FNDF vs QQQ: Holdings Overlap
FNDFSchwab Fundamental International Equity ETF
Schwab · 888 holdings · $25.2B · 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 (FNDF: 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 FNDF and QQQ?
Schwab Fundamental International Equity ETF (FNDF, by Schwab) holds 888 positions; Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101. They have 4 holdings in common, and by portfolio weight the two funds are 0.2% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 4FNDF holds 888 · QQQ holds 101
- Weight in Shared Holdings
- FNDF 0%·QQQ 1%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 FNDF
884 of 888 positions (99.1% of the fund) are not held by QQQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDF | QQQ |
|---|---|---|
| Information Technology | 12.3% | 49.7% |
| Communication Services | 4.3% | 16.0% |
| Financials | 15.8% | 0.2% |
| Consumer Discretionary | 7.9% | 12.6% |
| Industrials | 11.4% | 4.2% |
| Other Sectors | 34.6% | 17.2% |
| Unclassified | 13.1% | 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 (13% of FNDF, 0% of QQQ).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FNDF | +4.2% | +22.8% | +39.1% | +23.1% | +14.5% | +12.0% | 2.97% |
| 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 FNDF vs QQQ →
Shared Holdings(4)
The top 4 shared positions account for 99% of the overlap, led by NXPI, CCEP and SHOP.
Frequently Asked Questions
How much do FNDF and QQQ overlap?
FNDF and QQQ overlap by 0.2% of portfolio weight. They share 4 holdings (FNDF holds 888 positions and QQQ holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDF and QQQ?
The two portfolios are 0.2% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of FNDF and QQQ?
The largest positions held by both funds are NXPI, CCEP, SHOP and ARM. Together the top 4 shared positions account for 99% of the total overlap.
What does FNDF own that QQQ doesn't?
884 positions (99.1% of FNDF) are unique to FNDF, led by 005930, SHEL and TTE. In the other direction, 97 positions (98.4% of QQQ) are unique to QQQ.