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 August 25, 2026

Overlap results: VTI vs QQQ

Sector overlap
68.7%

How much of the two funds' sector allocations coincide — computed on full sector data, so this is the headline number.

Top-holdings overlap
30.6%

Weight the funds' disclosed top holdings have in common. Public data discloses only each fund's largest positions (33.2% of VTI, 46.3% of QQQ), so full-portfolio overlap is at least this much.

Shared top holdings
8

8 positions appear in both funds' disclosed top-holdings lists.

What does this overlap mean?

68.7% 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.

Shared top holdings

TickerCompanyWeight in VTIWeight in QQQOverlap
NVDANVIDIA Corp6.4%8%6.4%
AAPLApple Inc6.3%7.5%6.3%
MSFTMicrosoft Corp4.8%5.7%4.8%
AMZNAmazon.com Inc3.6%4.8%3.6%
GOOGLAlphabet Inc Class A2.9%3.4%2.9%
AVGOBroadcom Inc2.6%3.1%2.6%
GOOGAlphabet Inc Class C2.3%3.2%2.3%
METAMeta Platforms Inc Class A1.7%2.7%1.7%

Top VTI holdings not in QQQ

  • LLY · Eli Lilly and Co1.3%
  • JPM · JPMorgan Chase & Co1.3%

Top QQQ holdings not in VTI

  • MU · Micron Technology Inc4.2%
  • AMD · Advanced Micro Devices Inc3.5%

Sector breakdown: VTI vs QQQ

SectorVTIQQQOverlap
Technology35.1%58%35.1%
Communication Services9.2%13.6%9.2%
Financial Services12.6%0.2%0.2%
Consumer Discretionary9.5%11.2%9.5%
Health Care9.9%3.8%3.8%
Industrials9.6%3.9%3.9%
Consumer Staples4.4%6.7%4.4%
Energy3.5%0.5%0.5%
Real Estate2.4%0%0%
Utilities2.1%1.2%1.2%
Materials1.8%1%1%

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.

What's different between VTI and QQQ?

The largest VTI positions missing from QQQ's disclosed top holdings are LLY, JPM. In the other direction, QQQ's largest positions not in VTI's top list are MU, AMD. Disclosed lists cover 33.2% of VTI and 46.3% of QQQ; the sector table below compares the funds on complete data.

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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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