QQQ vs VGT

Name: QQQ vs VGT: holdings overlap, returns and correlation
Creator: TickerInside
License: https://creativecommons.org/licenses/by/4.0/

QQQ and VGT overlap by 52.9% of their weight, in the 39 companies both hold, by QQQ's issuer file of 2026-10-15 and VGT's SEC Form N-PORT for the period ended 2026-05-31.

Invesco QQQ Trust against Vanguard Information Technology ETF.

Edited by VoidLab Data through 2026-10-16 Last revised 2026-10-15

View as Markdown What changed

Overlap

52.9%

39 companies in both

about half the same weight

Correlation

0.97

weekly returns, 3 years

almost always in step

Cheaper

VGT

0.09% against 0.18%

Higher, 3 years

VGT

142.6% against 108.8%

Fell less

QQQ

-21.3% against -25.6%

The short answer

These are not two versions of the same bet. VGT is technology as an industry classifies it; QQQ is whatever is large and listed on the Nasdaq, which includes Amazon, Alphabet, Tesla and Meta, none of which VGT holds.

The two funds

QQQ

Invesco QQQ Trust

Last close, 2026-10-15: $728.00 -0.13%
Cost per year: 0.18%
Return, 1 year: 21.1%
Return, 3 years: 108.8%
Worst fall, 3 years: -21.3%shallower
Volatility: 19.5%calmer
Positions: 101
Top 10 weight: 46.9%

VGT

Vanguard Information Technology ETF

Last close, 2026-10-15: $122.34 -0.42%
Cost per year: 0.09%cheaper
Return, 1 year: 30.7%higher
Return, 3 years: 142.6%higher
Worst fall, 3 years: -25.6%
Volatility: 23.4%
Positions: 316
Top 10 weight: 59.4%

QQQ and VGT, prices through 2026-10-16. How the badges are decided.

Holdings overlap

52.9%

39 companies sit in both funds. That is 56.0% of QQQ's own weight and 75.2% of VGT's.

Side by side

Cost per yearlower is better

QQQ0.18%

VGT0.09%

Return, 1 yearhigher is better

QQQ21.1%

VGT30.7%

Return, 3 yearshigher is better

QQQ108.8%

VGT142.6%

Worst fall, 3 yearsshallower is better

QQQ-21.3%

VGT-25.6%

Volatilitycalmer is better

QQQ19.5%

VGT23.4%

Top 10 weight

QQQ46.9%

VGT59.4%

QQQ against VGT, each pair of bars on a shared scale, prices through 2026-10-16.

QQQ weight also held by VGT56.0%

VGT weight also held by QQQ75.2%

QQQ from its issuer file of 15 Oct 2026, VGT from its SEC Form N-PORT for the period ended 31 May 2026

Each bar is one whole fund, cut at the share it holds in common with the other. 52.9% of their weight is held in common, in the 39 companies both own.

What the numbers say

The overlap runs one way, and it is the smaller fund that is contained

People reach for these two as if they were interchangeable technology funds, and the holdings say otherwise. Only 39 companies appear in both, and the overlap is lopsided: 75.2% of VGT sits inside QQQ, but only 56.0% of QQQ sits inside VGT.

The gap is a classification story

VGT follows a technology sector index, so Amazon is a consumer company, Alphabet and Meta are communication services, and Tesla is a car maker. None of them is in VGT. All four are among the largest positions in QQQ. Conversely VGT holds Oracle, IBM, Accenture, Salesforce and Arista, which are not on the Nasdaq or not large enough for QQQ.

What that classification has been worth, and what it cost

The consequence over three years has been real. VGT returned 142.6% against 108.8% for QQQ, and did it with more volatility, 23.4% against 19.5%, and a deeper fall of -25.6% against -21.3%. A fund with 59.4% of its weight in its ten largest positions moves harder in both directions than one at 46.9%, and that is the trade being made here, not a preference between two labels for the same thing.

Where they hold the same companies

Measure	Value
Overlap by weight	52.9%
Share of QQQ held in common with VGT	56.0%
Share of VGT held in common with QQQ	75.2%
Companies in both	39
Positions in QQQ / VGT	101 / 316

QQQ holdings as published 2026-10-15; VGT holdings from its SEC Form N-PORT for the period ended 2026-05-31, filed 2026-07-29.

