SCHG vs QQQM: Holdings Overlap
SCHGSchwab U.S. Large-Cap Growth ETF
Schwab · 193 holdings · $62.4B · as of 2026-05-31
Invesco · 101 holdings · $97.1B · as of 2026-05-31
How similar are SCHG and QQQM?
Schwab U.S. Large-Cap Growth ETF (SCHG, by Schwab) holds 193 positions; Invesco NASDAQ 100 ETF (QQQM, by Invesco) holds 101. They have 47 holdings in common, and by portfolio weight the two funds are 59.4% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 59.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 47SCHG holds 193 · QQQM holds 101
- Weight in Shared Holdings
- SCHG 72%·QQQM 65%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 SCHG
146 of 193 positions (28.1% of the fund) are not held by QQQM. Showing the top 30 by weight.
Sector Breakdown
| Sector | SCHG | QQQM |
|---|---|---|
| Information Technology | 45.9% | 57.8% |
| Communication Services | 15.3% | 14.2% |
| Consumer Discretionary | 12.3% | 11.4% |
| Health Care | 8.4% | 3.7% |
| Financials | 6.8% | 0.2% |
| Other Sectors | 11.2% | 12.3% |
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 |
|---|---|---|---|---|---|---|---|
| SCHG | +4.3% | +9.9% | +19.1% | +24.1% | +14.0% | +18.6% | 0.37% |
| QQQM | +1.9% | +18.0% | +27.7% | +25.3% | +15.2% | — | 0.44% |
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 SCHG vs QQQM →
Shared Holdings(47)
The top 10 shared positions account for 75% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. | 11.01% | 8.13% | 8.13% |
|---|---|---|---|
 AAPLApple Inc. | 9.83% | 7.26% | 7.26% |
 MSFTMicrosoft Corp. | 7.17% | 5.30% | 5.30% |
 AMZNAmazon.com, Inc. | 5.67% | 4.60% | 4.60% |
 GOOGLAlphabet Inc., Class A | 4.75% | 3.51% | 3.51% |
 TSLATesla, Inc. | 3.91% | 3.45% | 3.45% |
 AVGOBroadcom Inc. | 4.55% | 3.36% | 3.36% |
 GOOGAlphabet Inc., Class C | 3.78% | 3.24% | 3.24% |
 METAMeta Platforms, Inc., Class A | 3.45% | 2.96% | 2.96% |
 AMDAdvanced Micro Devices, Inc. | 2.93% | 3.68% | 2.93% |
 COSTCostco Wholesale Corp. | 1.48% | 1.86% | 1.48% |
 NFLXNetflix, Inc. | 1.27% | 1.59% | 1.27% |
 PLTRPalantir Technologies Inc., Class A | 1.25% | 1.57% | 1.25% |
 KLACKLA Corp. | 0.88% | 1.10% | 0.88% |
 LINLinde PLC | 0.81% | 1.01% | 0.81% |
 PANWPalo Alto Networks, Inc. | 0.79% | 1.01% | 0.79% |
 CRWDCrowdStrike Holdings, Inc., Class A | 0.64% | 0.81% | 0.64% |
 APPAppLovin Corp. | 0.58% | 0.82% | 0.58% |
 ISRGIntuitive Surgical, Inc. | 0.53% | 0.66% | 0.53% |
 BKNGBooking Holdings Inc. | 0.47% | 0.58% | 0.47% |
 VRTXVertex Pharmaceuticals Inc. | 0.40% | 0.50% | 0.40% |
 ADBEAdobe Inc. | 0.37% | 0.46% | 0.37% |
 CDNSCadence Design Systems, Inc. | 0.36% | 0.45% | 0.36% |
 INTUIntuit Inc. | 0.32% | 0.40% | 0.32% |
 SNPSSynopsys, Inc. | 0.32% | 0.40% | 0.32% |
Frequently Asked Questions
How much do SCHG and QQQM overlap?
SCHG and QQQM overlap by 59.4% of portfolio weight. They share 47 holdings (SCHG holds 193 positions and QQQM holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SCHG and QQQM?
The two portfolios are 59.4% 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 SCHG and QQQM?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and GOOGL. Together the top 10 shared positions account for 75% of the total overlap.
What does SCHG own that QQQM doesn't?
146 positions (28.1% of SCHG) are unique to SCHG, led by LLY, V and MA. In the other direction, 54 positions (34.8% of QQQM) are unique to QQQM.