QQEW vs SCHG: Holdings Overlap
QQEWFirst Trust Nasdaq-100 Select Equal Weight ETF
First Trust · 51 holdings · $1.8B · as of 2026-03-31
SCHGSchwab U.S. Large-Cap Growth ETF
Schwab · 193 holdings · $62.4B · as of 2026-05-31
Holdings snapshots are 61 days apart (QQEW: 2026-03-31, SCHG: 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 SCHG?
First Trust Nasdaq-100 Select Equal Weight ETF (QQEW, by First Trust) holds 51 positions; Schwab U.S. Large-Cap Growth ETF (SCHG, by Schwab) holds 193. They have 35 holdings in common, and by portfolio weight the two funds are 22.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 22.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 35QQEW holds 51 · SCHG holds 193
- Weight in Shared Holdings
- QQEW 68%·SCHG 55%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
16 of 51 positions (32.4% of the fund) are not held by SCHG.
Sector Breakdown
| Sector | QQEW | SCHG |
|---|---|---|
| Information Technology | 49.6% | 45.9% |
| Health Care | 16.3% | 8.4% |
| Communication Services | 10.0% | 15.3% |
| Consumer Discretionary | 12.4% | 12.3% |
| Industrials | 7.7% | 6.6% |
| Other Sectors | 3.9% | 11.4% |
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% |
| SCHG | +4.3% | +9.9% | +19.1% | +24.1% | +14.0% | +18.6% | 0.37% |
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 SCHG →
Shared Holdings(35)
The top 10 shared positions account for 68% of the overlap, led by AAPL, NVDA and AVGO.
 AAPLApple Inc. COM | 2.09% | 9.83% | 2.09% |
|---|---|---|---|
 NVDANVIDIA Corp. COM | 2.06% | 11.01% | 2.06% |
 AVGOBroadcom Inc COM | 2.03% | 4.55% | 2.03% |
 MSFTMicrosoft Corp. COM | 1.98% | 7.17% | 1.98% |
 METAMeta Platforms Inc CL A | 1.97% | 3.45% | 1.97% |
 NFLXNetflix, Inc. COM | 2.14% | 1.27% | 1.27% |
 PLTRPalantir Technologies Inc CL A | 1.98% | 1.25% | 1.25% |
 GOOGAlphabet Inc. CAP STK CL C | 0.98% | 3.78% | 0.98% |
 GOOGLAlphabet Inc. CAP STK CL A | 0.98% | 4.75% | 0.98% |
 KLACKLA Corp. COM NEW | 2.01% | 0.88% | 0.88% |
 PANWPalo Alto Networks Inc COM | 2.01% | 0.79% | 0.79% |
 CRWDCrowdstrike Holdings Inc CL A | 1.95% | 0.64% | 0.64% |
 APPApplovin Corp. COM CL A | 1.84% | 0.58% | 0.58% |
 ISRGIntuitive Surgical Inc. COM NEW | 1.97% | 0.53% | 0.53% |
 BKNGBooking Holdings Inc COM | 1.99% | 0.47% | 0.47% |
 VRTXVertex Pharmaceuticals Incorporated COM | 2.01% | 0.40% | 0.40% |
 ADBEAdobe Inc COM | 2.00% | 0.37% | 0.37% |
 CDNSCadence Design Systems, Inc. COM | 2.00% | 0.36% | 0.36% |
 INTUIntuit Inc COM | 1.94% | 0.32% | 0.32% |
 SNPSSynopsys Inc COM | 1.93% | 0.32% | 0.32% |
 FTNTFortinet Inc COM | 2.05% | 0.30% | 0.30% |
 DDOGDatadog Inc CL A COM | 1.93% | 0.28% | 0.28% |
 MPWRMonolithic Power Systems Inc. COM | 2.09% | 0.27% | 0.27% |
 REGNRegeneron Pharmaceuticals, Inc. COM | 2.15% | 0.22% | 0.22% |
 DASHDoorDash Inc CL A | 1.96% | 0.21% | 0.21% |
Frequently Asked Questions
How much do QQEW and SCHG overlap?
QQEW and SCHG overlap by 22.8% of portfolio weight. They share 35 holdings (QQEW holds 51 positions and SCHG holds 193), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQEW and SCHG?
The two portfolios are 22.8% 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 SCHG?
The largest positions held by both funds are AAPL, NVDA, AVGO, MSFT and META. Together the top 10 shared positions account for 68% of the total overlap.
What does QQEW own that SCHG doesn't?
16 positions (32.4% of QQEW) are unique to QQEW, led by ARM, PDD and MELI. In the other direction, 158 positions (44.7% of SCHG) are unique to SCHG.