QQQ vs SCHG ETF holdings comparison
Invesco QQQ Trust (QQQ) · Schwab U.S. Large-Cap Growth ETF (SCHG)
QQQ and SCHG overlap by 59.8% by portfolio weight. The remaining 40.2 percentage points are not counted as shared holdings weight by this calculation. They share 48 stocks; the largest shared position is NVIDIA Corp. (NVDA), contributing 8.68% to the overlap.
The holdings dates differ. This can slightly understate overlap for funds tracking similar indexes.
What this means
QQQ and SCHG share a material portion of their portfolio weight in the same underlying stocks. OverlapCheck labels this "moderate holdings overlap" using house ranges of 70% or more, 30% to under 70%, and under 30%. These descriptive ranges are not industry standards or investment guidance. Holdings overlap does not measure correlation, volatility, geographic or factor exposure, fees, or suitability.
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.
This comparison covers normalized equity positions represented in the dataset. Cash, derivatives, options, structured notes, and other non-equity assets are not included, so the result is not a complete comparison of every asset or risk in either fund.
Top shared holdings
| Company | Ticker | in QQQ | in SCHG |
|---|---|---|---|
| NVIDIA Corp. | NVDA | 8.68% | 11.01% |
| Apple Inc. | AAPL | 7.63% | 9.83% |
| Microsoft Corp. | MSFT | 5.63% | 7.17% |
| Amazon.com, Inc. | AMZN | 4.58% | 5.67% |
| Tesla, Inc. | TSLA | 3.80% | 3.91% |
| Meta Platforms, Inc. | META | 3.46% | 3.45% |
| Alphabet Inc. | GOOGL | 3.43% | 4.75% |
| Alphabet Inc. | GOOG | 3.20% | 3.78% |
| Broadcom Inc. | AVGO | 3.01% | 4.55% |
| Advanced Micro Devices, Inc. | AMD | 1.88% | 2.93% |
Holdings only in QQQ or SCHG
QQQ has 53 fund-only positions representing approximately 31.7 percentage points of reported exposure; SCHG has 145 fund-only positions representing approximately 28.1 percentage points of reported exposure. These are positions whose normalized security identifiers appear in one issuer file but not the other.
Largest positions only in QQQ
| Company | Ticker | Weight |
|---|---|---|
| Walmart Inc. | WMT | 3.43% |
| Micron Technology, Inc. | MU | 2.15% |
| Cisco Systems, Inc. | CSCO | 1.73% |
| Applied Materials, Inc. | AMAT | 1.53% |
| Lam Research Corp. | LRCX | 1.51% |
| Intel Corp. | INTC | 1.25% |
| PepsiCo, Inc. | PEP | 1.20% |
| Amgen Inc. | AMGN | 1.07% |
| Texas Instruments Inc. | TXN | 1.00% |
| Gilead Sciences, Inc. | GILD | 0.98% |
Largest positions only in SCHG
| Company | Ticker | Weight |
|---|---|---|
| Eli Lilly & Co | LLY | 3.05% |
| Visa Inc | V | 1.92% |
| Mastercard Inc | MA | 1.40% |
| UnitedHealth Group Inc | UNH | 1.20% |
| General Electric Co | GE | 1.18% |
| GE Vernova Inc | GEV | 0.91% |
| Thermo Fisher Scientific Inc | TMO | 0.65% |
| Walt Disney Co/The | DIS | 0.63% |
| Salesforce Inc | CRM | 0.62% |
| Arista Networks Inc | ANET | 0.57% |
FAQ
How much do QQQ and SCHG overlap?
QQQ and SCHG have 59.8% overlap by weight, sharing 48 equity positions (out of 101 in QQQ and 193 in SCHG). The official holdings files used are dated 2026-03-31 for QQQ and 2026-05-31 for SCHG.
What does 59.8% overlap mean?
QQQ and SCHG share a material portion of their portfolio weight in the same underlying stocks. OverlapCheck labels this "moderate holdings overlap" using house ranges of 70% or more, 30% to under 70%, and under 30%. These descriptive ranges are not industry standards or investment guidance. Holdings overlap does not measure correlation, volatility, geographic or factor exposure, fees, or suitability.
Which stocks do QQQ and SCHG both hold?
The largest shared positions are NVIDIA Corp., Apple Inc., Microsoft Corp., Amazon.com, Inc., Tesla, Inc.. The top shared holdings with weights in each fund are shown on this page.
What holdings are different between QQQ and SCHG?
QQQ has 53 positions not found in SCHG, while SCHG has 145 positions not found in QQQ. The largest fund-only positions and their weights are shown on this page.