Largest positions held by both

Rank	Company	In QQQ	In VGT	Overlap
1	NVDA Nvidia	8.06%	16.82%	8.06%
2	AAPL Apple	7.69%	14.57%	7.69%
3	MSFT Microsoft	6.17%	9.46%	6.17%
4	MU Micron Technology	4.47%	4.2%	4.2%
5	AMD Advanced Micro Devices	3.9%	3.21%	3.21%
6	AVGO Broadcom	2.52%	4.21%	2.52%
7	INTC Intel	2.13%	2.03%	2.03%
8	CSCO Cisco	1.85%	1.85%	1.85%
9	LRCX Lam Research	1.48%	1.56%	1.48%
10	AMAT Applied Materials	1.45%	1.4%	1.4%
11	PLTR Palantir Technologies	1.96%	1.35%	1.35%
12	TXN Texas Instruments	1.08%	1.11%	1.08%
13	KLAC KLA	0.97%	1.0%	0.97%
14	PANW Palo Alto Networks	1.28%	0.92%	0.92%
15	SNDK Sandisk Corp	0.87%	0.98%	0.87%

Held by only one of them

In QQQ only	Weight	In VGT only	Weight
AMZN Amazon	4.23%	ORCL Oracle	1.45%
META Meta Platforms	3.37%	IBM IBM	1.08%
GOOGL Alphabet Class A	3.16%	APH Amphenol	0.73%
GOOG Alphabet Class C	2.94%	CRM Salesforce	0.69%
TSLA Tesla	2.93%	ANET Arista Networks	0.69%
SPCX Space Exploration Technologies Corp	2.71%	GLW Corning	0.61%
WMT Walmart	2.44%	DELL Dell Technologies	0.61%
COST Costco	1.84%	NOW ServiceNow	0.51%
NFLX Netflix	1.29%	ACN Accenture	0.47%
AMGN Amgen	1.0%	CIEN Ciena	0.37%

Covariance and correlation

Covariance, annualised (%²)

	QQQ	VGT
QQQ	380	443.6
VGT	443.6	548

Percent squared per year, three years of weekly returns

Correlation, 3 years

	QQQ	VGT
QQQ	1.00	0.97almost always in step
VGT	0.97almost always in step	1.00

Weekly total returns, what the bands mean

Check it: 443.6 divided by (19.5 × 23.4) is 0.97, the correlation in the second matrix.

One year, side by side

QQQ 118 VGT 127

2025-10-242026-10-16

Both rebased to 100 a year ago, weekly closes.

Cost, returns and risk

Measure	QQQ	VGT
Expense ratio	0.18%	0.09%
Dividend yield	0.42%	n/a
Total return, 1 year	21.1%	30.7%
Total return, 3 years cumulative	108.8%	142.6%
Total return, 5 years cumulative	100.5%	136.7%
Volatility, annualised on 3 years of weekly returns	19.5%	23.4%
Worst fall in 3 years, peak to trough, weekly closes	-21.3%	-25.6%
Beta against the S&P 500	1.29	1.51
Positions held	101	316
Weight in the ten largest positions	46.9%	59.4%
Weight in the single largest position	8.1%	16.8%
Assets (Vanguard: whole fund, all share classes)	$498.9B	n/a

Prices through 2026-10-16. The positions and the weights of the largest positions are from QQQ's issuer file of 2026-10-15 and VGT's SEC Form N-PORT for the period ended 2026-05-31.

Year by year

Year	QQQ	VGT
2026	18.9%	30.3%
2025	20.8%	21.8%
2024	25.6%	29.3%
2023	54.9%	52.7%
2022	-32.6%	-29.7%

Do they move together

Window	Correlation of weekly returns
1 year	0.96
3 years	0.97
5 years	0.97

Where to go next

QQQ, the full page: every holding, and what else it duplicates
VGT, the full page
SCHD vs SCHG
VOO vs QQQ
QQQ vs QQQM
Run the x-ray on your whole portfolio, this pair included
Check any other pair in the overlap calculator

How these numbers are produced · Ask the same questions from your assistant

Cite this page

TickerInside, QQQ vs VGT, holdings from QQQ's issuer file of 2026-10-15, and VGT's SEC Form N-PORT for the period ended 2026-05-31, filed 2026-07-29, https://tickerinside.com/compare/qqq-vs-vgt/, CC BY 4.0

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