ETF Overlap Tool: QQQ vs QQQM
Compare portfolio holdings overlap, tech concentration risk, and expense ratio differences between Invesco QQQ Trust (QQQ) and Invesco NASDAQ 100 ETF (QQQM).
Stock Holdings Breakdown (QQQ vs QQQM)
51 Assets| Asset | Sector | QQQ Weight | QQQM Weight | Combined (50/50) | Status |
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QQQ vs QQQM: Portfolio Overlap & Investment Strategy Guide
When evaluating Invesco QQQ Trust (QQQ) versus Invesco NASDAQ 100 ETF (QQQM), investors are comparing two distinct ETF strategies. QQQ holds 0 total assets while QQQM contains 101 total assets. Across both portfolios, they share 49 common stock holdings, representing a 98.0% portfolio overlap by weight.
Sector Concentration & Shared Stock Holdings
While both funds invest in equity markets, their internal sector allocations create meaningful differences in portfolio performance and volatility:
- Primary Sector Focus: QQQ concentrates its largest allocation in Information Technology (58.17%), whereas QQQM allocates its highest weighting to Information Technology (58.71%).
- Top Shared Holdings: Key overlapping stocks held in both funds include NVIDIA Corporation (NVDA), Apple Inc (AAPL), Microsoft Corporation (MSFT), Micron Technology, Inc (MU).
- Holdings Distribution: QQQ features 0 holdings compared to 101 holdings in QQQM, affecting single-stock concentration risk.
Strategic Portfolio Insight: High Overlap & Concentration Risk
Holding both QQQ and QQQM results in significant portfolio duplication with a 98.0% weight overlap. Because a major portion of performance is driven by identical holdings across both funds, owning both simultaneously creates high redundancy without providing meaningful diversification.
Expense Ratio Comparison & Performance: QQQ vs QQQM
Beyond portfolio holdings overlap, fund management fees, dividend yields, and sector diversification play a vital role in long-term compounding returns:
1. Annual Management Fee Impact
QQQM charges a lower expense ratio of 0.15% compared to QQQ at 0.20%. QQQM is 1.3x cheaper, saving long-term investors approximately $5 per year for every $100,000 invested.
2. Volatility, Risk & Long-Term Growth Potential
QQQ and QQQM react differently to changing interest rates, market cycles, and sector rotations. Diversifying across funds with different underlying indexes helps reduce portfolio drawdown risk during broader market corrections.
Snowball Portfolio Lab Insight
Want to analyze how combining QQQ and QQQM impacts your total portfolio yield, sector distribution, and historical dividend income? Model your custom asset allocation in the Snowball Analytics Portfolio Lab.
- Sector Focus: QQQ's largest sector is Information Technology (58.17%), whereas QQQM's largest sector is Information Technology (58.71%).
- Expense Ratio: QQQM has an expense ratio of 0.15%, while QQQ charges 0.20%. QQQM is 1.3x cheaper than QQQ.
- Portfolio Breadth: QQQ holds 0 total stocks vs QQQM's 101 stocks.