QQQ vs TCAF: Holdings Overlap
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
TCAFT. Rowe Price Capital Appreciation Equity ETF
T. Rowe Price · 92 holdings · $8.3B · as of 2026-03-31
How similar are QQQ and TCAF?
Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101 positions; T. Rowe Price Capital Appreciation Equity ETF (TCAF, by T. Rowe Price) holds 92. They have 20 holdings in common, and by portfolio weight the two funds are 37.3% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 37.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 20QQQ holds 101 · TCAF holds 92
- Weight in Shared Holdings
- QQQ 49%·TCAF 47%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
81 of 101 positions (51.0% of the fund) are not held by TCAF. Showing the top 30 by weight.
Sector Breakdown
| Sector | QQQ | TCAF |
|---|---|---|
| Information Technology | 49.7% | 30.5% |
| Health Care | 5.1% | 17.6% |
| Communication Services | 16.0% | 8.2% |
| Consumer Discretionary | 12.6% | 12.1% |
| Utilities | 1.5% | 10.2% |
| Other Sectors | 15.0% | 17.9% |
| Unclassified | 0.0% | 3.3% |
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. “Unclassified” is weight we could not classify (0% of QQQ, 3% of TCAF).
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% |
| TCAF | +3.1% | +12.1% | +18.5% | +18.6% | — | — | 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 QQQ vs TCAF →
Shared Holdings(20)
The top 10 shared positions account for 93% of the overlap, led by AAPL, MSFT and NVDA.
 AAPLApple Inc. COM | 7.63% | 5.95% | 5.95% |
|---|---|---|---|
 MSFTMicrosoft Corp. COM | 5.63% | 7.12% | 5.63% |
 NVDANVIDIA Corp. COM | 8.68% | 5.34% | 5.34% |
 AMZNAmazon.com, Inc. COM | 4.58% | 6.40% | 4.58% |
 METAMeta Platforms, Inc., Class A | 3.46% | 3.93% | 3.46% |
 GOOGLAlphabet Inc. CAP STK CL A | 3.43% | 4.05% | 3.43% |
 AVGOBroadcom Inc COM | 3.01% | 3.08% | 3.01% |
 AMDAdvanced Micro Devices Inc. COM | 1.88% | 2.22% | 1.88% |
 MUMicron Technology Inc. COM | 2.15% | 0.70% | 0.70% |
 SBUXStarbucks Corp. COM | 0.58% | 1.41% | 0.58% |
 KLACKLA Corp. COM NEW | 1.09% | 0.56% | 0.56% |
 GILDGilead Sciences Inc. COM | 0.98% | 0.35% | 0.35% |
 DASHDoorDash, Inc., Class A | 0.35% | 0.70% | 0.35% |
 BKNGBooking Holdings Inc COM | 0.75% | 0.35% | 0.35% |
 ALNYAlnylam Pharmaceuticals Inc. COM | 0.25% | 0.79% | 0.25% |
 KDPKeurig Dr Pepper Inc COM | 0.20% | 2.42% | 0.20% |
 MARMarriott International, Inc., Class A | 0.49% | 0.20% | 0.20% |
 CDNSCadence Design Systems, Inc. COM | 0.43% | 0.19% | 0.19% |
 WDAYWorkday, Inc., Class A | 0.16% | 0.64% | 0.16% |
 GOOGAlphabet Inc. CAP STK CL C | 3.20% | 0.09% | 0.09% |
Frequently Asked Questions
How much do QQQ and TCAF overlap?
QQQ and TCAF overlap by 37.3% of portfolio weight. They share 20 holdings (QQQ holds 101 positions and TCAF holds 92), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQQ and TCAF?
The two portfolios are 37.3% 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 TCAF?
The largest positions held by both funds are AAPL, MSFT, NVDA, AMZN and META. Together the top 10 shared positions account for 93% of the total overlap.
What does QQQ own that TCAF doesn't?
81 positions (51.0% of QQQ) are unique to QQQ, led by TSLA, WMT and COST. In the other direction, 72 positions (53.3% of TCAF) are unique to TCAF.