etf overlap · nearly the same fund
QQQ vs QQQM overlap
98% of QQQ and QQQM is the same money, spread over 101 companies both funds hold.
Holdings as of September 24, 2026 · source: Invesco (QQQ), Invesco (QQQM)
- same money
- same companies, extra weight
- only in this fund
The companies you would own twice
What only one of them gives you
Every QQQ holding is also in the other fund.
Where each fund puts its money
QQQ and QQQM: what people ask
Is QQQM the same as QQQ?
Nearly: 98% of the money in QQQ and QQQM sits in the same companies at the same weights, as of September 24, 2026. The other 1.7% is weight differences, plus 0 names only in QQQ and 1 only in QQQM.
How much do QQQ and QQQM overlap?
98% by weight, as of September 24, 2026: nearly the same fund. 101 companies appear in both funds; they make up 100% of QQQ and 100% of QQQM.
Which stocks do QQQ and QQQM both hold?
The largest shared positions are NVDA, AAPL, MSFT, MU and AMD. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both QQQ and QQQM?
Out of every $100 split evenly between them, about $98 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 0 names only in QQQ, 1 only in QQQM. 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 publish, not a top-10 sample, and companies are matched by their ISIN so share classes stay apart.
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.