VTI vs QQQ: ETF Overlap

Vanguard Morningstar Total Stock Market ETF vs Invesco QQQ Trust — shared top holdings, sector duplication, and what makes each fund different.

Data as of October 20, 2026

High overlap

VTI and QQQ share 9 of their 10 biggest holdings

Shared top holdings

NVIDIA: 6.9% of VTI, 8.3% of QQQ
Apple: 6.3% of VTI, 7.4% of QQQ
Microsoft: 5.1% of VTI, 5.8% of QQQ
Amazon: 3.4% of VTI, 4.1% of QQQ
Alphabet A: 2.7% of VTI, 3.1% of QQQ
Alphabet C: 2.1% of VTI, 2.8% of QQQ
Meta: 1.7% of VTI, 3.3% of QQQ
Micron: 1.5% of VTI, 5% of QQQ
Tesla: 1.4% of VTI, 2.8% of QQQ

Only in VTI's top 10: Broadcom 2.4%
Only in QQQ's top 10: Advanced Micro Devices 4.2%

Yearly fee on $10,000

VTI: $3 a year, expense ratio 0.03%
QQQ: $18 a year, expense ratio 0.18%

Where they differ

Tech
Financials
Communication
Consumer
Health
Other

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What's different between VTI and QQQ?

The largest VTI positions missing from QQQ's disclosed top holdings are AVGO. In the other direction, QQQ's largest positions not in VTI's top list are AMD. Disclosed lists cover 33.5% of VTI and 46.7% of QQQ; the sector table below compares the funds on complete data.

What does this overlap mean?

70.1% sector overlap is high. The funds share most of their market exposure; the second fund adds a tilt rather than real diversification. Make sure the tilt (dividends, tech, size) is one you actually want twice.

Sector breakdown: VTI vs QQQ

Sector	VTI	QQQ	Overlap
Technology	36.4%	60.3%	36.4%
Communication Services	8.8%	12.6%	8.8%
Financial Services	12.4%	0.2%	0.2%
Consumer Discretionary	9.2%	10.1%	9.2%
Health Care	10.1%	3.8%	3.8%
Industrials	9.1%	5.1%	5.1%
Consumer Staples	4.3%	5.6%	4.3%
Energy	3.7%	0.5%	0.5%
Real Estate	2.3%	0%	0%
Utilities	2%	1%	1%
Materials	1.9%	0.9%	0.9%

How we calculate it

Holdings overlap sums min(weight in fund A, weight in fund B) across positions that appear in both funds' disclosed top-holdings lists — public data discloses only each fund's largest positions, so this number is a lower bound on true full-portfolio overlap. Sector overlap applies the same min() logic to the funds' complete sector allocations, which cover ~100% of each fund, making it the more complete signal of duplication.

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Data & methodology disclaimer

This tool is for education, not investment advice. Holdings and sector data come from public market-data feeds, reflect each fund's most recently disclosed top positions, and can lag the fund's actual portfolio. Overlap computed from disclosed top holdings is a lower bound. Always verify against the fund provider's official holdings file before making decisions.

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