QQQ vs VTI: how much do they really overlap?
QQQ (Invesco QQQ Trust, tracking the Nasdaq-100) and VTI (Vanguard Total Stock Market ETF, tracking the CRSP US Total Market) overlap by roughly 73% by weight. 10 of QQQ's top 10 holdings also appear in VTI. A 50/50 blend of the two behaves like about 51 equally-weighted bets (diversification grade B). 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 25 holdings appear in both QQQ and VTI. The weight columns show how much of each fund each name represents.
| Holding | in QQQ | in VTI |
|---|---|---|
| NVDA NVIDIA Corporation | 7.60% | 6.32% |
| AAPL Apple Inc. | 6.80% | 5.84% |
| MSFT Microsoft Corporation | 4.52% | 3.81% |
| AMZN Amazon.com, Inc. | 4.08% | 3.17% |
| GOOGL Alphabet Inc. | 3.20% | 2.88% |
| AVGO Broadcom Inc. | 2.82% | 2.46% |
| GOOG Alphabet Inc. | 2.98% | 2.27% |
| MU Micron Technology, Inc. | 5.75% | 1.79% |
| META Meta Platforms, Inc. | 2.66% | 1.70% |
| TSLA Tesla, Inc. | 3.09% | 1.63% |
| AMD Advanced Micro Devices, Inc. | 3.83% | 1.30% |
| AMAT Applied Materials, Inc. | 2.24% | 0.79% |
| INTC Intel Corporation | 2.90% | 0.77% |
| LRCX Lam Research Corporation | 2.13% | 0.74% |
| WMT Walmart Inc. | 2.54% | 0.68% |
+ 10 more shared holdings.
Only in QQQ
Invesco QQQ Trust — Nasdaq-100. Its biggest holdings that VTI doesn’t have:
| Every listed QQQ holding is also in VTI. |
Only in VTI
Vanguard Total Stock Market ETF — total US market. Its biggest holdings that QQQ doesn’t have:
| LLY Eli Lilly & Co. | 1.40% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.24% |
| JPM JPMorgan Chase & Co. | 1.11% |
| JNJ Johnson & Johnson | 0.84% |
| XOM Exxon Mobil Corp. | 0.78% |
| V Visa Inc. Class A | 0.77% |
| CAT Caterpillar Inc. | 0.67% |
| ABBV AbbVie Inc. | 0.61% |
So — heavily overlapping. Should you hold both?
QQQ and VTI share most of their weight in the same names; the second fund adds only modest differentiation. If you already hold QQQ, adding VTI mostly increases your bet on the names they share rather than spreading it — a 50/50 blend still behaves like only ~51 equal positions, with the top 10 alone at 38% and the Magnificent Seven at 31%.
Holdings as of — QQQ: Jun 26, 2026 (Invesco); VTI: 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 VTI — FAQ
- How much do QQQ and VTI overlap?
- QQQ and VTI overlap by approximately 73% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 10 of QQQ's 10 largest holdings are also held by VTI. They share 25 of their listed top holdings in total.
- Is it redundant to hold both QQQ and VTI?
- 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 51 positions and a B diversification grade.
- What does VTI hold that QQQ doesn't?
- VTI's largest holdings that QQQ doesn't hold include LLY, BRK.B, JPM, JNJ, XOM. Its category is total US market, versus QQQ's Nasdaq-100.
- Which is more concentrated, QQQ or VTI?
- QQQ's top 10 holdings are 63% of its listed weight; VTI's are 58%. The more concentrated fund leans harder on its largest names.