QQQ vs SCHX: Holdings Overlap
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
Schwab · 748 holdings · $74.3B · as of 2026-05-31
Holdings snapshots are 61 days apart (QQQ: 2026-03-31, SCHX: 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 SCHX?
Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101 positions; Schwab U.S. Large-Cap ETF (SCHX, by Schwab) holds 748. They have 93 holdings in common, and by portfolio weight the two funds are 53.0% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 53.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 93QQQ holds 101 · SCHX holds 748
- Weight in Shared Holdings
- QQQ 97%·SCHX 53%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
8 of 101 positions (3.2% of the fund) are not held by SCHX.
Sector Breakdown
| Sector | QQQ | SCHX |
|---|---|---|
| Information Technology | 49.7% | 37.4% |
| Communication Services | 16.0% | 10.3% |
| Consumer Discretionary | 12.6% | 9.7% |
| Financials | 0.2% | 11.4% |
| Industrials | 4.2% | 9.1% |
| Other Sectors | 17.2% | 22.0% |
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 |
|---|---|---|---|---|---|---|---|
| QQQ | +1.9% | +18.0% | +27.6% | +25.2% | +15.2% | +20.8% | 0.42% |
| SCHX | +3.5% | +14.0% | +23.2% | +21.2% | +12.8% | +15.3% | 0.99% |
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 SCHX →
Shared Holdings(93)
The top 10 shared positions account for 70% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. | 8.68% | 7.50% | 7.50% |
|---|---|---|---|
 AAPLApple Inc. | 7.63% | 6.69% | 6.69% |
 MSFTMicrosoft Corp. | 5.63% | 4.88% | 4.88% |
 AMZNAmazon.com, Inc. | 4.58% | 3.86% | 3.86% |
 GOOGLAlphabet Inc., Class A | 3.43% | 3.23% | 3.23% |
 AVGOBroadcom Inc. | 3.01% | 3.10% | 3.01% |
 GOOGAlphabet Inc., Class C | 3.20% | 2.57% | 2.57% |
 METAMeta Platforms, Inc., Class A | 3.46% | 2.02% | 2.02% |
 TSLATesla, Inc. | 3.80% | 1.79% | 1.79% |
 MUMicron Technology, Inc. | 2.15% | 1.60% | 1.60% |
 AMDAdvanced Micro Devices, Inc. | 1.88% | 1.23% | 1.23% |
 INTCIntel Corp. | 1.25% | 0.79% | 0.79% |
 WMTWalmart Inc. | 3.43% | 0.74% | 0.74% |
 CSCOCisco Systems, Inc. | 1.73% | 0.70% | 0.70% |
 COSTCostco Wholesale Corp. | 2.50% | 0.62% | 0.62% |
 LRCXLam Research Corp. | 1.51% | 0.58% | 0.58% |
 NFLXNetflix, Inc. | 2.30% | 0.53% | 0.53% |
 PLTRPalantir Technologies Inc., Class A | 1.90% | 0.52% | 0.52% |
 AMATApplied Materials, Inc. | 1.53% | 0.52% | 0.52% |
 TXNTexas Instruments Inc. | 1.00% | 0.41% | 0.41% |
 QCOMQUALCOMM Inc. | 0.78% | 0.39% | 0.39% |
 KLACKLA Corp. | 1.09% | 0.37% | 0.37% |
 LINLinde PLC | 1.30% | 0.34% | 0.34% |
 PANWPalo Alto Networks, Inc. | 0.74% | 0.33% | 0.33% |
 ADIAnalog Devices, Inc. | 0.88% | 0.30% | 0.30% |
Frequently Asked Questions
How much do QQQ and SCHX overlap?
QQQ and SCHX overlap by 53.0% of portfolio weight. They share 93 holdings (QQQ holds 101 positions and SCHX holds 748), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQQ and SCHX?
The two portfolios are 53.0% 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 SCHX?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and GOOGL. Together the top 10 shared positions account for 70% of the total overlap.
What does QQQ own that SCHX doesn't?
8 positions (3.2% of QQQ) are unique to QQQ, led by SHOP, ASML and MELI. In the other direction, 655 positions (46.7% of SCHX) are unique to SCHX.