QQQ vs XLY: Holdings Overlap
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
XLYState Street® Consumer Discretionary Select Sector SPDR® ETF
State Street (SPDR) · 47 holdings · $23.4B · as of 2026-08-06
Holdings snapshots are 128 days apart (QQQ: 2026-03-31, XLY: 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 XLY?
Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101 positions; State Street® Consumer Discretionary Select Sector SPDR® ETF (XLY, by State Street (SPDR)) holds 47. They have 9 holdings in common, and by portfolio weight the two funds are 11.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 11.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 9QQQ holds 101 · XLY holds 47
- Weight in Shared Holdings
- QQQ 12%·XLY 56%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
92 of 101 positions (88.2% of the fund) are not held by XLY. Showing the top 30 by weight.
Sector Breakdown
| Sector | QQQ | XLY |
|---|---|---|
| Consumer Discretionary | 12.6% | 99.9% |
| Information Technology | 49.7% | 0.0% |
| Communication Services | 16.0% | 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% |
| XLY | +2.1% | +0.8% | +8.1% | +12.3% | +6.7% | +12.6% | 0.75% |
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 XLY →
Shared Holdings(9)
The top 9 shared positions account for 100% of the overlap, led by AMZN, TSLA and BKNG.
 AMZNAmazon.com, Inc. COM | 4.58% | 25.21% | 4.58% |
|---|---|---|---|
 TSLATesla Inc COM | 3.80% | 14.82% | 3.80% |
 BKNGBooking Holdings Inc COM | 0.75% | 3.97% | 0.75% |
 SBUXStarbucks Corp. COM | 0.58% | 2.96% | 0.58% |
 MARMarriott International, Inc., Class A | 0.49% | 1.95% | 0.49% |
 ORLYO'Reilly Automotive Inc. COM | 0.44% | 1.91% | 0.44% |
 ROSTRoss Stores Inc COM | 0.40% | 2.02% | 0.40% |
 DASHDoorDash, Inc., Class A | 0.35% | 1.99% | 0.35% |
 ABNBAirbnb, Inc., Class A | 0.30% | 1.57% | 0.30% |
Frequently Asked Questions
How much do QQQ and XLY overlap?
QQQ and XLY overlap by 11.7% of portfolio weight. They share 9 holdings (QQQ holds 101 positions and XLY holds 47), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQQ and XLY?
The two portfolios are 11.7% 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 XLY?
The largest positions held by both funds are AMZN, TSLA, BKNG, SBUX and MAR. Together the top 9 shared positions account for 100% of the total overlap.
What does QQQ own that XLY doesn't?
92 positions (88.2% of QQQ) are unique to QQQ, led by NVDA, AAPL and MSFT. In the other direction, 38 positions (43.5% of XLY) are unique to XLY.