ETF and Mutual Fund Analysis

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

ETF and Mutual Fund Analysis

Overlap, Comparison, and Diversification for Your Portfolio

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

QQQ vs VWELX: Portfolio Overlap

Invesco QQQ Trust, Series 1 vs Vanguard Wellington Fund

45.1%
Weighted portfolio overlap
Moderate Overlap

Moderate Overlap. A recognisable amount of shared weight, common among funds drawing on the same large-cap pool. Much of it typically sits in the top conviction holdings.

QQQ
101 equity holdings
as of March 31, 2026
VWELX
82 equity holdings
as of May 31, 2026
21 stocks held in common
Overlap View Venn Diagram
45.1% OVERLAP QQQ VWELX
Overlapping Holdings
10 Top 10 of 21 shared, by overlap contribution
# Stock QQQ VWELX Overlap%
1
NVDA
 8.69% 7.89% 7.89%
2
AAPL
 7.64% 6.29% 6.29%
3
MSFT
 5.64% 5.77% 5.64%
4
AMZN
 4.59% 5.30% 4.59%
5
GOOGL
 3.43% 7.36% 3.43%
6
AVGO
 3.01% 4.16% 3.01%
7
META
 3.46% 2.59% 2.59%
8
AMD
 1.88% 1.77% 1.77%
9
MU
 2.15% 1.69% 1.69%
10
INTC
 1.25% 1.43% 1.25%
Most Divergent Holdings Stocks held by one fund but absent from the other
Only in QQQ — Invesco QQQ Trust, Series 1
StockWeight
WMT3.44%
GOOG3.20%
COST2.50%
PLTR1.90%
CSCO1.74%
Only in VWELX — VANGUARD WELLINGTON FUND
StockWeight
BLK2.11%
LLY1.88%
MA1.52%
MRK1.45%
UBS Group AG1.39%

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

QQQ (Invesco QQQ Trust, Series 1) and VWELX (Vanguard Wellington Fund) share 45.1% portfolio overlap as of QQQ's March 31, 2026 filing and VWELX's May 31, 2026 filing, across 21 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 VWELX invest in the same stocks?

Somewhat. The two funds share a meaningful set of stocks, though each also holds distinct positions the other does not.

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

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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