etf overlap tool · little overlap
QQQM vs XLY overlap
10.0% of QQQM and XLY is the same money, spread over 9 companies both funds hold.
Holdings as of October 16, 2026 · source: Invesco (QQQM), SPDR (XLY) · How we measured all 1,431 pairs
- same money
- same companies, extra weight
- only in this fund
The companies you would own twice
What only one of them gives you
Where each fund puts its money
QQQM and XLY: what people ask
How much do QQQM and XLY overlap?
10.0% by weight, as of October 16, 2026: little overlap. 9 companies appear in both funds; they make up 10.0% of QQQM and 56% of XLY.
Which stocks do QQQM and XLY both hold?
The largest shared positions are AMZN, TSLA, BKNG, SBUX and MAR. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both QQQM and XLY?
Out of every $100 split evenly between them, about $10 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 93 names only in QQQM, 39 only in XLY. Half in each behaves like 25 equally weighted stocks, against 32 for QQQM alone and 10 for XLY 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.