FNDA vs QQQ: Holdings Overlap
FNDASchwab Fundamental U.S. Small Company ETF
Schwab · 930 holdings · $9.4B · as of 2026-05-31
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
Holdings snapshots are 61 days apart (FNDA: 2026-05-31, 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 FNDA and QQQ?
Schwab Fundamental U.S. Small Company ETF (FNDA, by Schwab) holds 930 positions; Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101. They have 11 holdings in common, and by portfolio weight the two funds are 1.3% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 11FNDA holds 930 · QQQ holds 101
- Weight in Shared Holdings
- FNDA 1%·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 FNDA
919 of 930 positions (98.5% of the fund) are not held by QQQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDA | QQQ |
|---|---|---|
| Information Technology | 15.0% | 49.7% |
| Industrials | 20.0% | 4.2% |
| Communication Services | 4.3% | 16.0% |
| Financials | 15.3% | 0.2% |
| Consumer Discretionary | 12.1% | 12.6% |
| Other Sectors | 32.2% | 17.2% |
| Unclassified | 0.8% | 0.0% |
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. “Unclassified” is weight we could not classify (1% of FNDA, 0% of QQQ).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FNDA | +2.5% | +21.8% | +32.0% | +14.5% | +9.0% | +11.0% | 1.09% |
| 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 FNDA vs QQQ →
Shared Holdings(11)
The top 10 shared positions account for 97% of the overlap, led by MPWR, APP and DASH.
 MPWRMonolithic Power Systems, Inc. | 0.22% | 0.30% | 0.22% |
|---|---|---|---|
 APPAppLovin Corp., Class A | 0.19% | 0.69% | 0.19% |
 DASHDoorDash, Inc., Class A | 0.16% | 0.35% | 0.16% |
 DXCMDexCom, Inc. | 0.20% | 0.14% | 0.14% |
 CRWDCrowdStrike Holdings, Inc., Class A | 0.10% | 0.56% | 0.10% |
 CSGPCoStar Group, Inc. | 0.10% | 0.10% | 0.10% |
 ABNBAirbnb, Inc., Class A | 0.09% | 0.30% | 0.09% |
 PLTRPalantir Technologies Inc., Class A | 0.09% | 1.90% | 0.09% |
 DDOGDatadog, Inc., Class A | 0.08% | 0.22% | 0.08% |
 WDAYWorkday, Inc., Class A | 0.08% | 0.16% | 0.08% |
 AXONAxon Enterprise, Inc. | 0.03% | 0.19% | 0.03% |
Frequently Asked Questions
How much do FNDA and QQQ overlap?
FNDA and QQQ overlap by 1.3% of portfolio weight. They share 11 holdings (FNDA holds 930 positions and QQQ holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDA and QQQ?
The two portfolios are 1.3% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of FNDA and QQQ?
The largest positions held by both funds are MPWR, APP, DASH, DXCM and CRWD. Together the top 10 shared positions account for 97% of the total overlap.
What does FNDA own that QQQ doesn't?
919 positions (98.5% of FNDA) are unique to FNDA, led by LITE, VSAT and COHR. In the other direction, 90 positions (95.0% of QQQ) are unique to QQQ.