QQQ vs VTI: 48% overlap
Invesco QQQ Trust and Vanguard Total Stock Market ETF share 47.7% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
Different holding dates. These holdings were published 39 days apart — VTI as of 2026-07-31, the rest through 2026-09-08. Each fund is compared using its most recent file, so any trading in between shows up as a difference.
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 | 8.7% | 6.4% | 2.3% |
| AAPL | 7.4% | 6.3% | 1.1% |
| MSFT | 5.8% | 4.8% | 1.0% |
| AMZN | 4.4% | 3.7% | 0.7% |
| GOOGL | 3.1% | 2.9% | 0.2% |
| AVGO | 2.8% | 2.6% | 0.2% |
| GOOG | 2.9% | 2.3% | 0.6% |
| META | 2.9% | 1.7% | 1.2% |
| MU | 5.0% | 1.3% | 3.7% |
| TSLA | 2.9% | 1.2% | 1.7% |
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 | 58.2% | 34.2% | +24.1pp |
| Financials | 0.2% | 12.8% | −12.5pp |
| Industrials | 3.3% | 10.1% | −6.8pp |
| Health Care | 3.8% | 9.8% | −5.9pp |
| Communication Services | 13.8% | 9.3% | +4.6pp |
| Energy | 0.5% | 3.5% | −3.0pp |
| Real Estate | 0.0% | 2.3% | −2.3pp |
| Consumer Staples | 6.1% | 4.5% | +1.7pp |
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
3.7% of QQQ by weight, held in no part of VTI.
52.3% 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% | 33.3% |
| Positions held | 103 | 3,379 |
| 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 47.7% by portfolio weight — moderate overlap. They share 92 holdings. The figure comes from current issuer holdings files (QQQ as of 2026-09-08, VTI as of 2026-07-31).
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 47.7% overlap, each fund still contributes meaningfully distinct exposure.
What does QQQ own that VTI doesn't?
QQQ holds 103 positions and VTI holds 3,379; 11 of QQQ's positions don't appear in VTI at all, and they are 3.7% of QQQ by weight.
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Related comparisons
Sources: issuer holdings files, QQQ as of 2026-09-08, VTI as of 2026-07-31. Weights are fractions of each fund. Diagnostics, not advice.