QQQ vs SCHD: how much do they overlap?
Invesco QQQ Trust (QQQ) · Schwab U.S. Dividend Equity ETF (SCHD)
overlap by weight · 6 shared holdings
QQQ: 101 holdings (as of 2026-03-31) · SCHD: 97 holdings (as of 2026-02-28)
Note: the two funds' latest official filings have different dates, which can understate overlap slightly for funds tracking similar indexes.
Low overlap
What this means
QQQ and SCHD hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Overlap by weight sums the smaller of the two funds' weights for every stock they both hold — it answers "how much of my money is in the same stocks either way?" See methodology.
Top shared holdings
| Company | Ticker | in QQQ | in SCHD |
|---|---|---|---|
| Cisco Systems, Inc. | CSCO | 1.73% | 3.58% |
| PepsiCo, Inc. | PEP | 1.2% | 4.01% |
| Amgen Inc. | AMGN | 1.07% | 3.93% |
| Texas Instruments Inc. | TXN | 1% | 4.06% |
| Fastenal Co. | FAST | 0.3% | 1.9% |
| Paychex, Inc. | PAYX | 0.19% | 1.09% |
FAQ
How much do QQQ and SCHD overlap?
QQQ and SCHD have a 5.5% overlap by weight, sharing 6 holdings (out of 101 in QQQ and 97 in SCHD), based on official issuer holdings as of 2026-03-31.
What does 5.5% overlap mean?
QQQ and SCHD hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do QQQ and SCHD both hold?
The largest shared positions are Cisco Systems, Inc., PepsiCo, Inc., Amgen Inc., Texas Instruments Inc., Fastenal Co.. The full list of top shared holdings with weights in each fund is shown on this page.