SCHB vs QQQ Overlap AnalysisOverlap
Comparing Schwab U.S. Broad Market ETF and Invesco QQQ Trust
Visual Overlap
Price Performance
Historical price comparison over 3M
๐Performance Comparison
โ ๏ธRisk Metrics
Interpretation:
- ๐ Lower volatility = smoother ride
- โก Higher Sharpe/Sortino = better risk-adjusted returns
- โ ๏ธ Smaller max drawdown = less worst-case pain
- ๐ Beta > 1 = more volatile than S&P 500
โ๏ธHead-to-Head Comparison
๐ SCHB wins this comparison
Key Factors
โถAdditional Metrics (5)
Bottom line: SCHB wins with better expense ratio and number of holdings. Consider SCHB for your portfolio, but QQQ is still a solid choice if you prefer its specific advantages.
Detailed Overlap Analysis
87 shared holdings representing 45.9% portfolio overlap
Top Shared Holdings
| # | Stock | SCHB Weight | QQQ Weight | Overlap |
|---|---|---|---|---|
| 1 | NVDA NVDA | 7.17% | 8.99% | 7.17% |
| 2 | MSFT MSFT | 6.47% | 7.12% | 6.47% |
| 3 | AAPL AAPL | 5.00% | 7.94% | 5.00% |
| 4 | AMZN AMZN | 3.33% | 4.87% | 3.33% |
| 5 | META META | 2.73% | 3.85% | 2.73% |
| 6 | AVGO AVGO | 2.27% | 3.24% | 2.27% |
| 7 | GOOGL GOOGL | 1.87% | 3.58% | 1.87% |
| 8 | GOOG GOOG | 1.51% | 3.35% | 1.51% |
| 9 | TSLA TSLA | 1.43% | 4.21% | 1.43% |
| 10 | NFLX NFLX | 0.81% | 2.15% | 0.81% |
Overlap by Sector
Showing top 5 sectors by overlap contribution
Top Holdings Only in SCHB
Unique to SCHB
| Symbol | Name | Weight |
|---|---|---|
| BRK-B | BRK-B | 1.40% |
| JPM | JPM | 1.33% |
| LLY | LLY | 0.99% |
| V | V | 0.95% |
| MA | MA | 0.76% |
Top Holdings Only in QQQ
Unique to QQQ
| Symbol | Name | Weight |
|---|---|---|
| SHOP | SHOP | 1.12% |
| INTC | INTC | 0.93% |
| MELI | MELI | 0.55% |
| ASML | ASML | 0.51% |
| PDD | PDD | 0.41% |
Price Correlation
How We Calculate Overlap
We use the minimum weight method with normalization to calculate portfolio overlap:
Overlap = ฮฃ min(weightA, weightB) for each shared holdingNormalization: Holdings weights are normalized to sum to 100% before comparison. This ensures accurate overlap calculations even when analyzing partial holdings data (e.g., top 50 positions).
Conservative approach: We consider only the smaller allocation for each shared position, giving you a realistic view of true portfolio overlap.
๐ This analysis is based on publicly available holdings data. For the most current and complete holdings information, please visit the official ETF provider websites.