QQQ vs QYLD: how much do they overlap?
Invesco QQQ Trust (QQQ) · Global X NASDAQ 100 Covered Call ETF (QYLD)
overlap by weight · 100 shared holdings
QQQ: 101 holdings (as of 2026-03-31) · QYLD: 101 holdings (as of 2026-04-30)
Note: the two funds' latest official filings have different dates, which can understate overlap slightly for funds tracking similar indexes.
High overlap
What this means
QQQ and QYLD are largely the same portfolio. Holding both adds little diversification — most dollars end up in the same underlying stocks.
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.
Top shared holdings
| Company | Ticker | in QQQ | in QYLD |
|---|---|---|---|
| NVIDIA Corp. | NVDA | 8.68% | 8.85% |
| Apple Inc. | AAPL | 7.63% | 7.27% |
| Microsoft Corp. | MSFT | 5.63% | 5.53% |
| Amazon.com, Inc. | AMZN | 4.58% | 5.19% |
| Tesla, Inc. | TSLA | 3.8% | 3.48% |
| Alphabet Inc. | GOOGL | 3.43% | 4.09% |
| Meta Platforms, Inc. | META | 3.46% | 3.29% |
| Walmart Inc. | WMT | 3.43% | 3.25% |
| Alphabet Inc. | GOOG | 3.2% | 3.79% |
| Broadcom Inc. | AVGO | 3.01% | 3.61% |
FAQ
How much do QQQ and QYLD overlap?
QQQ and QYLD have a 95% overlap by weight, sharing 100 holdings (out of 101 in QQQ and 101 in QYLD), based on official issuer holdings as of 2026-03-31.
What does 95% overlap mean?
QQQ and QYLD are largely the same portfolio. Holding both adds little diversification — most dollars end up in the same underlying stocks.
Which stocks do QQQ and QYLD both hold?
The largest shared positions are NVIDIA Corp., Apple Inc., Microsoft Corp., Amazon.com, Inc., Tesla, Inc.. The full list of top shared holdings with weights in each fund is shown on this page.