GSUS vs QQQ: Holdings Overlap
GSUSGoldman Sachs MarketBeta U.S. Equity ETF
Goldman Sachs · 413 holdings · $3.2B · as of 2026-05-31
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
Holdings snapshots are 61 days apart (GSUS: 2026-05-31, QQQ: 2026-03-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are GSUS and QQQ?
Goldman Sachs MarketBeta U.S. Equity ETF (GSUS, by Goldman Sachs) holds 413 positions; Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101. They have 92 holdings in common, and by portfolio weight the two funds are 56.4% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 56.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 92GSUS holds 413 · QQQ holds 101
- Weight in Shared Holdings
- GSUS 57%·QQQ 97%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 GSUS
321 of 413 positions (43.1% of the fund) are not held by QQQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | GSUS | QQQ |
|---|---|---|
| Information Technology | 38.5% | 49.7% |
| Communication Services | 11.1% | 16.0% |
| Consumer Discretionary | 10.1% | 12.6% |
| Financials | 11.0% | 0.2% |
| Consumer Staples | 4.4% | 8.5% |
| Other Sectors | 24.7% | 12.8% |
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 |
|---|---|---|---|---|---|---|---|
| GSUS | +3.4% | +13.8% | +23.5% | +21.6% | +13.0% | — | 0.96% |
| 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 GSUS vs QQQ →
Shared Holdings(92)
The top 10 shared positions account for 70% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 7.72% | 8.68% | 7.72% |
|---|---|---|---|
 AAPLApple Inc. COM | 6.98% | 7.63% | 6.98% |
 MSFTMicrosoft Corp. COM | 5.16% | 5.63% | 5.16% |
 AMZNAmazon.com, Inc. COM | 4.06% | 4.58% | 4.06% |
 GOOGLAlphabet Inc. CAP STK CL A | 3.46% | 3.43% | 3.43% |
 AVGOBroadcom Inc COM | 3.25% | 3.01% | 3.01% |
 GOOGAlphabet Inc. CAP STK CL C | 2.98% | 3.20% | 2.98% |
 TSLATesla Inc COM | 2.28% | 3.80% | 2.28% |
 METAMeta Platforms, Inc., Class A | 2.16% | 3.46% | 2.16% |
 MUMicron Technology Inc. COM | 1.71% | 2.15% | 1.71% |
 AMDAdvanced Micro Devices Inc. COM | 1.31% | 1.88% | 1.31% |
 INTCIntel Corporation COM | 0.79% | 1.25% | 0.79% |
 WMTWalmart Inc COM | 0.79% | 3.43% | 0.79% |
 CSCOCisco Systems, Inc. COM | 0.75% | 1.73% | 0.75% |
 COSTCostco Wholesale Corporation COM | 0.66% | 2.50% | 0.66% |
 LRCXLam Research Corporation COM NEW | 0.62% | 1.51% | 0.62% |
 NFLXNetflix, Inc. COM | 0.57% | 2.30% | 0.57% |
 AMATApplied Materials Inc. COM | 0.56% | 1.53% | 0.56% |
 PLTRPalantir Technologies, Inc., Class A | 0.52% | 1.90% | 0.52% |
 TXNTexas Instruments Inc. COM | 0.43% | 1.00% | 0.43% |
 QCOMQUALCOMM Inc. COM | 0.42% | 0.78% | 0.42% |
 KLACKLA Corp. COM NEW | 0.39% | 1.09% | 0.39% |
 LINLinde PLC COM EUR0.001 | 0.36% | 1.30% | 0.36% |
 PANWPalo Alto Networks Inc COM | 0.36% | 0.74% | 0.36% |
 ADIAnalog Devices Inc. COM | 0.32% | 0.88% | 0.32% |
Frequently Asked Questions
How much do GSUS and QQQ overlap?
GSUS and QQQ overlap by 56.4% of portfolio weight. They share 92 holdings (GSUS holds 413 positions and QQQ holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GSUS and QQQ?
The two portfolios are 56.4% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of GSUS and QQQ?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and GOOGL. Together the top 10 shared positions account for 70% of the total overlap.
What does GSUS own that QQQ doesn't?
321 positions (43.1% of GSUS) are unique to GSUS, led by LLY, JPM and BRK-B. In the other direction, 9 positions (3.0% of QQQ) are unique to QQQ.