GPIQ vs QQQ: Holdings Overlap
GPIQGoldman Sachs Nasdaq-100 Premium Income ETF
Goldman Sachs · 101 holdings · $5.4B · as of 2026-03-31
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
How similar are GPIQ and QQQ?
Goldman Sachs Nasdaq-100 Premium Income ETF (GPIQ, by Goldman Sachs) holds 101 positions; Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101. They have 101 holdings in common, and by portfolio weight the two funds are 98.4% identical. In practical terms the pair is essentially interchangeable, so holding both adds little diversification.
- Overlap by Weight
- 98.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 101GPIQ holds 101 · QQQ holds 101
- Weight in Shared Holdings
- GPIQ 99%·QQQ 100%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in GPIQ
Every position in GPIQ is also held by QQQ, so it brings nothing the other fund doesn’t already own.
Only in QQQ
Every position in QQQ is also held by GPIQ, so it brings nothing the other fund doesn’t already own.
Sector Breakdown
| Sector | GPIQ | QQQ |
|---|---|---|
| Information Technology | 49.5% | 49.7% |
| Communication Services | 15.9% | 16.0% |
| Consumer Discretionary | 12.6% | 12.6% |
| Consumer Staples | 8.5% | 8.5% |
| Health Care | 5.1% | 5.1% |
| Other Sectors | 7.8% | 8.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| GPIQ | +1.5% | +16.2% | +26.4% | — | — | — | 9.88% |
| QQQ | +1.9% | +18.0% | +27.6% | +25.2% | +15.2% | +20.8% | 0.42% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in GPIQ vs QQQ →
Shared Holdings(101)
The top 10 shared positions account for 47% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 8.66% | 8.68% | 8.66% |
|---|---|---|---|
 AAPLApple Inc. COM | 7.60% | 7.63% | 7.60% |
 MSFTMicrosoft Corp. COM | 5.56% | 5.63% | 5.56% |
 AMZNAmazon.com, Inc. COM | 4.64% | 4.58% | 4.58% |
 TSLATesla Inc COM | 3.86% | 3.80% | 3.80% |
 METAMeta Platforms, Inc., Class A | 3.49% | 3.46% | 3.46% |
 WMTWalmart Inc COM | 3.48% | 3.43% | 3.43% |
 GOOGLAlphabet Inc. CAP STK CL A | 3.39% | 3.43% | 3.39% |
 GOOGAlphabet Inc. CAP STK CL C | 3.13% | 3.20% | 3.13% |
 AVGOBroadcom Inc COM | 2.98% | 3.01% | 2.98% |
 COSTCostco Wholesale Corporation COM | 2.46% | 2.50% | 2.46% |
 NFLXNetflix, Inc. COM | 2.24% | 2.30% | 2.24% |
 MUMicron Technology Inc. COM | 2.11% | 2.15% | 2.11% |
 AMDAdvanced Micro Devices Inc. COM | 1.87% | 1.88% | 1.87% |
 PLTRPalantir Technologies Inc., Class A | 1.85% | 1.90% | 1.85% |
 CSCOCisco Systems, Inc. COM | 1.71% | 1.73% | 1.71% |
 AMATApplied Materials Inc. COM | 1.52% | 1.53% | 1.52% |
 LRCXLam Research Corporation COM NEW | 1.50% | 1.51% | 1.50% |
 LINLinde PLC COM EUR0.001 | 1.33% | 1.30% | 1.30% |
 TMUST-Mobile US Inc COM | 1.27% | 1.31% | 1.27% |
 INTCIntel Corporation COM | 1.23% | 1.25% | 1.23% |
 PEPPepsico Inc COM | 1.17% | 1.20% | 1.17% |
 KLACKLA Corp. COM NEW | 1.08% | 1.09% | 1.08% |
 AMGNAmgen Inc. COM | 1.09% | 1.07% | 1.07% |
 TXNTexas Instruments Inc. COM | 0.98% | 1.00% | 0.98% |
Frequently Asked Questions
How much do GPIQ and QQQ overlap?
GPIQ and QQQ overlap by 98.4% of portfolio weight. They share 101 holdings (GPIQ holds 101 positions and QQQ holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GPIQ and QQQ?
The two portfolios are 98.4% identical by weight. Owning both is largely redundant: they are close to the same portfolio, so a second position mostly duplicates the first.
What are the biggest shared holdings of GPIQ and QQQ?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and TSLA. Together the top 10 shared positions account for 47% of the total overlap.
What does GPIQ own that QQQ doesn't?
Nothing. Every position in GPIQ is also held by QQQ. In the other direction, 0 positions (0.0% of QQQ) are unique to QQQ.