etf overlap · moderate overlap
QQQM vs ITOT overlap
50% of QQQM and ITOT is the same money, spread over 91 companies both funds hold.
Holdings as of October 1, 2026 · source: Invesco (QQQM), iShares (ITOT) · How we measured all 1,035 pairs
- same money
- same companies, extra weight
- only in this fund
The companies you would own twice
What only one of them gives you
SHOPShopify Inc0.75%Where each fund puts its money
QQQM and ITOT: what people ask
How much do QQQM and ITOT overlap?
50% by weight, as of October 1, 2026: moderate overlap. 91 companies appear in both funds; they make up 96% of QQQM and 50% of ITOT.
Which stocks do QQQM and ITOT both hold?
The largest shared positions are NVDA, AAPL, MSFT, AMZN and GOOGL. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both QQQM and ITOT?
Out of every $100 split evenly between them, about $50 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 11 names only in QQQM, 2,334 only in ITOT. Half in each behaves like 43 equally weighted stocks, against 32 for QQQM alone and 55 for ITOT 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 iShares 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.