TQQQ vs SPY Overlap AnalysisOverlap
Comparing ProShares UltraPro QQQ and SPDR S&P 500 ETF Trust
Visual Overlap
Price Performance
Historical price comparison over 3M
๐Performance Comparison
โ ๏ธRisk Metrics
Interpretation:
- ๐ Lower volatility = smoother ride
- โก Higher Sharpe/Sortino = better risk-adjusted returns
- โ ๏ธ Smaller max drawdown = less worst-case pain
- ๐ Beta > 1 = more volatile than S&P 500
โ๏ธHead-to-Head Comparison
๐ SPY wins this comparison
Key Factors
โถAdditional Metrics (5)
Bottom line: SPY wins with better expense ratio and number of holdings. Consider SPY for your portfolio, but TQQQ is still a solid choice if you prefer its specific advantages.
Detailed Overlap Analysis
79 shared holdings representing 51.7% portfolio overlap
Top Shared Holdings
| # | Stock | TQQQ Weight | SPY Weight | Overlap |
|---|---|---|---|---|
| 1 | NVDA NVDA | 5.63% | 7.73% | 5.63% |
| 2 | AAPL AAPL | 5.05% | 6.82% | 5.05% |
| 3 | MSFT MSFT | 4.54% | 6.11% | 4.54% |
| 4 | AMZN AMZN | 3.08% | 3.81% | 3.08% |
| 5 | META META | 2.45% | 2.45% | 2.45% |
| 6 | TSLA TSLA | 2.72% | 2.30% | 2.30% |
| 7 | GOOGL GOOGL | 2.28% | 3.08% | 2.28% |
| 8 | GOOG GOOG | 2.12% | 2.47% | 2.12% |
| 9 | AVGO AVGO | 2.03% | 2.79% | 2.03% |
| 10 | PLTR PLTR | 1.54% | 0.75% | 0.75% |
Overlap by Sector
Showing top 5 sectors by overlap contribution
Top Holdings Only in TQQQ
Unique to TQQQ
| Symbol | Name | Weight |
|---|---|---|
| SHOP | SHOP | 0.72% |
| MELI | MELI | 0.35% |
| DASH | DASH | 0.33% |
| ASML | ASML | 0.32% |
| PDD | PDD | 0.26% |
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.