etf overlap tool · little overlap
QQQM vs XLE overlap
0.5% of QQQM and XLE is the same money, spread over 2 companies both funds hold.
Holdings as of October 16, 2026 · source: Invesco (QQQM), SPDR (XLE) · How we measured all 1,431 pairs
- same money
- same companies, extra weight
- only in this fund
Hold QQQM and XLE with other funds or stocks? The free portfolio optimizer opens QQQM and XLE beside the rest of what you own: the companies you hold twice, what the funds cost a year, and where the next deposit should go. No account.
The companies you would own twice
What only one of them gives you
AMZNAmazon.com Inc4.26%Where each fund puts its money
QQQM and XLE: what people ask
How much do QQQM and XLE overlap?
0.5% by weight, as of October 16, 2026: little overlap. 2 companies appear in both funds; they make up 0.5% of QQQM and 4.7% of XLE.
Which stocks do QQQM and XLE both hold?
The largest shared positions are FANG and BKR. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both QQQM and XLE?
Out of every $100 split evenly between them, about $0 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 100 names only in QQQM, 20 only in XLE. Half in each behaves like 28 equally weighted stocks, against 32 for QQQM alone and 9 for XLE alone. Whether that duplication is a problem depends on the mix you want; this is a description, not advice.
How is ETF overlap calculated here?
For every company held by both funds we take the smaller of its two weights and add them up. The weights come from the full holdings files Invesco and SPDR publish, not a top-10 sample, and companies are matched by their ISIN so share classes stay apart. Sector overlap applies the same rule to the issuers' sector labels; "behaves like N equally weighted stocks" is one over the sum of the squared weights.
Weights come from each issuer's published holdings file and are matched company by company on their ISIN. Cash, futures and currency positions are left out. This page describes what the funds hold; it is not investment advice.