QQQ vs XSD: Holdings Overlap
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
XSDState Street® SPDR® S&P® Semiconductor ETF
State Street (SPDR) · 46 holdings · $2.9B · as of 2026-08-06
Holdings snapshots are 128 days apart (QQQ: 2026-03-31, XSD: 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 XSD?
Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101 positions; State Street® SPDR® S&P® Semiconductor ETF (XSD, by State Street (SPDR)) holds 46. They have 12 holdings in common, and by portfolio weight the two funds are 14.9% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 14.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 12QQQ holds 101 · XSD holds 46
- Weight in Shared Holdings
- QQQ 21%·XSD 29%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
89 of 101 positions (79.0% of the fund) are not held by XSD. Showing the top 30 by weight.
Sector Breakdown
| Sector | QQQ | XSD |
|---|---|---|
| Information Technology | 49.7% | 95.2% |
| 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% | 1.8% |
| Unclassified | 0.0% | 2.9% |
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. “Unclassified” is weight we could not classify (0% of QQQ, 3% of XSD).
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% |
| XSD | +1.8% | +69.5% | +104.0% | +35.6% | +22.7% | +27.6% | 0.14% |
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 XSD →
Shared Holdings(12)
The top 10 shared positions account for 97% of the overlap, led by AVGO, NVDA and MU.
 AVGOBroadcom Inc COM | 3.01% | 2.90% | 2.90% |
|---|---|---|---|
 NVDANVIDIA Corp. COM | 8.68% | 2.81% | 2.81% |
 MUMicron Technology Inc. COM | 2.15% | 2.54% | 2.15% |
 AMDAdvanced Micro Devices Inc. COM | 1.88% | 2.78% | 1.88% |
 INTCIntel Corporation COM | 1.25% | 2.39% | 1.25% |
 TXNTexas Instruments Inc. COM | 1.00% | 2.53% | 1.00% |
 ADIAnalog Devices Inc. COM | 0.88% | 2.47% | 0.88% |
 QCOMQUALCOMM Inc. COM | 0.78% | 2.15% | 0.78% |
 MRVLMarvell Technology Inc COM | 0.49% | 2.14% | 0.49% |
 MPWRMonolithic Power Systems Inc. COM | 0.30% | 2.37% | 0.30% |
 NXPINXP Semiconductors NV EUR0.20 | 0.28% | 2.08% | 0.28% |
 MCHPMicrochip Technology Incorporated COM | 0.20% | 2.17% | 0.20% |
Frequently Asked Questions
How much do QQQ and XSD overlap?
QQQ and XSD overlap by 14.9% of portfolio weight. They share 12 holdings (QQQ holds 101 positions and XSD holds 46), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQQ and XSD?
The two portfolios are 14.9% 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 XSD?
The largest positions held by both funds are AVGO, NVDA, MU, AMD and INTC. Together the top 10 shared positions account for 97% of the total overlap.
What does QQQ own that XSD doesn't?
89 positions (79.0% of QQQ) are unique to QQQ, led by AAPL, MSFT and AMZN. In the other direction, 34 positions (70.7% of XSD) are unique to XSD.