QQQ vs QUAL: Holdings Overlap
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
QUALiShares MSCI USA Quality Factor ETF
iShares · 121 holdings · $47.8B · as of 2026-04-30
Holdings snapshots are 30 days apart (QQQ: 2026-03-31, QUAL: 2026-04-30). 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 QQQ and QUAL?
Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101 positions; iShares MSCI USA Quality Factor ETF (QUAL, by iShares) holds 121. They have 33 holdings in common, and by portfolio weight the two funds are 42.4% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 42.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 33QQQ holds 101 · QUAL holds 121
- Weight in Shared Holdings
- QQQ 54%·QUAL 50%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 QQQ
68 of 101 positions (45.8% of the fund) are not held by QUAL. Showing the top 30 by weight.
Sector Breakdown
| Sector | QQQ | QUAL |
|---|---|---|
| Information Technology | 49.7% | 34.4% |
| Communication Services | 16.0% | 11.0% |
| Consumer Discretionary | 12.6% | 9.8% |
| Financials | 0.2% | 11.6% |
| Industrials | 4.2% | 9.4% |
| Other Sectors | 17.2% | 23.6% |
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 |
|---|---|---|---|---|---|---|---|
| QQQ | +1.9% | +18.0% | +27.6% | +25.2% | +15.2% | +20.8% | 0.42% |
| QUAL | +3.6% | +14.1% | +23.7% | +19.0% | +11.5% | +14.4% | 0.84% |
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 QQQ vs QUAL →
Shared Holdings(33)
The top 10 shared positions account for 76% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 8.68% | 6.50% | 6.50% |
|---|---|---|---|
 AAPLApple Inc. COM | 7.63% | 6.27% | 6.27% |
 MSFTMicrosoft Corp. COM | 5.63% | 5.04% | 5.04% |
 METAMeta Platforms, Inc., Class A | 3.46% | 3.49% | 3.46% |
 GOOGLAlphabet Inc. CAP STK CL A | 3.43% | 2.53% | 2.53% |
 GOOGAlphabet Inc. CAP STK CL C | 3.20% | 2.11% | 2.11% |
 NFLXNetflix, Inc. COM | 2.30% | 1.99% | 1.99% |
 AMATApplied Materials Inc. COM | 1.53% | 2.45% | 1.53% |
 LRCXLam Research Corporation COM NEW | 1.51% | 3.22% | 1.51% |
 COSTCostco Wholesale Corporation COM | 2.50% | 1.31% | 1.31% |
 WMTWalmart Inc COM | 3.43% | 1.23% | 1.23% |
 KLACKLA Corp. COM NEW | 1.09% | 2.78% | 1.09% |
 LINLinde PLC COM EUR0.001 | 1.30% | 0.88% | 0.88% |
 QCOMQUALCOMM Inc. COM | 0.78% | 1.41% | 0.78% |
 APPAppLovin Corp., Class A | 0.69% | 0.67% | 0.67% |
 ADBEAdobe Inc COM | 0.56% | 1.19% | 0.56% |
 ADPAutomatic Data Processing, Inc. COM | 0.46% | 0.88% | 0.46% |
 PEPPepsico Inc COM | 1.20% | 0.46% | 0.46% |
 CDNSCadence Design Systems, Inc. COM | 0.43% | 0.57% | 0.43% |
 VRTXVertex Pharmaceuticals Incorporated COM | 0.64% | 0.42% | 0.42% |
 CTASCintas Corporation COM | 0.38% | 0.53% | 0.38% |
 FTNTFortinet Inc COM | 0.34% | 0.76% | 0.34% |
 FANGDiamondback Energy Inc COM | 0.32% | 0.66% | 0.32% |
 MPWRMonolithic Power Systems Inc. COM | 0.30% | 0.70% | 0.30% |
 FASTFastenal Co. COM | 0.30% | 0.44% | 0.30% |
Frequently Asked Questions
How much do QQQ and QUAL overlap?
QQQ and QUAL overlap by 42.4% of portfolio weight. They share 33 holdings (QQQ holds 101 positions and QUAL holds 121), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQQ and QUAL?
The two portfolios are 42.4% 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 QQQ and QUAL?
The largest positions held by both funds are NVDA, AAPL, MSFT, META and GOOGL. Together the top 10 shared positions account for 76% of the total overlap.
What does QQQ own that QUAL doesn't?
68 positions (45.8% of QQQ) are unique to QQQ, led by AMZN, TSLA and AVGO. In the other direction, 88 positions (49.6% of QUAL) are unique to QUAL.