QQQM vs VXUS overlap

0.6% by weight, as of September 30, 2026: little overlap. 3 companies appear in both funds; they make up 1.1% of QQQM and 0.6% of VXUS.

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

Out of every $100 split evenly between them, about $1 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 99 names only in QQQM, 8,861 only in VXUS. Half in each behaves like 111 equally weighted stocks, against 32 for QQQM alone and 232 for VXUS alone. Whether that duplication is a problem depends on the mix you want; this is a description, not advice.

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. 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.