QQQM vs VOOV: 31% overlap
Invesco NASDAQ 100 ETF and Vanguard S&P 500 Value ETF share 30.8% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
Different holding dates. These holdings were published about 4 months apart — QQQM as of 2026-02-28, the rest through 2026-06-30. 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 1.7. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
QQQM and VOOV hold 63 of the same securities. The ten contributing most to the overlap figure:
| Holding | in QQQM | in VOOV | Δ |
|---|---|---|---|
| AAPL | 7.6% | 7.3% | 0.3% |
| AMZN | 4.4% | 3.8% | 0.6% |
| WMT | 3.4% | 1.7% | 1.6% |
| TSLA | 3.9% | 1.6% | 2.4% |
| COST | 2.4% | 1.4% | 1.0% |
| INTC | 1.2% | 2.3% | 1.1% |
| TXN | 1.0% | 0.9% | 0.1% |
| LIN | 1.3% | 0.8% | 0.4% |
| CSCO | 1.7% | 0.8% | 0.9% |
| QCOM | 0.8% | 0.7% | 0.1% |
Where QQQM and VOOV 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 | QQQM | VOOV | Δ |
|---|---|---|---|
| Information Technology | 48.9% | 20.5% | +28.4pp |
| Financials | 0.2% | 15.3% | −15.1pp |
| Communication Services | 15.6% | 2.9% | +12.7pp |
| Industrials | 3.0% | 11.4% | −8.4pp |
| Health Care | 5.2% | 12.2% | −7.0pp |
| Energy | 0.6% | 6.6% | −6.0pp |
| Real Estate | 0.1% | 3.3% | −3.2pp |
| Utilities | 1.6% | 4.4% | −2.9pp |
Δ is QQQM minus VOOV, 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
50.2% of QQQM by weight, held in no part of VOOV.
67.7% of VOOV by weight, held in no part of QQQM.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| QQQM | VOOV | |
|---|---|---|
| Top 10 holdings | 46.7% | 23.8% |
| Positions held | 103 | 438 |
| Cost per $10,000 held, per year | $15 | $7 |
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 QQQM and VOOV overlap?
QQQM and VOOV overlap 30.8% by portfolio weight — moderate overlap. They share 63 holdings. The figure comes from current issuer holdings files (QQQM as of 2026-02-28, VOOV as of 2026-06-30).
How is the overlap between QQQM and VOOV calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If QQQM holds a stock at 6% and VOOV 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 QQQM and VOOV?
That depends on your goals — we state facts, not advice. At 30.8% overlap, each fund still contributes meaningfully distinct exposure.
What does QQQM own that VOOV doesn't?
QQQM holds 103 positions and VOOV holds 438; 39 of QQQM's positions don't appear in VOOV at all, and they are 50.2% of QQQM by weight.
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Related comparisons
Sources: issuer holdings files, QQQM as of 2026-02-28, VOOV as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.