ETF comparison
QQQ vs SPY overlap
Compare Invesco QQQ Trust and SPDR S&P 500 ETF Trust by shared holdings, expense ratio, issuer, category, and tracked overlap.
Tracked overlap27.20%
6 shared holdings
QQQ expense0.20%
Invesco
SPY expense0.09%
State Street
Data date2026-04-15
2026-04-15
Shared top holdings
Overlap uses the smaller fund weight for each shared holding.
MSFTMicrosoft
AAPLApple
NVDANVIDIA
AMZNAmazon
METAMeta Platforms
GOOGLAlphabet Class A
Interpretation
Should you own both QQQ and SPY?
QQQ and SPY share 6 tracked holdings with 27.20% overlap in the imported holdings set. High overlap can be fine when the funds serve a deliberate role, but it can also mean less diversification than the ticker count suggests.
Use the portfolio analyzer to test your actual allocations. Pairwise overlap does not account for how much of each ETF you own.