QQQ vs SPTM: Holdings Overlap
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
SPTMState Street® SPDR® Portfolio S&P 1500® Composite Stock Market ETF
State Street (SPDR) · 1506 holdings · $13.6B · as of 2026-08-06
Holdings snapshots are 128 days apart (QQQ: 2026-03-31, SPTM: 2026-08-06). 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 SPTM?
Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101 positions; State Street® SPDR® Portfolio S&P 1500® Composite Stock Market ETF (SPTM, by State Street (SPDR)) holds 1506. They have 86 holdings in common, and by portfolio weight the two funds are 49.5% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 49.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 86QQQ holds 101 · SPTM holds 1506
- Weight in Shared Holdings
- QQQ 95%·SPTM 49%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
15 of 101 positions (5.2% of the fund) are not held by SPTM.
Sector Breakdown
| Sector | QQQ | SPTM |
|---|---|---|
| Information Technology | 49.7% | 35.8% |
| Communication Services | 16.0% | 9.1% |
| Financials | 0.2% | 12.6% |
| Consumer Discretionary | 12.6% | 9.5% |
| Industrials | 4.2% | 9.8% |
| Other Sectors | 17.2% | 23.0% |
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% |
| SPTM | +3.4% | +14.5% | +24.1% | +20.8% | +13.1% | +15.1% | 1.03% |
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 SPTM →
Shared Holdings(86)
The top 10 shared positions account for 71% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 8.68% | 7.38% | 7.38% |
|---|---|---|---|
 AAPLApple Inc. COM | 7.63% | 6.39% | 6.39% |
 MSFTMicrosoft Corp. COM | 5.63% | 5.17% | 5.17% |
 AMZNAmazon.com, Inc. COM | 4.58% | 3.71% | 3.71% |
 GOOGLAlphabet Inc. CAP STK CL A | 3.43% | 2.92% | 2.92% |
 AVGOBroadcom Inc COM | 3.01% | 2.77% | 2.77% |
 GOOGAlphabet Inc. CAP STK CL C | 3.20% | 2.34% | 2.34% |
 METAMeta Platforms, Inc., Class A | 3.46% | 1.80% | 1.80% |
 MUMicron Technology Inc. COM | 2.15% | 1.38% | 1.38% |
 TSLATesla Inc COM | 3.80% | 1.25% | 1.25% |
 AMDAdvanced Micro Devices Inc. COM | 1.88% | 1.11% | 1.11% |
 WMTWalmart Inc COM | 3.43% | 0.69% | 0.69% |
 CSCOCisco Systems, Inc. COM | 1.73% | 0.67% | 0.67% |
 INTCIntel Corporation COM | 1.25% | 0.65% | 0.65% |
 COSTCostco Wholesale Corporation COM | 2.50% | 0.58% | 0.58% |
 AMATApplied Materials Inc. COM | 1.53% | 0.58% | 0.58% |
 LRCXLam Research Corporation COM NEW | 1.51% | 0.53% | 0.53% |
 PLTRPalantir Technologies, Inc., Class A | 1.90% | 0.50% | 0.50% |
 NFLXNetflix, Inc. COM | 2.30% | 0.43% | 0.43% |
 PANWPalo Alto Networks Inc COM | 0.74% | 0.40% | 0.40% |
 TXNTexas Instruments Inc. COM | 1.00% | 0.35% | 0.35% |
 KLACKLA Corp. COM NEW | 1.09% | 0.35% | 0.35% |
 LINLinde PLC COM EUR0.001 | 1.30% | 0.31% | 0.31% |
 AMGNAmgen Inc. COM | 1.07% | 0.30% | 0.30% |
 CRWDCrowdStrike Holdings, Inc., Class A | 0.56% | 0.29% | 0.29% |
Frequently Asked Questions
How much do QQQ and SPTM overlap?
QQQ and SPTM overlap by 49.5% of portfolio weight. They share 86 holdings (QQQ holds 101 positions and SPTM holds 1506), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQQ and SPTM?
The two portfolios are 49.5% 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 QQQ and SPTM?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and GOOGL. Together the top 10 shared positions account for 71% of the total overlap.
What does QQQ own that SPTM doesn't?
15 positions (5.2% of QQQ) are unique to QQQ, led by SHOP, HON and ASML. In the other direction, 1420 positions (50.3% of SPTM) are unique to SPTM.