QQQM vs XLK: Holdings Overlap
Invesco · 101 holdings · $97.1B · as of 2026-05-31
XLKState Street® Technology Select Sector SPDR® ETF
State Street (SPDR) · 73 holdings · $122.8B · as of 2026-08-06
Holdings snapshots are 67 days apart (QQQM: 2026-05-31, XLK: 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 QQQM and XLK?
Invesco NASDAQ 100 ETF (QQQM, by Invesco) holds 101 positions; State Street® Technology Select Sector SPDR® ETF (XLK, by State Street (SPDR)) holds 73. They have 35 holdings in common, and by portfolio weight the two funds are 54.8% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 54.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 35QQQM holds 101 · XLK holds 73
- Weight in Shared Holdings
- QQQM 56%·XLK 84%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
66 of 101 positions (43.6% of the fund) are not held by XLK. Showing the top 30 by weight.
Only in XLK
38 of 73 positions (16.2% of the fund) are not held by QQQM. Showing the top 30 by weight.
Sector Breakdown
| Sector | QQQM | XLK |
|---|---|---|
| Information Technology | 57.8% | 99.9% |
| Communication Services | 14.2% | 0.0% |
| Consumer Discretionary | 11.4% | 0.0% |
| Consumer Staples | 6.4% | 0.0% |
| Health Care | 3.7% | 0.0% |
| Other Sectors | 6.0% | 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 |
|---|---|---|---|---|---|---|---|
| QQQM | +1.9% | +18.0% | +27.7% | +25.3% | +15.2% | — | 0.44% |
| XLK | +4.9% | +30.9% | +43.5% | +30.7% | +20.3% | +24.4% | 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 XLK →
Shared Holdings(35)
The top 10 shared positions account for 72% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 8.13% | 14.35% | 8.13% |
|---|---|---|---|
 AAPLApple Inc. COM | 7.26% | 12.41% | 7.26% |
 MSFTMicrosoft Corp. COM | 5.30% | 10.04% | 5.30% |
 MUMicron Technology Inc. COM | 4.78% | 3.70% | 3.70% |
 AMDAdvanced Micro Devices Inc. COM | 3.68% | 4.11% | 3.68% |
 AVGOBroadcom Inc COM | 3.36% | 5.39% | 3.36% |
 INTCIntel Corporation COM | 2.51% | 3.11% | 2.51% |
 CSCOCisco Systems, Inc. COM | 2.08% | 3.15% | 2.08% |
 LRCXLam Research Corporation COM NEW | 1.74% | 2.53% | 1.74% |
 PLTRPalantir Technologies, Inc., Class A | 1.57% | 2.36% | 1.57% |
 AMATApplied Materials Inc. COM | 1.56% | 2.77% | 1.56% |
 TXNTexas Instruments Inc. COM | 1.21% | 1.67% | 1.21% |
 QCOMQUALCOMM Inc. COM | 1.17% | 1.12% | 1.12% |
 KLACKLA Corp. COM NEW | 1.10% | 1.67% | 1.10% |
 SNDKSandisk Corporation COM | 1.09% | 1.23% | 1.09% |
 PANWPalo Alto Networks Inc COM | 1.01% | 1.93% | 1.01% |
 ADIAnalog Devices Inc. COM | 0.88% | 1.22% | 0.88% |
 STXSeagate Technology Holdings PLC ORD SHS | 0.84% | 1.26% | 0.84% |
 CRWDCrowdStrike Holdings, Inc., Class A | 0.81% | 1.39% | 0.81% |
 WDCWestern Digital Corp. COM | 0.79% | 1.03% | 0.79% |
 MRVLMarvell Technology Inc COM | 0.78% | 1.22% | 0.78% |
 ADBEAdobe Inc COM | 0.46% | 0.69% | 0.46% |
 CDNSCadence Design Systems, Inc. COM | 0.45% | 0.62% | 0.45% |
 FTNTFortinet Inc COM | 0.45% | 0.66% | 0.45% |
 INTUIntuit Inc COM | 0.40% | 0.59% | 0.40% |
Frequently Asked Questions
How much do QQQM and XLK overlap?
QQQM and XLK overlap by 54.8% of portfolio weight. They share 35 holdings (QQQM holds 101 positions and XLK holds 73), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQQM and XLK?
The two portfolios are 54.8% 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 XLK?
The largest positions held by both funds are NVDA, AAPL, MSFT, MU and AMD. Together the top 10 shared positions account for 72% of the total overlap.
What does QQQM own that XLK doesn't?
66 positions (43.6% of QQQM) are unique to QQQM, led by AMZN, GOOGL and TSLA. In the other direction, 38 positions (16.2% of XLK) are unique to XLK.