PRF vs QQQ: Holdings Overlap
Invesco · 1003 holdings · $10.0B · as of 2026-04-30
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
Holdings snapshots are 30 days apart (PRF: 2026-04-30, 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 PRF and QQQ?
Invesco RAFI US 1000 ETF (PRF, by Invesco) holds 1003 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 29.5% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 29.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 87PRF holds 1003 · QQQ holds 101
- Weight in Shared Holdings
- PRF 32%·QQQ 93%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 PRF
916 of 1003 positions (67.7% of the fund) are not held by QQQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | PRF | QQQ |
|---|---|---|
| Information Technology | 20.1% | 49.7% |
| Financials | 16.1% | 0.2% |
| Communication Services | 10.2% | 16.0% |
| Consumer Discretionary | 8.7% | 12.6% |
| Health Care | 11.7% | 5.1% |
| Other Sectors | 33.2% | 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 |
|---|---|---|---|---|---|---|---|
| PRF | +2.9% | +20.0% | +33.4% | +20.5% | +13.5% | +13.8% | 1.33% |
| 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 PRF vs QQQ →
Shared Holdings(87)
The top 10 shared positions account for 61% of the overlap, led by AAPL, GOOGL and AMZN.
 AAPLApple Inc. | 4.08% | 7.63% | 4.08% |
|---|---|---|---|
 GOOGLAlphabet Inc., Class A | 4.79% | 3.43% | 3.43% |
 AMZNAmazon.com, Inc. | 2.32% | 4.58% | 2.32% |
 MSFTMicrosoft Corp. | 2.17% | 5.63% | 2.17% |
 METAMeta Platforms, Inc., Class A | 1.42% | 3.46% | 1.42% |
 INTCIntel Corp. | 2.62% | 1.25% | 1.25% |
 WMTWalmart Inc. | 0.94% | 3.43% | 0.94% |
 MUMicron Technology, Inc. | 0.90% | 2.15% | 0.90% |
 CSCOCisco Systems, Inc. | 0.76% | 1.73% | 0.76% |
 AVGOBroadcom Inc. | 0.66% | 3.01% | 0.66% |
 NVDANVIDIA Corp. | 0.56% | 8.68% | 0.56% |
 CMCSAComcast Corp., Class A | 0.49% | 0.58% | 0.49% |
 AMDAdvanced Micro Devices, Inc. | 0.45% | 1.88% | 0.45% |
 COSTCostco Wholesale Corp. | 0.45% | 2.50% | 0.45% |
 QCOMQUALCOMM Inc. | 0.44% | 0.78% | 0.44% |
 AMATApplied Materials, Inc. | 0.43% | 1.53% | 0.43% |
 TXNTexas Instruments Inc. | 0.40% | 1.00% | 0.40% |
 PEPPepsiCo, Inc. | 0.40% | 1.20% | 0.40% |
 AMGNAmgen Inc. | 0.38% | 1.07% | 0.38% |
 LRCXLam Research Corp. | 0.35% | 1.51% | 0.35% |
 GILDGilead Sciences, Inc. | 0.35% | 0.98% | 0.35% |
 ADIAnalog Devices, Inc. | 0.30% | 0.88% | 0.30% |
 TSLATesla, Inc. | 0.29% | 3.80% | 0.29% |
 WBDWarner Bros. Discovery, Inc. | 0.29% | 0.39% | 0.29% |
 LINLinde PLC | 0.28% | 1.30% | 0.28% |
Frequently Asked Questions
How much do PRF and QQQ overlap?
PRF and QQQ overlap by 29.5% of portfolio weight. They share 87 holdings (PRF holds 1003 positions and QQQ holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both PRF and QQQ?
The two portfolios are 29.5% 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 PRF and QQQ?
The largest positions held by both funds are AAPL, GOOGL, AMZN, MSFT and META. Together the top 10 shared positions account for 61% of the total overlap.
What does PRF own that QQQ doesn't?
916 positions (67.7% of PRF) are unique to PRF, led by XOM, BRK-B and JPM. In the other direction, 14 positions (7.3% of QQQ) are unique to QQQ.