QQQ vs XLU: how much do they overlap?
Invesco QQQ Trust (QQQ) · Utilities Select Sector SPDR ETF (XLU)
overlap by weight · 4 shared holdings
QQQ: 101 holdings (as of 2026-03-31) · XLU: 32 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.
Low overlap
What this means
QQQ and XLU 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 XLU |
|---|---|---|---|
| Constellation Energy Corp. | CEG | 0.57% | 5.67% |
| American Electric Power Co., Inc. | AEP | 0.4% | 5.15% |
| Exelon Corp. | EXC | 0.28% | 3.36% |
| Xcel Energy Inc. | XEL | 0.28% | 3.49% |
FAQ
How much do QQQ and XLU overlap?
QQQ and XLU have a 1.5% overlap by weight, sharing 4 holdings (out of 101 in QQQ and 32 in XLU), based on official issuer holdings as of 2026-03-31.
What does 1.5% overlap mean?
QQQ and XLU hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do QQQ and XLU both hold?
The largest shared positions are Constellation Energy Corp., American Electric Power Co., Inc., Exelon Corp., Xcel Energy Inc.. The full list of top shared holdings with weights in each fund is shown on this page.