Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
FNDX vs QQQ: how they differ
FNDX and QQQ hold 32% of their weight in the same names, and FNDX returned more over the year.
Schwab Fundamental U.S. Large Company ETF and Invesco QQQ Trust.
What they hold in common
By the books each fund has filed, FNDX and QQQ hold 32% of their money in the same securities at the same weight.
| Holding | FNDX | QQQ |
|---|---|---|
| Apple Inc | 4.64% | 7.29% |
| Intel Corp | 2.57% | 2.52% |
| Alphabet Inc | 2.38% | 3.52% |
| Microsoft Corp | 2.33% | 5.32% |
| Alphabet Inc | 1.90% | 3.26% |
| Amazon.com Inc | 1.86% | 4.62% |
| Micron Technology Inc | 1.60% | 4.80% |
| Meta Platforms Inc | 1.24% | 2.97% |
| Walmart Inc | 1.01% | 2.48% |
| Cisco Systems Inc | 0.90% | 2.09% |
| Broadcom Inc | 0.65% | 3.37% |
| NVIDIA Corp | 0.55% | 8.16% |
| Only in FNDX | Only in QQQ |
|---|---|
| Exxon Mobil Corp 2.29% | Palantir Technologies Inc. 1.58% |
| Chevron Corp 1.49% | Linde PLC 1.01% |
| Berkshire Hathaway Inc 1.41% | Seagate Technology Holdings PLC 0.84% |
| JPMorgan Chase & Co 1.38% | AppLovin Corp. 0.83% |
| UnitedHealth Group Inc 1.37% | CrowdStrike Holdings, Inc. 0.81% |
| Verizon Communications Inc 0.99% | Shopify Inc. 0.64% |
| Johnson & Johnson 0.97% | ASML Holding N.V. 0.62% |
| CVS Health Corp 0.91% | MercadoLibre, Inc. 0.38% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026.
| FNDX Schwab Fundamental U.S. Large Company ETF | QQQ Invesco QQQ Trust | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Schwab | Invesco |
| What it is | Fundamental U.S. Large Company | Nasdaq-100, book from QQQM |
| Total return, 1 year | +26.1% | +23.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +8.6 pts | +5.5 pts |
| Expense ratio | 0.25% | 0.18% |
| Already in the S&P 500 | 91.2% | 96.7% |
| Holdings | 733 | 101 |
FNDX in plain words
FNDX is an index equity fund tracking the Fundamental U.S. Large Company. Over the year to Sep 11, 2026 it returned +26.1% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.25% a year. By its holdings filed for May 31, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 733 positions, with the top ten at 22.5%.
QQQ in plain words
QQQ is an index equity fund tracking the Nasdaq-100. Over the year to Sep 11, 2026 it returned +23.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.18% a year. By its holdings filed for May 31, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 101 positions, with the top ten at 47.5%. It sat 4.1% below its high of Jun 2, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, FNDX or QQQ?
- In the year to Sep 12, 2026, with distributions reinvested, FNDX returned +26.1% and QQQ returned +23.0%, so FNDX returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, FNDX or QQQ?
- FNDX charges 0.25% a year and QQQ charges 0.18%, so QQQ is cheaper. Fees come from each fund's prospectus.
- How much do FNDX and QQQ overlap with the S&P 500?
- By their latest filed holdings, 91% of FNDX and 97% of QQQ by weight is stocks the S&P 500 already holds. Between the two funds, 32% of their books are the same securities at the same weight.
Other comparisons
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, FNDX against QQQ, data as of Sep 12, 2026. https://etfiq.com/compare/any/FNDX-QQQ Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources