QQQ vs SCHG: Holdings Overlap
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · 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 (QQQ: 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 QQQ and SCHG?
Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101 positions; Schwab U.S. Large-Cap Growth ETF (SCHG, by Schwab) holds 193. They have 48 holdings in common, and by portfolio weight the two funds are 59.8% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 59.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 48QQQ holds 101 · SCHG holds 193
- Weight in Shared Holdings
- QQQ 68%·SCHG 72%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
53 of 101 positions (31.7% of the fund) are not held by SCHG. Showing the top 30 by weight.
Sector Breakdown
| Sector | QQQ | SCHG |
|---|---|---|
| Information Technology | 49.7% | 45.9% |
| Communication Services | 16.0% | 15.3% |
| Consumer Discretionary | 12.6% | 12.3% |
| Consumer Staples | 8.5% | 1.7% |
| Health Care | 5.1% | 8.4% |
| Other Sectors | 8.0% | 16.3% |
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 |
|---|---|---|---|---|---|---|---|
| QQQ | +1.9% | +18.0% | +27.6% | +25.2% | +15.2% | +20.8% | 0.42% |
| 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 QQQ vs SCHG →
Shared Holdings(48)
The top 10 shared positions account for 76% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. | 8.68% | 11.01% | 8.68% |
|---|---|---|---|
 AAPLApple Inc. | 7.63% | 9.83% | 7.63% |
 MSFTMicrosoft Corp. | 5.63% | 7.17% | 5.63% |
 AMZNAmazon.com, Inc. | 4.58% | 5.67% | 4.58% |
 TSLATesla, Inc. | 3.80% | 3.91% | 3.80% |
 METAMeta Platforms, Inc., Class A | 3.46% | 3.45% | 3.45% |
 GOOGLAlphabet Inc., Class A | 3.43% | 4.75% | 3.43% |
 GOOGAlphabet Inc., Class C | 3.20% | 3.78% | 3.20% |
 AVGOBroadcom Inc. | 3.01% | 4.55% | 3.01% |
 AMDAdvanced Micro Devices, Inc. | 1.88% | 2.93% | 1.88% |
 COSTCostco Wholesale Corp. | 2.50% | 1.48% | 1.48% |
 NFLXNetflix, Inc. | 2.30% | 1.27% | 1.27% |
 PLTRPalantir Technologies Inc., Class A | 1.90% | 1.25% | 1.25% |
 KLACKLA Corp. | 1.09% | 0.88% | 0.88% |
 LINLinde PLC | 1.30% | 0.81% | 0.81% |
 PANWPalo Alto Networks, Inc. | 0.74% | 0.79% | 0.74% |
 APPAppLovin Corp., Class A | 0.69% | 0.58% | 0.58% |
 CRWDCrowdStrike Holdings, Inc., Class A | 0.56% | 0.64% | 0.56% |
 ISRGIntuitive Surgical, Inc. | 0.93% | 0.53% | 0.53% |
 BKNGBooking Holdings Inc. | 0.75% | 0.47% | 0.47% |
 VRTXVertex Pharmaceuticals Inc. | 0.64% | 0.40% | 0.40% |
 ADBEAdobe Inc. | 0.56% | 0.37% | 0.37% |
 CDNSCadence Design Systems, Inc. | 0.43% | 0.36% | 0.36% |
 INTUIntuit Inc. | 0.68% | 0.32% | 0.32% |
 SNPSSynopsys, Inc. | 0.43% | 0.32% | 0.32% |
Frequently Asked Questions
How much do QQQ and SCHG overlap?
QQQ and SCHG overlap by 59.8% of portfolio weight. They share 48 holdings (QQQ holds 101 positions and SCHG holds 193), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQQ and SCHG?
The two portfolios are 59.8% 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 SCHG?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and TSLA. Together the top 10 shared positions account for 76% of the total overlap.
What does QQQ own that SCHG doesn't?
53 positions (31.7% of QQQ) are unique to QQQ, led by WMT, MU and CSCO. In the other direction, 145 positions (28.1% of SCHG) are unique to SCHG.