etf overlap tool · little overlap
QQQ vs XLY overlap
10.0% of QQQ and XLY is the same money, spread over 9 companies both funds hold.
Holdings as of October 16, 2026 · source: Invesco (QQQ), SPDR (XLY) · How we measured all 1,431 pairs
- same money
- same companies, extra weight
- only in this fund
Hold QQQ and XLY with other funds or stocks? The free portfolio optimizer opens QQQ and XLY beside the rest of what you own: the companies you hold twice, what the funds cost a year, and where the next deposit should go. No account.
The companies you would own twice
What only one of them gives you
NVDANVIDIA Corp8.15%
AAPLApple Inc7.92%
MSFTMicrosoft Corp6.21%
GOOGAlphabet Inc Class C2.94%
HDHOME DEPOT INC5.28%
TJXTJX COMPANIES INC4.39%
MCDMCDONALD S CORP4.30%
LOWLOWE S COS INC2.98%
GMGENERAL MOTORS CO1.99%
AZOAUTOZONE INC1.37%Where each fund puts its money
QQQ and XLY: what people ask
How much do QQQ and XLY overlap?
10.0% by weight, as of October 16, 2026: little overlap. 9 companies appear in both funds; they make up 10.0% of QQQ and 56% of XLY.
Which stocks do QQQ and XLY both hold?
The largest shared positions are AMZN, TSLA, BKNG, SBUX and MAR. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both QQQ and XLY?
Out of every $100 split evenly between them, about $10 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 92 names only in QQQ, 39 only in XLY. Half in each behaves like 25 equally weighted stocks, against 31 for QQQ alone and 10 for XLY alone. 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 SPDR publish, not a top-10 sample, and companies are matched by their ISIN so share classes stay apart. Sector overlap applies the same rule to the issuers' sector labels; "behaves like N equally weighted stocks" is one over the sum of the squared weights.
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.