QQQM vs VTI: how much do they really overlap?
QQQM (Invesco Nasdaq-100 ETF, tracking the Nasdaq-100) and VTI (Vanguard Total Stock Market ETF, tracking the CRSP US Total Market) overlap by roughly 74% by weight. 10 of QQQM's top 10 holdings also appear in VTI. A 50/50 blend of the two behaves like about 49 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 24 holdings appear in both QQQM and VTI. The weight columns show how much of each fund each name represents.
| Holding | in QQQM | in VTI |
|---|---|---|
| NVDA NVIDIA Corporation | 7.52% | 6.70% |
| AAPL Apple Inc. | 6.59% | 6.30% |
| MSFT Microsoft Corporation | 4.36% | 4.60% |
| AMZN Amazon.com, Inc. | 4.12% | 3.60% |
| GOOGL Alphabet Inc. | 3.28% | 3.05% |
| AVGO Broadcom Inc. | 2.81% | 2.91% |
| GOOG Alphabet Inc. | 3.05% | 2.39% |
| META Meta Platforms, Inc. | 2.65% | 1.90% |
| TSLA Tesla, Inc. | 3.28% | 1.69% |
| MU Micron Technology, Inc. | 5.68% | 1.50% |
| AMD Advanced Micro Devices, Inc. | 3.87% | 1.16% |
| WMT Walmart Inc. | 2.46% | 0.70% |
| INTC Intel Corporation | 2.91% | 0.63% |
| CSCO Cisco Systems, Inc. | 2.04% | 0.59% |
| COST Costco Wholesale Corporation | 1.85% | 0.58% |
+ 9 more shared holdings.
Only in QQQM
Invesco Nasdaq-100 ETF — Nasdaq-100. Its biggest holdings that VTI doesn’t have:
| MRVL Marvell Technology, Inc. | 1.07% |
Only in VTI
Vanguard Total Stock Market ETF — total US market. Its biggest holdings that QQQM doesn’t have:
| LLY Eli Lilly & Co. | 1.29% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.17% |
| JPM JPMorgan Chase & Co. | 1.04% |
| XOM Exxon Mobil Corp. | 0.83% |
| JNJ Johnson & Johnson | 0.75% |
| V Visa Inc. Class A | 0.74% |
| CAT Caterpillar Inc. | 0.56% |
| MA Mastercard Inc. Class A | 0.54% |
So — heavily overlapping. Should you hold both?
QQQM and VTI share most of their weight in the same names; the second fund adds only modest differentiation. If you already hold QQQM, adding VTI mostly increases your bet on the names they share rather than spreading it — a 50/50 blend still behaves like only ~49 equal positions, with the top 10 alone at 39% and the Magnificent Seven at 33%.
Holdings as of — QQQM: Jun 29, 2026 (Invesco); VTI: 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 VTI — FAQ
- How much do QQQM and VTI overlap?
- QQQM and VTI overlap by approximately 74% 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 VTI. They share 24 of their listed top holdings in total.
- Is it redundant to hold both QQQM 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 49 positions and a B diversification grade.
- What does VTI hold that QQQM doesn't?
- VTI's largest holdings that QQQM doesn't hold include LLY, BRK.B, JPM, XOM, JNJ. Its category is total US market, versus QQQM's Nasdaq-100.
- Which is more concentrated, QQQM or VTI?
- QQQM's top 10 holdings are 63% of its listed weight; VTI's are 61%. The more concentrated fund leans harder on its largest names.