# What does a portfolio of VOO 60%, QQQ 20% and VXUS 20% hold underneath?

A portfolio of VOO 60%, QQQ 20% and VXUS 20% has 9,063 distinct holdings once looked through, by the issuer files of 2026-08-31 for VOO and VXUS, and 2026-10-13 for QQQ. The largest is Nvidia (NVDA) at 6.52%, then Apple (AAPL) at 5.73% and Microsoft (MSFT) at 4.64%; the 10 largest together are 31.8% of the portfolio. The pair that overlaps most is VOO and QQQ, at 54.0% by weight. Together they behave like 1.1 independent bets, and QQQ's share of the risk is 25.6% against 20% of the capital.

## Key figures

| Measure | Value |
| --- | --- |
| ETFs | 3, VOO 60%, QQQ 20% and VXUS 20% |
| Holdings | 9,063 distinct after look-through |
| Top ten | 31.8% of the portfolio |
| Largest single name | Nvidia (NVDA), 6.52% |

## Which 10 holdings are the largest?

| # | Company | Weight | Through |
| ---: | --- | ---: | --- |
| 1 | Nvidia (NVDA) | 6.52% | VOO 4.86%, QQQ 1.66% |
| 2 | Apple (AAPL) | 5.73% | VOO 4.23%, QQQ 1.50% |
| 3 | Microsoft (MSFT) | 4.64% | VOO 3.42%, QQQ 1.22% |
| 4 | Amazon (AMZN) | 3.15% | VOO 2.31%, QQQ 0.84% |
| 5 | Alphabet Class A (GOOGL) | 2.43% | VOO 1.81%, QQQ 0.63% |
| 6 | Broadcom (AVGO) | 2.11% | VOO 1.59%, QQQ 0.51% |
| 7 | Alphabet Class C (GOOG) | 2.02% | VOO 1.44%, QQQ 0.58% |
| 8 | Micron Technology (MU) | 1.88% | VOO 0.98%, QQQ 0.90% |
| 9 | Meta Platforms (META) | 1.83% | VOO 1.14%, QQQ 0.68% |
| 10 | Tesla (TSLA) | 1.54% | VOO 0.94%, QQQ 0.59% |
|  | Top 10 together | 31.8% | VOO 22.72%, QQQ 9.12%, VXUS 0.00% |

VXUS brings none of the 10 largest. Its largest holding is Taiwan Semiconductor Manufacturing Co (2330.TW), 0.82% of the portfolio, 17th largest.

Holdings are counted by ticker: GOOGL and GOOG count as two, and so do ASML in New York and ASML.NL in Amsterdam.

All 9,063 holdings, with the part that comes through each ETF, are in the CSV of the page (Download all 9,063 as CSV).

## Which pairs hold the same companies?

| Pair | Overlap by weight | How much of each is in the other | Holdings in both |
| --- | ---: | --- | ---: |
| VOO / QQQ | 54.0% | 54.1% of VOO is in QQQ · 92.9% of QQQ is in VOO | 86 |
| QQQ / VXUS | 0.6% | 1.5% of QQQ is in VXUS · 0.6% of VXUS is in QQQ | 4 |
| VOO / VXUS | 0.0% | 0.0% of VOO is in VXUS · 0.0% of VXUS is in VOO | 0 |

Issuer files of 2026-08-31 (VOO, VXUS) and 2026-10-13 (QQQ).

## Where does the risk come from?

| Measure | Value |
| --- | --- |
| Portfolio volatility | 14.5%, annualised, 156 weekly returns |
| Independent bets | 1.1 out of 3 ETFs held |
| Effective holdings | 2.3, by capital, not by count |
| Diversification ratio | 1.05, 1.00 means one single bet |

| ETF | Share of capital | Share of risk | Gap | Its own volatility |
| --- | ---: | ---: | ---: | ---: |
| VOO | 60% | 57.8% | -2.2 | 14.1% |
| QQQ | 20% | 25.6% | +5.6 | 19.4% |
| VXUS | 20% | 16.5% | -3.5 | 14.4% |
| Portfolio | 100% | 100% |  | 14.5% |

Share of risk is each ETF's part of the portfolio's variance, so the column adds up to 100%; the gap is the share of risk less the share of capital, in points. Weekly returns from 2023-10-27 to 2026-10-13.

