SCHD vs QQQ: ETF Overlap
Schwab U.S. Dividend Equity ETF vs Invesco QQQ Trust — shared top holdings, sector duplication, and what makes each fund different.
Data as of November 11, 2026
About 5% of SCHD's and QQQ's money sits in the same companies: 8 companies are in both
Every holding from each fund's SEC Form N-PORT filing: SCHD as of August 31, 2026, QQQ as of June 30, 2026.
The funds report on different dates, so the figure is approximate: two funds with the same holdings can read several points lower than they would on one date.
The largest holdings they share
| Company | Weight in SCHD | Weight in QQQ |
|---|---|---|
| Texas Instruments | 3.1% | 1.2% |
| Amgen | 4.7% | 0.8% |
| Qualcomm | 2.5% | 0.8% |
| PepsiCo | 3.6% | 0.8% |
| Automatic Data Processing | 2.8% | 0.4% |
| Comcast | 2.3% | 0.4% |
| Fastenal | 1.4% | 0.2% |
| Paychex | 1% | 0.2% |
Yearly fee on $10,000
Where they differ
- Tech
- Financials
- Communication
- Consumer
- Health
- Other
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What's different between SCHD and QQQ?
The largest SCHD positions missing from QQQ's disclosed top holdings are TXN, COP, CVX. In the other direction, QQQ's largest positions not in SCHD's top list are AAPL, NVDA, MSFT. Disclosed lists cover 41.3% of SCHD and 46.5% of QQQ; the sector table below compares the funds on complete data.
What does this overlap mean?
About 5% overlap by weight is low. These funds cover largely different markets or styles — combining them genuinely diversifies your portfolio.
Sector breakdown: SCHD vs QQQ
| Sector | SCHD | QQQ | Overlap |
|---|---|---|---|
| Technology | 16.2% | 58% | 16.2% |
| Consumer Staples | 19.8% | 6.8% | 6.8% |
| Health Care | 18.7% | 4.8% | 4.8% |
| Energy | 16.4% | 0.5% | 0.5% |
| Communication Services | 5.5% | 11.1% | 5.5% |
| Consumer Discretionary | 6.8% | 11% | 6.8% |
| Financial Services | 8.8% | 0.2% | 0.2% |
| Industrials | 7.7% | 5.3% | 5.3% |
| Utilities | 0.1% | 1.2% | 0.1% |
| Materials | 0% | 1.1% | 0% |
| Real Estate | 0% | 0% | 0% |
How we calculate it
The headline sums min(weight in fund A, weight in fund B) over every holding the two funds own, read from each fund's latest SEC Form N-PORT filing, with the share classes of one company counted once. The sector table uses each fund's sector allocation, and the top-holdings comparison each fund's disclosed largest positions.
Re-run this comparison live
Fund holdings change over time. Open SCHD vs QQQ in the interactive ETF overlap calculator for a fresh comparison — or swap in any other tickers.
Data & methodology disclaimer
This tool is for education, not investment advice. Holdings and sector data come from public market-data feeds, reflect each fund's most recently disclosed top positions, and can lag the fund's actual portfolio. Overlap computed from disclosed top holdings is a lower bound. Always verify against the fund provider's official holdings file before making decisions.
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