QQQ vs XLI: Holdings Overlap
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
XLIState Street® Industrial Select Sector SPDR® ETF
State Street (SPDR) · 83 holdings · $34.2B · as of 2026-08-06
Holdings snapshots are 128 days apart (QQQ: 2026-03-31, XLI: 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 XLI?
Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101 positions; State Street® Industrial Select Sector SPDR® ETF (XLI, by State Street (SPDR)) holds 83. They have 10 holdings in common, and by portfolio weight the two funds are 2.9% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 10QQQ holds 101 · XLI holds 83
- Weight in Shared Holdings
- QQQ 3%·XLI 10%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
91 of 101 positions (97.0% of the fund) are not held by XLI. Showing the top 30 by weight.
Sector Breakdown
| Sector | QQQ | XLI |
|---|---|---|
| Industrials | 4.2% | 99.9% |
| 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% |
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% |
| XLI | +1.5% | +20.0% | +24.5% | +20.8% | +14.0% | +14.2% | 1.11% |
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 XLI →
Shared Holdings(10)
The top 10 shared positions account for 100% of the overlap, led by ADP, CSX and CTAS.
 ADPAutomatic Data Processing, Inc. COM | 0.46% | 1.88% | 0.46% |
|---|---|---|---|
 CSXCSX Corporation COM | 0.43% | 1.62% | 0.43% |
 CTASCintas Corporation COM | 0.38% | 1.18% | 0.38% |
 PCARPaccar Inc COM | 0.34% | 1.20% | 0.34% |
 FASTFastenal Co. COM | 0.30% | 1.00% | 0.30% |
 ODFLOld Dominion Freight Line Inc. COM | 0.23% | 0.67% | 0.23% |
 AXONAxon Enterprise Inc COM | 0.19% | 0.72% | 0.19% |
 PAYXPaychex Inc COM | 0.19% | 0.67% | 0.19% |
 CPRTCopart Inc COM | 0.18% | 0.44% | 0.18% |
 VRSKVerisk Analytics, Inc., Class A | 0.15% | 0.43% | 0.15% |
Frequently Asked Questions
How much do QQQ and XLI overlap?
QQQ and XLI overlap by 2.9% of portfolio weight. They share 10 holdings (QQQ holds 101 positions and XLI holds 83), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQQ and XLI?
The two portfolios are 2.9% 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 XLI?
The largest positions held by both funds are ADP, CSX, CTAS, PCAR and FAST. Together the top 10 shared positions account for 100% of the total overlap.
What does QQQ own that XLI doesn't?
91 positions (97.0% of QQQ) are unique to QQQ, led by NVDA, AAPL and MSFT. In the other direction, 73 positions (90.1% of XLI) are unique to XLI.