QQEW vs QTEC: Holdings Overlap
QQEWFirst Trust Nasdaq-100 Select Equal Weight ETF
First Trust · 51 holdings · $1.8B · as of 2026-03-31
QTECFirst Trust NASDAQ-100-Technology Sector Index Fund
First Trust · 45 holdings · $4.8B · as of 2026-03-31
How similar are QQEW and QTEC?
First Trust Nasdaq-100 Select Equal Weight ETF (QQEW, by First Trust) holds 51 positions; First Trust NASDAQ-100-Technology Sector Index Fund (QTEC, by First Trust) holds 45. They have 31 holdings in common, and by portfolio weight the two funds are 59.5% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 59.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 31QQEW holds 51 · QTEC holds 45
- Weight in Shared Holdings
- QQEW 60%·QTEC 68%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
20 of 51 positions (40.4% of the fund) are not held by QTEC.
Sector Breakdown
| Sector | QQEW | QTEC |
|---|---|---|
| Information Technology | 49.6% | 86.5% |
| Health Care | 16.3% | 0.0% |
| Consumer Discretionary | 12.4% | 4.7% |
| Communication Services | 10.0% | 6.5% |
| Industrials | 7.7% | 2.2% |
| Other Sectors | 3.9% | 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.
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% |
| QTEC | +1.7% | +37.5% | +49.6% | +28.1% | +14.1% | +21.4% | 0.01% |
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 QTEC →
Shared Holdings(31)
The top 10 shared positions account for 35% of the overlap, led by ARM, PDD and AAPL.
 ARMArm Holdings PLC SPONSORED ADS | 2.33% | 2.65% | 2.33% |
|---|---|---|---|
 PDDPDD Holdings Inc. SPONSORED ADS | 2.17% | 2.46% | 2.17% |
 AAPLApple Inc. COM | 2.09% | 2.37% | 2.09% |
 MPWRMonolithic Power Systems Inc. COM | 2.09% | 2.36% | 2.09% |
 NVDANVIDIA Corp. COM | 2.06% | 2.34% | 2.06% |
 FTNTFortinet Inc COM | 2.05% | 2.32% | 2.05% |
 ASMLASML Holding N.V. N Y REGISTRY SHS | 2.05% | 2.32% | 2.05% |
 ROPRoper Technologies Inc COM | 2.04% | 2.32% | 2.04% |
 AVGOBroadcom Inc COM | 2.03% | 2.31% | 2.03% |
 PANWPalo Alto Networks Inc COM | 2.01% | 2.28% | 2.01% |
 KLACKLA Corp. COM NEW | 2.01% | 2.27% | 2.01% |
 ADBEAdobe Inc COM | 2.00% | 2.27% | 2.00% |
 CDNSCadence Design Systems, Inc. COM | 2.00% | 2.27% | 2.00% |
 PLTRPalantir Technologies Inc CL A | 1.98% | 2.25% | 1.98% |
 MSFTMicrosoft Corp. COM | 1.98% | 2.24% | 1.98% |
 ADSKAutodesk Inc COM | 1.97% | 2.24% | 1.97% |
 METAMeta Platforms Inc CL A | 1.97% | 2.23% | 1.97% |
 DASHDoorDash Inc CL A | 1.96% | 2.22% | 1.96% |
 WDAYWorkday Inc CL A | 1.95% | 2.21% | 1.95% |
 CRWDCrowdstrike Holdings Inc CL A | 1.95% | 2.21% | 1.95% |
 STXSeagate Technology Holdings PLC ORD SHS | 1.94% | 2.21% | 1.94% |
 INTUIntuit Inc COM | 1.94% | 2.20% | 1.94% |
 DDOGDatadog Inc CL A COM | 1.93% | 2.19% | 1.93% |
 SNPSSynopsys Inc COM | 1.93% | 2.18% | 1.93% |
 LRCXLam Research Corporation COM NEW | 1.91% | 2.17% | 1.91% |
Frequently Asked Questions
How much do QQEW and QTEC overlap?
QQEW and QTEC overlap by 59.5% of portfolio weight. They share 31 holdings (QQEW holds 51 positions and QTEC holds 45), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQEW and QTEC?
The two portfolios are 59.5% 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 QTEC?
The largest positions held by both funds are ARM, PDD, AAPL, MPWR and NVDA. Together the top 10 shared positions account for 35% of the total overlap.
What does QQEW own that QTEC doesn't?
20 positions (40.4% of QQEW) are unique to QQEW, led by ALNY, MELI and REGN. In the other direction, 14 positions (32.5% of QTEC) are unique to QTEC.