ETF and Mutual Fund Analysis

Holdings as of May 31, 2026 (QQQM) and April 30, 2026 (SWPPX)

ETF and Mutual Fund Analysis

Overlap, Comparison, and Diversification for Your Portfolio

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

QQQM vs SWPPX: Portfolio Overlap

Invesco NASDAQ 100 ETF vs Schwab S&P 500 Index Fund

53.0%
Weighted portfolio overlap
High Overlap

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

QQQM
101 equity holdings
as of May 31, 2026
SWPPX
501 equity holdings
as of April 30, 2026
85 stocks held in common
Overlap View Venn Diagram
53.0% OVERLAP QQQM SWPPX
Overlapping Holdings
10 Top 10 of 85 shared, by overlap contribution
# Stock QQQM SWPPX Overlap%
1
NVDA
 8.16% 7.85% 7.85%
2
AAPL
 7.29% 6.45% 6.45%
3
MSFT
 5.32% 4.90% 4.90%
4
AMZN
 4.62% 4.19% 4.19%
5
GOOGL
 3.52% 3.63% 3.52%
6
AVGO
 3.37% 3.21% 3.21%
7
GOOG
 3.26% 2.89% 2.89%
8
META
 2.97% 2.17% 2.17%
9
TSLA
 3.46% 1.74% 1.74%
10
MU
 4.80% 0.94% 0.94%
Most Divergent Holdings Stocks held by one fund but absent from the other
Only in QQQM — Invesco NASDAQ 100 ETF
StockWeight
LIN1.01%
STX0.84%
MRVL0.78%
SHOP0.64%
ASML0.62%
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 QQQM and SWPPX?

QQQM (Invesco NASDAQ 100 ETF) and SWPPX (Schwab S&P 500 Index Fund) share 53.0% portfolio overlap as of QQQM's May 31, 2026 filing and SWPPX's April 30, 2026 filing, 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 QQQM 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 QQQM 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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