ETF and Mutual Fund Analysis

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

ETF and Mutual Fund Analysis

Overlap, Comparison, and Diversification for Your Portfolio

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

QQQ vs SWPPX: Portfolio Overlap

Invesco QQQ Trust, Series 1 vs Schwab S&P 500 Index Fund

52.4%
Weighted portfolio overlap
High Overlap

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

QQQ
101 equity holdings
as of March 31, 2026
SWPPX
501 equity holdings
as of April 30, 2026
84 stocks held in common
Overlap View Venn Diagram
52.4% OVERLAP QQQ SWPPX
Overlapping Holdings
10 Top 10 of 84 shared, by overlap contribution
# Stock QQQ SWPPX Overlap%
1
NVDA
 8.69% 7.85% 7.85%
2
AAPL
 7.64% 6.45% 6.45%
3
MSFT
 5.64% 4.90% 4.90%
4
AMZN
 4.59% 4.19% 4.19%
5
GOOGL
 3.43% 3.63% 3.43%
6
AVGO
 3.01% 3.21% 3.01%
7
GOOG
 3.20% 2.89% 2.89%
8
META
 3.46% 2.17% 2.17%
9
TSLA
 3.81% 1.74% 1.74%
10
MU
 2.15% 0.94% 0.94%
Most Divergent Holdings Stocks held by one fund but absent from the other
Only in QQQ — Invesco QQQ Trust, Series 1
StockWeight
LIN1.30%
SHOP0.82%
ASML0.66%
MELI0.50%
MRVL0.49%
Only in SWPPX — Schwab S&P 500 Index Fund
StockWeight
BRK.B1.41%
JPM1.37%
LLY1.20%
XOM1.04%
JNJ0.90%

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

QQQ (Invesco QQQ Trust, Series 1) and SWPPX (Schwab S&P 500 Index Fund) share 52.4% portfolio overlap as of QQQ's March 31, 2026 filing and SWPPX's April 30, 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 QQQ and SWPPX 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 QQQ and SWPPX?

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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