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