FNDB vs QQQ: Holdings Overlap
FNDBSchwab Fundamental U.S. Broad Market ETF
Schwab · 1639 holdings · $1.5B · 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 (FNDB: 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 FNDB and QQQ?
Schwab Fundamental U.S. Broad Market ETF (FNDB, by Schwab) holds 1639 positions; Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101. They have 87 holdings in common, and by portfolio weight the two funds are 29.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 29.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 87FNDB holds 1639 · QQQ holds 101
- Weight in Shared Holdings
- FNDB 30%·QQQ 96%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 FNDB
1552 of 1639 positions (69.5% of the fund) are not held by QQQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDB | QQQ |
|---|---|---|
| Information Technology | 21.0% | 49.7% |
| Communication Services | 9.5% | 16.0% |
| Financials | 13.9% | 0.2% |
| Consumer Discretionary | 9.0% | 12.6% |
| Health Care | 11.4% | 5.1% |
| Other Sectors | 34.9% | 16.3% |
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 |
|---|---|---|---|---|---|---|---|
| FNDB | +3.0% | +19.8% | +33.0% | +19.6% | +13.6% | +14.1% | 1.41% |
| 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 FNDB vs QQQ →
Shared Holdings(87)
The top 10 shared positions account for 61% of the overlap, led by AAPL, GOOGL and MSFT.
 AAPLApple Inc. | 4.29% | 7.63% | 4.29% |
|---|---|---|---|
 GOOGLAlphabet Inc., Class A | 2.20% | 3.43% | 2.20% |
 MSFTMicrosoft Corp. | 2.16% | 5.63% | 2.16% |
 GOOGAlphabet Inc., Class C | 1.75% | 3.20% | 1.75% |
 AMZNAmazon.com, Inc. | 1.72% | 4.58% | 1.72% |
 MUMicron Technology, Inc. | 1.48% | 2.15% | 1.48% |
 INTCIntel Corp. | 2.38% | 1.25% | 1.25% |
 METAMeta Platforms, Inc., Class A | 1.15% | 3.46% | 1.15% |
 WMTWalmart Inc. | 0.94% | 3.43% | 0.94% |
 CSCOCisco Systems, Inc. | 0.84% | 1.73% | 0.84% |
 AVGOBroadcom Inc. | 0.60% | 3.01% | 0.60% |
 CMCSAComcast Corp., Class A | 0.53% | 0.58% | 0.53% |
 NVDANVIDIA Corp. | 0.51% | 8.68% | 0.51% |
 COSTCostco Wholesale Corp. | 0.49% | 2.50% | 0.49% |
 QCOMQUALCOMM Inc. | 0.49% | 0.78% | 0.49% |
 AMATApplied Materials, Inc. | 0.43% | 1.53% | 0.43% |
 TXNTexas Instruments Inc. | 0.40% | 1.00% | 0.40% |
 PEPPepsiCo, Inc. | 0.38% | 1.20% | 0.38% |
 LRCXLam Research Corp. | 0.38% | 1.51% | 0.38% |
 AMDAdvanced Micro Devices, Inc. | 0.36% | 1.88% | 0.36% |
 AMGNAmgen Inc. | 0.33% | 1.07% | 0.33% |
 TSLATesla, Inc. | 0.31% | 3.80% | 0.31% |
 WBDWarner Bros. Discovery, Inc. | 0.30% | 0.39% | 0.30% |
 GILDGilead Sciences, Inc. | 0.30% | 0.98% | 0.30% |
 LINLinde PLC | 0.27% | 1.30% | 0.27% |
Frequently Asked Questions
How much do FNDB and QQQ overlap?
FNDB and QQQ overlap by 29.2% of portfolio weight. They share 87 holdings (FNDB holds 1639 positions and QQQ holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDB and QQQ?
The two portfolios are 29.2% 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 FNDB and QQQ?
The largest positions held by both funds are AAPL, GOOGL, MSFT, GOOG and AMZN. Together the top 10 shared positions account for 61% of the total overlap.
What does FNDB own that QQQ doesn't?
1552 positions (69.5% of FNDB) are unique to FNDB, led by XOM, CVX and BRK-B. In the other direction, 14 positions (4.3% of QQQ) are unique to QQQ.