MGV vs QQQ: Holdings Overlap
MGVVanguard Mega Cap Value Index Fund
Vanguard · 120 holdings · $13.6B · 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 (MGV: 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 MGV and QQQ?
Vanguard Mega Cap Value Index Fund (MGV, by Vanguard) holds 120 positions; Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101. They have 23 holdings in common, and by portfolio weight the two funds are 21.5% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 21.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 23MGV holds 120 · QQQ holds 101
- Weight in Shared Holdings
- MGV 27%·QQQ 26%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 MGV
97 of 120 positions (72.5% of the fund) are not held by QQQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | MGV | QQQ |
|---|---|---|
| Information Technology | 18.0% | 49.7% |
| Financials | 21.6% | 0.2% |
| Communication Services | 3.2% | 16.0% |
| Health Care | 15.9% | 5.1% |
| Industrials | 13.6% | 4.2% |
| Other Sectors | 26.1% | 24.7% |
| Unclassified | 1.1% | 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 (1% of MGV, 0% of QQQ).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| MGV | +1.6% | +19.3% | +30.6% | +18.7% | +13.1% | +13.0% | 1.83% |
| 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 MGV vs QQQ →
Shared Holdings(23)
The top 10 shared positions account for 70% of the overlap, led by WMT, MU and COST.
 WMTWalmart Inc COM | 2.44% | 3.43% | 2.44% |
|---|---|---|---|
 MUMicron Technology Inc. COM | 5.26% | 2.15% | 2.15% |
 COSTCostco Wholesale Corporation COM | 2.04% | 2.50% | 2.04% |
 CSCOCisco Systems, Inc. COM | 2.06% | 1.73% | 1.73% |
 AMATApplied Materials Inc. COM | 1.72% | 1.53% | 1.53% |
 INTCIntel Corporation COM | 2.20% | 1.25% | 1.25% |
 LINLinde PLC COM EUR0.001 | 1.11% | 1.30% | 1.11% |
 TXNTexas Instruments Inc. COM | 1.33% | 1.00% | 1.00% |
 PEPPepsico Inc COM | 0.95% | 1.20% | 0.95% |
 ADIAnalog Devices Inc. COM | 0.97% | 0.88% | 0.88% |
 AMGNAmgen Inc. COM | 0.87% | 1.07% | 0.87% |
 GILDGilead Sciences Inc. COM | 0.80% | 0.98% | 0.80% |
 QCOMQUALCOMM Inc. COM | 1.29% | 0.78% | 0.78% |
 HONHoneywell International Inc. COM | 0.73% | 0.81% | 0.73% |
 SBUXStarbucks Corp. COM | 0.54% | 0.58% | 0.54% |
 ADPAutomatic Data Processing, Inc. COM | 0.43% | 0.46% | 0.43% |
 CMCSAComcast Corporation CL A | 0.43% | 0.58% | 0.43% |
 CSXCSX Corporation COM | 0.40% | 0.43% | 0.40% |
 MDLZMondelez International, Inc., Class A | 0.38% | 0.42% | 0.38% |
 AEPAmerican Electric Power Co, Inc. COM | 0.33% | 0.40% | 0.33% |
 REGNRegeneron Pharmaceuticals, Inc. COM | 0.31% | 0.45% | 0.31% |
 ADBEAdobe Inc COM | 0.26% | 0.56% | 0.26% |
 TMUST-Mobile US Inc COM | 0.20% | 1.31% | 0.20% |
Frequently Asked Questions
How much do MGV and QQQ overlap?
MGV and QQQ overlap by 21.5% of portfolio weight. They share 23 holdings (MGV holds 120 positions and QQQ holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both MGV and QQQ?
The two portfolios are 21.5% 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 MGV and QQQ?
The largest positions held by both funds are WMT, MU, COST, CSCO and AMAT. Together the top 10 shared positions account for 70% of the total overlap.
What does MGV own that QQQ doesn't?
97 positions (72.5% of MGV) are unique to MGV, led by JPM, BRK-B and XOM. In the other direction, 78 positions (74.1% of QQQ) are unique to QQQ.