QQQ vs SMH: how much do they overlap?
Invesco QQQ Trust (QQQ) · VanEck Semiconductor ETF (SMH)
overlap by weight · 19 shared holdings
QQQ: 101 holdings (as of 2026-03-31) · SMH: 25 holdings (as of 2026-03-31)
Low overlap
What this means
QQQ and SMH hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
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 SMH |
|---|---|---|---|
| NVIDIA Corp. | NVDA | 8.68% | 19.64% |
| Broadcom Inc. | AVGO | 3.01% | 7.79% |
| Micron Technology, Inc. | MU | 2.15% | 4.23% |
| Advanced Micro Devices, Inc. | AMD | 1.88% | 4.68% |
| Applied Materials, Inc. | AMAT | 1.53% | 4.59% |
| Lam Research Corp. | LRCX | 1.51% | 4.6% |
| Intel Corp. | INTC | 1.25% | 4.34% |
| KLA Corp. | KLAC | 1.09% | 4.74% |
| Texas Instruments Inc. | TXN | 1% | 4.61% |
| Analog Devices, Inc. | ADI | 0.88% | 4.7% |
FAQ
How much do QQQ and SMH overlap?
QQQ and SMH have a 26.7% overlap by weight, sharing 19 holdings (out of 101 in QQQ and 25 in SMH), based on official issuer holdings as of 2026-03-31.
What does 26.7% overlap mean?
QQQ and SMH hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do QQQ and SMH both hold?
The largest shared positions are NVIDIA Corp., Broadcom Inc., Micron Technology, Inc., Advanced Micro Devices, Inc., Applied Materials, Inc.. The full list of top shared holdings with weights in each fund is shown on this page.