ETF Overlap VOO QQQ

VOO & QQQ Overlap Analysis: Should You Own Both ETFs? Holding Weight Breakdown

Last Updated: Nov 13, 2026

Discover the exact portfolio overlap between Vanguard S&P 500 ETF (VOO) and Invesco QQQ (QQQ), including combined mega-cap tech concentration.

🔍 VOO vs QQQ Portfolio Allocation Ratio

Analyze portfolio overlap percentage and top big-tech weight concentrations between two ETFs.

VOO : QQQ 50% : 50%

Weighted Overlap

40.3%

Balanced Mix 13 shared

Top 5 Concentration

28.9%

#1 Apple Inc. (7.9%)

Top Combined Sector

Technology 47.9%

Sector Overlap 77.2%

3Y Return Correlation

0.94

r ∈ [-1.0, +1.0]

⚖️ Balanced Core & Satellite Fit: With 40.3% overlap, these ETFs share core market leaders while adding distinct sector tilts. Test 70/30 or 30/70 presets above to fine-tune concentration.

📊 Top 10 Combined Holdings Weight

VOO QQQ

🧭 Combined GICS Sector Exposure

VOO QQQ

📈 Cumulative Return by Allocation Ratio (Monthly Rebalanced)

Start Date: 2010-10 ~ 2026-11

50:50 Mix VOO QQQ

⏳ Performance by Horizon (1Y · 3Y · 5Y · 10Y · MAX)

Horizon (Start)	Mix Return	Mix CAGR	Mix MDD	VOO (100%)	QQQ (100%)
1Y (2025-12 ~)	+12.0%	+12.0%	-5.4%	+12.0%	+11.7%
3Y (2023-12 ~)	+75.8%	+20.7%	-17.3%	+71.4%	+79.5%
5Y (2021-12 ~)	+83.1%	+12.9%	-28.3%	+79.1%	+85.1%
10Y (2016-12 ~)	+412.9%	+17.8%	-28.3%	+306.2%	+536.5%
MAX (2010-10 ~)	+1103.8%	+16.6%	-28.3%	+779.9%	+1509.4%

🔍 Shared Holdings Detailed Breakdown

Holding	VOO	QQQ	Overlap	Combined
AAPLApple Inc.	7.38%	8.44%	7.38%	7.91%
NVDANVIDIA Corporation	8.39%	6.76%	6.76%	7.58%
MSFTMicrosoft Corporation	5.78%	6.57%	5.78%	6.18%
AMZNAmazon.com, Inc.	3.71%	4.85%	3.71%	4.28%
GOOGLAlphabet Inc.	3.07%	2.8%	2.8%	2.93%
METAMeta Platforms, Inc.	2.43%	3.17%	2.43%	2.8%
MUMicron Technology, Inc.	1.83%	3.75%	1.83%	2.79%
AMDAdvanced Micro Devices, Inc.	1.52%	3.85%	1.52%	2.69%
AVGOBroadcom Inc.	2.54%	2.62%	2.54%	2.58%
GOOGAlphabet Inc.	2.45%	2.61%	2.45%	2.53%
TSLATesla, Inc.	1.52%	3.31%	1.52%	2.42%
WMTWalmart Inc.	0.7%	2.8%	0.7%	1.75%
INTCIntel Corporation	0.91%	1.4%	0.91%	1.16%

🧩 Unique Top Holdings by ETF

VOO Unique Holdings	VOO
BRK.BBerkshire Hathaway Inc.	1.41%
LLYEli Lilly and Company	1.41%
JPMJPMorgan Chase & Co.	1.34%
XOMExxonMobil Holdings Corporation	1.02%
JNJJohnson & Johnson	0.97%
VVisa Inc.	0.91%
ABBVAbbVie Inc.	0.7%

QQQ Unique Holdings	QQQ
SPCXSpace Exploration Technologies Corp.	2.81%
COSTCostco Wholesale Corporation	2.17%
PLTRPalantir Technologies Inc.	1.78%
CSCOCisco Systems, Inc.	1.77%
AMATApplied Materials, Inc.	1.35%
LRCXLam Research Corporation	1.28%
TXNTexas Instruments Incorporated	1.26%

💡 Key Analysis Summary

VOO: Tracks the S&P 500 Index representing 500 of the largest U.S. companies with an ultra-low 0.03% expense ratio, serving as a core foundation for long-term wealth building.

QQQ: Tracks the Nasdaq-100 Index of the 100 largest non-financial companies listed on the Nasdaq, offering concentrated exposure to global AI and technology leaders.

❓ Frequently Asked Questions (FAQ)

Q. How much do VOO and QQQ overlap?

Across top 20 core holdings, the weighted portfolio overlap is 40.3%, with 13 shared top holdings.

Q. What is the top single-stock concentration in a 50/50 mix of VOO and QQQ?

At a 50/50 split, the largest combined holding is Apple Inc. (7.9%), and the top 5 holdings account for 28.9% of the combined weight.

Q. What is the dominant sector and 3-year return correlation between VOO and QQQ?

The largest combined sector is Technology (47.9%), and the 3-year weekly return correlation is 0.94.

Q. Should you own both VOO and QQQ?

This pairing offers a balanced blend of shared core exposure and complementary holdings. Use the allocation slider above to test 70/30, 50/50, or 30/70 mixes.