QQQ vs VEA: 2% overlap
Invesco QQQ Trust and Vanguard FTSE Developed Markets ETF share 1.7% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
You would hold two tickers and get the diversification of 2.0. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
QQQ and VEA hold 10 of the same securities. The ten contributing most to the overlap figure:
| Holding | in QQQ | in VEA | Δ |
|---|---|---|---|
| ASML | 0.8% | 2.3% | 1.6% |
| SHOP | 0.6% | 0.4% | 0.2% |
| ROP | 0.2% | 0.9% | 0.7% |
| CASH | 0.1% | 1.4% | 1.2% |
| FER | 0.2% | 0.1% | 0.1% |
| CCEP | 0.2% | 0.1% | 0.1% |
| TRI | 0.1% | 0.0% | 0.1% |
| ADP | 0.4% | 0.0% | 0.4% |
| WBD | 0.3% | 0.0% | 0.3% |
| STX | 0.9% | 0.0% | 0.9% |
Where QQQ and VEA differ
Sector weights as a share of each fund, ordered by the size of the gap rather than the size of the sector — two funds that overlap heavily still usually diverge somewhere.
| Sector | QQQ | VEA | Δ |
|---|---|---|---|
| Information Technology | 59.1% | 17.1% | +42.0pp |
| Financials | 0.2% | 20.7% | −20.5pp |
| Industrials | 3.5% | 16.9% | −13.3pp |
| Communication Services | 13.1% | 2.5% | +10.7pp |
| Unclassified | 1.0% | 8.9% | −7.9pp |
| Materials | 1.1% | 5.1% | −4.0pp |
| Consumer Discretionary | 10.0% | 7.3% | +2.6pp |
| Health Care | 3.6% | 6.2% | −2.6pp |
Δ is QQQ minus VEA, in percentage points. Sector data is not published by every issuer, so “Unclassified” is a real category rather than a gap in the table.
What each fund holds alone
96.1% of QQQ by weight, held in no part of VEA.
94.8% of VEA by weight, held in no part of QQQ.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| QQQ | VEA | |
|---|---|---|
| Top 10 holdings | 45.9% | 15.2% |
| Positions held | 104 | 3,792 |
| Cost per $10,000 held, per year | $20 | $3 |
Cost is the expense ratio applied to $10,000; it excludes any brokerage commission, bid-ask spread or tax consequence. Figures are facts about the funds, not a suggestion about which to hold.
Frequently asked
How much do QQQ and VEA overlap?
QQQ and VEA overlap 1.7% by portfolio weight — largely distinct portfolios. They share 10 holdings. The figure comes from current issuer holdings files (QQQ as of 2026-07-23, VEA as of 2026-06-30).
How is the overlap between QQQ and VEA calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If QQQ holds a stock at 6% and VEA holds the same stock at 4%, 4% counts as shared. The result is bounded between 0% and 100%, and it is computed after looking through any fund-of-funds to the underlying holdings.
Is it redundant to hold both QQQ and VEA?
That depends on your goals — we state facts, not advice. At 1.7% overlap, each fund still contributes meaningfully distinct exposure.
What does QQQ own that VEA doesn't?
QQQ holds 104 positions and VEA holds 3,792; 94 of QQQ's positions don't appear in VEA at all, and they are 96.1% of QQQ by weight.
You probably hold more than two funds
This page compares QQQ and VEA. Paste your whole portfolio — brokerage, 401(k), IRA — and see the overlap across every fund at once, plus what you actually own underneath them and your own Effective Funds number. Free, no account, nothing stored.
X-ray my portfolio — free →Watch QQQ vs VEA
We re-read both funds’ published holdings every weeknight. Leave an address and we'll tell you when what's inside actually changes.
Not sending yet — email alerts are built but switched off, and you'll be among the first when they turn on. No spam, one-click unsubscribe.
Related comparisons
Sources: issuer holdings files, QQQ as of 2026-07-23, VEA as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.