QQQ vs QQQM ETF holdings comparison
Invesco QQQ Trust (QQQ) · Invesco NASDAQ 100 ETF (QQQM)
QQQ and QQQM overlap by 91.7% by portfolio weight. The remaining 8.3 percentage points are not counted as shared holdings weight by this calculation. They share 95 stocks; the largest shared position is NVIDIA Corp. (NVDA), contributing 7.60% to the overlap.
The holdings dates differ. This can slightly understate overlap for funds tracking similar indexes.
What this means
QQQ and QQQM share most of their portfolio weight in the same underlying stocks. OverlapCheck labels this "high holdings overlap" using house ranges of 70% or more, 30% to under 70%, and under 30%. These descriptive ranges are not industry standards or investment guidance. Holdings overlap does not measure correlation, volatility, geographic or factor exposure, fees, or suitability.
Overlap by weight sums the smaller of the two funds' weights for every stock they both hold. It answers "how much of my money is in the same stocks either way?" See methodology.
This comparison covers normalized equity positions represented in the dataset. Cash, derivatives, options, structured notes, and other non-equity assets are not included, so the result is not a complete comparison of every asset or risk in either fund.
Top shared holdings
| Company | Ticker | in QQQ | in QQQM |
|---|---|---|---|
| NVIDIA Corp. | NVDA | 7.60% | 8.13% |
| Apple Inc. | AAPL | 6.67% | 7.26% |
| Micron Technology, Inc. | MU | 5.64% | 4.78% |
| Microsoft Corp. | MSFT | 4.35% | 5.30% |
| Amazon.com, Inc. | AMZN | 4.02% | 4.60% |
| Advanced Micro Devices, Inc. | AMD | 4.10% | 3.68% |
| Tesla, Inc. | TSLA | 3.30% | 3.45% |
| Alphabet Inc. | GOOGL | 3.27% | 3.51% |
| Alphabet Inc. | GOOG | 3.02% | 3.24% |
| Broadcom Inc. | AVGO | 2.81% | 3.36% |
Holdings only in QQQ or QQQM
QQQ has 7 fund-only positions representing approximately 2.0 percentage points of reported exposure; QQQM has 6 fund-only positions representing approximately 1.2 percentage points of reported exposure. These are positions whose normalized security identifiers appear in one issuer file but not the other.
Largest positions only in QQQ
| Company | Ticker | Weight |
|---|---|---|
| Astera Labs, Inc. | ALAB | 0.36% |
| Teradyne, Inc. | TER | 0.33% |
| Honeywell International Inc. | HON | 0.31% |
| Honeywell Aerospace Inc. | HONA | 0.30% |
| Nebius Group N.V. | NBIS | 0.26% |
| Rocket Lab Corp. | RKLB | 0.25% |
| CoreWeave, Inc. | CRWV | 0.19% |
Largest positions only in QQQM
| Company | Ticker | Weight |
|---|---|---|
| Honeywell International Inc. | HON | 0.66% |
| Cognizant Technology Solutions Corp. | CTSH | 0.12% |
| Verisk Analytics, Inc. | VRSK | 0.11% |
| Insmed Inc. | INSM | 0.10% |
| Zscaler, Inc. | ZS | 0.10% |
| Charter Communications, Inc. | CHTR | 0.08% |
FAQ
How much do QQQ and QQQM overlap?
QQQ and QQQM have 91.7% overlap by weight, sharing 95 equity positions (out of 102 in QQQ and 101 in QQQM). The official holdings files used are dated 2026-06-30 for QQQ and 2026-05-31 for QQQM.
What does 91.7% overlap mean?
QQQ and QQQM share most of their portfolio weight in the same underlying stocks. OverlapCheck labels this "high holdings overlap" using house ranges of 70% or more, 30% to under 70%, and under 30%. These descriptive ranges are not industry standards or investment guidance. Holdings overlap does not measure correlation, volatility, geographic or factor exposure, fees, or suitability.
Which stocks do QQQ and QQQM both hold?
The largest shared positions are NVIDIA Corp., Apple Inc., Micron Technology, Inc., Microsoft Corp., Amazon.com, Inc.. The top shared holdings with weights in each fund are shown on this page.
What holdings are different between QQQ and QQQM?
QQQ has 7 positions not found in QQQM, while QQQM has 6 positions not found in QQQ. The largest fund-only positions and their weights are shown on this page.