QQQ vs VWO: Holdings Overlap
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
VWOVanguard Emerging Markets Stock Index Fund
Vanguard · 5015 holdings · $124.9B · as of 2026-04-30
Holdings snapshots are 30 days apart (QQQ: 2026-03-31, VWO: 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 VWO?
Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101 positions; Vanguard Emerging Markets Stock Index Fund (VWO, by Vanguard) holds 5015. They have 1 holdings in common, and by portfolio weight the two funds are 0.4% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1QQQ holds 101 · VWO holds 5015
- Weight in Shared Holdings
- QQQ 0%·VWO 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
100 of 101 positions (99.5% of the fund) are not held by VWO. Showing the top 30 by weight.
Only in VWO
5014 of 5015 positions (98.5% of the fund) are not held by QQQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | QQQ | VWO |
|---|---|---|
| Information Technology | 49.7% | 23.7% |
| Communication Services | 16.0% | 5.7% |
| Financials | 0.2% | 12.6% |
| Consumer Discretionary | 12.6% | 7.0% |
| Consumer Staples | 8.5% | 1.7% |
| Other Sectors | 12.8% | 11.2% |
| Unclassified | 0.0% | 37.4% |
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, 38% of VWO).
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% |
| VWO | +2.7% | +12.6% | +22.3% | +16.6% | +6.6% | +7.9% | 2.29% |
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 VWO →
Shared Holdings(1)
 PDDPDD Holdings Inc. SPONSORED ADS | 0.39% | 0.66% | 0.39% |
|---|
Frequently Asked Questions
How much do QQQ and VWO overlap?
QQQ and VWO overlap by 0.4% of portfolio weight. They share 1 holdings (QQQ holds 101 positions and VWO holds 5015), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQQ and VWO?
The two portfolios are 0.4% 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 VWO?
The largest positions held by both funds are PDD. Together the top 1 shared positions account for 99% of the total overlap.
What does QQQ own that VWO doesn't?
100 positions (99.5% of QQQ) are unique to QQQ, led by NVDA, AAPL and MSFT. In the other direction, 5014 positions (98.5% of VWO) are unique to VWO.