MGK vs QQEW: Holdings Overlap
MGKVanguard Mega Cap Growth Index Fund
Vanguard · 59 holdings · $33.7B · as of 2026-03-31
QQEWFirst Trust Nasdaq-100 Select Equal Weight ETF
First Trust · 51 holdings · $1.8B · as of 2026-03-31
How similar are MGK and QQEW?
Vanguard Mega Cap Growth Index Fund (MGK, by Vanguard) holds 59 positions; First Trust Nasdaq-100 Select Equal Weight ETF (QQEW, by First Trust) holds 51. They have 25 holdings in common, and by portfolio weight the two funds are 24.9% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 24.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 25MGK holds 59 · QQEW holds 51
- Weight in Shared Holdings
- MGK 67%·QQEW 48%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 MGK
34 of 59 positions (33.1% of the fund) are not held by QQEW. Showing the top 30 by weight.
Sector Breakdown
| Sector | MGK | QQEW |
|---|---|---|
| Information Technology | 54.4% | 49.6% |
| Communication Services | 16.7% | 10.0% |
| Health Care | 5.2% | 16.3% |
| Consumer Discretionary | 13.1% | 12.4% |
| Industrials | 3.0% | 7.7% |
| Other Sectors | 7.4% | 3.9% |
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 |
|---|---|---|---|---|---|---|---|
| MGK | +3.8% | +10.2% | +19.4% | +24.7% | +14.0% | +18.8% | 0.32% |
| QQEW | +2.5% | +14.0% | +19.6% | +14.5% | +7.7% | +14.2% | 0.20% |
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 MGK vs QQEW →
Shared Holdings(25)
The top 10 shared positions account for 66% of the overlap, led by AAPL, NVDA and AVGO.
 AAPLApple Inc. COM | 12.60% | 2.09% | 2.09% |
|---|---|---|---|
 NVDANVIDIA Corp. COM | 13.75% | 2.06% | 2.06% |
 AVGOBroadcom Inc COM | 4.40% | 2.03% | 2.03% |
 MSFTMicrosoft Corp. COM | 9.01% | 1.98% | 1.98% |
 METAMeta Platforms, Inc., Class A | 4.17% | 1.97% | 1.97% |
 NFLXNetflix, Inc. COM | 1.76% | 2.14% | 1.76% |
 PLTRPalantir Technologies, Inc., Class A | 1.42% | 1.98% | 1.42% |
 LRCXLam Research Corporation COM NEW | 1.25% | 1.91% | 1.25% |
 GOOGAlphabet Inc. CAP STK CL C | 4.37% | 0.98% | 0.98% |
 KLACKLA Corp. COM NEW | 0.98% | 2.01% | 0.98% |
 GOOGLAlphabet Inc. CAP STK CL A | 5.51% | 0.98% | 0.98% |
 ISRGIntuitive Surgical Inc. COM NEW | 0.83% | 1.97% | 0.83% |
 PANWPalo Alto Networks Inc COM | 0.71% | 2.01% | 0.71% |
 BKNGBooking Holdings Inc COM | 0.71% | 1.99% | 0.71% |
 INTUIntuit Inc COM | 0.66% | 1.94% | 0.66% |
 VRTXVertex Pharmaceuticals Incorporated COM | 0.65% | 2.01% | 0.65% |
 CRWDCrowdstrike Holdings, Inc., Class A | 0.56% | 1.95% | 0.56% |
 APPAppLovin Corp., Class A | 0.55% | 1.84% | 0.55% |
 CDNSCadence Design Systems, Inc. COM | 0.50% | 2.00% | 0.50% |
 SNPSSynopsys Inc COM | 0.49% | 1.93% | 0.49% |
 MNSTMonster Beverage Corp COM | 0.40% | 2.01% | 0.40% |
 ABNBAirbnb, Inc., Class A | 0.39% | 2.01% | 0.39% |
 ADBEAdobe Inc COM | 0.38% | 2.00% | 0.38% |
 FTNTFortinet Inc COM | 0.31% | 2.05% | 0.31% |
 ADSKAutodesk Inc COM | 0.30% | 1.97% | 0.30% |
Frequently Asked Questions
How much do MGK and QQEW overlap?
MGK and QQEW overlap by 24.9% of portfolio weight. They share 25 holdings (MGK holds 59 positions and QQEW holds 51), based on each fund's latest SEC-reported holdings.
Is it redundant to own both MGK and QQEW?
The two portfolios are 24.9% 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 MGK and QQEW?
The largest positions held by both funds are AAPL, NVDA, AVGO, MSFT and META. Together the top 10 shared positions account for 66% of the total overlap.
What does MGK own that QQEW doesn't?
34 positions (33.1% of MGK) are unique to MGK, led by AMZN, TSLA and LLY. In the other direction, 26 positions (52.2% of QQEW) are unique to QQEW.