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ETF Overlap Tool: VOO vs QQQ

Compare portfolio holdings overlap, tech concentration risk, and expense ratio differences between Vanguard S&P 500 ETF (VOO) and Invesco QQQ Trust (QQQ).

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ETF Overlap Overview & Key Metrics
VOO (503 Total) QQQ (101 Total) ONLY IN VOO 419 Stocks (53.6% Weight) MODERATE HOLDINGS OVERLAP 84 Shared Stocks (83.2%) 46.4% Weight Duplication ONLY IN QQQ 17 Stocks (53.6% Weight)
Overlap by Weight
46.4%
⚡ Moderate Tech Overlap
Expense Ratio Gap
0.03% vs 0.20%
VOO is 6.7x cheaper than QQQ
Unique Holdings
419 vs 17 Stocks
~53.6% Weight Difference
Sector Allocation Breakdown
Information Technology
37.43%
Financials
12.19%
Communication Services
9.91%
Consumer Discretionary
9.58%
Healthcare
9.1%
Industrials
8.16%
Consumer Staples
4.61%
Energy
3.36%
Utilities
2.15%
Real Estate
1.88%
Materials
1.62%
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%

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Stock Holdings Breakdown (VOO vs QQQ)

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

VOO vs QQQ: Portfolio Overlap & Investment Strategy Guide

When evaluating Vanguard S&P 500 ETF (VOO) versus Invesco QQQ Trust (QQQ), investors are comparing two distinct ETF strategies. VOO holds 503 total assets while QQQ contains 101 total assets. Across both portfolios, they share 25 common stock holdings, representing a 46.4% 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: VOO concentrates its largest allocation in Information Technology (37.43%), whereas QQQ allocates its highest weighting to Information Technology (58.17%).
  • 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: VOO features 503 holdings compared to 101 holdings in QQQ, affecting single-stock concentration risk.

Strategic Portfolio Insight: Moderate Overlap & Balanced Dual Exposure

Combining VOO and QQQ creates a moderate portfolio overlap of 46.4% by weight. While they share 25 common holdings, each ETF offers distinct sector weightings and strategy tilts that can complement a broader asset allocation strategy.

Expense Ratio Comparison & Performance: VOO vs QQQ

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

VOO charges a lower expense ratio of 0.03% compared to QQQ at 0.20%. VOO is 6.7x cheaper, saving long-term investors approximately $17 per year for every $100,000 invested.

2. Volatility, Risk & Long-Term Growth Potential

VOO and QQQ 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 VOO and QQQ 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: VOO vs QQQ ETF Overlap
What is the portfolio overlap percentage between VOO and QQQ?
Vanguard S&P 500 ETF (VOO) and Invesco QQQ Trust (QQQ) have a 46.4% overlap by weight and share 25 identical stock holdings. VOO holds 503 total assets while QQQ holds 101 total assets.
What is the main difference between VOO and QQQ?
The main difference between VOO and QQQ lies in sector allocation, expense ratio, and portfolio breadth:
  • Sector Focus: VOO's largest sector is Information Technology (37.43%), whereas QQQ's largest sector is Information Technology (58.17%).
  • Expense Ratio: VOO has an expense ratio of 0.03%, while QQQ charges 0.20%. VOO is 6.7x cheaper than QQQ.
  • Portfolio Breadth: VOO holds 503 total stocks vs QQQ's 101 stocks.
Is it good to hold both VOO and QQQ in the same portfolio?
Holding both VOO and QQQ results in a 46.4% portfolio weight overlap across 25 common holdings. With a moderate weight overlap of 46.4%, holding both VOO and QQQ can provide balanced dual exposure if you want to tilt toward specific sector weightings while maintaining broader market coverage.
Which ETF has lower management expense fees: VOO or QQQ?
VOO has an expense ratio of 0.03%, while QQQ charges 0.20%. VOO is 6.7x cheaper than QQQ.
Which ETF is better for long-term investors: VOO or QQQ?
The ideal choice depends on your investment strategy: VOO (0.03% expense ratio) provides exposure to Vanguard S&P 500 ETF, while QQQ (0.20% expense ratio) offers exposure to Invesco QQQ Trust. Comparing sector concentration and historical volatility helps align your choice with long-term goals.
Do VOO and QQQ pay dividends?
Yes, both VOO and QQQ pay quarterly dividend distributions to shareholders derived from underlying dividend payments of portfolio companies.