FELG vs QQQM: Holdings Overlap
FELGFidelity Enhanced Large Cap Growth ETF
Fidelity · 100 holdings · $5.8B · as of 2026-03-31
Invesco · 101 holdings · $97.1B · as of 2026-05-31
Holdings snapshots are 61 days apart (FELG: 2026-03-31, QQQM: 2026-05-31). 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 FELG and QQQM?
Fidelity Enhanced Large Cap Growth ETF (FELG, by Fidelity) holds 100 positions; Invesco NASDAQ 100 ETF (QQQM, by Invesco) holds 101. They have 34 holdings in common, and by portfolio weight the two funds are 51.8% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 51.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 34FELG holds 100 · QQQM holds 101
- Weight in Shared Holdings
- FELG 70%·QQQM 70%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
66 of 100 positions (28.9% of the fund) are not held by QQQM. Showing the top 30 by weight.
Sector Breakdown
| Sector | FELG | QQQM |
|---|---|---|
| Information Technology | 51.1% | 57.8% |
| Communication Services | 12.6% | 14.2% |
| Consumer Discretionary | 11.4% | 11.4% |
| Industrials | 8.6% | 3.2% |
| Health Care | 8.1% | 3.7% |
| Other Sectors | 7.2% | 9.3% |
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% |
| QQQM | +1.9% | +18.0% | +27.7% | +25.3% | +15.2% | — | 0.44% |
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 QQQM →
Shared Holdings(34)
The top 10 shared positions account for 83% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 13.29% | 8.13% | 8.13% |
|---|---|---|---|
 AAPLApple Inc. COM | 12.03% | 7.26% | 7.26% |
 MSFTMicrosoft Corp. COM | 8.19% | 5.30% | 5.30% |
 AMZNAmazon.com, Inc. COM | 4.22% | 4.60% | 4.22% |
 GOOGLAlphabet Inc. CAP STK CL A | 3.61% | 3.51% | 3.51% |
 TSLATesla Inc COM | 3.83% | 3.45% | 3.45% |
 AVGOBroadcom Inc COM | 5.23% | 3.36% | 3.36% |
 GOOGAlphabet Inc. CAP STK CL C | 3.22% | 3.24% | 3.22% |
 METAMeta Platforms, Inc., Class A | 3.93% | 2.96% | 2.96% |
 LRCXLam Research Corporation COM NEW | 1.48% | 1.74% | 1.48% |
 COSTCostco Wholesale Corporation COM | 1.05% | 1.86% | 1.05% |
 NFLXNetflix, Inc. COM | 0.95% | 1.59% | 0.95% |
 PLTRPalantir Technologies, Inc., Class A | 0.78% | 1.57% | 0.78% |
 QCOMQUALCOMM Inc. COM | 0.63% | 1.17% | 0.63% |
 GILDGilead Sciences Inc. COM | 0.57% | 0.73% | 0.57% |
 CRWDCrowdstrike Holdings, Inc., Class A | 0.50% | 0.81% | 0.50% |
 ADBEAdobe Inc COM | 0.87% | 0.46% | 0.46% |
 FTNTFortinet Inc COM | 0.74% | 0.45% | 0.45% |
 MUMicron Technology Inc. COM | 0.44% | 4.78% | 0.44% |
 KLACKLA Corp. COM NEW | 0.40% | 1.10% | 0.40% |
 LINLinde PLC COM EUR0.001 | 0.40% | 1.01% | 0.40% |
 ROSTRoss Stores Inc COM | 0.58% | 0.33% | 0.33% |
 AMATApplied Materials Inc. COM | 0.31% | 1.56% | 0.31% |
 CTASCintas Corporation COM | 0.35% | 0.30% | 0.30% |
 ABNBAirbnb, Inc., Class A | 0.72% | 0.25% | 0.25% |
Frequently Asked Questions
How much do FELG and QQQM overlap?
FELG and QQQM overlap by 51.8% of portfolio weight. They share 34 holdings (FELG holds 100 positions and QQQM holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FELG and QQQM?
The two portfolios are 51.8% 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 QQQM?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and GOOGL. Together the top 10 shared positions account for 83% of the total overlap.
What does FELG own that QQQM doesn't?
66 positions (28.9% of FELG) are unique to FELG, led by LLY, MA and ABBV. In the other direction, 67 positions (29.8% of QQQM) are unique to QQQM.