QQQ vs VGT: how much do they really overlap?
QQQ (Invesco QQQ Trust, tracking the Nasdaq-100) and VGT (Vanguard Information Technology ETF, tracking the MSCI US IMI Info Tech 25/50) overlap by roughly 65% by weight. 6 of QQQ's top 10 holdings also appear in VGT. A 50/50 blend of the two behaves like about 25 equally-weighted bets (diversification grade C). In short, the two funds share most of their weight in the same names; the second fund adds only modest differentiation.
The same companies, in both funds
These 16 holdings appear in both QQQ and VGT. The weight columns show how much of each fund each name represents.
| Holding | in QQQ | in VGT |
|---|---|---|
| NVDA NVIDIA Corporation | 7.60% | 16.10% |
| AAPL Apple Inc. | 6.80% | 14.33% |
| MU Micron Technology, Inc. | 5.75% | 5.04% |
| MSFT Microsoft Corporation | 4.52% | 8.28% |
| AMD Advanced Micro Devices, Inc. | 3.83% | 3.65% |
| AVGO Broadcom Inc. | 2.82% | 3.84% |
| INTC Intel Corporation | 2.90% | 2.41% |
| AMAT Applied Materials, Inc. | 2.24% | 2.26% |
| LRCX Lam Research Corporation | 2.13% | 2.14% |
| CSCO Cisco Systems, Inc. | 2.02% | 1.82% |
| KLAC KLA Corporation | 1.46% | 1.59% |
| SNDK Sandisk Corporation | 1.39% | 1.33% |
| PANW Palo Alto Networks, Inc. | 1.12% | 1.12% |
| TXN Texas Instruments Incorporated | 1.17% | 1.09% |
| MRVL Marvell Technology, Inc. | 1.05% | 1.05% |
+ 1 more shared holdings.
Only in QQQ
Invesco QQQ Trust — Nasdaq-100. Its biggest holdings that VGT doesn’t have:
| AMZN Amazon.com, Inc. | 4.08% |
| GOOGL Alphabet Inc. | 3.20% |
| TSLA Tesla, Inc. | 3.09% |
| GOOG Alphabet Inc. | 2.98% |
| META Meta Platforms, Inc. | 2.66% |
| WMT Walmart Inc. | 2.54% |
| COST Costco Wholesale Corporation | 1.90% |
| NFLX Netflix, Inc. | 1.40% |
Only in VGT
Vanguard Information Technology ETF — US tech sector. Its biggest holdings that QQQ doesn’t have:
| IBM International Business Machines Corp. | 1.03% |
| ORCL Oracle Corp. | 0.95% |
| WDC Western Digital Corp. | 0.91% |
| APH Amphenol Corp. Class A | 0.87% |
| STX Seagate Technology Holdings plc | 0.87% |
| GLW Corning Inc. | 0.84% |
| QCOM QUALCOMM Inc. | 0.80% |
| ADI Analog Devices Inc. | 0.79% |
So — heavily overlapping. Should you hold both?
QQQ and VGT share most of their weight in the same names; the second fund adds only modest differentiation. If you already hold QQQ, adding VGT mostly increases your bet on the names they share rather than spreading it — a 50/50 blend still behaves like only ~25 equal positions, with the top 10 alone at 50% and the Magnificent Seven at 37%.
Holdings as of — QQQ: Jun 26, 2026 (Invesco); VGT: Jun 30, 2026 (Vanguard). Refreshed monthly. Overlap is measured across each fund’s largest holdings (top 50); the diffuse long tail barely moves the math.
See this for YOUR whole portfolio, free →QQQ vs VGT — FAQ
- How much do QQQ and VGT overlap?
- QQQ and VGT overlap by approximately 65% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 6 of QQQ's 10 largest holdings are also held by VGT. They share 16 of their listed top holdings in total.
- Is it redundant to hold both QQQ and VGT?
- Because they share most of their weight in the same names; the second fund adds only modest differentiation, holding both is largely redundant — you mostly duplicate the same megacaps and concentrate rather than diversify. A 50/50 blend has an effective 25 positions and a C diversification grade.
- What does VGT hold that QQQ doesn't?
- VGT's largest holdings that QQQ doesn't hold include IBM, ORCL, WDC, APH, STX. Its category is US tech sector, versus QQQ's Nasdaq-100.
- Which is more concentrated, QQQ or VGT?
- QQQ's top 10 holdings are 63% of its listed weight; VGT's are 71%. The more concentrated fund leans harder on its largest names.