QQQ vs VTV: 20% overlap
Invesco QQQ Trust and Vanguard Value ETF share 20.2% 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 1.8. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
QQQ and VTV hold 41 of the same securities. The ten contributing most to the overlap figure:
| Holding | in QQQ | in VTV | Δ |
|---|---|---|---|
| MU | 5.1% | 4.9% | 0.2% |
| WMT | 2.4% | 1.9% | 0.5% |
| CSCO | 2.0% | 1.6% | 0.5% |
| INTC | 2.3% | 1.1% | 1.2% |
| LIN | 1.1% | 0.9% | 0.2% |
| AMGN | 0.9% | 0.7% | 0.2% |
| QCOM | 0.8% | 0.7% | 0.1% |
| ADI | 0.8% | 0.7% | 0.1% |
| PEP | 0.8% | 0.7% | 0.1% |
| GILD | 0.7% | 0.6% | 0.2% |
Where QQQ and VTV 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 | VTV | Δ |
|---|---|---|---|
| Information Technology | 59.1% | 14.1% | +45.0pp |
| Financials | 0.2% | 22.1% | −21.8pp |
| Health Care | 3.6% | 15.1% | −11.5pp |
| Industrials | 3.5% | 15.0% | −11.4pp |
| Communication Services | 13.1% | 2.9% | +10.3pp |
| Energy | 0.5% | 6.8% | −6.3pp |
| Consumer Discretionary | 10.0% | 3.9% | +6.1pp |
| Utilities | 1.2% | 4.8% | −3.6pp |
Δ is QQQ minus VTV, 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
73.2% of QQQ by weight, held in no part of VTV.
79.5% of VTV 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 | VTV | |
|---|---|---|
| Top 10 holdings | 45.9% | 23.6% |
| Positions held | 104 | 309 |
| 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 VTV overlap?
QQQ and VTV overlap 20.2% by portfolio weight — moderate overlap. They share 41 holdings. The figure comes from current issuer holdings files (QQQ as of 2026-07-23, VTV as of 2026-06-30).
How is the overlap between QQQ and VTV 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 VTV 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 VTV?
That depends on your goals — we state facts, not advice. At 20.2% overlap, each fund still contributes meaningfully distinct exposure.
What does QQQ own that VTV doesn't?
QQQ holds 104 positions and VTV holds 309; 63 of QQQ's positions don't appear in VTV at all, and they are 73.2% of QQQ by weight.
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Related comparisons
Sources: issuer holdings files, QQQ as of 2026-07-23, VTV as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.