QQQ vs USMC: Holdings Overlap
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
USMCPrincipal U.S. Mega-Cap ETF
Principal · 26 holdings · $3.6B · as of 2026-03-31
How similar are QQQ and USMC?
Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101 positions; Principal U.S. Mega-Cap ETF (USMC, by Principal) holds 26. They have 12 holdings in common, and by portfolio weight the two funds are 44.5% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 44.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 12QQQ holds 101 · USMC holds 26
- Weight in Shared Holdings
- QQQ 51%·USMC 54%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
89 of 101 positions (49.3% of the fund) are not held by USMC. Showing the top 30 by weight.
Sector Breakdown
| Sector | QQQ | USMC |
|---|---|---|
| Information Technology | 49.7% | 26.6% |
| Financials | 0.2% | 20.4% |
| Communication Services | 16.0% | 14.1% |
| Consumer Discretionary | 12.6% | 8.2% |
| Consumer Staples | 8.5% | 10.2% |
| Other Sectors | 12.8% | 20.2% |
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% |
| USMC | +2.9% | +11.9% | +21.9% | +20.8% | +14.5% | — | 0.74% |
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 USMC →
Shared Holdings(12)
The top 10 shared positions account for 90% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. | 8.68% | 7.57% | 7.57% |
|---|---|---|---|
 AAPLApple, Inc. | 7.63% | 6.70% | 6.70% |
 MSFTMicrosoft Corp. | 5.63% | 4.91% | 4.91% |
 AMZNAmazon.com, Inc. | 4.58% | 3.62% | 3.62% |
 METAMeta Platforms, Inc., Class A | 3.46% | 4.11% | 3.46% |
 GOOGLAlphabet Inc., Class A | 3.43% | 5.37% | 3.43% |
 AVGOBroadcom, Inc. | 3.01% | 4.50% | 3.01% |
 COSTCostco Wholesale Corp. | 2.50% | 4.58% | 2.50% |
 WMTWalmart, Inc. | 3.43% | 2.48% | 2.48% |
 TSLATesla, Inc. | 3.80% | 2.36% | 2.36% |
 NFLXNetflix, Inc. | 2.30% | 4.65% | 2.30% |
 MUMicron Technology, Inc. | 2.15% | 2.95% | 2.15% |
Frequently Asked Questions
How much do QQQ and USMC overlap?
QQQ and USMC overlap by 44.5% of portfolio weight. They share 12 holdings (QQQ holds 101 positions and USMC holds 26), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQQ and USMC?
The two portfolios are 44.5% 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 USMC?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and META. Together the top 10 shared positions account for 90% of the total overlap.
What does QQQ own that USMC doesn't?
89 positions (49.3% of QQQ) are unique to QQQ, led by GOOG, PLTR and AMD. In the other direction, 14 positions (45.9% of USMC) are unique to USMC.