QQQ vs SPYG: Holdings Overlap
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
SPYGState Street® SPDR® Portfolio S&P 500® Growth ETF
State Street (SPDR) · 147 holdings · $54.7B · as of 2026-08-06
Holdings snapshots are 128 days apart (QQQ: 2026-03-31, SPYG: 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 SPYG?
Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101 positions; State Street® SPDR® Portfolio S&P 500® Growth ETF (SPYG, by State Street (SPDR)) holds 147. They have 45 holdings in common, and by portfolio weight the two funds are 54.4% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 54.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 45QQQ holds 101 · SPYG holds 147
- Weight in Shared Holdings
- QQQ 70%·SPYG 72%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
56 of 101 positions (29.4% of the fund) are not held by SPYG. Showing the top 30 by weight.
Sector Breakdown
| Sector | QQQ | SPYG |
|---|---|---|
| Information Technology | 49.7% | 52.5% |
| Communication Services | 16.0% | 15.3% |
| Consumer Discretionary | 12.6% | 8.4% |
| Financials | 0.2% | 9.0% |
| Consumer Staples | 8.5% | 1.1% |
| Other Sectors | 12.8% | 13.7% |
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% |
| SPYG | +4.4% | +15.6% | +25.4% | +26.9% | +14.2% | +17.9% | 0.47% |
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 SPYG →
Shared Holdings(45)
The top 10 shared positions account for 77% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 8.68% | 14.58% | 8.68% |
|---|---|---|---|
 AAPLApple Inc. COM | 7.63% | 6.30% | 6.30% |
 MSFTMicrosoft Corp. COM | 5.63% | 10.20% | 5.63% |
 AMZNAmazon.com, Inc. COM | 4.58% | 3.88% | 3.88% |
 METAMeta Platforms, Inc., Class A | 3.46% | 3.56% | 3.46% |
 GOOGLAlphabet Inc. CAP STK CL A | 3.43% | 5.76% | 3.43% |
 GOOGAlphabet Inc. CAP STK CL C | 3.20% | 4.63% | 3.20% |
 AVGOBroadcom Inc COM | 3.01% | 5.47% | 3.01% |
 MUMicron Technology Inc. COM | 2.15% | 2.73% | 2.15% |
 AMDAdvanced Micro Devices Inc. COM | 1.88% | 2.19% | 1.88% |
 TSLATesla Inc COM | 3.80% | 1.53% | 1.53% |
 AMATApplied Materials Inc. COM | 1.53% | 1.15% | 1.15% |
 LRCXLam Research Corporation COM NEW | 1.51% | 1.05% | 1.05% |
 PLTRPalantir Technologies, Inc., Class A | 1.90% | 0.98% | 0.98% |
 NFLXNetflix, Inc. COM | 2.30% | 0.85% | 0.85% |
 CSCOCisco Systems, Inc. COM | 1.73% | 0.70% | 0.70% |
 KLACKLA Corp. COM NEW | 1.09% | 0.69% | 0.69% |
 CRWDCrowdStrike Holdings, Inc., Class A | 0.56% | 0.58% | 0.56% |
 PANWPalo Alto Networks Inc COM | 0.74% | 0.45% | 0.45% |
 BKNGBooking Holdings Inc COM | 0.75% | 0.44% | 0.44% |
 AMGNAmgen Inc. COM | 1.07% | 0.41% | 0.41% |
 ISRGIntuitive Surgical Inc. COM NEW | 0.93% | 0.36% | 0.36% |
 STXSeagate Technology Holdings PLC ORD SHS | 0.48% | 0.34% | 0.34% |
 APPAppLovin Corp., Class A | 0.69% | 0.25% | 0.25% |
 GILDGilead Sciences Inc. COM | 0.98% | 0.24% | 0.24% |
Frequently Asked Questions
How much do QQQ and SPYG overlap?
QQQ and SPYG overlap by 54.4% of portfolio weight. They share 45 holdings (QQQ holds 101 positions and SPYG holds 147), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQQ and SPYG?
The two portfolios are 54.4% 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 QQQ and SPYG?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and META. Together the top 10 shared positions account for 77% of the total overlap.
What does QQQ own that SPYG doesn't?
56 positions (29.4% of QQQ) are unique to QQQ, led by WMT, COST and TMUS. In the other direction, 102 positions (27.9% of SPYG) are unique to SPYG.