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ETF Overlap Tool: QQQ vs SMH

Compare portfolio holdings overlap, semiconductor concentration, and expense ratio differences between Invesco QQQ Trust (QQQ) and VanEck Vectors Semiconductor ETF (SMH).

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ETF Overlap Overview & Key Metrics
VOO (503 Total) QQQ (101 Total) ONLY IN QQQ 36 Stocks (53.6% Weight) MODERATE HOLDINGS OVERLAP 14 Shared Stocks (56.0%) 29.9% Weight Duplication ONLY IN SMH 11 Stocks (53.6% Weight)
Overlap by Weight
29.9%
⚡ Moderate Semiconductor Overlap
Expense Ratio Gap
0.20% vs 0.35%
QQQ is 1.7x cheaper than SMH
Unique Holdings
419 vs 17 Stocks
~53.6% 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
100.0%

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Stock Holdings Breakdown (QQQ vs SMH)

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

QQQ vs SMH: Portfolio Overlap & Investment Strategy Guide

When evaluating Invesco QQQ Trust (QQQ) versus VanEck Vectors Semiconductor ETF (SMH), investors are comparing two distinct ETF strategies. QQQ holds 101 total assets while SMH contains 0 total assets. Across both portfolios, they share 14 common stock holdings, representing a 29.9% 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 SMH allocates its highest weighting to Information Technology (100.0%).
  • Top Shared Holdings: Key overlapping stocks held in both funds include NVIDIA Corporation (NVDA), Broadcom Inc (AVGO), Advanced Micro Devices, Inc (AMD), Micron Technology, Inc (MU).
  • Holdings Distribution: QQQ features 101 holdings compared to 0 holdings in SMH, affecting single-stock concentration risk.

Strategic Portfolio Insight: Low Overlap & Strong Complementary Diversification

Holding both QQQ and SMH offers low portfolio duplication with only a 29.9% weight overlap. With 14 shared stocks, these two funds focus on different market segments, making them highly complementary for investors seeking targeted multi-asset diversification.

Expense Ratio Comparison & Performance: QQQ vs SMH

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

QQQ charges a lower expense ratio of 0.20% compared to SMH at 0.35%. QQQ is 1.7x cheaper, saving long-term investors approximately $15 per year for every $100,000 invested.

2. Volatility, Risk & Long-Term Growth Potential

QQQ and SMH 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 SMH 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 SMH ETF Overlap
What is the portfolio overlap percentage between QQQ and SMH?
Invesco QQQ Trust (QQQ) and VanEck Vectors Semiconductor ETF (SMH) have a 29.9% overlap by weight and share 14 identical stock holdings. QQQ holds 101 total assets while SMH holds 0 total assets.
What is the main difference between QQQ and SMH?
The main difference between QQQ and SMH lies in sector allocation, expense ratio, and portfolio breadth:
  • Sector Focus: QQQ's largest sector is Information Technology (58.17%), whereas SMH's largest sector is Information Technology (100.0%).
  • Expense Ratio: QQQ has an expense ratio of 0.20%, while SMH charges 0.35%. QQQ is 1.7x cheaper than SMH.
  • Portfolio Breadth: QQQ holds 101 total stocks vs SMH's 0 stocks.
Is it good to hold both QQQ and SMH in the same portfolio?
Holding both QQQ and SMH results in a 29.9% portfolio weight overlap across 14 common holdings. Holding both QQQ and SMH offers strong complementary diversification with low weight overlap (29.9%), allowing investors to combine distinct market segments in a single portfolio.
Which ETF has lower management expense fees: QQQ or SMH?
QQQ has an expense ratio of 0.20%, while SMH charges 0.35%. QQQ is 1.7x cheaper than SMH.
Which ETF is better for long-term investors: QQQ or SMH?
The ideal choice depends on your investment strategy: QQQ (0.20% expense ratio) provides exposure to Invesco QQQ Trust, while SMH (0.35% expense ratio) offers exposure to VanEck Vectors Semiconductor ETF. Comparing sector concentration and historical volatility helps align your choice with long-term goals.
Do QQQ and SMH pay dividends?
Yes, both QQQ and SMH pay quarterly dividend distributions to shareholders derived from underlying dividend payments of portfolio companies.