Guardfolio Research · ETF Overlap
QQQM vs VUG Overlap: 40.0% of Weight in Shared Holdings
QQQM (Invesco Nasdaq-100) and VUG (Vanguard Growth) overlap by 40.0% of weight through 8 shared top-10 holdings — including NVDA, AAPL, MSFT, AMZN, GOOGL. Here is exactly which stocks duplicate, the sector picture, and whether holding both concentrates or diversifies your portfolio.
Overlap Summary
Bottom line
QQQM and VUG overlap heavily — 40.0% of weight sits in the same 8 top-10 names. Owning both stacks the same mega-cap bets rather than spreading risk.
The Data
Exactly which stocks QQQM and VUG 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 | QQQM weight | VUG weight | Shared (min) |
|---|---|---|---|
| NVIDIA Corp. (NVDA) | 9.34% | 13.33% | 9.34% |
| Apple Inc. (AAPL) | 7.14% | 11.53% | 7.14% |
| Microsoft Corp. (MSFT) | 4.96% | 8.76% | 4.96% |
| Amazon.com, Inc. (AMZN) | 4.68% | 5.11% | 4.68% |
| Alphabet Inc. (GOOGL) | 3.81% | 6.49% | 3.81% |
| Alphabet Inc. (GOOG) | 3.52% | 5.11% | 3.52% |
| Broadcom Inc. (AVGO) | 3.40% | 5.20% | 3.40% |
| Tesla, Inc. (TSLA) | 3.61% | 3.12% | 3.12% |
| Total shared top-10 weight | 40.5% | 58.7% | 40.0% |
Weights are approximate, based on the most recent quarterly holdings. The 40.0% 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
QQQM 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 | QQQM | VUG |
|---|---|---|
| Technology | 53.5% | 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 QQQM and VUG?
QQQM and VUG overlap heavily — 40.0% of weight sits in the same 8 top-10 names. Owning both stacks the same mega-cap bets rather than spreading risk. You are also paying two expense ratios for largely the same exposure. Treat this pair as one position, not two.
FAQ
QQQM vs VUG overlap: common questions
How much do QQQM and VUG overlap?
QQQM (Invesco Nasdaq-100) and VUG (Vanguard Growth) overlap by approximately 40.0% of weight based on their top-10 holdings, with 87.0% sector overlap. They share 8 top-10 holdings: NVDA, AAPL, MSFT, AMZN, GOOGL, GOOG, AVGO, TSLA.
What stocks do QQQM and VUG both hold?
Both QQQM and VUG hold NVIDIA Corp (NVDA), Apple Inc (AAPL), Microsoft Corp (MSFT), Amazon (AMZN), Alphabet Inc (GOOGL), Alphabet Inc (GOOG), Broadcom Inc (AVGO), Tesla (TSLA) among their top positions. These shared names account for the 40.0% weight overlap.
Is it worth holding both QQQM and VUG?
QQQM and VUG overlap heavily — 40.0% of weight sits in the same 8 top-10 names. Owning both stacks the same mega-cap bets rather than spreading risk. You are also paying two expense ratios for largely the same exposure. Treat this pair as one position, not two.
What is the difference between QQQM and VUG?
QQQM is a large-cap growth fund (US Large-Cap Growth (Nasdaq-100), 0.15% expense ratio) and VUG is a large-cap growth fund (US Large-Cap Growth, 0.04% expense ratio). QQQM's top 10 is 47.7% of the fund; VUG's is 64.8%.
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