## How closely did the ETFs move together?

### Correlation, 156 weekly returns

| ETF | VOO | QQQ | VXUS |
| --- | ---: | ---: | ---: |
| VOO | 1.00 | 0.95 | 0.76 |
| QQQ | 0.95 | 1.00 | 0.71 |
| VXUS | 0.76 | 0.71 | 1.00 |

### Covariance, annualised, in percent squared

| ETF | VOO | QQQ | VXUS |
| --- | ---: | ---: | ---: |
| VOO | 200 | 259 | 156 |
| QQQ | 259 | 375 | 197 |
| VXUS | 156 | 197 | 207 |

Divide a covariance by the two volatilities and you get the correlation beside it.

## What did $100 in these ETFs become?

$100 split across VOO, QQQ and VXUS at 60%, 20% and 20%, brought back to those weights every week, became $194 over 156 weeks, from 2023-10-20 to 2026-10-13. Its largest fall from a peak was 16.0%, from 2025-02-14 to 2025-04-04. VOO alone became $192, QQQ alone became $214 and VXUS alone became $179. Weekly closing prices, dividends reinvested.

## What do the ETFs cost?

These 3 ETFs cost 0.064% a year at these weights: $6.40 a year for every $10,000 invested. QQQ is 20% of the money and 56.3% of the fees.

| ETF | Expense ratio | SEC filing | Share of capital | A year on $10,000 | Share of fees |
| --- | ---: | --- | ---: | ---: | ---: |
| VOO | 0.03% | 2026-04-28 | 60% | $1.80 | 28.1% |
| QQQ | 0.18% | 2025-12-19 | 20% | $3.60 | 56.3% |
| VXUS | 0.05% | 2026-02-27 | 20% | $1.00 | 15.6% |
| Portfolio | 0.064% |  | 100% | $6.40 | 100% |

## Which sectors and countries?

| Sector | Share of the portfolio |
| --- | ---: |
| Technology | 37.5% |
| Financials | 10.9% |
| Communication services | 9.3% |
| Consumer discretionary | 8.8% |
| Industrials | 7.7% |
| Health care | 7.4% |
| Consumer staples | 4.6% |
| Energy | 2.8% |
| Materials | 2.6% |
| Utilities | 1.8% |
| Real estate | 1.5% |
| No sector found | 5.0% |

| Country | Share of the portfolio |
| --- | ---: |
| United States | 79.3% |
| Japan | 3.1% |
| Canada | 1.8% |
| Taiwan | 1.7% |
| United Kingdom | 1.7% |
| China | 1.3% |
| Other countries | 10.8% |

The same figures as the ETFs you hold in Diversify and the API's diversify answer.

## Which ETFs would diversify this portfolio?

Diversify measures how the weekly returns of the 30 large US ETFs of its list moved with this portfolio, and shows first, in each group, the ETF that moved least with it: https://tickerinside.com/diversify/?have=VOO:60,QQQ:20,VXUS:20. It also measures any ETF you name against this portfolio: https://tickerinside.com/diversify/#have=VOO:60,QQQ:20,VXUS:20.

## Answers you can quote

**Which company is the largest in a portfolio of VOO 60%, QQQ 20% and VXUS 20%?**
Nvidia (NVDA), at 6.52% of the portfolio, then Apple (AAPL) at 5.73% and Microsoft (MSFT) at 4.64%. The 10 largest together are 31.8%, of 9,063 holdings. Issuer files of 2026-08-31 (VOO, VXUS) and 2026-10-13 (QQQ). https://tickerinside.com/xray/?p=VOO:60,QQQ:20,VXUS:20

**How much Nvidia does a portfolio of VOO 60%, QQQ 20% and VXUS 20% hold?**
6.52% of the portfolio in Nvidia (NVDA): 4.86% through VOO and 1.66% through QQQ; VXUS holds none. Issuer files of 2026-08-31 (VOO) and 2026-10-13 (QQQ). https://tickerinside.com/xray/?p=VOO:60,QQQ:20,VXUS:20

