Guardfolio Research · ETF Overlap
QQQ vs VUG Overlap: 58.6% of Weight in Shared Holdings
QQQ (Invesco QQQ) and VUG (Vanguard Growth) overlap by 58.6% of normalized weight through 57 shared securities, led by NVDA, AAPL, MSFT, AMZN, GOOGL. Here is which positions contribute most and what the result can and cannot say about diversification.
Overlap Summary
Bottom line
QQQ and VUG overlap heavily: 58.6% of normalized fund weight is shared across 57 securities. Owning both repeats much of the same exposure, so treat the pair as closely related positions rather than assuming two fund labels create diversification..
The Data
Exactly which securities QQQ and VUG 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; VUG 2026-08-24 |
| Coverage gate | At least 97% retained per fund |
| Holding | QQQ weight | VUG weight | Shared (min) |
|---|---|---|---|
| NVIDIA Corp (NVDA) | 8.32% | 12.82% | 8.32% |
| Apple Inc (AAPL) | 7.28% | 12.61% | 7.28% |
| Microsoft Corp (MSFT) | 5.75% | 9.60% | 5.75% |
| Amazon.com Inc (AMZN) | 4.45% | 5.16% | 4.45% |
| Alphabet Inc (GOOGL) | 3.22% | 5.80% | 3.22% |
| Alphabet Inc (GOOG) | 2.99% | 4.63% | 2.99% |
| Broadcom Inc (AVGO) | 2.80% | 4.47% | 2.80% |
| Meta Platforms Inc (META) | 2.61% | 3.41% | 2.61% |
| Tesla Inc (TSLA) | 2.90% | 2.45% | 2.45% |
| Advanced Micro Devices Inc (AMD) | 3.41% | 2.17% | 2.17% |
| Costco Wholesale Corp (COST) | 1.86% | 1.19% | 1.19% |
| Applied Materials Inc (AMAT) | 1.73% | 1.13% | 1.13% |
| Lam Research Corp (LRCX) | 1.74% | 1.03% | 1.03% |
| Netflix Inc (NFLX) | 1.48% | 0.85% | 0.85% |
| Palo Alto Networks Inc (PANW) | 1.29% | 0.77% | 0.77% |
| Palantir Technologies Inc (PLTR) | 1.83% | 0.76% | 0.76% |
| KLA Corp (KLAC) | 1.06% | 0.68% | 0.68% |
| Seagate Technology Holdings PLC (STX) | 0.84% | 0.55% | 0.55% |
| Western Digital Corp (WDC) | 0.70% | 0.53% | 0.53% |
| Crowdstrike Holdings Inc (CRWD) | 0.86% | 0.53% | 0.53% |
| Total full-holdings overlap | 74.1% | 79.7% | 58.6% |
Showing the 20 largest contributors of 57 shared securities. The total uses every shared security.
The 58.6% 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; VUG is dated 2026-08-24 with 99.926% retained coverage.
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Sector Picture
QQQ vs VUG: sector exposure side by side
Two funds can share few holdings yet still concentrate the same sectors. Here is how the top sectors compare (87.0% combined sector overlap).
| Sector | QQQ | VUG |
|---|---|---|
| Technology | 53.6% | 50.5% |
| Consumer Discretionary | 13.0% | 14.3% |
| Communication Services | 12.6% | 10.7% |
| Industrials | 4.6% | 5.5% |
| Healthcare | 4.3% | 5.5% |
| Consumer Staples | 5.0% | 1.7% |
The Verdict
Should you hold both QQQ and VUG?
QQQ and VUG overlap heavily: 58.6% of normalized fund weight is shared across 57 securities. Owning both repeats much of the same exposure, so treat the pair as closely related positions rather than assuming two fund labels create diversification.
FAQ
QQQ vs VUG overlap: common questions
How much do QQQ and VUG overlap?
QQQ (Invesco QQQ) and VUG (Vanguard Growth) overlap by approximately 58.6% of normalized weight across their licensed full holdings. They share 57 securities; the largest contributors include NVDA, AAPL, MSFT, AMZN, GOOGL, GOOG, AVGO, META. The separately dated sector reference shows 87.0% overlap.
What stocks do QQQ and VUG both hold?
Both QQQ and VUG hold NVIDIA Corp (NVDA), Apple Inc (AAPL), Microsoft Corp (MSFT), Amazon (AMZN), Alphabet Inc (GOOGL), Alphabet Inc (GOOG), Broadcom Inc (AVGO), Meta Platforms Inc (META) among their top positions. These shared names account for the 58.6% weight overlap.
Is it worth holding both QQQ and VUG?
QQQ and VUG overlap heavily: 58.6% of normalized fund weight is shared across 57 securities. Owning both repeats much of the same exposure, so treat the pair as closely related positions rather than assuming two fund labels create diversification.
What is the difference between QQQ and VUG?
QQQ is a large-cap growth fund (US Large-Cap Growth (Nasdaq-100), 0.20% expense ratio) and VUG is a large-cap growth fund (US Large-Cap Growth, 0.04% expense ratio). The dataset includes 104 QQQ holdings as of 2026-08-24 and 147 VUG holdings as of 2026-08-24.
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