QQQ vs SPY: how much do they overlap?
Invesco QQQ Trust (QQQ) · SPDR S&P 500 ETF Trust (SPY)
overlap by weight · 87 shared holdings
QQQ: 101 holdings (as of 2026-03-31) · SPY: 504 holdings (as of 09-Jul-2026)
Note: the two funds' latest official filings have different dates, which can understate overlap slightly for funds tracking similar indexes.
Moderate overlap
What this means
QQQ and SPY share a meaningful slice of holdings. They are related but not interchangeable; check the shared names below to see where your exposure doubles up.
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 SPY |
|---|---|---|---|
| NVIDIA Corp. | NVDA | 8.68% | 7.57% |
| Apple Inc. | AAPL | 7.63% | 7.16% |
| Microsoft Corp. | MSFT | 5.63% | 4.4% |
| Amazon.com, Inc. | AMZN | 4.58% | 3.73% |
| Alphabet Inc. | GOOGL | 3.43% | 3.24% |
| Broadcom Inc. | AVGO | 3.01% | 2.93% |
| Alphabet Inc. | GOOG | 3.2% | 2.6% |
| Meta Platforms, Inc. | META | 3.46% | 2.14% |
| Tesla, Inc. | TSLA | 3.8% | 1.76% |
| Micron Technology, Inc. | MU | 2.15% | 1.72% |
FAQ
How much do QQQ and SPY overlap?
QQQ and SPY have a 53.8% overlap by weight, sharing 87 holdings (out of 101 in QQQ and 504 in SPY), based on official issuer holdings as of 2026-03-31.
What does 53.8% overlap mean?
QQQ and SPY share a meaningful slice of holdings. They are related but not interchangeable; check the shared names below to see where your exposure doubles up.
Which stocks do QQQ and SPY both hold?
The largest shared positions are NVIDIA Corp., Apple Inc., Microsoft Corp., Amazon.com, Inc., Alphabet Inc.. The full list of top shared holdings with weights in each fund is shown on this page.