doesn't?
167 positions (48.1% of FELC) are unique to FELC, led by BRK-B, JPM and LLY. In the other direction, 58 positions (21.9% of QQQ) are unique to QQQ.