QQQM vs MGK: Holdings Overlap
Invesco · 101 holdings · $97.1B · as of 2026-05-31
MGKVanguard Mega Cap Growth Index Fund
Vanguard · 59 holdings · $33.7B · as of 2026-03-31
Holdings snapshots are 61 days apart (QQQM: 2026-05-31, MGK: 2026-03-31). 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 QQQM and MGK?
Invesco NASDAQ 100 ETF (QQQM, by Invesco) holds 101 positions; Vanguard Mega Cap Growth Index Fund (MGK, by Vanguard) holds 59. They have 34 holdings in common, and by portfolio weight the two funds are 57.3% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 57.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 34QQQM holds 101 · MGK holds 59
- Weight in Shared Holdings
- QQQM 63%·MGK 80%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 QQQM
67 of 101 positions (36.9% of the fund) are not held by MGK. Showing the top 30 by weight.
Sector Breakdown
| Sector | QQQM | MGK |
|---|---|---|
| Information Technology | 57.8% | 54.4% |
| Communication Services | 14.2% | 16.7% |
| Consumer Discretionary | 11.4% | 13.1% |
| Consumer Staples | 6.4% | 0.4% |
| Health Care | 3.7% | 5.2% |
| Other Sectors | 6.0% | 10.0% |
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 |
|---|---|---|---|---|---|---|---|
| QQQM | +1.9% | +18.0% | +27.7% | +25.3% | +15.2% | — | 0.44% |
| MGK | +3.8% | +10.2% | +19.4% | +24.7% | +14.0% | +18.8% | 0.32% |
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 QQQM vs MGK →
Shared Holdings(34)
The top 10 shared positions account for 76% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 8.13% | 13.75% | 8.13% |
|---|---|---|---|
 AAPLApple Inc. COM | 7.26% | 12.60% | 7.26% |
 MSFTMicrosoft Corp. COM | 5.30% | 9.01% | 5.30% |
 AMZNAmazon.com, Inc. COM | 4.60% | 4.59% | 4.59% |
 GOOGLAlphabet Inc. CAP STK CL A | 3.51% | 5.51% | 3.51% |
 TSLATesla Inc COM | 3.45% | 4.18% | 3.45% |
 AVGOBroadcom Inc COM | 3.36% | 4.40% | 3.36% |
 GOOGAlphabet Inc. CAP STK CL C | 3.24% | 4.37% | 3.24% |
 METAMeta Platforms, Inc., Class A | 2.96% | 4.17% | 2.96% |
 NFLXNetflix, Inc. COM | 1.59% | 1.76% | 1.59% |
 AMDAdvanced Micro Devices Inc. COM | 3.68% | 1.49% | 1.49% |
 PLTRPalantir Technologies, Inc., Class A | 1.57% | 1.42% | 1.42% |
 LRCXLam Research Corporation COM NEW | 1.74% | 1.25% | 1.25% |
 KLACKLA Corp. COM NEW | 1.10% | 0.98% | 0.98% |
 PANWPalo Alto Networks Inc COM | 1.01% | 0.71% | 0.71% |
 ISRGIntuitive Surgical Inc. COM NEW | 0.66% | 0.83% | 0.66% |
 SNDKSandisk Corporation COM | 1.09% | 0.62% | 0.62% |
 BKNGBooking Holdings Inc COM | 0.58% | 0.71% | 0.58% |
 CRWDCrowdStrike Holdings, Inc., Class A | 0.81% | 0.56% | 0.56% |
 APPAppLovin Corp., Class A | 0.82% | 0.55% | 0.55% |
 VRTXVertex Pharmaceuticals Incorporated COM | 0.50% | 0.65% | 0.50% |
 CDNSCadence Design Systems, Inc. COM | 0.45% | 0.50% | 0.45% |
 MARMarriott International, Inc., Class A | 0.44% | 0.49% | 0.44% |
 MRVLMarvell Technology Inc COM | 0.78% | 0.41% | 0.41% |
 INTUIntuit Inc COM | 0.40% | 0.66% | 0.40% |
Frequently Asked Questions
How much do QQQM and MGK overlap?
QQQM and MGK overlap by 57.3% of portfolio weight. They share 34 holdings (QQQM holds 101 positions and MGK holds 59), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQQM and MGK?
The two portfolios are 57.3% 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 QQQM and MGK?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and GOOGL. Together the top 10 shared positions account for 76% of the total overlap.
What does QQQM own that MGK doesn't?
67 positions (36.9% of QQQM) are unique to QQQM, led by MU, INTC and WMT. In the other direction, 25 positions (20.2% of MGK) are unique to MGK.