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ETF comparison

QQQ vs QUAL

US Large Cap Growth vs Quality Factor.

Invesco QQQ Trust · iShares MSCI USA Quality Factor ETF

Holdings overlap

Weighted by ISIN/CUSIP
40.9 %

35 positions appear in both funds. Buying equal dollars of QQQ and QUAL would leave roughly 40.9% of each dollar exposed to the same underlying securities.

QQQ unmatched 59.1% Shared 40.9% QUAL unmatched 59.0%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In QQQ only
67 positions
Shared
35 positions
In QUAL only
90 positions

Side by side

QQQ

Invesco QQQ Trust

Invesco · US Large Cap Growth

83 composite / 100
Expense ratio
0.18%
Net assets
$498.95B
TTM yield
0.44%
Top-10 conc.
45.0%
QUAL

iShares MSCI USA Quality Factor ETF

iShares · Quality Factor

84 composite / 100
Expense ratio
0.15%
Net assets
$47.68B
TTM yield
0.85%
Top-10 conc.
43.2%

Sub-score comparison

82
Cost
85
90
Tax efficiency
86
100
Liquidity
100
50
Concentration
53
—
Tracking quality
—
QQQ sub-score QUAL

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

QUAL is 3 bps cheaper than QQQ. On a $100,000 position that's about $30/yr more in fees for QQQ.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with QQQ vs QUAL.

Top shared holdings

35 shared in total
# Holding In QQQ In QUAL Overlap
1 Apple Inc. 6.67% 6.64% 6.64%
2 NVIDIA Corp. 7.60% 5.85% 5.85%
3 Microsoft Corp. 4.35% 7.16% 4.35%
4 Meta Platforms, Inc. 2.62% 3.69% 2.62%
5 Applied Materials, Inc. 2.49% 3.10% 2.49%
6 Lam Research Corp. 2.35% 3.49% 2.35%
7 Alphabet Inc. 3.27% 2.05% 2.05%
8 KLA Corp. 1.71% 2.47% 1.71%
9 Alphabet Inc. 3.02% 1.63% 1.63%
10 Netflix, Inc. 1.30% 1.71% 1.30%
11 Costco Wholesale Corp. 1.80% 1.11% 1.11%
12 Linde PLC 1.04% 1.01% 1.01%

Only in QQQ

67 total
  • Micron Technology, Inc. 5.64%
  • Advanced Micro Devices, Inc. 4.10%
  • Amazon.com, Inc. 4.02%
  • Tesla, Inc. 3.30%
  • Intel Corp. 3.04%
  • Broadcom Inc. 2.81%
  • Cisco Systems, Inc. 2.01%
  • Sandisk Corp. 1.46%
  • Palo Alto Networks, Inc. 1.21%
  • Texas Instruments Inc. 1.17%

Only in QUAL

90 total
  • THE TJX COMPANIES, INC. 3.98%
  • ELI LILLY AND COMPANY 3.66%
  • VISA INC. 3.17%
  • MASTERCARD INCORPORATED 2.28%
  • EXXONMOBIL HOLDINGS CORPORATION 2.18%
  • JOHNSON & JOHNSON 2.06%
  • BERKSHIRE HATHAWAY INC. 1.84%
  • ARISTA NETWORKS, INC. 1.38%
  • MERCK & CO., INC. 1.25%
  • CHIPOTLE MEXICAN GRILL, INC. 0.98%

Percentages are holdings overlap with the named fund.

Open QQQ or QUAL at a brokerage

Both funds trade commission-free at major US brokerages.

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.