QQQ vs VEU: Holdings Overlap
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
VEUVanguard FTSE All-world Ex-us Index Fund
Vanguard · 3855 holdings · $69.8B · as of 2026-04-30
Holdings snapshots are 30 days apart (QQQ: 2026-03-31, VEU: 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 VEU?
Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101 positions; Vanguard FTSE All-world Ex-us Index Fund (VEU, by Vanguard) holds 3855. They have 5 holdings in common, and by portfolio weight the two funds are 0.7% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 5QQQ holds 101 · VEU holds 3855
- Weight in Shared Holdings
- QQQ 2%·VEU 1%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
96 of 101 positions (98.0% of the fund) are not held by VEU. Showing the top 30 by weight.
Sector Breakdown
| Sector | QQQ | VEU |
|---|---|---|
| Information Technology | 49.7% | 16.2% |
| Financials | 0.2% | 20.0% |
| Communication Services | 16.0% | 3.7% |
| Consumer Discretionary | 12.6% | 6.1% |
| Industrials | 4.2% | 11.7% |
| Other Sectors | 17.2% | 23.8% |
| Unclassified | 0.0% | 17.4% |
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. “Unclassified” is weight we could not classify (0% of QQQ, 18% of VEU).
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% |
| VEU | +2.8% | +16.6% | +28.4% | +19.2% | +9.6% | +9.9% | 2.48% |
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 VEU →
Shared Holdings(5)
The top 5 shared positions account for 100% of the overlap, led by SHOP, PDD and FER.
 SHOPShopify, Inc., Class A | 0.82% | 0.38% | 0.38% |
|---|---|---|---|
 PDDPDD Holdings Inc. SPONSORED ADS | 0.39% | 0.19% | 0.19% |
 FERFerrovial N.V. | 0.26% | 0.08% | 0.08% |
 CCEPCoca-Cola Europacific Partners PLC COM EUR0.01 | 0.23% | 0.05% | 0.05% |
| Thomson Reuters Corp COM | 0.23% | 0.03% | 0.03% |
Frequently Asked Questions
How much do QQQ and VEU overlap?
QQQ and VEU overlap by 0.7% of portfolio weight. They share 5 holdings (QQQ holds 101 positions and VEU holds 3855), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQQ and VEU?
The two portfolios are 0.7% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of QQQ and VEU?
The largest positions held by both funds are SHOP, PDD, FER, CCEP and Thomson Reuters Corp COM. Together the top 5 shared positions account for 100% of the total overlap.
What does QQQ own that VEU doesn't?
96 positions (98.0% of QQQ) are unique to QQQ, led by NVDA, AAPL and MSFT. In the other direction, 3850 positions (98.1% of VEU) are unique to VEU.