QQQ vs VONE: Holdings Overlap
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
VONEVanguard Russell 1000 Index Fund
Vanguard · 1003 holdings · $8.6B · as of 2026-05-31
Holdings snapshots are 61 days apart (QQQ: 2026-03-31, VONE: 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 VONE?
Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101 positions; Vanguard Russell 1000 Index Fund (VONE, by Vanguard) holds 1003. They have 91 holdings in common, and by portfolio weight the two funds are 51.5% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 51.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 91QQQ holds 101 · VONE holds 1003
- Weight in Shared Holdings
- QQQ 96%·VONE 51%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
10 of 101 positions (4.0% of the fund) are not held by VONE.
Sector Breakdown
| Sector | QQQ | VONE |
|---|---|---|
| Information Technology | 49.7% | 36.4% |
| Communication Services | 16.0% | 10.4% |
| Consumer Discretionary | 12.6% | 9.9% |
| Financials | 0.2% | 11.5% |
| Industrials | 4.2% | 9.2% |
| Other Sectors | 17.2% | 22.4% |
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.
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% |
| VONE | +3.4% | +13.9% | +23.3% | +21.0% | +12.7% | +15.1% | 0.99% |
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 VONE →
Shared Holdings(91)
The top 10 shared positions account for 71% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 8.68% | 7.15% | 7.15% |
|---|---|---|---|
 AAPLApple Inc. COM | 7.63% | 6.50% | 6.50% |
 MSFTMicrosoft Corp. COM | 5.63% | 4.83% | 4.83% |
 AMZNAmazon.com, Inc. COM | 4.58% | 3.76% | 3.76% |
 GOOGLAlphabet Inc. CAP STK CL A | 3.43% | 3.20% | 3.20% |
 AVGOBroadcom Inc COM | 3.01% | 2.98% | 2.98% |
 GOOGAlphabet Inc. CAP STK CL C | 3.20% | 2.57% | 2.57% |
 METAMeta Platforms, Inc., Class A | 3.46% | 2.00% | 2.00% |
 TSLATesla Inc COM | 3.80% | 1.78% | 1.78% |
 MUMicron Technology Inc. COM | 2.15% | 1.57% | 1.57% |
 AMDAdvanced Micro Devices Inc. COM | 1.88% | 1.20% | 1.20% |
 INTCIntel Corporation COM | 1.25% | 0.73% | 0.73% |
 WMTWalmart Inc COM | 3.43% | 0.73% | 0.73% |
 CSCOCisco Systems, Inc. COM | 1.73% | 0.69% | 0.69% |
 COSTCostco Wholesale Corporation COM | 2.50% | 0.61% | 0.61% |
 LRCXLam Research Corporation COM NEW | 1.51% | 0.58% | 0.58% |
 NFLXNetflix, Inc. COM | 2.30% | 0.53% | 0.53% |
 AMATApplied Materials Inc. COM | 1.53% | 0.52% | 0.52% |
 PLTRPalantir Technologies, Inc., Class A | 1.90% | 0.49% | 0.49% |
 TXNTexas Instruments Inc. COM | 1.00% | 0.40% | 0.40% |
 QCOMQUALCOMM Inc. COM | 0.78% | 0.39% | 0.39% |
 KLACKLA Corp. COM NEW | 1.09% | 0.37% | 0.37% |
 LINLinde PLC COM EUR0.001 | 1.30% | 0.34% | 0.34% |
 PANWPalo Alto Networks Inc COM | 0.74% | 0.33% | 0.33% |
 ADIAnalog Devices Inc. COM | 0.88% | 0.29% | 0.29% |
Frequently Asked Questions
How much do QQQ and VONE overlap?
QQQ and VONE overlap by 51.5% of portfolio weight. They share 91 holdings (QQQ holds 101 positions and VONE holds 1003), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQQ and VONE?
The two portfolios are 51.5% 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 VONE?
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 VONE doesn't?
10 positions (4.0% of QQQ) are unique to QQQ, led by SHOP, ASML and MELI. In the other direction, 912 positions (48.2% of VONE) are unique to VONE.