QQQ vs XAR: Holdings Overlap
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
XARState Street® SPDR® S&P® Aerospace & Defense ETF
State Street (SPDR) · 47 holdings · $6.4B · as of 2026-08-06
Holdings snapshots are 128 days apart (QQQ: 2026-03-31, XAR: 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 XAR?
Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101 positions; State Street® SPDR® S&P® Aerospace & Defense ETF (XAR, by State Street (SPDR)) holds 47. They have 1 holdings in common, and by portfolio weight the two funds are 0.2% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1QQQ holds 101 · XAR holds 47
- Weight in Shared Holdings
- QQQ 0%·XAR 3%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 (99.7% of the fund) are not held by XAR. Showing the top 30 by weight.
Sector Breakdown
| Sector | QQQ | XAR |
|---|---|---|
| Industrials | 4.2% | 98.4% |
| Information Technology | 49.7% | 0.0% |
| Communication Services | 16.0% | 0.0% |
| Consumer Discretionary | 12.6% | 0.0% |
| Consumer Staples | 8.5% | 0.0% |
| Other Sectors | 8.9% | 0.0% |
| Unclassified | 0.0% | 1.6% |
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, 2% of XAR).
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% |
| XAR | +2.7% | +19.0% | +33.7% | +33.2% | +18.5% | +18.1% | 0.28% |
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 XAR →
Shared Holdings(1)
 AXONAxon Enterprise Inc COM | 0.19% | 3.02% | 0.19% |
|---|
Frequently Asked Questions
How much do QQQ and XAR overlap?
QQQ and XAR overlap by 0.2% of portfolio weight. They share 1 holdings (QQQ holds 101 positions and XAR holds 47), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQQ and XAR?
The two portfolios are 0.2% 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 XAR?
The largest positions held by both funds are AXON. Together the top 1 shared positions account for 100% of the total overlap.
What does QQQ own that XAR doesn't?
100 positions (99.7% of QQQ) are unique to QQQ, led by NVDA, AAPL and MSFT. In the other direction, 46 positions (96.9% of XAR) are unique to XAR.