QQQM vs XLV: how much do they overlap?
Invesco NASDAQ 100 ETF (QQQM) · Health Care Select Sector SPDR ETF (XLV)
overlap by weight · 8 shared holdings
QQQM: 101 holdings (as of 2026-02-28) · XLV: 61 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
QQQM and XLV 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 QQQM | in XLV |
|---|---|---|---|
| Amgen Inc. | AMGN | 1.12% | 3.35% |
| Gilead Sciences, Inc. | GILD | 0.99% | 2.85% |
| Intuitive Surgical, Inc. | ISRG | 0.96% | 2.48% |
| Vertex Pharmaceuticals Inc. | VRTX | 0.68% | 2.15% |
| Regeneron Pharmaceuticals, Inc. | REGN | 0.43% | 1.14% |
| IDEXX Laboratories, Inc. | IDXX | 0.28% | 0.75% |
| GE HealthCare Technologies Inc. | GEHC | 0.21% | 0.5% |
| DexCom, Inc. | DXCM | 0.15% | 0.48% |
FAQ
How much do QQQM and XLV overlap?
QQQM and XLV have a 4.8% overlap by weight, sharing 8 holdings (out of 101 in QQQM and 61 in XLV), based on official issuer holdings as of 2026-02-28.
What does 4.8% overlap mean?
QQQM and XLV hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do QQQM and XLV both hold?
The largest shared positions are Amgen Inc., Gilead Sciences, Inc., Intuitive Surgical, Inc., Vertex Pharmaceuticals Inc., Regeneron Pharmaceuticals, Inc.. The full list of top shared holdings with weights in each fund is shown on this page.