CQQQ vs SCHE overlap - what they share and where they differ
CQQQ and SCHE share 7.4% of their weight across 159 common positions, read from what each fund reported to the SEC.
Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.
CQQQ and SCHE
7.4%
159 shared positions
CQQQ
Invesco China Technology ETF
Reported positions cover 100% of the fund, 170 positions · Jul 31, 2026
Top 10: 59.2%·Holdings of CQQQ
SCHE
Schwab Emerging Markets Equity ETF
Reported positions cover 98% of the fund, 2,004 positions · May 31, 2026
Top 10: 30.4%·Holdings of SCHE
Reported positions cover CQQQ 100%, SCHE 98% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
SCHE vs CQQQ side by side
CQQQInvesco China Technology ETF
170
stock positions reported to the SEC
5.4% of its weight is in 11 names SCHE does not hold
SCHESchwab Emerging Markets Equity ETF
2,004
stock positions reported to the SEC
90.8% of its weight is in 1,845 names CQQQ does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: CQQQ has 3.0 points more of it.
The figures side by side
| CQQQ | SCHE | |
|---|---|---|
| Filing date | Jul 31, 2026 | May 31, 2026 |
| Stock positions reported | 170 | 2,004 |
| Weight of the ten largest | 59.2% | 30.4% |
| Largest position | MEITUAN 12.2% | TSM 17.1% |
| Held alone | 11 positions, 5.4% | 1,845 positions, 90.8% |
| Covered by stock positions | 100% | 98% |
Holdings they share
| Stock | In CQQQ | In SCHE | Counted |
|---|---|---|---|
| TENCENT HOLDINGS LIMITEDTencent Holdings Ltd. | 10.58% | 3.15% | 3.15% |
| PDDPDD Holdings Inc. | 11.12% | 0.60% | 0.60% |
| SUGPSuzhou Anjie Technology Co., Ltd. | 2.72% | 0.58% | 0.58% |
| MEITUAN | 12.17% | 0.46% | 0.46% |
| BIDUBaidu, Inc. | 8.39% | 0.33% | 0.33% |
| INHDInnoScience (Suzhou) Technology Holding Co., Ltd. | 0.42% | 0.30% | 0.30% |
| KUAISHOU TECHNOLOGY | 4.91% | 0.15% | 0.15% |
| EVEXEverdisplay Optronics (Shanghai) Co., Ltd. | 0.10% | 0.10% | 0.10% |
| CAMBRICON TECHNOLOGIES CORP LTDCambricon Technologies Corp. Ltd. | 2.04% | 0.08% | 0.08% |
| HYGON INFORMATION TECHNOLOGY CO LTDHygon Information Technology Co., Ltd. | 1.90% | 0.07% | 0.07% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in CQQQ
Only in SCHE
Questions people ask
Is CQQQ the same as SCHE?
7.4% of their weight sits in the same 159 holdings. CQQQ also reports HUA HONG GRACE SEMICONDUCTOR LIMITED, ADVANCED MICRO-FABRICATION EQUIPMENT INC, SHANGHAI ILUVATAR COREX SEMICONDUCTOR CO LTD, which the other does not. SCHE also reports TSM, BABA, MEDIATEK INC., which the other does not.
How is the overlap between CQQQ and SCHE measured?
For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 100% of CQQQ and 98% of SCHE, so the number cannot exceed the smaller coverage.
Which holds more, SCHE or CQQQ?
CQQQ reports 170 stock positions and SCHE reports 2,004. 5.4% of CQQQ's weight sits in names SCHE does not hold, and 90.8% of SCHE's weight in names CQQQ does not hold. The ten largest positions are 59.2% of CQQQ and 30.4% of SCHE.
How do CQQQ and SCHE differ by sector?
The widest gap is Technology: CQQQ has 3.0 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.
Where do the numbers come from?
From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.
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Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.