**How much do VOO and QQQ overlap by weight, in a portfolio of VOO 60%, QQQ 20% and VXUS 20%?**
54.0%. 86 holdings are in both; they make up 54.1% of VOO's weight and 92.9% of QQQ's. Issuer files of 2026-08-31 (VOO) and 2026-10-13 (QQQ). https://tickerinside.com/xray/?p=VOO:60,QQQ:20,VXUS:20

**How much of a portfolio of VOO 60%, QQQ 20% and VXUS 20% is in mega-cap tech?**
30.0%, in Apple (AAPL), Microsoft (MSFT), Nvidia (NVDA), Alphabet (GOOGL, GOOG), Amazon (AMZN), Meta Platforms (META), Broadcom (AVGO) and Tesla (TSLA), through VOO and QQQ. Issuer files of 2026-08-31 (VOO) and 2026-10-13 (QQQ). https://tickerinside.com/xray/?p=VOO:60,QQQ:20,VXUS:20

**How much of a portfolio of VOO 60%, QQQ 20% and VXUS 20% is in the United States?**
79.3%, then Japan 3.1%, Canada 1.8%, Taiwan 1.7% and the United Kingdom 1.7%. Issuer files of 2026-08-31 (VOO, VXUS) and 2026-10-13 (QQQ). https://tickerinside.com/xray/?p=VOO:60,QQQ:20,VXUS:20

**What do the ETFs of a portfolio of VOO 60%, QQQ 20% and VXUS 20% cost?**
These 3 ETFs cost 0.064% a year at these weights: $6.40 a year for every $10,000 invested. QQQ is 20% of the money and 56.3% of the fees. Each ETF's expense ratio as its fund file gives it. https://tickerinside.com/xray/?p=VOO:60,QQQ:20,VXUS:20

**Where does the risk of a portfolio of VOO 60%, QQQ 20% and VXUS 20% come from?**
QQQ is 20% of the capital and 25.6% of the risk. The portfolio's volatility is 14.5% a year, from 156 weekly returns to 2026-10-13. https://tickerinside.com/xray/?p=VOO:60,QQQ:20,VXUS:20

**How closely did the ETFs of a portfolio of VOO 60%, QQQ 20% and VXUS 20% move together?**
Correlation of weekly returns over 156 weeks to 2026-10-13: VOO and QQQ 0.95, VOO and VXUS 0.76 and QQQ and VXUS 0.71. https://tickerinside.com/xray/?p=VOO:60,QQQ:20,VXUS:20

**What did $100 in a portfolio of VOO 60%, QQQ 20% and VXUS 20% become over 156 weeks?**
$194, from 2023-10-20 to 2026-10-13, held at those weights and brought back to them every week, dividends reinvested. Its largest fall from a peak was 16.0%, from 2025-02-14 to 2025-04-04. VOO alone became $192, QQQ alone became $214 and VXUS alone became $179. Weekly closing prices. https://tickerinside.com/xray/?p=VOO:60,QQQ:20,VXUS:20

## Sources and citation

Issuer files of 2026-08-31 (VOO, VXUS) and 2026-10-13 (QQQ). ETF pages: VOO https://tickerinside.com/etf/voo/, QQQ https://tickerinside.com/etf/qqq/, VXUS https://tickerinside.com/etf/vxus/.

Cite as: TickerInside, ETF portfolio x-ray of VOO 60%, QQQ 20% and VXUS 20%, issuer files of 2026-08-31 and 2026-10-13, https://tickerinside.com/xray/?p=VOO:60,QQQ:20,VXUS:20, CC BY 4.0.

This result: https://tickerinside.com/xray/?p=VOO:60,QQQ:20,VXUS:20
Markdown: https://tickerinside.com/xray/index.md?p=VOO:60,QQQ:20,VXUS:20
JSON: https://tickerinside.com/api/v1/lookthrough?portfolio=VOO:60,QQQ:20,VXUS:20
How the figures are produced: https://tickerinside.com/xray/#method and https://tickerinside.com/how-the-numbers-are-produced/

Source: https://tickerinside.com/xray/ , CC BY 4.0. Measurements, not investment advice.