FFFEX vs QQQ: 0% overlap

Fidelity Freedom 2030 and Invesco QQQ Trust share 0.1% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.

Different holding dates. These holdings were published about 4 months apart — FFFEX as of 2026-03-31, the rest through 2026-07-23. Each fund is compared using its most recent file, so any trading in between shows up as a difference.

Hold both, 50/50
2.0Effective Funds

You would hold two tickers and get the diversification of 2.0. Two funds that shared nothing would score 2.0; two identical funds score 1.0.

Overlap
0.1%
FFFEX expense ratio
0.71%
QQQ expense ratio
0.20%

Top shared holdings

FFFEX and QQQ hold 1 of the same securities. The ten contributing most to the overlap figure:

Holdingin FFFEXin QQQΔ
CASH0.3%0.1%0.1%

Where FFFEX and QQQ differ

Sector weights as a share of each fund, ordered by the size of the gap rather than the size of the sector — two funds that overlap heavily still usually diverge somewhere.

SectorFFFEXQQQΔ
Unclassified99.4%1.0%+98.4pp
Information Technology0.0%59.1%59.1pp
Communication Services0.0%13.1%13.1pp
Consumer Discretionary0.0%10.0%10.0pp
Consumer Staples0.0%6.4%6.4pp
Health Care0.0%3.6%3.6pp
Industrials0.0%3.5%3.5pp
Utilities0.0%1.2%1.2pp

Δ is FFFEX minus QQQ, in percentage points. Sector data is not published by every issuer, so “Unclassified” is a real category rather than a gap in the table.

What each fund holds alone

Only in FFFEX
36 positions

99.7% of FFFEX by weight, held in no part of QQQ.

Only in QQQ
103 positions

99.9% of QQQ by weight, held in no part of FFFEX.

A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.

Concentration and cost

FFFEXQQQ
Top 10 holdings70.9%45.9%
Positions held38104
Cost per $10,000 held, per year$71$20

Cost is the expense ratio applied to $10,000; it excludes any brokerage commission, bid-ask spread or tax consequence. Figures are facts about the funds, not a suggestion about which to hold.

Frequently asked

How much do FFFEX and QQQ overlap?

FFFEX and QQQ overlap 0.1% by portfolio weight — largely distinct portfolios. They share 1 holdings. The figure comes from current issuer holdings files (FFFEX as of 2026-03-31, QQQ as of 2026-07-23).

How is the overlap between FFFEX and QQQ calculated?

As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If FFFEX holds a stock at 6% and QQQ holds the same stock at 4%, 4% counts as shared. The result is bounded between 0% and 100%, and it is computed after looking through any fund-of-funds to the underlying holdings.

Is it redundant to hold both FFFEX and QQQ?

That depends on your goals — we state facts, not advice. At 0.1% overlap, each fund still contributes meaningfully distinct exposure.

What does FFFEX own that QQQ doesn't?

FFFEX holds 38 positions and QQQ holds 104; 36 of FFFEX's positions don't appear in QQQ at all, and they are 99.7% of FFFEX by weight.

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Related comparisons

Sources: issuer holdings files, FFFEX as of 2026-03-31, QQQ as of 2026-07-23. Weights are fractions of each fund. Diagnostics, not advice.