QQQM vs VV: how much do they really overlap?
QQQM (Invesco Nasdaq-100 ETF, tracking the Nasdaq-100) and VV (Vanguard Large-Cap ETF, tracking the CRSP US Large Cap) overlap by roughly 71% by weight. 10 of QQQM's top 10 holdings also appear in VV. A 50/50 blend of the two behaves like about 44 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 VV. The weight columns show how much of each fund each name represents.
| Holding | in QQQM | in VV |
|---|---|---|
| NVDA NVIDIA Corporation | 7.52% | 7.65% |
| AAPL Apple Inc. | 6.59% | 7.19% |
| MSFT Microsoft Corporation | 4.36% | 5.25% |
| AMZN Amazon.com, Inc. | 4.12% | 4.10% |
| GOOGL Alphabet Inc. | 3.28% | 3.47% |
| AVGO Broadcom Inc. | 2.81% | 3.32% |
| GOOG Alphabet Inc. | 3.05% | 2.73% |
| META Meta Platforms, Inc. | 2.65% | 2.17% |
| TSLA Tesla, Inc. | 3.28% | 1.92% |
| MU Micron Technology, Inc. | 5.68% | 1.71% |
| AMD Advanced Micro Devices, Inc. | 3.87% | 1.32% |
| WMT Walmart Inc. | 2.46% | 0.80% |
| INTC Intel Corporation | 2.91% | 0.72% |
| CSCO Cisco Systems, Inc. | 2.04% | 0.67% |
| COST Costco Wholesale Corporation | 1.85% | 0.67% |
+ 9 more shared holdings.
Only in QQQM
Invesco Nasdaq-100 ETF — Nasdaq-100. Its biggest holdings that VV doesn’t have:
| MRVL Marvell Technology, Inc. | 1.07% |
Only in VV
Vanguard Large-Cap ETF — US large-cap. Its biggest holdings that QQQM doesn’t have:
| LLY Eli Lilly & Co. | 1.47% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.31% |
| JPM JPMorgan Chase & Co. | 1.19% |
| XOM Exxon Mobil Corp. | 0.95% |
| JNJ Johnson & Johnson | 0.85% |
| V Visa Inc. Class A | 0.80% |
| CAT Caterpillar Inc. | 0.64% |
| MA Mastercard Inc. Class A | 0.62% |
So — heavily overlapping. Should you hold both?
QQQM and VV share most of their weight in the same names; the second fund adds only modest differentiation. If you already hold QQQM, adding VV mostly increases your bet on the names they share rather than spreading it — a 50/50 blend still behaves like only ~44 equal positions, with the top 10 alone at 42% and the Magnificent Seven at 35%.
Holdings as of — QQQM: Jun 29, 2026 (Invesco); VV: 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 VV — FAQ
- How much do QQQM and VV overlap?
- QQQM and VV overlap by approximately 71% 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 VV. They share 24 of their listed top holdings in total.
- Is it redundant to hold both QQQM and VV?
- 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 44 positions and a B diversification grade.
- What does VV hold that QQQM doesn't?
- VV's largest holdings that QQQM doesn't hold include LLY, BRK.B, JPM, XOM, JNJ. Its category is US large-cap, versus QQQM's Nasdaq-100.
- Which is more concentrated, QQQM or VV?
- QQQM's top 10 holdings are 63% of its listed weight; VV's are 61%. The more concentrated fund leans harder on its largest names.