QQEW vs VONG: Holdings Overlap
QQEWFirst Trust Nasdaq-100 Select Equal Weight ETF
First Trust · 51 holdings · $1.8B · as of 2026-03-31
VONGVanguard Russell 1000 Growth Index Fund
Vanguard · 387 holdings · $45.7B · as of 2026-05-31
Holdings snapshots are 61 days apart (QQEW: 2026-03-31, VONG: 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 VONG?
First Trust Nasdaq-100 Select Equal Weight ETF (QQEW, by First Trust) holds 51 positions; Vanguard Russell 1000 Growth Index Fund (VONG, by Vanguard) holds 387. They have 42 holdings in common, and by portfolio weight the two funds are 23.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 23.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 42QQEW holds 51 · VONG holds 387
- Weight in Shared Holdings
- QQEW 81%·VONG 61%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
9 of 51 positions (18.6% of the fund) are not held by VONG.
Sector Breakdown
| Sector | QQEW | VONG |
|---|---|---|
| Information Technology | 49.6% | 52.8% |
| Health Care | 16.3% | 6.9% |
| Consumer Discretionary | 12.4% | 12.7% |
| Communication Services | 10.0% | 12.5% |
| Industrials | 7.7% | 6.2% |
| Other Sectors | 3.9% | 8.8% |
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% |
| VONG | +2.7% | +5.6% | +13.3% | +22.2% | +12.8% | +17.9% | 0.45% |
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 VONG →
Shared Holdings(42)
The top 10 shared positions account for 67% of the overlap, led by AAPL, NVDA and AVGO.
 AAPLApple Inc. COM | 2.09% | 11.95% | 2.09% |
|---|---|---|---|
 NVDANVIDIA Corp. COM | 2.06% | 13.07% | 2.06% |
 AVGOBroadcom Inc COM | 2.03% | 5.77% | 2.03% |
 MSFTMicrosoft Corp. COM | 1.98% | 8.96% | 1.98% |
 METAMeta Platforms, Inc., Class A | 1.97% | 3.19% | 1.97% |
 LRCXLam Research Corporation COM NEW | 1.91% | 1.20% | 1.20% |
 NFLXNetflix, Inc. COM | 2.14% | 1.10% | 1.10% |
 PLTRPalantir Technologies, Inc., Class A | 1.98% | 1.03% | 1.03% |
 GOOGAlphabet Inc. CAP STK CL C | 0.98% | 3.15% | 0.98% |
 GOOGLAlphabet Inc. CAP STK CL A | 0.98% | 3.91% | 0.98% |
 KLACKLA Corp. COM NEW | 2.01% | 0.76% | 0.76% |
 PANWPalo Alto Networks Inc COM | 2.01% | 0.68% | 0.68% |
 CRWDCrowdstrike Holdings, Inc., Class A | 1.95% | 0.54% | 0.54% |
 ISRGIntuitive Surgical Inc. COM NEW | 1.97% | 0.45% | 0.45% |
 APPApplovin Corp. COM CL A | 1.84% | 0.44% | 0.44% |
 AMGNAmgen Inc. COM | 2.07% | 0.40% | 0.40% |
 BKNGBooking Holdings Inc COM | 1.99% | 0.39% | 0.39% |
 VRTXVertex Pharmaceuticals Incorporated COM | 2.01% | 0.34% | 0.34% |
 ADBEAdobe Inc COM | 2.00% | 0.32% | 0.32% |
 CDNSCadence Design Systems, Inc. COM | 2.00% | 0.31% | 0.31% |
 INTUIntuit Inc COM | 1.94% | 0.27% | 0.27% |
 FTNTFortinet Inc COM | 2.05% | 0.26% | 0.26% |
 ADPAutomatic Data Processing, Inc. COM | 1.99% | 0.25% | 0.25% |
 DDOGDatadog, Inc., Class A | 1.93% | 0.23% | 0.23% |
 MPWRMonolithic Power Systems Inc. COM | 2.09% | 0.22% | 0.22% |
Frequently Asked Questions
How much do QQEW and VONG overlap?
QQEW and VONG overlap by 23.1% of portfolio weight. They share 42 holdings (QQEW holds 51 positions and VONG holds 387), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQEW and VONG?
The two portfolios are 23.1% 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 VONG?
The largest positions held by both funds are AAPL, NVDA, AVGO, MSFT and META. Together the top 10 shared positions account for 67% of the total overlap.
What does QQEW own that VONG doesn't?
9 positions (18.6% of QQEW) are unique to QQEW, led by ARM, PDD and MELI. In the other direction, 345 positions (38.9% of VONG) are unique to VONG.