QQQM vs SCHG
QQQM and SCHG overlap by 58.8% of their weight, in the 48 companies both hold, by QQQM's issuer file of 2026-10-26 and SCHG's SEC Form N-PORT for the period ended 2026-08-31.
Invesco Nasdaq 100 ETF against Schwab U.S. Large-Cap Growth ETF.
The short answer
Two growth funds that agree on 48 companies and disagree on the rest: 64.5% of QQQM is in SCHG and 67.7% of SCHG is in QQQM. Over three years QQQM returned 101.0% against 92.9%.
The two funds
- Last close, 2026-10-28
- $298.71 +0.59%
- Cost per year
- 0.15%
- Return, 1 year
- 15.9%higher
- Return, 3 years
- 101.0%higher
- Worst fall, 3 years
- -21.2%shallower
- Volatility
- 19.2%
- Positions
- 101
- Top 10 weight
- 46.6%
- Last close, 2026-10-28
- $35.62 +0.34%
- Cost per year
- 0.04%cheaper
- Return, 1 year
- 7.2%
- Return, 3 years
- 92.9%
- Worst fall, 3 years
- -21.9%
- Volatility
- 18.6%calmer
- Positions
- 192
- Top 10 weight
- 51.0%
QQQM and SCHG, prices through 2026-10-28. How the badges are decided.
Holdings overlap
48 companies sit in both funds. That is 64.5% of QQQM's own weight and 67.7% of SCHG's.
Side by side
QQQM from its issuer file of 26 Oct 2026, SCHG from its SEC Form N-PORT for the period ended 31 Aug 2026
What the numbers say
An exchange rule against a growth rule
QQQM holds whatever is large on the Nasdaq and not a financial, 101 positions. SCHG holds the growth half of the Dow Jones US large-cap universe, 192 positions, listed anywhere. Nvidia, Apple, Microsoft, Amazon, Alphabet and Meta are in both and sit near the top of both, which is why the overlap reaches 58.8% of weight from only 48 shared companies.
Micron Technology on one side, Eli Lilly on the other
Micron Technology is QQQM's largest position that SCHG does not hold, and Space Exploration Techn, Walmart, Intel and Cisco come next, all of them Nasdaq listings, which is all QQQM holds. Eli Lilly, Visa, Mastercard, UnitedHealth Group and GE Aerospace go the other way: SCHG holds them and QQQM, which takes only Nasdaq listings, does not. The unshared weight is 35.5% of QQQM and 32.3% of SCHG.
Where the returns part
Over three years QQQM returned 101.0% against 92.9%, and over five 88.2% against 76.9%; over the past year the gap was wider, 15.9% against 7.2%. Volatility was 19.2% against 18.6% and the worst falls -21.2% against -21.9%, close enough to call the risk the same.
How much they move together
Weekly returns correlated at 0.98 over five years, 0.96 over three and 0.91 over the past year, the last a little looser as the unshared names diverged. SCHG's top ten hold 51.0% against 46.6% for QQQM. Holding both stacks the six names that lead both funds, and spreads the remainder across 245 companies.
Where they hold the same companies
| Measure | Value |
|---|---|
| Overlap by weight | 58.8% |
| Share of QQQM held in common with SCHG | 64.5% |
| Share of SCHG held in common with QQQM | 67.7% |
| Companies in both | 48 |
| Positions in QQQM / SCHG | 101 / 192 |
QQQM holdings as published 2026-10-26; SCHG holdings from its SEC Form N-PORT for the period ended 2026-08-31, filed 2026-10-27.
