etf overlap · little overlap

Invesco QQQ Trust logoiShares MSCI Emerging Markets ETF logoQQQ vs EEM overlap

0.2% of QQQ and EEM is the same money, spread over 1 companies both funds hold.

Holdings as of September 24, 2026 · source: Invesco (QQQ), iShares (EEM)

overlapfull holdings, by weight
0.2%of each fund is money the other holds at the same weight, across 1 shared company.
QQQ
100%
EEM
100%
  • same money
  • same companies, extra weight
  • only in this fund
Overlap = the sum, over companies both funds hold, of the smaller of the two weights. Cash and derivatives excluded.
01Shared

The companies you would own twice

held by bothtop 1 of 1
companyQQQEEM
PDPDDPDD Holdings Inc0.22%0.32%
02Different

What only one of them gives you

only in QQQ100 names
only in EEM1,168 names
232330TAIWAN SEMICONDUCTOR MANUFACTURING15.32%
00005930SAMSUNG ELECTRONICS LTD7.81%
00000660SK HYNIX6.02%
70700TENCENT HOLDINGS2.74%
242454MEDIATEK1.92%
999988ALIBABA GROUP HOLDING1.88%
00005935SAMSUNG ELECTRONICS NON VOTING PRE1.03%
232308DELTA ELECTRONICS0.93%
03Sectors

Where each fund puts its money

sectorsQQQ vs EEM, share of each fund
Information Technology59.08%44.05%
Communication Services15.21%5.83%
Financials0.19%19.12%
Consumer Discretionary10.17%7.40%
Industrials3.01%6.31%
Consumer Staples5.43%2.55%
Materials0.90%5.76%
Health Care3.74%2.63%
Energy0.46%3.39%
Utilities1.01%1.83%
Real Estate0.00%0.94%
Not classified0.59%0.00%
04Questions

QQQ and EEM: what people ask

questions4 answered

How much do QQQ and EEM overlap?

0.2% by weight, as of September 24, 2026: little overlap. 1 companies appear in both funds; they make up 0.2% of QQQ and 0.3% of EEM.

Which stocks do QQQ and EEM both hold?

The largest shared positions are PDD. Ranked by the smaller of the two weights, which is the part you would own twice.

Is it redundant to hold both QQQ and EEM?

Out of every $100 split evenly between them, about $0 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 100 names only in QQQ, 1,168 only in EEM. Whether that duplication is a problem depends on the mix you want; this is a description, not advice.

How is ETF overlap calculated here?

For every company held by both funds we take the smaller of its two weights and add them up. The weights come from the full holdings files Invesco and iShares publish, not a top-10 sample, and companies are matched by their ISIN so share classes stay apart.

Hold QQQ and EEM?Import your positions and see what your funds hold together, company by company, with the fees you pay on each.Import my portfolio

Weights come from each issuer's published holdings file and are matched company by company on their ISIN. Cash, futures and currency positions are left out. This page describes what the funds hold; it is not investment advice.