ETF comparison · Nasdaq-100
EQQQ vs QQQ: overlap by weight, TER & holdings
Invesco EQQQ Nasdaq-100 UCITS ETF Dist vs Invesco QQQ Trust
The same Nasdaq-100 in two wrappers. For most European investors the UCITS wrapper (EQQQ) wins on withholding tax and estate-tax exposure despite the higher headline fee.
EQQQ vs QQQ at a glance
| EQQQ | QQQ | |
|---|---|---|
| Fund | Invesco EQQQ Nasdaq-100 UCITS ETF Dist | Invesco QQQ Trust |
| ISIN | IE0032077012 | US46090E1038 |
| Index | Nasdaq-100 | Nasdaq-100 |
| Market exposure | US tech-heavy | US tech-heavy |
| TER | 0.30% | 0.18% |
| Holdings in fund | 102 | 103 |
| Fund size | ≈ 9 bn USD | ≈ 453 bn USD |
| Domicile | Ireland | the United States |
| Replication | Physical (full) | Physical (full, unit trust) |
| Use of income | Distributing | Distributing |
| Launched | Dec 2, 2002 | Mar 10, 1999 |
Top shared holdings
| EQQQ | QQQ | |
|---|---|---|
| NVDANVIDIA CORP USD0.001 | 8.55% | 8.52% |
| AAPLAPPLE INC USD0.00001 | 7.84% | 7.81% |
| MSFTMICROSOFT CORP USD0.00000625 | 5.82% | 5.81% |
| MUMICRON TECHNOLOGY INC USD0.1 | 5.02% | 5.01% |
| AMZNAMAZON.COM INC USD0.01 | 4.33% | 4.32% |
| AMDADVANCED MICRO DEVICES USD0.01 | 4% | 3.99% |
| GOOGLALPHABET INC-CL A USD0.001 | 3.23% | 3.22% |
| METAMeta Platforms INC USD0.000006 | 3.13% | 3.12% |
| GOOGALPHABET INC-CL C USD0.001 | 2.98% | 2.97% |
| TSLATESLA INC USD0.001 | 2.89% | 2.88% |
| AVGOBROADCOM INC NPV | 2.69% | 2.68% |
| INTCINTEL CORP USD0.001 | 2.39% | 2.38% |
| WMTWALMART INC USD0.1 | 2.28% | 2.27% |
| CSCOCISCO SYSTEMS INC USD0.001 | 1.89% | 1.89% |
| PLTRPALANTIR TECHNOLOGIES INC-A USD0.001 | 1.79% | 1.78% |
Weights per fund, normalized. 99 companies appear in both funds.
What the fee gap costs
Growth of 10,000 invested at 7% annual return, after each fund’s TER: 0.30% for EQQQ, 0.18% for QQQ.
| EQQQ | QQQ | Difference | |
|---|---|---|---|
| After 10 years | 19,127 | 19,343 | 216 |
| After 20 years | 36,584 | 37,415 | 832 |
| After 30 years | 69,973 | 72,373 | 2,400 |
QQQ comes out ahead by about 2,400 per 10,000 invested over 30 years. TER only. Trading spreads, taxes and broker fees are not included.
Domicile and withholding tax
EQQQ is Irish-domiciled and pays 15% US withholding at fund level under the US-Ireland treaty. QQQ is US-domiciled: non-US holders face treaty withholding on distributions and potential US estate-tax exposure above 60,000 USD.
Frequently asked questions
Do EQQQ and QQQ overlap?+
Yes: 97.93% by weight, with 99 holdings appearing in both funds. 98.22% of EQQQ’s weight is also inside QQQ.
Do EQQQ and QQQ track the same index?+
Yes. Both funds track the same index: Nasdaq-100. Return differences come from fees, replication and trading costs, not from index choice.
Which is cheaper, EQQQ or QQQ?+
QQQ: 0.18% per year against 0.30% for EQQQ. At 7% growth that gap is worth about 2,400 per 10,000 invested over 30 years.
Is it worth holding both EQQQ and QQQ?+
Holding both mostly duplicates exposure: 97.93% of the pair overlaps by weight. Most investors pick one, or combine one of them with a fund covering different markets.
More comparisons
Methodology
Overlap is the sum of min(weight A, weight B) across holdings that appear in both funds, with each fund’s stored weights normalized to 100%. Holdings come from issuer feeds and regulatory filings in our ETF holdings database; TER and fund size come from fund profile data and are refreshed regularly. Figures update when the underlying holdings data updates.
Holdings data as of Sep 21, 2026, from our ETF holdings database.