FELG vs QQQ: Holdings Overlap
FELGFidelity Enhanced Large Cap Growth ETF
Fidelity · 100 holdings · $5.8B · as of 2026-03-31
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
How similar are FELG and QQQ?
Fidelity Enhanced Large Cap Growth ETF (FELG, by Fidelity) holds 100 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 53.9% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 53.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 35FELG holds 100 · QQQ holds 101
- Weight in Shared Holdings
- FELG 71%·QQQ 69%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 FELG
65 of 100 positions (28.4% of the fund) are not held by QQQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | FELG | QQQ |
|---|---|---|
| Information Technology | 51.1% | 49.7% |
| Communication Services | 12.6% | 16.0% |
| Consumer Discretionary | 11.4% | 12.6% |
| Industrials | 8.6% | 4.2% |
| Consumer Staples | 1.2% | 8.5% |
| Other Sectors | 14.1% | 8.9% |
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 |
|---|---|---|---|---|---|---|---|
| FELG | +3.4% | +7.3% | +16.4% | — | — | — | 0.34% |
| 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 FELG vs QQQ →
Shared Holdings(35)
The top 10 shared positions account for 83% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 13.29% | 8.68% | 8.68% |
|---|---|---|---|
 AAPLApple Inc. COM | 12.03% | 7.63% | 7.63% |
 MSFTMicrosoft Corp. COM | 8.19% | 5.63% | 5.63% |
 AMZNAmazon.com, Inc. COM | 4.22% | 4.58% | 4.22% |
 TSLATesla Inc COM | 3.83% | 3.80% | 3.80% |
 METAMeta Platforms, Inc., Class A | 3.93% | 3.46% | 3.46% |
 GOOGLAlphabet Inc. CAP STK CL A | 3.61% | 3.43% | 3.43% |
 GOOGAlphabet Inc. CAP STK CL C | 3.22% | 3.20% | 3.20% |
 AVGOBroadcom Inc COM | 5.23% | 3.01% | 3.01% |
 LRCXLam Research Corporation COM NEW | 1.48% | 1.51% | 1.48% |
 COSTCostco Wholesale Corporation COM | 1.05% | 2.50% | 1.05% |
 NFLXNetflix, Inc. COM | 0.95% | 2.30% | 0.95% |
 PLTRPalantir Technologies, Inc., Class A | 0.78% | 1.90% | 0.78% |
 QCOMQUALCOMM Inc. COM | 0.63% | 0.78% | 0.63% |
 GILDGilead Sciences Inc. COM | 0.57% | 0.98% | 0.57% |
 ADBEAdobe Inc COM | 0.87% | 0.56% | 0.56% |
 CRWDCrowdstrike Holdings, Inc., Class A | 0.50% | 0.56% | 0.50% |
 MUMicron Technology Inc. COM | 0.44% | 2.15% | 0.44% |
 KLACKLA Corp. COM NEW | 0.40% | 1.09% | 0.40% |
 LINLinde PLC COM EUR0.001 | 0.40% | 1.30% | 0.40% |
 ROSTRoss Stores Inc COM | 0.58% | 0.40% | 0.40% |
 CTASCintas Corporation COM | 0.35% | 0.38% | 0.35% |
 FTNTFortinet Inc COM | 0.74% | 0.34% | 0.34% |
 AMATApplied Materials Inc. COM | 0.31% | 1.53% | 0.31% |
 ABNBAirbnb, Inc., Class A | 0.72% | 0.30% | 0.30% |
Frequently Asked Questions
How much do FELG and QQQ overlap?
FELG and QQQ overlap by 53.9% of portfolio weight. They share 35 holdings (FELG holds 100 positions and QQQ holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FELG and QQQ?
The two portfolios are 53.9% 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 FELG and QQQ?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and TSLA. Together the top 10 shared positions account for 83% of the total overlap.
What does FELG own that QQQ doesn't?
65 positions (28.4% of FELG) are unique to FELG, led by LLY, MA and ABBV. In the other direction, 66 positions (30.4% of QQQ) are unique to QQQ.