Largest positions held by both
| Rank | Company | In QQQM | In SCHG | Weight in each | Overlap |
|---|---|---|---|---|---|
| 1 | NVDA Nvidia | 8.2% | 10.67% | 8.2% | |
| 2 | AAPL Apple | 7.91% | 9.29% | 7.91% | |
| 3 | MSFT Microsoft | 6.23% | 7.52% | 6.23% | |
| 4 | AMZN Amazon | 4.23% | 5.07% | 4.23% | |
| 5 | GOOGL Alphabet Class A | 2.93% | 3.97% | 2.93% | |
| 6 | GOOG Alphabet Class C | 2.74% | 3.16% | 2.74% | |
| 7 | META Meta Platforms | 2.95% | 2.51% | 2.51% | |
| 8 | AVGO Broadcom | 2.47% | 3.5% | 2.47% | |
| 9 | TSLA Tesla | 3.24% | 2.37% | 2.37% | |
| 10 | AMD Advanced Micro Devices | 3.77% | 2.37% | 2.37% | |
| 11 | PLTR Palantir Technologies | 1.99% | 1.65% | 1.65% | |
| 12 | COST Costco | 1.94% | 1.61% | 1.61% | |
| 13 | PANW Palo Alto Networks | 1.38% | 1.19% | 1.19% | |
| 14 | NFLX Netflix | 1.16% | 1.31% | 1.16% | |
| 15 | CRWD CrowdStrike | 1.17% | 0.91% | 0.91% |
Held by only one of them
| In QQQM only | Weight | In SCHG only | Weight |
|---|---|---|---|
| MU Micron Technology | 4.44% | LLY Eli Lilly | 2.93% |
| SPCX Space Exploration Technologies Corp | 2.74% | V Visa | 2.43% |
| WMT Walmart | 2.54% | MA Mastercard | 1.83% |
| INTC Intel | 2.07% | UNH UnitedHealth Group | 1.36% |
| CSCO Cisco | 1.89% | GE GE Aerospace | 1.35% |
| AMAT Applied Materials | 1.34% | GEV GE Vernova | 0.93% |
| LRCX Lam Research | 1.29% | TMO Thermo Fisher Scientific | 0.88% |
| TXN Texas Instruments | 1.18% | CRM Salesforce | 0.81% |
| AMGN Amgen | 1.05% | ANET Arista Networks | 0.78% |
| MRVL Marvell Technology | 0.89% | DIS Walt Disney | 0.72% |
Covariance and correlation
Covariance, annualised (%2)
| QQQM | SCHG | |
|---|---|---|
| QQQM | 369 | 345.6 |
| SCHG | 345.6 | 346 |
Percent squared per year, three years of weekly returns
Correlation, 3 years
| QQQM | SCHG | |
|---|---|---|
| QQQM | 1.00 | 0.96almost always in step |
| SCHG | 0.96almost always in step | 1.00 |
Weekly total returns, what the bands mean
Check it: 345.6 divided by (19.2 × 18.6) is 0.97, the correlation in the second matrix.
One year, side by side
Cost, returns and risk
| Measure | QQQM | SCHG |
|---|---|---|
| Expense ratio | 0.15% | 0.04% |
| Dividend yield | 0.43% | n/a |
| Total return, 1 year | 15.9% | 7.2% |
| Total return, 3 years cumulative | 101.0% | 92.9% |
| Total return, 5 years cumulative | 88.2% | 76.9% |
| Volatility, annualised on 3 years of weekly returns | 19.2% | 18.6% |
| Worst fall in 3 years, peak to trough, weekly closes | -21.2% | -21.9% |
| Beta against the S&P 500 | 1.31 | 1.28 |
| Positions held | 101 | 192 |
| Weight in the ten largest positions | 46.6% | 51.0% |
| Weight in the single largest position | 8.2% | 10.7% |
| Assets | $109.8B | n/a |
Prices through 2026-10-28. The positions and the weights of the largest positions are from QQQM's issuer file of 2026-10-26 and SCHG's SEC Form N-PORT for the period ended 2026-08-31.
Year by year
| Year | QQQM | SCHG |
|---|---|---|
| 2026 | 18.5% | 9.6% |
| 2025 | 20.9% | 17.5% |
| 2024 | 25.7% | 35.0% |
| 2023 | 55.0% | 50.1% |
| 2022 | -32.5% | -31.8% |
Do they move together
| Window | Correlation of weekly returns |
|---|---|
| 1 year | 0.91 |
| 3 years | 0.96 |
| 5 years | 0.98 |
Where to go next
- QQQM, the full page: every holding, and what else it duplicates
- SCHG, the full page
- RSP vs SPY
- SCHD vs VYM
- SCHG vs VUG
- Run the x-ray on your whole portfolio, this pair included
- Check any other pair in the overlap calculator
How these numbers are produced · Ask the same questions from your assistant
Cite this page
TickerInside, QQQM vs SCHG, holdings from QQQM's issuer file of 2026-10-26, and SCHG's SEC Form N-PORT for the period ended 2026-08-31, filed 2026-10-27, https://tickerinside.com/compare/qqqm-vs-schg/, CC BY 4.0
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