QQQ vs VTI: 50% overlap
Invesco QQQ Trust and Vanguard Total Stock Market ETF share 50.1% 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 1.5. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
QQQ and VTI hold 92 of the same securities. The ten contributing most to the overlap figure:
| Holding | in QQQ | in VTI | Δ |
|---|---|---|---|
| NVDA | 8.1% | 7.1% | 1.0% |
| AAPL | 8.1% | 6.6% | 1.5% |
| MSFT | 6.2% | 5.2% | 1.0% |
| AMZN | 4.3% | 3.3% | 1.0% |
| GOOGL | 3.0% | 2.8% | 0.3% |
| AVGO | 2.4% | 2.3% | 0.2% |
| META | 3.1% | 2.2% | 0.9% |
| GOOG | 2.8% | 2.2% | 0.6% |
| MU | 4.3% | 1.6% | 2.6% |
| TSLA | 3.1% | 1.4% | 1.8% |
Where QQQ and VTI 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 | VTI | Δ |
|---|---|---|---|
| Information Technology | 56.0% | 37.2% | +18.8pp |
| Financials | 0.2% | 11.7% | −11.5pp |
| Industrials | 3.3% | 9.3% | −6.0pp |
| Health Care | 4.5% | 9.9% | −5.4pp |
| Communication Services | 14.5% | 9.3% | +5.2pp |
| Energy | 0.5% | 3.5% | −3.1pp |
| Consumer Staples | 6.6% | 4.2% | +2.4pp |
| Consumer Discretionary | 10.7% | 8.6% | +2.1pp |
Δ is QQQ minus VTI, 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
3.6% of QQQ by weight, held in no part of VTI.
49.8% of VTI 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 | VTI | |
|---|---|---|
| Top 10 holdings | 46.7% | 34.7% |
| Positions held | 102 | 3,485 |
| 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 VTI overlap?
QQQ and VTI overlap 50.1% by portfolio weight — substantial duplication if you hold both. They share 92 holdings. The figure comes from current issuer holdings files (QQQ as of 2026-10-22, VTI as of 2026-09-30).
How is the overlap between QQQ and VTI 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 VTI 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 VTI?
That depends on your goals — we state facts, not advice. At 50.1% overlap, each fund still contributes meaningfully distinct exposure.
What does QQQ own that VTI doesn't?
QQQ holds 102 positions and VTI holds 3,485; 10 of QQQ's positions don't appear in VTI at all, and they are 3.6% of QQQ by weight.
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Related comparisons
Sources: issuer holdings files, QQQ as of 2026-10-22, VTI as of 2026-09-30. Weights are fractions of each fund. Diagnostics, not advice.