ETF and Mutual Fund Analysis

Holdings as of May 31, 2026 (QQQM) and August 12, 2026 (SPY)

ETF and Mutual Fund Analysis

Overlap, Comparison, and Diversification for Your Portfolio

Home > Compare > QQQM vs SPY Holdings as of May 31, 2026 (QQQM) and August 12, 2026 (SPY)

QQQM vs SPY: Portfolio Overlap

Invesco NASDAQ 100 ETF vs SPDR® S&P 500® ETF Trust

53.6%
Weighted portfolio overlap
High Overlap

The two funds are running highly redundant strategies — the same market exposure is paid for through two expense ratios.

QQQM
101 equity holdings
as of May 31, 2026
SPY
505 equity holdings
as of August 12, 2026
87 stocks held in common
Overlap View Venn Diagram
53.6% OVERLAP QQQM SPY
Overlapping Holdings
10 Top 10 of 87 shared, by overlap contribution
# Stock QQQM SPY Overlap%
1
NVDA
 8.16% 8.14% 8.14%
2
AAPL
 7.29% 6.66% 6.66%
3
MSFT
 5.32% 5.49% 5.32%
4
AMZN
 4.62% 3.92% 3.92%
5
GOOGL
 3.52% 3.02% 3.02%
6
AVGO
 3.37% 2.95% 2.95%
7
GOOG
 3.26% 2.43% 2.43%
8
META
 2.97% 1.91% 1.91%
9
MU
 4.80% 1.54% 1.54%
10
TSLA
 3.46% 1.38% 1.38%
Most Divergent Holdings Stocks held by one fund but absent from the other
Only in QQQM — Invesco NASDAQ 100 ETF
StockWeight
HON0.66%
SHOP0.64%
ASML0.62%
MELI0.38%
PDD0.25%
Only in SPY — SPDR® S&P 500® ETF Trust
StockWeight
JPM1.47%
LLY1.45%
BRK.B1.40%
XOM0.99%
JNJ0.94%

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Frequently Asked Questions (FAQs)
What is the portfolio overlap between QQQM and SPY?

QQQM (Invesco NASDAQ 100 ETF) and SPY (SPDR® S&P 500® ETF Trust) share 53.6% portfolio overlap as of QQQM's May 31, 2026 filing and SPY's August 12, 2026 filing, across 87 common stocks. Overlap is the sum of the smaller weight of each shared stock, so it reads as the share of a dollar that lands on the same companies in both funds.

Do QQQM and SPY invest in the same stocks?

Largely yes. A substantial portion of both portfolios consists of the same stocks, leaving limited room for differentiation.

What are the top stocks held by both QQQM and SPY?

The most prominent shared holdings (by combined weight) are: NVDA, AAPL, MSFT. See the full common-holdings table on this page for weights in each fund.

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