QQQ vs QQQM: Holdings Overlap
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
Invesco · 101 holdings · $97.1B · as of 2026-05-31
Holdings snapshots are 61 days apart (QQQ: 2026-03-31, QQQM: 2026-05-31). 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 QQQ and QQQM?
Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101 positions; Invesco NASDAQ 100 ETF (QQQM, by Invesco) holds 101. They have 98 holdings in common, and by portfolio weight the two funds are 88.6% identical. In practical terms the pair is essentially interchangeable, so holding both adds little diversification.
- Overlap by Weight
- 88.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 98QQQ holds 101 · QQQM holds 101
- Weight in Shared Holdings
- QQQ 100%·QQQM 98%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 QQQ
3 of 101 positions (0.4% of the fund) are not held by QQQM.
Sector Breakdown
| Sector | QQQ | QQQM |
|---|---|---|
| Information Technology | 49.7% | 57.8% |
| Communication Services | 16.0% | 14.2% |
| Consumer Discretionary | 12.6% | 11.4% |
| Consumer Staples | 8.5% | 6.4% |
| Health Care | 5.1% | 3.7% |
| Other Sectors | 8.0% | 6.0% |
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 |
|---|---|---|---|---|---|---|---|
| QQQ | +1.9% | +18.0% | +27.6% | +25.2% | +15.2% | +20.8% | 0.42% |
| QQQM | +1.9% | +18.0% | +27.7% | +25.3% | +15.2% | — | 0.44% |
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 QQQ vs QQQM →
Shared Holdings(98)
The top 10 shared positions account for 49% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. | 8.68% | 8.13% | 8.13% |
|---|---|---|---|
 AAPLApple Inc. | 7.63% | 7.26% | 7.26% |
 MSFTMicrosoft Corp. | 5.63% | 5.30% | 5.30% |
 AMZNAmazon.com, Inc. | 4.58% | 4.60% | 4.58% |
 TSLATesla, Inc. | 3.80% | 3.45% | 3.45% |
 GOOGLAlphabet Inc., Class A | 3.43% | 3.51% | 3.43% |
 GOOGAlphabet Inc., Class C | 3.20% | 3.24% | 3.20% |
 AVGOBroadcom Inc. | 3.01% | 3.36% | 3.01% |
 METAMeta Platforms, Inc., Class A | 3.46% | 2.96% | 2.96% |
 WMTWalmart Inc. | 3.43% | 2.47% | 2.47% |
 MUMicron Technology, Inc. | 2.15% | 4.78% | 2.15% |
 AMDAdvanced Micro Devices, Inc. | 1.88% | 3.68% | 1.88% |
 COSTCostco Wholesale Corp. | 2.50% | 1.86% | 1.86% |
 CSCOCisco Systems, Inc. | 1.73% | 2.08% | 1.73% |
 NFLXNetflix, Inc. | 2.30% | 1.59% | 1.59% |
 PLTRPalantir Technologies Inc., Class A | 1.90% | 1.57% | 1.57% |
 AMATApplied Materials, Inc. | 1.53% | 1.56% | 1.53% |
 LRCXLam Research Corp. | 1.51% | 1.74% | 1.51% |
 INTCIntel Corp. | 1.25% | 2.51% | 1.25% |
 KLACKLA Corp. | 1.09% | 1.10% | 1.09% |
 LINLinde PLC | 1.30% | 1.01% | 1.01% |
 TXNTexas Instruments Inc. | 1.00% | 1.21% | 1.00% |
 TMUST-Mobile US, Inc. | 1.31% | 0.90% | 0.90% |
 ADIAnalog Devices, Inc. | 0.88% | 0.88% | 0.88% |
 PEPPepsiCo, Inc. | 1.20% | 0.86% | 0.86% |
Frequently Asked Questions
How much do QQQ and QQQM overlap?
QQQ and QQQM overlap by 88.6% of portfolio weight. They share 98 holdings (QQQ holds 101 positions and QQQM holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQQ and QQQM?
The two portfolios are 88.6% 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 QQQ and QQQM?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and TSLA. Together the top 10 shared positions account for 49% of the total overlap.
What does QQQ own that QQQM doesn't?
3 positions (0.4% of QQQ) are unique to QQQ, led by Thomson Reuters Corp., CSGP and TEAM. In the other direction, 3 positions (1.5% of QQQM) are unique to QQQM.