QQEW vs QQQ: Holdings Overlap
QQEWFirst Trust Nasdaq-100 Select Equal Weight ETF
First Trust · 51 holdings · $1.8B · as of 2026-03-31
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
How similar are QQEW and QQQ?
First Trust Nasdaq-100 Select Equal Weight ETF (QQEW, by First Trust) holds 51 positions; Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101. They have 51 holdings in common, and by portfolio weight the two funds are 36.6% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 36.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 51QQEW holds 51 · QQQ holds 101
- Weight in Shared Holdings
- QQEW 100%·QQQ 60%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
Every position in QQEW is also held by QQQ, so it brings nothing the other fund doesn’t already own.
Sector Breakdown
| Sector | QQEW | QQQ |
|---|---|---|
| Information Technology | 49.6% | 49.7% |
| Health Care | 16.3% | 5.1% |
| Communication Services | 10.0% | 16.0% |
| Consumer Discretionary | 12.4% | 12.6% |
| Consumer Staples | 2.0% | 8.5% |
| Other Sectors | 9.6% | 8.0% |
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.
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% |
| 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 QQEW vs QQQ →
Shared Holdings(51)
The top 10 shared positions account for 50% of the overlap, led by NFLX, AAPL and NVDA.
 NFLXNetflix, Inc. COM | 2.14% | 2.30% | 2.14% |
|---|---|---|---|
 AAPLApple Inc. COM | 2.09% | 7.63% | 2.09% |
 NVDANVIDIA Corp. COM | 2.06% | 8.68% | 2.06% |
 AVGOBroadcom Inc COM | 2.03% | 3.01% | 2.03% |
 MSFTMicrosoft Corp. COM | 1.98% | 5.63% | 1.98% |
 METAMeta Platforms, Inc., Class A | 1.97% | 3.46% | 1.97% |
 PLTRPalantir Technologies Inc., Class A | 1.98% | 1.90% | 1.90% |
 MUMicron Technology Inc. COM | 1.63% | 2.15% | 1.63% |
 LRCXLam Research Corporation COM NEW | 1.91% | 1.51% | 1.51% |
 KLACKLA Corp. COM NEW | 2.01% | 1.09% | 1.09% |
 AMGNAmgen Inc. COM | 2.07% | 1.07% | 1.07% |
 GOOGAlphabet Inc. CAP STK CL C | 0.98% | 3.20% | 0.98% |
 GILDGilead Sciences Inc. COM | 2.07% | 0.98% | 0.98% |
 GOOGLAlphabet Inc. CAP STK CL A | 0.98% | 3.43% | 0.98% |
 ISRGIntuitive Surgical Inc. COM NEW | 1.97% | 0.93% | 0.93% |
 BKNGBooking Holdings Inc COM | 1.99% | 0.75% | 0.75% |
 PANWPalo Alto Networks Inc COM | 2.01% | 0.74% | 0.74% |
 APPApplovin Corp. COM CL A | 1.84% | 0.69% | 0.69% |
 INTUIntuit Inc COM | 1.94% | 0.68% | 0.68% |
 ASMLASML Holding N.V. N Y REGISTRY SHS | 2.05% | 0.66% | 0.66% |
 VRTXVertex Pharmaceuticals Incorporated COM | 2.01% | 0.64% | 0.64% |
 ADBEAdobe Inc COM | 2.00% | 0.56% | 0.56% |
 CRWDCrowdStrike Holdings, Inc., Class A | 1.95% | 0.56% | 0.56% |
 MELIMercadolibre Inc COM | 2.16% | 0.50% | 0.50% |
 STXSeagate Technology Holdings PLC ORD SHS | 1.94% | 0.48% | 0.48% |
Frequently Asked Questions
How much do QQEW and QQQ overlap?
QQEW and QQQ overlap by 36.6% of portfolio weight. They share 51 holdings (QQEW holds 51 positions and QQQ holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQEW and QQQ?
The two portfolios are 36.6% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of QQEW and QQQ?
The largest positions held by both funds are NFLX, AAPL, NVDA, AVGO and MSFT. Together the top 10 shared positions account for 50% of the total overlap.
What does QQEW own that QQQ doesn't?
Nothing. Every position in QQEW is also held by QQQ. In the other direction, 50 positions (39.7% of QQQ) are unique to QQQ.