By Jake FitzGerald
Publication Date: 2026-10-30 15:14:00
QQQ investors hand nearly 8 cents of every dollar to a single chipmaker without realizing a quieter fund holds every same stock with none of that concentration risk.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Most people who buy Invesco QQQ Trust (NASDAQ:QQQ) want broad exposure to the NASDAQ-100. That portfolio leans heavily on a few chipmakers and tech platforms. Retirees and near-retirees who like the growth of those 100 companies but don’t want so much riding on a few of them can look at a smaller fund. It holds the same holdings on very different terms: the Direxion NASDAQ-100 Equal Weighted Index ETF (NASDAQ:QQQE).
NVIDIA Holds 7.6% of QQQ but Under 1% of QQQE
QQQ seeks to track the investment results, before fees and expenses, of the Nasdaq-100 Index, and it weights each company by market value. As of June 30, 2026, NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) was its largest holding at 7.60% of net assets. QQQE owns the same company, but as of July 31, 2026, NVIDIA made up only 0.97% of the fund. Using those two filing dates, QQQ held about 7.8 times as much NVIDIA per dollar invested.
The same pattern holds. Apple (NASDAQ:AAPL) was 6.67% of QQQ as of June 30, compared with 1.01% of QQQE as…
