QQQM vs QQQ: Holdings Overlap
Invesco · 101 holdings · $97.1B · as of 2026-05-31
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
Holdings snapshots are 61 days apart (QQQM: 2026-05-31, QQQ: 2026-03-31). 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 QQQM and QQQ?
Invesco NASDAQ 100 ETF (QQQM, by Invesco) holds 101 positions; Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101. They have 98 holdings in common, and by portfolio weight the two funds are 88.6% identical. In practical terms the pair is essentially interchangeable, so holding both adds little diversification.
- Overlap by Weight
- 88.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 98QQQM holds 101 · QQQ holds 101
- Weight in Shared Holdings
- QQQM 98%·QQQ 100%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 QQQM
3 of 101 positions (1.5% of the fund) are not held by QQQ.
Sector Breakdown
| Sector | QQQM | QQQ |
|---|---|---|
| Information Technology | 57.8% | 49.7% |
| Communication Services | 14.2% | 16.0% |
| Consumer Discretionary | 11.4% | 12.6% |
| Consumer Staples | 6.4% | 8.5% |
| Health Care | 3.7% | 5.1% |
| Other Sectors | 6.0% | 8.0% |
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 |
|---|---|---|---|---|---|---|---|
| QQQM | +1.9% | +18.0% | +27.7% | +25.3% | +15.2% | — | 0.44% |
| QQQ | +1.9% | +18.0% | +27.6% | +25.2% | +15.2% | +20.8% | 0.42% |
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 QQQM vs QQQ →
Shared Holdings(98)
The top 10 shared positions account for 49% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. | 8.13% | 8.68% | 8.13% |
|---|---|---|---|
 AAPLApple Inc. | 7.26% | 7.63% | 7.26% |
 MSFTMicrosoft Corp. | 5.30% | 5.63% | 5.30% |
 AMZNAmazon.com, Inc. | 4.60% | 4.58% | 4.58% |
 TSLATesla, Inc. | 3.45% | 3.80% | 3.45% |
 GOOGLAlphabet Inc., Class A | 3.51% | 3.43% | 3.43% |
 GOOGAlphabet Inc., Class C | 3.24% | 3.20% | 3.20% |
 AVGOBroadcom Inc. | 3.36% | 3.01% | 3.01% |
 METAMeta Platforms, Inc., Class A | 2.96% | 3.46% | 2.96% |
 WMTWalmart Inc. | 2.47% | 3.43% | 2.47% |
 MUMicron Technology, Inc. | 4.78% | 2.15% | 2.15% |
 AMDAdvanced Micro Devices, Inc. | 3.68% | 1.88% | 1.88% |
 COSTCostco Wholesale Corp. | 1.86% | 2.50% | 1.86% |
 CSCOCisco Systems, Inc. | 2.08% | 1.73% | 1.73% |
 NFLXNetflix, Inc. | 1.59% | 2.30% | 1.59% |
 PLTRPalantir Technologies Inc., Class A | 1.57% | 1.90% | 1.57% |
 AMATApplied Materials, Inc. | 1.56% | 1.53% | 1.53% |
 LRCXLam Research Corp. | 1.74% | 1.51% | 1.51% |
 INTCIntel Corp. | 2.51% | 1.25% | 1.25% |
 KLACKLA Corp. | 1.10% | 1.09% | 1.09% |
 LINLinde PLC | 1.01% | 1.30% | 1.01% |
 TXNTexas Instruments Inc. | 1.21% | 1.00% | 1.00% |
 TMUST-Mobile US, Inc. | 0.90% | 1.31% | 0.90% |
 ADIAnalog Devices, Inc. | 0.88% | 0.88% | 0.88% |
 PEPPepsiCo, Inc. | 0.86% | 1.20% | 0.86% |
Frequently Asked Questions
How much do QQQM and QQQ overlap?
QQQM and QQQ overlap by 88.6% of portfolio weight. They share 98 holdings (QQQM holds 101 positions and QQQ holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQQM and QQQ?
The two portfolios are 88.6% identical by weight. Owning both is largely redundant: they are close to the same portfolio, so a second position mostly duplicates the first.
What are the biggest shared holdings of QQQM and QQQ?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and TSLA. Together the top 10 shared positions account for 49% of the total overlap.
What does QQQM own that QQQ doesn't?
3 positions (1.5% of QQQM) are unique to QQQM, led by SNDK, LITE and TRI. In the other direction, 3 positions (0.4% of QQQ) are unique to QQQ.