QQQM vs VGT: how much do they really overlap?
QQQM (Invesco Nasdaq-100 ETF, tracking the Nasdaq-100) and VGT (Vanguard Information Technology ETF, tracking the MSCI US IMI Info Tech 25/50) overlap by roughly 58% by weight. 6 of QQQM's top 10 holdings also appear in VGT. A 50/50 blend of the two behaves like about 24 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 QQQM and VGT. The weight columns show how much of each fund each name represents.
| Holding | in QQQM | in VGT |
|---|---|---|
| NVDA NVIDIA Corporation | 7.52% | 16.78% |
| AAPL Apple Inc. | 6.59% | 15.26% |
| MSFT Microsoft Corporation | 4.36% | 9.87% |
| MU Micron Technology, Inc. | 5.68% | 4.19% |
| AMD Advanced Micro Devices, Inc. | 3.87% | 3.20% |
| AVGO Broadcom Inc. | 2.81% | 4.49% |
| INTC Intel Corporation | 2.91% | 1.95% |
| CSCO Cisco Systems, Inc. | 2.04% | 1.85% |
| LRCX Lam Research Corporation | 2.26% | 1.55% |
| AMAT Applied Materials, Inc. | 2.43% | 1.39% |
| PLTR Palantir Technologies Inc. | 1.17% | 1.34% |
| TXN Texas Instruments Incorporated | 1.14% | 1.10% |
| KLAC KLA Corporation | 1.60% | 1.00% |
| SNDK Sandisk Corporation | 1.34% | 0.98% |
| PANW Palo Alto Networks, Inc. | 1.19% | 0.92% |
+ 1 more shared holdings.
Only in QQQM
Invesco Nasdaq-100 ETF — Nasdaq-100. Its biggest holdings that VGT doesn’t have:
| AMZN Amazon.com, Inc. | 4.12% |
| GOOGL Alphabet Inc. | 3.28% |
| TSLA Tesla, Inc. | 3.28% |
| GOOG Alphabet Inc. | 3.05% |
| META Meta Platforms, Inc. | 2.65% |
| WMT Walmart Inc. | 2.46% |
| COST Costco Wholesale Corporation | 1.85% |
| NFLX Netflix, Inc. | 1.37% |
Only in VGT
Vanguard Information Technology ETF — US tech sector. Its biggest holdings that QQQM doesn’t have:
| ORCL Oracle Corp. | 1.45% |
| IBM International Business Machines Corp. | 1.08% |
| QCOM QUALCOMM Inc. | 1.07% |
| ADI Analog Devices Inc. | 0.81% |
| STX Seagate Technology Holdings plc | 0.78% |
| WDC Western Digital Corp. | 0.75% |
| CRWD Crowdstrike Holdings Inc. Class A | 0.74% |
| APH Amphenol Corp. Class A | 0.73% |
So — heavily overlapping. Should you hold both?
QQQM and VGT share most of their weight in the same names; the second fund adds only modest differentiation. If you already hold QQQM, adding VGT mostly increases your bet on the names they share rather than spreading it — a 50/50 blend still behaves like only ~24 equal positions, with the top 10 alone at 51% and the Magnificent Seven at 38%.
Holdings as of — QQQM: Jun 29, 2026 (Invesco); VGT: May 31, 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 →QQQM vs VGT — FAQ
- How much do QQQM and VGT overlap?
- QQQM and VGT overlap by approximately 58% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 6 of QQQM'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 QQQM 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 24 positions and a C diversification grade.
- What does VGT hold that QQQM doesn't?
- VGT's largest holdings that QQQM doesn't hold include ORCL, IBM, QCOM, ADI, STX. Its category is US tech sector, versus QQQM's Nasdaq-100.
- Which is more concentrated, QQQM or VGT?
- QQQM's top 10 holdings are 63% of its listed weight; VGT's are 72%. The more concentrated fund leans harder on its largest names.