Guardfolio Research · ETF Overlap
QQQ vs VTV Overlap: 18.1% of Weight in Shared Holdings
QQQ (Invesco QQQ) and VTV (Vanguard Value) overlap by 18.1% of normalized weight through 39 shared securities, led by MU, WMT, CSCO, LIN, AMGN. Here is which positions contribute most and what the result can and cannot say about diversification.
Overlap Summary
Bottom line
QQQ and VTV share 18.1% of normalized fund weight across 39 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 VTV 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; VTV 2026-08-24 |
| Coverage gate | At least 97% retained per fund |
| Holding | QQQ weight | VTV weight | Shared (min) |
|---|---|---|---|
| Micron Technology Inc (MU) | 4.82% | 3.46% | 3.46% |
| Walmart Inc (WMT) | 2.24% | 1.82% | 1.82% |
| Cisco Systems Inc (CSCO) | 1.93% | 1.53% | 1.53% |
| Linde PLC (LIN) | 1.00% | 0.82% | 0.82% |
| Amgen Inc (AMGN) | 1.05% | 0.77% | 0.77% |
| PepsiCo Inc (PEP) | 0.87% | 0.71% | 0.71% |
| Intel Corp (INTC) | 2.00% | 0.68% | 0.68% |
| Analog Devices Inc (ADI) | 0.80% | 0.67% | 0.67% |
| Gilead Sciences Inc (GILD) | 0.80% | 0.60% | 0.60% |
| QUALCOMM Inc (QCOM) | 0.75% | 0.58% | 0.58% |
| Texas Instruments Inc (TXN) | 1.06% | 0.47% | 0.47% |
| Automatic Data Processing Inc (ADP) | 0.50% | 0.40% | 0.40% |
| CSX Corp (CSX) | 0.42% | 0.35% | 0.35% |
| Comcast Corp (CMCSA) | 0.42% | 0.32% | 0.32% |
| Constellation Energy Corp (CEG) | 0.44% | 0.32% | 0.32% |
| Ross Stores Inc (ROST) | 0.34% | 0.30% | 0.30% |
| Mondelez International Inc (MDLZ) | 0.37% | 0.30% | 0.30% |
| Regeneron Pharmaceuticals Inc (REGN) | 0.38% | 0.29% | 0.29% |
| Honeywell International Inc (HONIV) | 0.30% | 0.29% | 0.29% |
| T-Mobile US Inc (TMUS) | 0.88% | 0.28% | 0.28% |
| Total full-holdings overlap | 26.0% | 18.1% | 18.1% |
Showing the 20 largest contributors of 39 shared securities. The total uses every shared security.
The 18.1% 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; VTV is dated 2026-08-24 with 99.778% retained coverage.
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Sector Picture
QQQ vs VTV: sector exposure side by side
Two funds can share few holdings yet still concentrate the same sectors. Here is how the top sectors compare (35.0% combined sector overlap).
| Sector | QQQ | VTV |
|---|---|---|
| Technology | 53.6% | 9.1% |
| Consumer Staples | 5.0% | 10.2% |
| Consumer Discretionary | 13.0% | 4.8% |
| Industrials | 4.6% | 13.7% |
| Healthcare | 4.3% | 14.5% |
| Communication Services | 12.6% | 3.7% |
The Verdict
Should you hold both QQQ and VTV?
QQQ and VTV share 18.1% of normalized fund weight across 39 securities. That is significant overlap: the funds reinforce some of the same positions, so combining them may diversify less than expected.
FAQ
QQQ vs VTV overlap: common questions
How much do QQQ and VTV overlap?
QQQ (Invesco QQQ) and VTV (Vanguard Value) overlap by approximately 18.1% of normalized weight across their licensed full holdings. They share 39 securities; the largest contributors include MU, WMT, CSCO, LIN, AMGN, PEP, INTC, ADI. The separately dated sector reference shows 35.0% overlap.
What stocks do QQQ and VTV both hold?
Both QQQ and VTV hold Micron Technology Inc (MU), Walmart Inc (WMT), Cisco Systems Inc (CSCO), Linde PLC (LIN), Amgen Inc (AMGN), PepsiCo Inc (PEP), Intel Corp (INTC), Analog Devices Inc (ADI) among their top positions. These shared names account for the 18.1% weight overlap.
Is it worth holding both QQQ and VTV?
QQQ and VTV share 18.1% of normalized fund weight across 39 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 VTV?
QQQ is a large-cap growth fund (US Large-Cap Growth (Nasdaq-100), 0.20% expense ratio) and VTV is a large-cap value fund (US Large-Cap Value, 0.04% expense ratio). The dataset includes 104 QQQ holdings as of 2026-08-24 and 309 VTV holdings as of 2026-08-24.
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