QQQ vs XLV: Holdings Overlap
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
XLVState Street® Health Care Select Sector SPDR® ETF
State Street (SPDR) · 61 holdings · $41.9B · as of 2026-08-06
Holdings snapshots are 128 days apart (QQQ: 2026-03-31, XLV: 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 XLV?
Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101 positions; State Street® Health Care Select Sector SPDR® ETF (XLV, by State Street (SPDR)) holds 61. They have 8 holdings in common, and by portfolio weight the two funds are 4.7% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 4.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 8QQQ holds 101 · XLV holds 61
- Weight in Shared Holdings
- QQQ 5%·XLV 14%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
93 of 101 positions (95.2% of the fund) are not held by XLV. Showing the top 30 by weight.
Sector Breakdown
| Sector | QQQ | XLV |
|---|---|---|
| Health Care | 5.1% | 99.8% |
| 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 | 8.0% | 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% |
| XLV | +0.8% | +7.9% | +30.7% | +9.2% | +6.2% | +10.0% | 1.53% |
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 XLV →
Shared Holdings(8)
The top 8 shared positions account for 100% of the overlap, led by AMGN, GILD and ISRG.
 AMGNAmgen Inc. COM | 1.07% | 3.68% | 1.07% |
|---|---|---|---|
 GILDGilead Sciences Inc. COM | 0.98% | 2.74% | 0.98% |
 ISRGIntuitive Surgical Inc. COM NEW | 0.93% | 2.23% | 0.93% |
 VRTXVertex Pharmaceuticals Incorporated COM | 0.64% | 2.07% | 0.64% |
 REGNRegeneron Pharmaceuticals, Inc. COM | 0.45% | 1.30% | 0.45% |
 IDXXIDEXX Laboratories Inc. COM | 0.25% | 0.78% | 0.25% |
 GEHCGE Healthcare Technologies Inc. COMMON STOCK | 0.18% | 0.54% | 0.18% |
 DXCMDexCom Inc COM | 0.14% | 0.54% | 0.14% |
Frequently Asked Questions
How much do QQQ and XLV overlap?
QQQ and XLV overlap by 4.7% of portfolio weight. They share 8 holdings (QQQ holds 101 positions and XLV holds 61), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQQ and XLV?
The two portfolios are 4.7% 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 XLV?
The largest positions held by both funds are AMGN, GILD, ISRG, VRTX and REGN. Together the top 8 shared positions account for 100% of the total overlap.
What does QQQ own that XLV doesn't?
93 positions (95.2% of QQQ) are unique to QQQ, led by NVDA, AAPL and MSFT. In the other direction, 53 positions (85.9% of XLV) are unique to XLV.