Guardfolio Research · ETF Overlap
QQQ vs VYM Overlap: 15.0% of Weight in Shared Holdings
QQQ (Invesco QQQ) and VYM (Vanguard High Dividend Yield) overlap by 15.0% of normalized weight through 28 shared securities, led by AVGO, CSCO, TXN, LIN, AMGN. Here is which positions contribute most and what the result can and cannot say about diversification.
Overlap Summary
Bottom line
QQQ and VYM have moderate overlap: about 15.0% of normalized fund weight across 28 shared securities. There is meaningful duplication, but the funds still include substantial distinct exposure..
The Data
Exactly which securities QQQ and VYM 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; VYM 2026-08-24 |
| Coverage gate | At least 97% retained per fund |
| Holding | QQQ weight | VYM weight | Shared (min) |
|---|---|---|---|
| Broadcom Inc (AVGO) | 2.80% | 7.37% | 2.80% |
| Cisco Systems Inc (CSCO) | 1.93% | 1.87% | 1.87% |
| Texas Instruments Inc (TXN) | 1.06% | 1.02% | 1.02% |
| Linde PLC (LIN) | 1.00% | 0.90% | 0.90% |
| Amgen Inc (AMGN) | 1.05% | 0.78% | 0.78% |
| PepsiCo Inc (PEP) | 0.87% | 0.78% | 0.78% |
| Analog Devices Inc (ADI) | 0.80% | 0.73% | 0.73% |
| Gilead Sciences Inc (GILD) | 0.80% | 0.66% | 0.66% |
| QUALCOMM Inc (QCOM) | 0.75% | 0.63% | 0.63% |
| Starbucks Corp (SBUX) | 0.54% | 0.49% | 0.49% |
| Automatic Data Processing Inc (ADP) | 0.50% | 0.43% | 0.43% |
| Comcast Corp (CMCSA) | 0.42% | 0.35% | 0.35% |
| T-Mobile US Inc (TMUS) | 0.88% | 0.34% | 0.34% |
| Mondelez International Inc (MDLZ) | 0.37% | 0.33% | 0.33% |
| Honeywell International Inc (HONIV) | 0.30% | 0.31% | 0.30% |
| American Electric Power Co Inc (AEP) | 0.29% | 0.28% | 0.28% |
| PACCAR Inc (PCAR) | 0.30% | 0.28% | 0.28% |
| Baker Hughes Co (BKR) | 0.27% | 0.24% | 0.24% |
| NXP Semiconductors NV (NXPI) | 0.25% | 0.24% | 0.24% |
| Honeywell Aerospace Inc (HONAV) | 0.23% | 0.27% | 0.23% |
| Total full-holdings overlap | 17.1% | 19.6% | 15.0% |
Showing the 20 largest contributors of 28 shared securities. The total uses every shared security.
The 15.0% 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; VYM is dated 2026-08-24 with 99.834% retained coverage.
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Sector Picture
QQQ vs VYM: sector exposure side by side
Two funds can share few holdings yet still concentrate the same sectors. Here is how the top sectors compare (42.0% combined sector overlap).
| Sector | QQQ | VYM |
|---|---|---|
| Technology | 53.6% | 14.5% |
| Consumer Discretionary | 13.0% | 7.2% |
| Consumer Staples | 5.0% | 11.8% |
| Industrials | 4.6% | 12.4% |
| Healthcare | 4.3% | 11.9% |
| Communication Services | 12.6% | 2.8% |
The Verdict
Should you hold both QQQ and VYM?
QQQ and VYM have moderate overlap: about 15.0% of normalized fund weight across 28 shared securities. There is meaningful duplication, but the funds still include substantial distinct exposure.
FAQ
QQQ vs VYM overlap: common questions
How much do QQQ and VYM overlap?
QQQ (Invesco QQQ) and VYM (Vanguard High Dividend Yield) overlap by approximately 15.0% of normalized weight across their licensed full holdings. They share 28 securities; the largest contributors include AVGO, CSCO, TXN, LIN, AMGN, PEP, ADI, GILD. The separately dated sector reference shows 42.0% overlap.
What stocks do QQQ and VYM both hold?
Both QQQ and VYM hold Broadcom Inc (AVGO), Cisco Systems Inc (CSCO), Texas Instruments Inc (TXN), Linde PLC (LIN), Amgen Inc (AMGN), PepsiCo Inc (PEP), Analog Devices Inc (ADI), Gilead Sciences Inc (GILD) among their top positions. These shared names account for the 15.0% weight overlap.
Is it worth holding both QQQ and VYM?
QQQ and VYM have moderate overlap: about 15.0% of normalized fund weight across 28 shared securities. There is meaningful duplication, but the funds still include substantial distinct exposure.
What is the difference between QQQ and VYM?
QQQ is a large-cap growth fund (US Large-Cap Growth (Nasdaq-100), 0.20% expense ratio) and VYM is a dividend fund (US Dividend, 0.06% expense ratio). The dataset includes 104 QQQ holdings as of 2026-08-24 and 605 VYM holdings as of 2026-08-24.
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