QQQM vs SPY: Complete Comparison
Invesco NASDAQ 100 ETF vs SPDR S&P 500 ETF Trust โ overlap, correlation, performance & risk analysis
Visual Overlap
๐Performance Comparison
โ๏ธHead-to-Head Comparison
๐ SPY wins this comparison
Key Factors
โถAdditional Metrics (3)
Bottom line: SPY wins with better expense ratio and number of holdings. Consider SPY for your portfolio, but QQQM is still a solid choice if you prefer its specific advantages.
Detailed Overlap Analysis
10 shared holdings representing 38.3% portfolio overlap
Top Shared Holdings
| # | Stock | QQQM Weight | SPY Weight | Overlap |
|---|---|---|---|---|
| 1 | NVDA NVIDIA Corp | 7.45% | 7.73% | 7.45% |
| 2 | AAPL Apple Inc | 8.85% | 6.82% | 6.82% |
| 3 | MSFT Microsoft Corp | 7.92% | 6.11% | 6.11% |
| 4 | AMZN Amazon.com Inc | 5.38% | 3.81% | 3.81% |
| 5 | GOOGL Alphabet Inc Class A | 2.85% | 3.08% | 2.85% |
| 6 | AVGO Broadcom Inc | 3.55% | 2.79% | 2.79% |
| 7 | META Meta Platforms Inc | 3.82% | 2.45% | 2.45% |
| 8 | GOOG Alphabet Inc Class C | 2.45% | 2.47% | 2.45% |
| 9 | TSLA Tesla Inc | 2.38% | 2.30% | 2.30% |
| 10 | COST Costco Wholesale Corp | 2.28% | 0.65% | 0.65% |
Overlap by Sector
Showing top 5 sectors by overlap contribution
Top Holdings Only in SPY
Unique to SPY
| Symbol | Name | Weight |
|---|---|---|
| BRK-B | BRK-B | 1.55% |
| JPM | JPM | 1.51% |
| LLY | LLY | 1.44% |
| V | V | 1.01% |
| XOM | XOM | 0.85% |
Price Correlation
How We Calculate Overlap
We use the minimum weight method with normalization to calculate portfolio overlap:
Overlap = ฮฃ min(weightA, weightB) for each shared holdingNormalization: Holdings weights are normalized to sum to 100% before comparison. This ensures accurate overlap calculations even when analyzing partial holdings data (e.g., top 50 positions).
Conservative approach: We consider only the smaller allocation for each shared position, giving you a realistic view of true portfolio overlap.
๐ This analysis is based on publicly available holdings data. For the most current and complete holdings information, please visit the official ETF provider websites.