etf overlap · little overlap

Invesco QQQ Trust logoVanguard FTSE Emerging Markets ETF logoQQQ vs VWO overlap

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

Holdings as of August 31, 2026 · source: Invesco (QQQ), Vanguard (VWO)

overlapfull holdings, by weight
0.2%of each fund is money the other holds at the same weight, across 1 shared company.
QQQ
100%
VWO
99%
  • 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
companyQQQVWO
PDPDDPDD Holdings Inc0.22%0.52%
02Different

What only one of them gives you

only in QQQ100 names
only in VWO4,995 names
232330Taiwan Semiconductor Manufacturing Co Ltd14.68%
70700Tencent Holdings Ltd2.89%
999988Alibaba Group Holding Ltd2.18%
242454MediaTek Inc1.46%
232308Delta Electronics Inc0.90%
93939China Construction Bank Corp0.86%
232317Hon Hai Precision Industry Co Ltd0.77%
RERELIANCEReliance Industries Ltd0.72%
03Sectors

Where each fund puts its money

sectorsQQQ vs VWO, share of each fund
Information Technology59.08%29.37%
Communication Services15.21%5.92%
Consumer Discretionary10.17%8.46%
Financials0.19%18.12%
Industrials3.01%5.79%
Consumer Staples5.43%2.91%
Materials0.90%6.87%
Health Care3.74%3.24%
Energy0.46%3.35%
Utilities1.01%2.20%
Real Estate0.00%1.63%
Not classified0.59%7.22%
04Questions

QQQ and VWO: what people ask

questions4 answered

How much do QQQ and VWO overlap?

0.2% by weight, as of August 31, 2026: little overlap. 1 companies appear in both funds; they make up 0.2% of QQQ and 0.5% of VWO.

Which stocks do QQQ and VWO 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 VWO?

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, 4,995 only in VWO. 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 Vanguard publish, not a top-10 sample, and companies are matched by their ISIN so share classes stay apart.

Hold QQQ and VWO?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.