ETF and Mutual Fund Analysis

Holdings as of May 31, 2026

ETF and Mutual Fund Analysis

Overlap, Comparison, and Diversification for Your Portfolio

Home > Compare > FXAIX vs QQQM Holdings as of May 31, 2026

FXAIX vs QQQM: Portfolio Overlap

Fidelity 500 Index Fund vs Invesco NASDAQ 100 ETF

55.1%
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
QQQM
101 equity holdings
as of May 31, 2026
85 stocks held in common
Overlap View Venn Diagram
55.1% OVERLAP FXAIX QQQM
Overlapping Holdings
10 Top 10 of 85 shared, by overlap contribution
# Stock FXAIX QQQM Overlap%
1
NVDA
 7.90% 8.16% 7.90%
2
AAPL
 7.05% 7.29% 7.05%
3
MSFT
 5.15% 5.32% 5.15%
4
AMZN
 4.07% 4.62% 4.07%
5
GOOGL
 3.41% 3.52% 3.41%
6
AVGO
 3.26% 3.37% 3.26%
7
GOOG
 2.71% 3.26% 2.71%
8
META
 2.13% 2.97% 2.13%
9
TSLA
 1.89% 3.46% 1.89%
10
MU
 1.68% 4.80% 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 QQQM — Invesco NASDAQ 100 ETF
StockWeight
LIN1.01%
STX0.84%
MRVL0.78%
SHOP0.64%
ASML0.62%

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

FXAIX (Fidelity 500 Index Fund) and QQQM (Invesco NASDAQ 100 ETF) share 55.1% portfolio overlap as of their May 31, 2026 filings, across 85 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 QQQM 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 QQQM?

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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