ONEQ vs QQQM overlap - what they share and where they differ
ONEQ and QQQM share 70.5% of their weight across 97 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.
ONEQ and QQQM
70.5%
97 shared positions
ONEQ
Fidelity Nasdaq Composite Index ETF
Reported positions cover 99% of the fund, 992 positions · May 31, 2026
Top 10: 59.6%·Holdings of ONEQ
QQQM
Invesco NASDAQ 100 ETF
Reported positions cover 100% of the fund, 100 positions · May 31, 2026
Top 10: 50.3%·Holdings of QQQM
Reported positions cover ONEQ 99%, QQQM 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
QQQM vs ONEQ side by side
ONEQFidelity Nasdaq Composite Index ETF
992
stock positions reported to the SEC
15.6% of its weight is in 895 names QQQM does not hold
QQQMInvesco NASDAQ 100 ETF
100
stock positions reported to the SEC
1.5% of its weight is in 3 names ONEQ does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Communication Services: QQQM has 3.1 points more of it.
The figures side by side
| ONEQ | QQQM | |
|---|---|---|
| Filing date | May 31, 2026 | May 31, 2026 |
| Stock positions reported | 992 | 100 |
| Weight of the ten largest | 59.6% | 50.3% |
| Largest position | NVDA 11.2% | NVDA 8.1% |
| Held alone | 895 positions, 15.6% | 3 positions, 1.5% |
| Covered by stock positions | 99% | 100% |
Holdings they share
| Stock | In ONEQ | In QQQM | Counted |
|---|---|---|---|
| NVDANVIDIA CORP | 11.18% | 8.13% | 8.13% |
| AAPLAPPLE INC | 9.98% | 7.26% | 7.26% |
| GOOGLALPHABET INC | 9.29% | 6.75% | 6.75% |
| MSFTMICROSOFT CORP | 7.29% | 5.30% | 5.30% |
| AMZNAMAZON.COM INC | 6.33% | 4.60% | 4.60% |
| TSLATESLA INC | 3.56% | 3.45% | 3.45% |
| AVGOBROADCOM INC | 4.61% | 3.36% | 3.36% |
| METAMETA PLATFORMS INC | 3.01% | 2.96% | 2.96% |
| MUMICRON TECHNOLOGY INC | 2.37% | 4.78% | 2.37% |
| WMTWALMART INC | 2.01% | 2.47% | 2.01% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in ONEQ
Only in QQQM
Questions people ask
Is ONEQ the same as QQQM?
70.5% of their weight sits in the same 97 holdings. ONEQ also reports SANDISK CORP/DE, EQIX, CME, which the other does not. QQQM also reports SNDK, ARM HOLDINGS PLC, TTWO, which the other does not.
How is the overlap between ONEQ and QQQM measured?
For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 99% of ONEQ and 100% of QQQM, so the number cannot exceed the smaller coverage.
Which holds more, QQQM or ONEQ?
ONEQ reports 992 stock positions and QQQM reports 100. 15.6% of ONEQ's weight sits in names QQQM does not hold, and 1.5% of QQQM's weight in names ONEQ does not hold. The ten largest positions are 59.6% of ONEQ and 50.3% of QQQM.
How do ONEQ and QQQM differ by sector?
The widest gap is Communication Services: QQQM has 3.1 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.
Other pairs with these funds
QQQM against other funds in the table
Add a third fund in the tool·All fund pairs
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.