QQQ vs XLK: Holdings Overlap
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
XLKState Street® Technology Select Sector SPDR® ETF
State Street (SPDR) · 73 holdings · $122.8B · as of 2026-08-06
Holdings snapshots are 128 days apart (QQQ: 2026-03-31, XLK: 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 XLK?
Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101 positions; State Street® Technology Select Sector SPDR® ETF (XLK, by State Street (SPDR)) holds 73. They have 33 holdings in common, and by portfolio weight the two funds are 47.6% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 47.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 33QQQ holds 101 · XLK holds 73
- Weight in Shared Holdings
- QQQ 48%·XLK 82%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
68 of 101 positions (52.2% of the fund) are not held by XLK. Showing the top 30 by weight.
Only in XLK
40 of 73 positions (17.8% of the fund) are not held by QQQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | QQQ | XLK |
|---|---|---|
| Information Technology | 49.7% | 99.9% |
| Communication Services | 16.0% | 0.0% |
| Consumer Discretionary | 12.6% | 0.0% |
| Consumer Staples | 8.5% | 0.0% |
| Health Care | 5.1% | 0.0% |
| Other Sectors | 8.0% | 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% |
| XLK | +4.9% | +30.9% | +43.5% | +30.7% | +20.3% | +24.4% | 0.42% |
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 XLK →
Shared Holdings(33)
The top 10 shared positions account for 75% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 8.68% | 14.35% | 8.68% |
|---|---|---|---|
 AAPLApple Inc. COM | 7.63% | 12.41% | 7.63% |
 MSFTMicrosoft Corp. COM | 5.63% | 10.04% | 5.63% |
 AVGOBroadcom Inc COM | 3.01% | 5.39% | 3.01% |
 MUMicron Technology Inc. COM | 2.15% | 3.70% | 2.15% |
 PLTRPalantir Technologies, Inc., Class A | 1.90% | 2.36% | 1.90% |
 AMDAdvanced Micro Devices Inc. COM | 1.88% | 4.11% | 1.88% |
 CSCOCisco Systems, Inc. COM | 1.73% | 3.15% | 1.73% |
 AMATApplied Materials Inc. COM | 1.53% | 2.77% | 1.53% |
 LRCXLam Research Corporation COM NEW | 1.51% | 2.53% | 1.51% |
 INTCIntel Corporation COM | 1.25% | 3.11% | 1.25% |
 KLACKLA Corp. COM NEW | 1.09% | 1.67% | 1.09% |
 TXNTexas Instruments Inc. COM | 1.00% | 1.67% | 1.00% |
 ADIAnalog Devices Inc. COM | 0.88% | 1.22% | 0.88% |
 QCOMQUALCOMM Inc. COM | 0.78% | 1.12% | 0.78% |
 PANWPalo Alto Networks Inc COM | 0.74% | 1.93% | 0.74% |
 INTUIntuit Inc COM | 0.68% | 0.59% | 0.59% |
 ADBEAdobe Inc COM | 0.56% | 0.69% | 0.56% |
 CRWDCrowdStrike Holdings, Inc., Class A | 0.56% | 1.39% | 0.56% |
 WDCWestern Digital Corp. COM | 0.52% | 1.03% | 0.52% |
 MRVLMarvell Technology Inc COM | 0.49% | 1.22% | 0.49% |
 STXSeagate Technology Holdings PLC ORD SHS | 0.48% | 1.26% | 0.48% |
 CDNSCadence Design Systems, Inc. COM | 0.43% | 0.62% | 0.43% |
 SNPSSynopsys Inc COM | 0.43% | 0.51% | 0.43% |
 FTNTFortinet Inc COM | 0.34% | 0.66% | 0.34% |
Frequently Asked Questions
How much do QQQ and XLK overlap?
QQQ and XLK overlap by 47.6% of portfolio weight. They share 33 holdings (QQQ holds 101 positions and XLK holds 73), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQQ and XLK?
The two portfolios are 47.6% 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 XLK?
The largest positions held by both funds are NVDA, AAPL, MSFT, AVGO and MU. Together the top 10 shared positions account for 75% of the total overlap.
What does QQQ own that XLK doesn't?
68 positions (52.2% of QQQ) are unique to QQQ, led by AMZN, TSLA and META. In the other direction, 40 positions (17.8% of XLK) are unique to XLK.