Guardfolio Research · ETF Overlap
QQQM vs SCHD Overlap: 5.1% of Weight in Shared Holdings
QQQM (Invesco Nasdaq-100) and SCHD (Schwab US Dividend Equity) overlap by 5.1% of normalized weight through 8 shared securities, led by TXN, AMGN, PEP, QCOM, ADP. Here is which positions contribute most and what the result can and cannot say about diversification.
Overlap Summary
Bottom line
QQQM and SCHD barely overlap: only 5.1% of normalized weight across 8 shared securities. For most purposes these behave as distinct exposures..
The Data
Exactly which securities QQQM and SCHD share
The table below shows the largest contributors to overlap across the licensed full holdings, with each fund's normalized weight and the lesser weight that counts toward overlap.
| Data basis | Licensed full holdings |
|---|---|
| Fund dates | QQQM 2026-08-24; SCHD 2026-08-25 |
| Coverage gate | At least 97% retained per fund |
| Holding | QQQM weight | SCHD weight | Shared (min) |
|---|---|---|---|
| Texas Instruments Inc (TXN) | 1.06% | 3.15% | 1.06% |
| Amgen Inc (AMGN) | 1.05% | 4.78% | 1.05% |
| PepsiCo Inc (PEP) | 0.87% | 3.70% | 0.87% |
| QUALCOMM Inc (QCOM) | 0.75% | 2.37% | 0.75% |
| Automatic Data Processing Inc (ADP) | 0.50% | 2.72% | 0.50% |
| Comcast Corp (CMCSA) | 0.42% | 2.32% | 0.42% |
| Fastenal Co (FAST) | 0.26% | 1.43% | 0.26% |
| Paychex Inc (PAYX) | 0.20% | 0.97% | 0.20% |
| Total full-holdings overlap | 5.1% | 21.4% | 5.1% |
The 5.1% figure uses all reported non-cash holdings and sums the lesser normalized weight for each shared security. QQQM is dated 2026-08-24 with 100.128% retained coverage; SCHD is dated 2026-08-25 with 99.982% retained coverage.
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Sector Picture
QQQM vs SCHD: sector exposure side by side
Two funds can share few holdings yet still concentrate the same sectors. Here is how the top sectors compare (38.0% combined sector overlap).
| Sector | QQQM | SCHD |
|---|---|---|
| Technology | 53.5% | 8.5% |
| Consumer Discretionary | 13.0% | 8.5% |
| Consumer Staples | 5.0% | 19.4% |
| Industrials | 4.6% | 11.7% |
| Communication Services | 12.6% | 4.5% |
| Healthcare | 4.3% | 15.9% |
The Verdict
Should you hold both QQQM and SCHD?
QQQM and SCHD barely overlap: only 5.1% of normalized weight across 8 shared securities. For most purposes these behave as distinct exposures.
FAQ
QQQM vs SCHD overlap: common questions
How much do QQQM and SCHD overlap?
QQQM (Invesco Nasdaq-100) and SCHD (Schwab US Dividend Equity) overlap by approximately 5.1% of normalized weight across their licensed full holdings. They share 8 securities; the largest contributors include TXN, AMGN, PEP, QCOM, ADP, CMCSA, FAST, PAYX. The separately dated sector reference shows 38.0% overlap.
What stocks do QQQM and SCHD both hold?
Both QQQM and SCHD hold Texas Instruments Inc (TXN), Amgen Inc (AMGN), PepsiCo Inc (PEP), QUALCOMM Inc (QCOM), Automatic Data Processing Inc (ADP), Comcast Corp (CMCSA), Fastenal Co (FAST), Paychex Inc (PAYX) among their top positions. These shared names account for the 5.1% weight overlap.
Is it worth holding both QQQM and SCHD?
QQQM and SCHD barely overlap: only 5.1% of normalized weight across 8 shared securities. For most purposes these behave as distinct exposures.
What is the difference between QQQM and SCHD?
QQQM is a large-cap growth fund (US Large-Cap Growth (Nasdaq-100), 0.15% expense ratio) and SCHD is a dividend fund (US Dividend, 0.06% expense ratio). The dataset includes 105 QQQM holdings as of 2026-08-24 and 100 SCHD holdings as of 2026-08-25.
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