QQQM vs XLG: Holdings Overlap
Invesco · 101 holdings · $97.1B · as of 2026-05-31
Invesco · 51 holdings · $10.7B · as of 2026-04-30
Holdings snapshots are 31 days apart (QQQM: 2026-05-31, XLG: 2026-04-30). 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 XLG?
Invesco NASDAQ 100 ETF (QQQM, by Invesco) holds 101 positions; Invesco S&P 500 Top 50 ETF (XLG, by Invesco) holds 51. They have 21 holdings in common, and by portfolio weight the two funds are 51.4% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 51.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 21QQQM holds 101 · XLG holds 51
- Weight in Shared Holdings
- QQQM 60%·XLG 71%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
80 of 101 positions (39.9% of the fund) are not held by XLG. Showing the top 30 by weight.
Sector Breakdown
| Sector | QQQM | XLG |
|---|---|---|
| Information Technology | 57.8% | 43.7% |
| Communication Services | 14.2% | 17.0% |
| Consumer Discretionary | 11.4% | 11.3% |
| Financials | 0.2% | 9.6% |
| Health Care | 3.7% | 7.0% |
| Other Sectors | 12.3% | 11.0% |
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% |
| XLG | +3.7% | +7.2% | +17.9% | +22.2% | +14.3% | +16.6% | 0.63% |
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 XLG →
Shared Holdings(21)
The top 10 shared positions account for 83% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. | 8.13% | 13.04% | 8.13% |
|---|---|---|---|
 AAPLApple Inc. | 7.26% | 10.71% | 7.26% |
 MSFTMicrosoft Corp. | 5.30% | 8.14% | 5.30% |
 AMZNAmazon.com, Inc. | 4.60% | 6.96% | 4.60% |
 GOOGLAlphabet Inc., Class A | 3.51% | 6.03% | 3.51% |
 AVGOBroadcom Inc. | 3.36% | 4.83% | 3.36% |
 GOOGAlphabet Inc., Class C | 3.24% | 4.80% | 3.24% |
 METAMeta Platforms, Inc., Class A | 2.96% | 3.60% | 2.96% |
 TSLATesla, Inc. | 3.45% | 2.89% | 2.89% |
 WMTWalmart Inc. | 2.47% | 1.56% | 1.56% |
 AMDAdvanced Micro Devices, Inc. | 3.68% | 1.55% | 1.55% |
 COSTCostco Wholesale Corp. | 1.86% | 1.21% | 1.21% |
 NFLXNetflix, Inc. | 1.59% | 1.06% | 1.06% |
 CSCOCisco Systems, Inc. | 2.08% | 0.97% | 0.97% |
 PLTRPalantir Technologies Inc., Class A | 1.57% | 0.85% | 0.85% |
 TXNTexas Instruments Inc. | 1.21% | 0.69% | 0.69% |
 LINLinde PLC | 1.01% | 0.63% | 0.63% |
 PEPPepsiCo, Inc. | 0.86% | 0.58% | 0.58% |
 ISRGIntuitive Surgical, Inc. | 0.66% | 0.44% | 0.44% |
 INTUIntuit Inc. | 0.40% | 0.29% | 0.29% |
 ADBEAdobe Inc. | 0.46% | 0.27% | 0.27% |
Frequently Asked Questions
How much do QQQM and XLG overlap?
QQQM and XLG overlap by 51.4% of portfolio weight. They share 21 holdings (QQQM holds 101 positions and XLG holds 51), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQQM and XLG?
The two portfolios are 51.4% 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 QQQM and XLG?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and GOOGL. Together the top 10 shared positions account for 83% of the total overlap.
What does QQQM own that XLG doesn't?
80 positions (39.9% of QQQM) are unique to QQQM, led by MU, INTC and LRCX. In the other direction, 30 positions (28.5% of XLG) are unique to XLG.