QQEW vs QQQM: Holdings Overlap
QQEWFirst Trust Nasdaq-100 Select Equal Weight ETF
First Trust · 51 holdings · $1.8B · as of 2026-03-31
Invesco · 101 holdings · $97.1B · as of 2026-05-31
Holdings snapshots are 61 days apart (QQEW: 2026-03-31, QQQM: 2026-05-31). 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 QQEW and QQQM?
First Trust Nasdaq-100 Select Equal Weight ETF (QQEW, by First Trust) holds 51 positions; Invesco NASDAQ 100 ETF (QQQM, by Invesco) holds 101. They have 49 holdings in common, and by portfolio weight the two funds are 34.4% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 34.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 49QQEW holds 51 · QQQM holds 101
- Weight in Shared Holdings
- QQEW 96%·QQQM 59%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
2 of 51 positions (3.8% of the fund) are not held by QQQM.
Sector Breakdown
| Sector | QQEW | QQQM |
|---|---|---|
| Information Technology | 49.6% | 57.8% |
| Health Care | 16.3% | 3.7% |
| Communication Services | 10.0% | 14.2% |
| Consumer Discretionary | 12.4% | 11.4% |
| Industrials | 7.7% | 3.2% |
| Other Sectors | 3.9% | 9.3% |
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 |
|---|---|---|---|---|---|---|---|
| QQEW | +2.5% | +14.0% | +19.6% | +14.5% | +7.7% | +14.2% | 0.20% |
| QQQM | +1.9% | +18.0% | +27.7% | +25.3% | +15.2% | — | 0.44% |
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 QQQM →
Shared Holdings(49)
The top 10 shared positions account for 52% of the overlap, led by AAPL, NVDA and AVGO.
 AAPLApple Inc. COM | 2.09% | 7.26% | 2.09% |
|---|---|---|---|
 NVDANVIDIA Corp. COM | 2.06% | 8.13% | 2.06% |
 AVGOBroadcom Inc COM | 2.03% | 3.36% | 2.03% |
 MSFTMicrosoft Corp. COM | 1.98% | 5.30% | 1.98% |
 METAMeta Platforms, Inc., Class A | 1.97% | 2.96% | 1.97% |
 LRCXLam Research Corporation COM NEW | 1.91% | 1.74% | 1.74% |
 MUMicron Technology Inc. COM | 1.63% | 4.78% | 1.63% |
 NFLXNetflix, Inc. COM | 2.14% | 1.59% | 1.59% |
 PLTRPalantir Technologies Inc., Class A | 1.98% | 1.57% | 1.57% |
 KLACKLA Corp. COM NEW | 2.01% | 1.10% | 1.10% |
 PANWPalo Alto Networks Inc COM | 2.01% | 1.01% | 1.01% |
 GOOGAlphabet Inc. CAP STK CL C | 0.98% | 3.24% | 0.98% |
 GOOGLAlphabet Inc. CAP STK CL A | 0.98% | 3.51% | 0.98% |
 STXSeagate Technology Holdings PLC ORD SHS | 1.94% | 0.84% | 0.84% |
 APPApplovin Corp. COM CL A | 1.84% | 0.82% | 0.82% |
 CRWDCrowdStrike Holdings, Inc., Class A | 1.95% | 0.81% | 0.81% |
 AMGNAmgen Inc. COM | 2.07% | 0.79% | 0.79% |
 GILDGilead Sciences Inc. COM | 2.07% | 0.73% | 0.73% |
 ISRGIntuitive Surgical Inc. COM NEW | 1.97% | 0.66% | 0.66% |
 ASMLASML Holding N.V. N Y REGISTRY SHS | 2.05% | 0.62% | 0.62% |
 BKNGBooking Holdings Inc COM | 1.99% | 0.58% | 0.58% |
 VRTXVertex Pharmaceuticals Incorporated COM | 2.01% | 0.50% | 0.50% |
 ADBEAdobe Inc COM | 2.00% | 0.46% | 0.46% |
 CDNSCadence Design Systems, Inc. COM | 2.00% | 0.45% | 0.45% |
 FTNTFortinet Inc COM | 2.05% | 0.45% | 0.45% |
Frequently Asked Questions
How much do QQEW and QQQM overlap?
QQEW and QQQM overlap by 34.4% of portfolio weight. They share 49 holdings (QQEW holds 51 positions and QQQM holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQEW and QQQM?
The two portfolios are 34.4% 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 QQQM?
The largest positions held by both funds are AAPL, NVDA, AVGO, MSFT and META. Together the top 10 shared positions account for 52% of the total overlap.
What does QQEW own that QQQM doesn't?
2 positions (3.8% of QQEW) are unique to QQEW, led by CSGP and TEAM. In the other direction, 52 positions (40.4% of QQQM) are unique to QQQM.