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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).

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ETF Overlap Overview & Key Metrics
QQQM (101 Total) QQQM (101 Total) ONLY IN QQQ 1 Stocks (53.6% Weight) HIGH HOLDINGS OVERLAP 49 Shared Stocks (83.2%) 98.0% Weight Duplication ONLY IN QQQM 1 Stocks (53.6% Weight)
Overlap by Weight
98.0%
⚡ Near Identical Nasdaq-100 Overlap
Expense Ratio Gap
0.20% vs 0.15%
QQQM is 25% cheaper than QQQ
Unique Holdings
419 vs 1 Stocks
~0.0% Weight Difference
Sector Allocation Breakdown
Information Technology
58.17%
Communication Services
12.99%
Consumer Discretionary
11.29%
Consumer Staples
6.5%
Healthcare
4.13%
Industrials
3.97%
Utilities
1.16%
Materials
1.02%
Energy
0.53%
Financials
0.24%
Information Technology
58.71%
Communication Services
13.0%
Consumer Discretionary
11.12%
Consumer Staples
6.26%
Healthcare
4.1%
Industrials
3.92%
Utilities
1.16%
Materials
0.98%
Energy
0.53%
Financials
0.22%

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Stock Holdings Breakdown (QQQ vs QQQM)

51 Assets
Asset Sector QQQ Weight QQQM Weight Combined (50/50) Status
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Showing 1 to 20 of 73 holdings

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.

Frequently Asked Questions: QQQ vs QQQM ETF Overlap
What is the portfolio overlap percentage between QQQ and QQQM?
Invesco QQQ Trust (QQQ) and Invesco NASDAQ 100 ETF (QQQM) have a 98.0% overlap by weight and share 49 identical stock holdings. QQQ holds 0 total assets while QQQM holds 101 total assets.
What is the main difference between QQQ and QQQM?
The main difference between QQQ and QQQM lies in sector allocation, expense ratio, and portfolio breadth:
  • 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.
Is it good to hold both QQQ and QQQM in the same portfolio?
Holding both QQQ and QQQM results in a 98.0% portfolio weight overlap across 49 common holdings. Because QQQ and QQQM have a high portfolio weight overlap of 98.0%, holding both creates significant redundancy. Investors often select one primary fund as a core asset rather than duplicating holdings.
Which ETF has lower management expense fees: QQQ or QQQM?
QQQM has an expense ratio of 0.15%, while QQQ charges 0.20%. QQQM is 1.3x cheaper than QQQ.
Which ETF is better for long-term investors: QQQ or QQQM?
The ideal choice depends on your investment strategy: QQQ (0.20% expense ratio) provides exposure to Invesco QQQ Trust, while QQQM (0.15% expense ratio) offers exposure to Invesco NASDAQ 100 ETF. Comparing sector concentration and historical volatility helps align your choice with long-term goals.
Do QQQ and QQQM pay dividends?
Yes, both QQQ and QQQM pay quarterly dividend distributions to shareholders derived from underlying dividend payments of portfolio companies.