QQQI vs SPY: Holdings Overlap
QQQINEOS Nasdaq-100(R) High Income ETF
NEOS · 101 holdings · $13.9B · as of 2026-03-31
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
Holdings snapshots are 128 days apart (QQQI: 2026-03-31, SPY: 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 QQQI and SPY?
NEOS Nasdaq-100(R) High Income ETF (QQQI, by NEOS) holds 101 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 86 holdings in common, and by portfolio weight the two funds are 53.6% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 53.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 86QQQI holds 101 · SPY holds 504
- Weight in Shared Holdings
- QQQI 94%·SPY 54%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 QQQI
15 of 101 positions (5.0% of the fund) are not held by SPY.
Sector Breakdown
| Sector | QQQI | SPY |
|---|---|---|
| Information Technology | 49.3% | 37.6% |
| Communication Services | 15.9% | 9.7% |
| Consumer Discretionary | 12.5% | 9.3% |
| Financials | 0.2% | 12.3% |
| Health Care | 5.0% | 8.9% |
| Other Sectors | 16.1% | 22.1% |
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 |
|---|---|---|---|---|---|---|---|
| QQQI | +1.3% | +11.3% | +20.0% | — | — | — | 13.81% |
| SPY | +3.4% | +14.0% | +23.7% | +21.2% | +13.3% | +15.3% | 0.97% |
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 QQQI vs SPY →
Shared Holdings(86)
The top 10 shared positions account for 71% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 8.64% | 8.00% | 8.00% |
|---|---|---|---|
 AAPLApple Inc. COM | 7.67% | 6.92% | 6.92% |
 MSFTMicrosoft Corp. COM | 5.62% | 5.60% | 5.60% |
 AMZNAmazon.com, Inc. COM | 4.54% | 4.02% | 4.02% |
 GOOGLAlphabet Inc. CAP STK CL A | 3.41% | 3.16% | 3.16% |
 AVGOBroadcom Inc COM | 2.98% | 3.00% | 2.98% |
 GOOGAlphabet Inc. CAP STK CL C | 3.17% | 2.54% | 2.54% |
 METAMeta Platforms, Inc., Class A | 3.42% | 1.95% | 1.95% |
 MUMicron Technology Inc. COM | 2.14% | 1.50% | 1.50% |
 TSLATesla Inc COM | 3.80% | 1.36% | 1.36% |
 AMDAdvanced Micro Devices Inc. COM | 1.87% | 1.20% | 1.20% |
 WMTWalmart Inc COM | 3.42% | 0.74% | 0.74% |
 CSCOCisco Systems, Inc. COM | 1.72% | 0.72% | 0.72% |
 INTCIntel Corporation COM | 1.18% | 0.71% | 0.71% |
 COSTCostco Wholesale Corporation COM | 2.49% | 0.63% | 0.63% |
 AMATApplied Materials Inc. COM | 1.53% | 0.63% | 0.63% |
 LRCXLam Research Corporation COM NEW | 1.51% | 0.58% | 0.58% |
 PLTRPalantir Technologies, Inc., Class A | 1.89% | 0.54% | 0.54% |
 NFLXNetflix, Inc. COM | 2.29% | 0.47% | 0.47% |
 PANWPalo Alto Networks Inc COM | 0.74% | 0.44% | 0.44% |
 TXNTexas Instruments Inc. COM | 0.99% | 0.38% | 0.38% |
 KLACKLA Corp. COM NEW | 1.08% | 0.38% | 0.38% |
 LINLinde PLC COM EUR0.001 | 1.30% | 0.34% | 0.34% |
 AMGNAmgen Inc. COM | 1.06% | 0.33% | 0.33% |
 CRWDCrowdstrike Holdings, Inc., Class A | 0.54% | 0.32% | 0.32% |
Frequently Asked Questions
How much do QQQI and SPY overlap?
QQQI and SPY overlap by 53.6% of portfolio weight. They share 86 holdings (QQQI holds 101 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQQI and SPY?
The two portfolios are 53.6% 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 QQQI and SPY?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and GOOGL. Together the top 10 shared positions account for 71% of the total overlap.
What does QQQI own that SPY doesn't?
15 positions (5.0% of QQQI) are unique to QQQI, led by SHOP, HON and ASML. In the other direction, 418 positions (46.3% of SPY) are unique to SPY.