QQQ vs XLG: Holdings Overlap
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
Invesco · 51 holdings · $10.7B · as of 2026-04-30
Holdings snapshots are 30 days apart (QQQ: 2026-03-31, XLG: 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 XLG?
Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101 positions; Invesco S&P 500 Top 50 ETF (XLG, by Invesco) holds 51. They have 21 holdings in common, and by portfolio weight the two funds are 52.6% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 52.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 21QQQ holds 101 · XLG holds 51
- Weight in Shared Holdings
- QQQ 63%·XLG 71%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
80 of 101 positions (37.1% of the fund) are not held by XLG. Showing the top 30 by weight.
Sector Breakdown
| Sector | QQQ | XLG |
|---|---|---|
| Information Technology | 49.7% | 43.7% |
| Communication Services | 16.0% | 17.0% |
| Consumer Discretionary | 12.6% | 11.3% |
| Financials | 0.2% | 9.6% |
| Consumer Staples | 8.5% | 5.8% |
| Other Sectors | 12.8% | 12.2% |
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% |
| XLG | +3.7% | +7.2% | +17.9% | +22.2% | +14.3% | +16.6% | 0.63% |
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 XLG →
Shared Holdings(21)
The top 10 shared positions account for 84% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. | 8.68% | 13.04% | 8.68% |
|---|---|---|---|
 AAPLApple Inc. | 7.63% | 10.71% | 7.63% |
 MSFTMicrosoft Corp. | 5.63% | 8.14% | 5.63% |
 AMZNAmazon.com, Inc. | 4.58% | 6.96% | 4.58% |
 METAMeta Platforms, Inc., Class A | 3.46% | 3.60% | 3.46% |
 GOOGLAlphabet Inc., Class A | 3.43% | 6.03% | 3.43% |
 GOOGAlphabet Inc., Class C | 3.20% | 4.80% | 3.20% |
 AVGOBroadcom Inc. | 3.01% | 4.83% | 3.01% |
 TSLATesla, Inc. | 3.80% | 2.89% | 2.89% |
 WMTWalmart Inc. | 3.43% | 1.56% | 1.56% |
 AMDAdvanced Micro Devices, Inc. | 1.88% | 1.55% | 1.55% |
 COSTCostco Wholesale Corp. | 2.50% | 1.21% | 1.21% |
 NFLXNetflix, Inc. | 2.30% | 1.06% | 1.06% |
 CSCOCisco Systems, Inc. | 1.73% | 0.97% | 0.97% |
 PLTRPalantir Technologies Inc., Class A | 1.90% | 0.85% | 0.85% |
 TXNTexas Instruments Inc. | 1.00% | 0.69% | 0.69% |
 LINLinde PLC | 1.30% | 0.63% | 0.63% |
 PEPPepsiCo, Inc. | 1.20% | 0.58% | 0.58% |
 ISRGIntuitive Surgical, Inc. | 0.93% | 0.44% | 0.44% |
 INTUIntuit Inc. | 0.68% | 0.29% | 0.29% |
 ADBEAdobe Inc. | 0.56% | 0.27% | 0.27% |
Frequently Asked Questions
How much do QQQ and XLG overlap?
QQQ and XLG overlap by 52.6% of portfolio weight. They share 21 holdings (QQQ holds 101 positions and XLG holds 51), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQQ and XLG?
The two portfolios are 52.6% 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 XLG?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and META. Together the top 10 shared positions account for 84% of the total overlap.
What does QQQ own that XLG doesn't?
80 positions (37.1% of QQQ) are unique to QQQ, led by MU, AMAT and LRCX. In the other direction, 30 positions (28.5% of XLG) are unique to XLG.