QQQ vs XLK ETF holdings comparison
Invesco QQQ Trust (QQQ) · Technology Select Sector SPDR ETF (XLK)
QQQ and XLK overlap by 47.7% by portfolio weight. The remaining 52.3 percentage points are not counted as shared holdings weight by this calculation. They share 33 stocks; the largest shared position is NVIDIA Corp. (NVDA), contributing 8.68% to the overlap.
The holdings dates differ. This can slightly understate overlap for funds tracking similar indexes.
What this means
QQQ and XLK share a material portion of their portfolio weight in the same underlying stocks. OverlapCheck labels this "moderate 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 XLK |
|---|---|---|---|
| NVIDIA Corp. | NVDA | 8.68% | 14.22% |
| Apple Inc. | AAPL | 7.63% | 12.54% |
| Microsoft Corp. | MSFT | 5.63% | 10.07% |
| Broadcom Inc. | AVGO | 3.01% | 4.66% |
| Micron Technology, Inc. | MU | 2.15% | 3.99% |
| Palantir Technologies Inc. | PLTR | 1.90% | 2.67% |
| Advanced Micro Devices, Inc. | AMD | 1.88% | 4.10% |
| Cisco Systems, Inc. | CSCO | 1.73% | 2.95% |
| Applied Materials, Inc. | AMAT | 1.53% | 2.56% |
| Lam Research Corp. | LRCX | 1.51% | 2.65% |
Holdings only in QQQ or XLK
QQQ has 68 fund-only positions representing approximately 52.2 percentage points of reported exposure; XLK has 40 fund-only positions representing approximately 18.3 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 |
|---|---|---|
| Amazon.com, Inc. | AMZN | 4.58% |
| Tesla, Inc. | TSLA | 3.80% |
| Meta Platforms, Inc. | META | 3.46% |
| Walmart Inc. | WMT | 3.43% |
| Alphabet Inc. | GOOGL | 3.43% |
| Alphabet Inc. | GOOG | 3.20% |
| Costco Wholesale Corp. | COST | 2.50% |
| Netflix, Inc. | NFLX | 2.30% |
| T-Mobile US, Inc. | TMUS | 1.31% |
| Linde PLC | LIN | 1.30% |
Largest positions only in XLK
| Company | Ticker | Weight |
|---|---|---|
| Oracle Corp | ORCL | 1.65% |
| Intl Business Machines Corp | IBM | 1.48% |
| Sandisk Corp | SNDK | 1.48% |
| Arista Networks Inc | ANET | 1.33% |
| Amphenol Corp Cl A | APH | 1.31% |
| Salesforce Inc | CRM | 1.13% |
| Servicenow Inc | NOW | 0.88% |
| Dell Technologies C | DELL | 0.88% |
| Corning Inc | GLW | 0.78% |
| Accenture Plc Cl A | ACN | 0.77% |
FAQ
How much do QQQ and XLK overlap?
QQQ and XLK have 47.7% overlap by weight, sharing 33 equity positions (out of 101 in QQQ and 73 in XLK). The official holdings files used are dated 2026-03-31 for QQQ and 2026-08-25 for XLK.
What does 47.7% overlap mean?
QQQ and XLK share a material portion of their portfolio weight in the same underlying stocks. OverlapCheck labels this "moderate 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 XLK both hold?
The largest shared positions are NVIDIA Corp., Apple Inc., Microsoft Corp., Broadcom Inc., Micron Technology, Inc.. The top shared holdings with weights in each fund are shown on this page.
What holdings are different between QQQ and XLK?
QQQ has 68 positions not found in XLK, while XLK has 40 positions not found in QQQ. The largest fund-only positions and their weights are shown on this page.