QQQ vs XLP: Holdings Overlap
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
XLPState Street® Consumer Staples Select Sector SPDR® ETF
State Street (SPDR) · 34 holdings · $14.7B · as of 2026-08-06
Holdings snapshots are 128 days apart (QQQ: 2026-03-31, XLP: 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 XLP?
Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101 positions; State Street® Consumer Staples Select Sector SPDR® ETF (XLP, by State Street (SPDR)) holds 34. They have 7 holdings in common, and by portfolio weight the two funds are 8.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 7QQQ holds 101 · XLP holds 34
- Weight in Shared Holdings
- QQQ 8%·XLP 36%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
94 of 101 positions (91.6% of the fund) are not held by XLP. Showing the top 30 by weight.
Sector Breakdown
| Sector | QQQ | XLP |
|---|---|---|
| Consumer Staples | 8.5% | 99.8% |
| Information Technology | 49.7% | 0.0% |
| Communication Services | 16.0% | 0.0% |
| Consumer Discretionary | 12.6% | 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% |
| XLP | +0.3% | +11.0% | +6.4% | +7.1% | +6.5% | +7.4% | 2.58% |
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 XLP →
Shared Holdings(7)
The top 7 shared positions account for 100% of the overlap, led by WMT, COST and PEP.
 WMTWalmart Inc COM | 3.43% | 10.47% | 3.43% |
|---|---|---|---|
 COSTCostco Wholesale Corporation COM | 2.50% | 8.97% | 2.50% |
 PEPPepsico Inc COM | 1.20% | 4.33% | 1.20% |
 MDLZMondelez International, Inc., Class A | 0.42% | 4.41% | 0.42% |
 MNSTMonster Beverage Corp COM | 0.40% | 4.27% | 0.40% |
 KDPKeurig Dr Pepper Inc COM | 0.20% | 2.63% | 0.20% |
 KHCThe Kraft Heinz Co. COM | 0.15% | 1.35% | 0.15% |
Frequently Asked Questions
How much do QQQ and XLP overlap?
QQQ and XLP overlap by 8.3% of portfolio weight. They share 7 holdings (QQQ holds 101 positions and XLP holds 34), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQQ and XLP?
The two portfolios are 8.3% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of QQQ and XLP?
The largest positions held by both funds are WMT, COST, PEP, MDLZ and MNST. Together the top 7 shared positions account for 100% of the total overlap.
What does QQQ own that XLP doesn't?
94 positions (91.6% of QQQ) are unique to QQQ, led by NVDA, AAPL and MSFT. In the other direction, 27 positions (63.3% of XLP) are unique to XLP.