QQQ vs XLK ETF holdings comparison
Invesco QQQ Trust (QQQ) · Technology Select Sector SPDR ETF (XLK)
QQQ and XLK overlap by 55.2% by portfolio weight. The remaining 44.8 percentage points are not counted as shared holdings weight by this calculation. They share 35 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 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 | 7.60% | 15.42% |
| Apple Inc. | AAPL | 6.67% | 13.73% |
| Microsoft Corp. | MSFT | 4.35% | 10.73% |
| Micron Technology, Inc. | MU | 5.64% | 4.29% |
| Advanced Micro Devices, Inc. | AMD | 4.10% | 5.07% |
| Intel Corp. | INTC | 3.04% | 2.98% |
| Broadcom Inc. | AVGO | 2.81% | 4.74% |
| Applied Materials, Inc. | AMAT | 2.49% | 2.26% |
| Lam Research Corp. | LRCX | 2.35% | 2.25% |
| Cisco Systems, Inc. | CSCO | 2.01% | 2.53% |
Holdings only in QQQ or XLK
QQQ has 67 fund-only positions representing approximately 42.4 percentage points of reported exposure; XLK has 41 fund-only positions representing approximately 14.8 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 | 4.02% |
| Tesla, Inc. | TSLA | 3.30% |
| Alphabet Inc. | GOOGL | 3.27% |
| Alphabet Inc. | GOOG | 3.02% |
| Meta Platforms, Inc. | META | 2.62% |
| Walmart Inc. | WMT | 2.39% |
| Costco Wholesale Corp. | COST | 1.80% |
| Netflix, Inc. | NFLX | 1.30% |
| Linde PLC | LIN | 1.04% |
| Amgen Inc. | AMGN | 0.85% |
Largest positions only in XLK
| Company | Ticker | Weight |
|---|---|---|
| Oracle Corp | ORCL | 1.31% |
| Arista Networks Inc | ANET | 1.24% |
| Intl Business Machines Corp | IBM | 1.20% |
| Amphenol Corp Cl A | APH | 1.18% |
| Salesforce Inc | CRM | 1.04% |
| Dell Technologies C | DELL | 0.97% |
| Servicenow Inc | NOW | 0.81% |
| Accenture Plc Cl A | ACN | 0.71% |
| Corning Inc | GLW | 0.68% |
| Hewlett Packard Enterprise | HPE | 0.53% |
FAQ
How much do QQQ and XLK overlap?
QQQ and XLK have 55.2% overlap by weight, sharing 35 equity positions (out of 102 in QQQ and 76 in XLK). The official holdings files used are dated 2026-06-30 for QQQ and 2026-10-08 for XLK.
What does 55.2% 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., Micron Technology, Inc., Advanced Micro Devices, 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 67 positions not found in XLK, while XLK has 41 positions not found in QQQ. The largest fund-only positions and their weights are shown on this page.