QQQM vs XLK ETF holdings comparison
Invesco NASDAQ 100 ETF (QQQM) · Technology Select Sector SPDR ETF (XLK)
QQQM and XLK overlap by 55.1% by portfolio weight. The remaining 44.9 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 8.13% to the overlap.
The holdings dates differ. This can slightly understate overlap for funds tracking similar indexes.
What this means
QQQM 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 QQQM | in XLK |
|---|---|---|---|
| NVIDIA Corp. | NVDA | 8.13% | 14.22% |
| Apple Inc. | AAPL | 7.26% | 12.54% |
| Microsoft Corp. | MSFT | 5.30% | 10.07% |
| Micron Technology, Inc. | MU | 4.78% | 3.99% |
| Advanced Micro Devices, Inc. | AMD | 3.68% | 4.10% |
| Broadcom Inc. | AVGO | 3.36% | 4.66% |
| Intel Corp. | INTC | 2.51% | 2.91% |
| Cisco Systems, Inc. | CSCO | 2.08% | 2.95% |
| Lam Research Corp. | LRCX | 1.74% | 2.65% |
| Palantir Technologies Inc. | PLTR | 1.57% | 2.67% |
Holdings only in QQQM or XLK
QQQM has 66 fund-only positions representing approximately 43.6 percentage points of reported exposure; XLK has 38 fund-only positions representing approximately 16.4 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 QQQM
| Company | Ticker | Weight |
|---|---|---|
| Amazon.com, Inc. | AMZN | 4.60% |
| Alphabet Inc. | GOOGL | 3.51% |
| Tesla, Inc. | TSLA | 3.45% |
| Alphabet Inc. | GOOG | 3.24% |
| Meta Platforms, Inc. | META | 2.96% |
| Walmart Inc. | WMT | 2.47% |
| Costco Wholesale Corp. | COST | 1.86% |
| Netflix, Inc. | NFLX | 1.59% |
| Linde PLC | LIN | 1.01% |
| T-Mobile US, Inc. | TMUS | 0.90% |
Largest positions only in XLK
| Company | Ticker | Weight |
|---|---|---|
| Oracle Corp | ORCL | 1.65% |
| Intl Business Machines Corp | IBM | 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% |
| Motorola Solutions Inc | MSI | 0.54% |
FAQ
How much do QQQM and XLK overlap?
QQQM and XLK have 55.1% overlap by weight, sharing 35 equity positions (out of 101 in QQQM and 73 in XLK). The official holdings files used are dated 2026-05-31 for QQQM and 2026-08-25 for XLK.
What does 55.1% overlap mean?
QQQM 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 QQQM 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 QQQM and XLK?
QQQM has 66 positions not found in XLK, while XLK has 38 positions not found in QQQM. The largest fund-only positions and their weights are shown on this page.