ETF and Mutual Fund Analysis

Holdings as of May 31, 2026 (FXAIX) and March 31, 2026 (QQQ)

ETF and Mutual Fund Analysis

Overlap, Comparison, and Diversification for Your Portfolio

Home > Compare > FXAIX vs QQQ Holdings as of May 31, 2026 (FXAIX) and March 31, 2026 (QQQ)

FXAIX vs QQQ: Portfolio Overlap

Fidelity 500 Index Fund vs Invesco QQQ Trust, Series 1

54.4%
Weighted portfolio overlap
High Overlap

The two funds are running highly redundant strategies — the same market exposure is paid for through two expense ratios.

FXAIX
503 equity holdings
as of May 31, 2026
QQQ
101 equity holdings
as of March 31, 2026
84 stocks held in common
Overlap View Venn Diagram
54.4% OVERLAP FXAIX QQQ
Overlapping Holdings
10 Top 10 of 84 shared, by overlap contribution
# Stock FXAIX QQQ Overlap%
1
NVDA
 7.90% 8.69% 7.90%
2
AAPL
 7.05% 7.64% 7.05%
3
MSFT
 5.15% 5.64% 5.15%
4
AMZN
 4.07% 4.59% 4.07%
5
GOOGL
 3.41% 3.43% 3.41%
6
AVGO
 3.26% 3.01% 3.01%
7
GOOG
 2.71% 3.20% 2.71%
8
META
 2.13% 3.46% 2.13%
9
TSLA
 1.89% 3.81% 1.89%
10
MU
 1.68% 2.15% 1.68%
Most Divergent Holdings Stocks held by one fund but absent from the other
Only in FXAIX — Fidelity 500 Index Fund
StockWeight
LLY1.35%
BRK.B1.34%
JPM1.24%
XOM0.93%
JNJ0.84%
Only in QQQ — Invesco QQQ Trust, Series 1
StockWeight
LIN1.30%
SHOP0.82%
ASML0.66%
MELI0.50%
MRVL0.49%

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

FXAIX (Fidelity 500 Index Fund) and QQQ (Invesco QQQ Trust, Series 1) share 54.4% portfolio overlap as of FXAIX's May 31, 2026 filing and QQQ's March 31, 2026 filing, across 84 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 FXAIX and QQQ invest in the same stocks?

Largely yes. A substantial portion of both portfolios consists of the same stocks, leaving limited room for differentiation.

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

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

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