QQQM vs VT: how much do they really overlap?
QQQM (Invesco Nasdaq-100 ETF, tracking the Nasdaq-100) and VT (Vanguard Total World Stock ETF, tracking the FTSE Global All Cap) overlap by roughly 67% by weight. 10 of QQQM's top 10 holdings also appear in VT. A 50/50 blend of the two behaves like about 70 equally-weighted bets (diversification grade A). 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 20 holdings appear in both QQQM and VT. The weight columns show how much of each fund each name represents.
| Holding | in QQQM | in VT |
|---|---|---|
| NVDA NVIDIA Corporation | 7.52% | 4.17% |
| AAPL Apple Inc. | 6.59% | 3.79% |
| MSFT Microsoft Corporation | 4.36% | 2.82% |
| AMZN Amazon.com, Inc. | 4.12% | 2.19% |
| GOOGL Alphabet Inc. | 3.28% | 1.89% |
| AVGO Broadcom Inc. | 2.81% | 1.74% |
| GOOG Alphabet Inc. | 3.05% | 1.48% |
| META Meta Platforms, Inc. | 2.65% | 1.16% |
| TSLA Tesla, Inc. | 3.28% | 1.04% |
| MU Micron Technology, Inc. | 5.68% | 0.91% |
| AMD Advanced Micro Devices, Inc. | 3.87% | 0.70% |
| INTC Intel Corporation | 2.91% | 0.43% |
| WMT Walmart Inc. | 2.46% | 0.42% |
| CSCO Cisco Systems, Inc. | 2.04% | 0.40% |
| COST Costco Wholesale Corporation | 1.85% | 0.36% |
+ 5 more shared holdings.
Only in QQQM
Invesco Nasdaq-100 ETF — Nasdaq-100. Its biggest holdings that VT doesn’t have:
| KLAC KLA Corporation | 1.60% |
| SNDK Sandisk Corporation | 1.34% |
| PANW Palo Alto Networks, Inc. | 1.19% |
| MRVL Marvell Technology, Inc. | 1.07% |
| LIN Linde plc | 1.04% |
Only in VT
Vanguard Total World Stock ETF — global all-cap. Its biggest holdings that QQQM doesn’t have:
| 2330 Taiwan Semiconductor Manufacturing Co. Ltd. | 1.52% |
| 005930 Samsung Electronics Co. Ltd. | 0.83% |
| LLY Eli Lilly & Co. | 0.75% |
| 000660 SK hynix Inc | 0.71% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.65% |
| JPM JPMorgan Chase & Co. | 0.64% |
| ASML ASML Holding NV | 0.53% |
| XOM Exxon Mobil Corp. | 0.52% |
So — heavily overlapping. Should you hold both?
QQQM and VT share most of their weight in the same names; the second fund adds only modest differentiation. If you already hold QQQM, adding VT mostly increases your bet on the names they share rather than spreading it — a 50/50 blend still behaves like only ~70 equal positions, with the top 10 alone at 33% and the Magnificent Seven at 27%.
Holdings as of — QQQM: Jun 29, 2026 (Invesco); VT: 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 VT — FAQ
- How much do QQQM and VT overlap?
- QQQM and VT overlap by approximately 67% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 10 of QQQM's 10 largest holdings are also held by VT. They share 20 of their listed top holdings in total.
- Is it redundant to hold both QQQM and VT?
- 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 70 positions and a A diversification grade.
- What does VT hold that QQQM doesn't?
- VT's largest holdings that QQQM doesn't hold include 2330, 005930, LLY, 000660, BRK.B. Its category is global all-cap, versus QQQM's Nasdaq-100.
- Which is more concentrated, QQQM or VT?
- QQQM's top 10 holdings are 63% of its listed weight; VT's are 58%. The more concentrated fund leans harder on its largest names.