Guardfolio Research · ETF Overlap
QQQ vs VIG Overlap: 30.1% of Weight in Shared Holdings
QQQ (Invesco QQQ) and VIG (Vanguard Dividend Appreciation) overlap by 30.1% of normalized weight through 28 shared securities, led by AAPL, MSFT, AVGO, WMT, CSCO. Here is which positions contribute most and what the result can and cannot say about diversification.
Overlap Summary
Bottom line
QQQ and VIG share 30.1% of normalized fund weight across 28 securities. That is significant overlap: the funds reinforce some of the same positions, so combining them may diversify less than expected..
The Data
Exactly which securities QQQ and VIG share
The table below shows the largest contributors to overlap across the licensed full holdings, with each fund's normalized weight and the lesser weight that counts toward overlap.
| Data basis | Licensed full holdings |
|---|---|
| Fund dates | QQQ 2026-08-24; VIG 2026-08-24 |
| Coverage gate | At least 97% retained per fund |
| Holding | QQQ weight | VIG weight | Shared (min) |
|---|---|---|---|
| Apple Inc (AAPL) | 7.28% | 4.47% | 4.47% |
| Microsoft Corp (MSFT) | 5.75% | 4.35% | 4.35% |
| Broadcom Inc (AVGO) | 2.80% | 4.65% | 2.80% |
| Walmart Inc (WMT) | 2.24% | 2.12% | 2.12% |
| Cisco Systems Inc (CSCO) | 1.93% | 1.99% | 1.93% |
| Costco Wholesale Corp (COST) | 1.86% | 1.83% | 1.83% |
| Lam Research Corp (LRCX) | 1.74% | 1.59% | 1.59% |
| Texas Instruments Inc (TXN) | 1.06% | 1.09% | 1.06% |
| KLA Corp (KLAC) | 1.06% | 1.04% | 1.04% |
| Linde PLC (LIN) | 1.00% | 0.96% | 0.96% |
| Amgen Inc (AMGN) | 1.05% | 0.90% | 0.90% |
| PepsiCo Inc (PEP) | 0.87% | 0.83% | 0.83% |
| Analog Devices Inc (ADI) | 0.80% | 0.78% | 0.78% |
| Gilead Sciences Inc (GILD) | 0.80% | 0.70% | 0.70% |
| QUALCOMM Inc (QCOM) | 0.75% | 0.67% | 0.67% |
| Starbucks Corp (SBUX) | 0.54% | 0.52% | 0.52% |
| Automatic Data Processing Inc (ADP) | 0.50% | 0.46% | 0.46% |
| CSX Corp (CSX) | 0.42% | 0.41% | 0.41% |
| Intuit Inc (INTU) | 0.44% | 0.38% | 0.38% |
| Mondelez International Inc (MDLZ) | 0.37% | 0.35% | 0.35% |
| Total full-holdings overlap | 35.3% | 32.1% | 30.1% |
Showing the 20 largest contributors of 28 shared securities. The total uses every shared security.
The 30.1% figure uses all reported non-cash holdings and sums the lesser normalized weight for each shared security. QQQ is dated 2026-08-24 with 99.986% retained coverage; VIG is dated 2026-08-24 with 99.699% retained coverage.
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Sector Picture
QQQ vs VIG: sector exposure side by side
Two funds can share few holdings yet still concentrate the same sectors. Here is how the top sectors compare (50.0% combined sector overlap).
| Sector | QQQ | VIG |
|---|---|---|
| Technology | 53.6% | 26.5% |
| Consumer Discretionary | 13.0% | 5.3% |
| Consumer Staples | 5.0% | 10.1% |
| Industrials | 4.6% | 11.5% |
| Healthcare | 4.3% | 14.5% |
| Utilities | 1.4% | 2.7% |
The Verdict
Should you hold both QQQ and VIG?
QQQ and VIG share 30.1% of normalized fund weight across 28 securities. That is significant overlap: the funds reinforce some of the same positions, so combining them may diversify less than expected.
FAQ
QQQ vs VIG overlap: common questions
How much do QQQ and VIG overlap?
QQQ (Invesco QQQ) and VIG (Vanguard Dividend Appreciation) overlap by approximately 30.1% of normalized weight across their licensed full holdings. They share 28 securities; the largest contributors include AAPL, MSFT, AVGO, WMT, CSCO, COST, LRCX, TXN. The separately dated sector reference shows 50.0% overlap.
What stocks do QQQ and VIG both hold?
Both QQQ and VIG hold Apple Inc (AAPL), Microsoft Corp (MSFT), Broadcom Inc (AVGO), Walmart Inc (WMT), Cisco Systems Inc (CSCO), Costco Wholesale Corp (COST), Lam Research Corp (LRCX), Texas Instruments Inc (TXN) among their top positions. These shared names account for the 30.1% weight overlap.
Is it worth holding both QQQ and VIG?
QQQ and VIG share 30.1% of normalized fund weight across 28 securities. That is significant overlap: the funds reinforce some of the same positions, so combining them may diversify less than expected.
What is the difference between QQQ and VIG?
QQQ is a large-cap growth fund (US Large-Cap Growth (Nasdaq-100), 0.20% expense ratio) and VIG is a dividend fund (US Dividend, 0.05% expense ratio). The dataset includes 104 QQQ holdings as of 2026-08-24 and 334 VIG holdings as of 2026-08-24.
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