Guardfolio Research · ETF Overlap
QQQ vs VIG Overlap: 11.4% of Weight in Shared Holdings
QQQ (Invesco QQQ) and VIG (Vanguard Dividend Appreciation) overlap by 11.4% of weight through 3 shared top-10 holdings — including AAPL, MSFT, AVGO. Here is exactly which stocks duplicate, the sector picture, and whether holding both concentrates or diversifies your portfolio.
Overlap Summary
Bottom line
QQQ and VIG have moderate, manageable overlap — about 11.4% of top-10 weight across 3 shared names. There is some double-up on the largest holdings, but the funds still pull in meaningfully different directions..
The Data
Exactly which stocks QQQ and VIG share
The table below shows every holding that appears in both funds' top 10, with each fund's weight and the shared (minimum) weight that counts toward overlap.
| Holding | QQQ weight | VIG weight | Shared (min) |
|---|---|---|---|
| Apple Inc. (AAPL) | 7.15% | 4.05% | 4.05% |
| Microsoft Corp. (MSFT) | 4.96% | 3.95% | 3.95% |
| Broadcom Inc. (AVGO) | 3.40% | 5.16% | 3.40% |
| Total shared top-10 weight | 15.5% | 13.2% | 11.4% |
Weights are approximate, based on the most recent quarterly holdings. The 11.4% figure is the sum of the lesser of each fund's weight per shared holding (the conservative top-10 method).
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Sector Picture
QQQ vs VIG: sector exposure side by side
Two funds can share few holdings yet still concentrate the same sectors. Here is how the top sectors compare (50.0% combined sector overlap).
| Sector | QQQ | VIG |
|---|---|---|
| Technology | 53.6% | 26.5% |
| Consumer Discretionary | 13.0% | 5.3% |
| Consumer Staples | 5.0% | 10.1% |
| Industrials | 4.6% | 11.5% |
| Healthcare | 4.3% | 14.5% |
| Utilities | 1.4% | 2.7% |
The Verdict
Should you hold both QQQ and VIG?
QQQ and VIG have moderate, manageable overlap — about 11.4% of top-10 weight across 3 shared names. There is some double-up on the largest holdings, but the funds still pull in meaningfully different directions.
FAQ
QQQ vs VIG overlap: common questions
How much do QQQ and VIG overlap?
QQQ (Invesco QQQ) and VIG (Vanguard Dividend Appreciation) overlap by approximately 11.4% of weight based on their top-10 holdings, with 50.0% sector overlap. They share 3 top-10 holdings: AAPL, MSFT, AVGO.
What stocks do QQQ and VIG both hold?
Both QQQ and VIG hold Apple Inc (AAPL), Microsoft Corp (MSFT), Broadcom Inc (AVGO) among their top positions. These shared names account for the 11.4% weight overlap.
Is it worth holding both QQQ and VIG?
QQQ and VIG have moderate, manageable overlap — about 11.4% of top-10 weight across 3 shared names. There is some double-up on the largest holdings, but the funds still pull in meaningfully different directions.
What is the difference between QQQ and VIG?
QQQ is a large-cap growth fund (US Large-Cap Growth (Nasdaq-100), 0.20% expense ratio) and VIG is a dividend fund (US Dividend, 0.05% expense ratio). QQQ's top 10 is 47.7% of the fund; VIG's is 32.4%.
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