QQQ vs SPGP: Holdings Overlap
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
Invesco · 73 holdings · $2.3B · as of 2026-04-30
Holdings snapshots are 30 days apart (QQQ: 2026-03-31, SPGP: 2026-04-30). 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 SPGP?
Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101 positions; Invesco S&P 500 GARP ETF (SPGP, by Invesco) holds 73. They have 14 holdings in common, and by portfolio weight the two funds are 10.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 10.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 14QQQ holds 101 · SPGP holds 73
- Weight in Shared Holdings
- QQQ 28%·SPGP 21%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
87 of 101 positions (72.4% of the fund) are not held by SPGP. Showing the top 30 by weight.
Sector Breakdown
| Sector | QQQ | SPGP |
|---|---|---|
| Information Technology | 49.7% | 18.0% |
| Financials | 0.2% | 25.7% |
| Industrials | 4.2% | 18.1% |
| Consumer Discretionary | 12.6% | 18.0% |
| Communication Services | 16.0% | 6.6% |
| Other Sectors | 17.2% | 13.6% |
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% |
| SPGP | +3.2% | +13.3% | +20.4% | +12.0% | +8.3% | +15.2% | 0.79% |
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 SPGP →
Shared Holdings(14)
The top 10 shared positions account for 89% of the overlap, led by NVDA, GOOG and KLAC.
 NVDANVIDIA Corp. | 8.68% | 2.72% | 2.72% |
|---|---|---|---|
 GOOGAlphabet Inc., Class C | 3.20% | 1.15% | 1.15% |
 KLACKLA Corp. | 1.09% | 1.38% | 1.09% |
 METAMeta Platforms, Inc., Class A | 3.46% | 1.02% | 1.02% |
 NFLXNetflix, Inc. | 2.30% | 0.92% | 0.92% |
 MSFTMicrosoft Corp. | 5.63% | 0.78% | 0.78% |
 APPAppLovin Corp., Class A | 0.69% | 1.36% | 0.69% |
 ADBEAdobe Inc. | 0.56% | 0.87% | 0.56% |
 PCARPACCAR Inc. | 0.34% | 1.11% | 0.34% |
 FTNTFortinet, Inc. | 0.34% | 1.69% | 0.34% |
 BKRBaker Hughes Co., Class A | 0.34% | 2.10% | 0.34% |
 MPWRMonolithic Power Systems, Inc. | 0.30% | 3.13% | 0.30% |
 ABNBAirbnb, Inc., Class A | 0.30% | 2.25% | 0.30% |
 ADSKAutodesk, Inc. | 0.29% | 0.85% | 0.29% |
Frequently Asked Questions
How much do QQQ and SPGP overlap?
QQQ and SPGP overlap by 10.8% of portfolio weight. They share 14 holdings (QQQ holds 101 positions and SPGP holds 73), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQQ and SPGP?
The two portfolios are 10.8% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of QQQ and SPGP?
The largest positions held by both funds are NVDA, GOOG, KLAC, META and NFLX. Together the top 10 shared positions account for 89% of the total overlap.
What does QQQ own that SPGP doesn't?
87 positions (72.4% of QQQ) are unique to QQQ, led by AAPL, AMZN and TSLA. In the other direction, 59 positions (78.7% of SPGP) are unique to SPGP.