FVD vs QQQI: Holdings Overlap
FVDFirst Trust Value Line Dividend Index Fund
First Trust · 236 holdings · $8.4B · as of 2026-03-31
QQQINEOS Nasdaq-100(R) High Income ETF
NEOS · 101 holdings · $13.9B · as of 2026-03-31
How similar are FVD and QQQI?
First Trust Value Line Dividend Index Fund (FVD, by First Trust) holds 236 positions; NEOS Nasdaq-100(R) High Income ETF (QQQI, by NEOS) holds 101. They have 22 holdings in common, and by portfolio weight the two funds are 7.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 22FVD holds 236 · QQQI holds 101
- Weight in Shared Holdings
- FVD 9%·QQQI 13%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 FVD
214 of 236 positions (90.4% of the fund) are not held by QQQI. Showing the top 30 by weight.
Sector Breakdown
| Sector | FVD | QQQI |
|---|---|---|
| Information Technology | 4.6% | 49.3% |
| Utilities | 18.9% | 1.5% |
| Financials | 18.5% | 0.2% |
| Communication Services | 2.5% | 15.9% |
| Industrials | 15.1% | 4.1% |
| Other Sectors | 35.5% | 28.0% |
| Unclassified | 4.7% | 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 (5% of FVD, 0% of QQQI).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FVD | +2.8% | +11.6% | +14.7% | +10.6% | +6.9% | +8.8% | 2.20% |
| QQQI | +1.3% | +11.3% | +20.0% | — | — | — | 13.81% |
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 FVD vs QQQI →
Shared Holdings(22)
The top 10 shared positions account for 58% of the overlap, led by LIN, CSX and PEP.
 LINLinde PLC COM EUR0.001 | 0.43% | 1.30% | 0.43% |
|---|---|---|---|
 CSXCSX Corporation COM | 0.44% | 0.43% | 0.43% |
 PEPPepsico Inc COM | 0.43% | 1.20% | 0.43% |
 GILDGilead Sciences Inc. COM | 0.43% | 0.97% | 0.43% |
 HONHoneywell International Inc. COM | 0.42% | 0.81% | 0.42% |
 TMUST-Mobile US Inc COM | 0.42% | 1.31% | 0.42% |
 AMGNAmgen Inc. COM | 0.42% | 1.06% | 0.42% |
 CMCSAComcast Corporation CL A | 0.41% | 0.58% | 0.41% |
 MDLZMondelez International Inc. CL A | 0.42% | 0.41% | 0.41% |
 CSCOCisco Systems, Inc. COM | 0.41% | 1.72% | 0.41% |
 ADPAutomatic Data Processing, Inc. COM | 0.41% | 0.46% | 0.41% |
 AEPAmerican Electric Power Co, Inc. COM | 0.43% | 0.40% | 0.40% |
 PCARPaccar Inc COM | 0.42% | 0.34% | 0.34% |
 FASTFastenal Co. COM | 0.44% | 0.29% | 0.29% |
 EXCExelon Corp. COM | 0.44% | 0.27% | 0.27% |
 XELXcel Energy Inc COM | 0.43% | 0.26% | 0.26% |
 CCEPCoca-Cola Europacific Partners PLC COM EUR0.01 | 0.41% | 0.23% | 0.23% |
| Thomson Reuters Corp COM | 0.41% | 0.22% | 0.22% |
 KDPKeurig Dr Pepper Inc COM | 0.42% | 0.19% | 0.19% |
 PAYXPaychex Inc COM | 0.41% | 0.18% | 0.18% |
 CTSHCognizant Technology Solutions Corp. CL A | 0.41% | 0.16% | 0.16% |
 KHCThe Kraft Heinz Co. COM | 0.44% | 0.14% | 0.14% |
Frequently Asked Questions
How much do FVD and QQQI overlap?
FVD and QQQI overlap by 7.3% of portfolio weight. They share 22 holdings (FVD holds 236 positions and QQQI holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FVD and QQQI?
The two portfolios are 7.3% 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 FVD and QQQI?
The largest positions held by both funds are LIN, CSX, PEP, GILD and HON. Together the top 10 shared positions account for 58% of the total overlap.
What does FVD own that QQQI doesn't?
214 positions (90.4% of FVD) are unique to FVD, led by ETR, RIO and SNY. In the other direction, 79 positions (86.1% of QQQI) are unique to QQQI.