FHLC vs QQQ: Holdings Overlap
FHLCFidelity MSCI Health Care Index ETF
Fidelity · 337 holdings · $3.3B · 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 (FHLC: 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 FHLC and QQQ?
Fidelity MSCI Health Care Index ETF (FHLC, by Fidelity) holds 337 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 5.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 5.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 10FHLC holds 337 · QQQ holds 101
- Weight in Shared Holdings
- FHLC 14%·QQQ 5%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 FHLC
327 of 337 positions (85.8% of the fund) are not held by QQQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | FHLC | QQQ |
|---|---|---|
| Health Care | 99.6% | 5.1% |
| Information Technology | 0.0% | 49.7% |
| Communication Services | 0.0% | 16.0% |
| Consumer Discretionary | 0.0% | 12.6% |
| Consumer Staples | 0.0% | 8.5% |
| 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 |
|---|---|---|---|---|---|---|---|
| FHLC | +0.7% | +9.3% | +33.0% | +10.0% | +5.3% | +10.1% | 1.26% |
| 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 FHLC vs QQQ →
Shared Holdings(10)
The top 10 shared positions account for 100% of the overlap, led by AMGN, GILD and ISRG.
 AMGNAmgen Inc. | 3.01% | 1.07% | 1.07% |
|---|---|---|---|
 GILDGilead Sciences, Inc. | 2.62% | 0.98% | 0.98% |
 ISRGIntuitive Surgical, Inc. | 2.62% | 0.93% | 0.93% |
 VRTXVertex Pharmaceuticals Inc. | 1.75% | 0.64% | 0.64% |
 REGNRegeneron Pharmaceuticals, Inc. | 1.18% | 0.45% | 0.45% |
 IDXXIDEXX Laboratories, Inc. | 0.72% | 0.25% | 0.25% |
 ALNYAlnylam Pharmaceuticals, Inc. | 0.66% | 0.25% | 0.25% |
 INSMInsmed Inc. | 0.47% | 0.20% | 0.20% |
 GEHCGE HealthCare Technologies Inc. | 0.45% | 0.18% | 0.18% |
 DXCMDexCom, Inc. | 0.38% | 0.14% | 0.14% |
Frequently Asked Questions
How much do FHLC and QQQ overlap?
FHLC and QQQ overlap by 5.1% of portfolio weight. They share 10 holdings (FHLC holds 337 positions and QQQ holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FHLC and QQQ?
The two portfolios are 5.1% 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 FHLC and QQQ?
The largest positions held by both funds are AMGN, GILD, ISRG, VRTX and REGN. Together the top 10 shared positions account for 100% of the total overlap.
What does FHLC own that QQQ doesn't?
327 positions (85.8% of FHLC) are unique to FHLC, led by LLY, JNJ and ABBV. In the other direction, 91 positions (94.8% of QQQ) are unique to QQQ.