ETF and Mutual Fund Analysis

Holdings as of April 30, 2026 (CNWAX) and March 31, 2026 (QQQ)

ETF and Mutual Fund Analysis

Overlap, Comparison, and Diversification for Your Portfolio

Home > Compare > CNWAX vs QQQ Holdings as of April 30, 2026 (CNWAX) and March 31, 2026 (QQQ)

CNWAX vs QQQ: Portfolio Overlap

New World Fund Inc vs Invesco QQQ Trust, Series 1

10.4%
Weighted portfolio overlap
Low Overlap

Low Overlap. The two portfolios have highly distinct allocations: little of the weight sits in the same stocks.

CNWAX
408 equity holdings
as of April 30, 2026
QQQ
101 equity holdings
as of March 31, 2026
25 stocks held in common
Overlap View Venn Diagram
10.4% OVERLAP CNWAX QQQ
Overlapping Holdings
10 Top 10 of 25 shared, by overlap contribution
# Stock CNWAX QQQ Overlap%
1
AVGO
 2.21% 3.01% 2.21%
2
NVDA
 1.52% 8.69% 1.52%
3
MSFT
 1.17% 5.64% 1.17%
4
GOOGL
 1.03% 3.43% 1.03%
5
META
 0.93% 3.46% 0.93%
6
GOOG
 0.76% 3.20% 0.76%
7
KLAC
 0.61% 1.09% 0.61%
8
MELI
 1.48% 0.50% 0.50%
9
ASML
 0.23% 0.66% 0.23%
10
AAPL
 0.23% 7.64% 0.23%
Most Divergent Holdings Stocks held by one fund but absent from the other
Only in CNWAX — New World Fund Inc
StockWeight
Taiwan Semiconductor Manufacturing Co Ltd10.33%
SK hynix Inc4.85%
Tencent Holdings Ltd2.32%
Samsung Electronics Co Ltd1.94%
International Container Terminal Services Inc.1.18%
Only in QQQ — Invesco QQQ Trust, Series 1
StockWeight
AMZN4.59%
COST2.50%
PLTR1.90%
AMD1.88%
CSCO1.74%

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Frequently Asked Questions (FAQs)
What is the portfolio overlap between CNWAX and QQQ?

CNWAX (New World Fund Inc) and QQQ (Invesco QQQ Trust, Series 1) share 10.4% portfolio overlap as of CNWAX's April 30, 2026 filing and QQQ's March 31, 2026 filing, across 25 common stocks. Overlap is the sum of the smaller weight of each shared stock, so it reads as the share of a dollar that lands on the same companies in both funds.

Do CNWAX and QQQ invest in the same stocks?

Mostly not. Only a small portion of their portfolios overlaps — these funds hold largely different stocks and genuinely diversify each other.

What are the top stocks held by both CNWAX and QQQ?

The most prominent shared holdings (by combined weight) are: AVGO, NVDA, MSFT. See the full common-holdings table on this page for weights in each fund.

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