MTUM vs QQQ Overlap
MTUM is an equity ETF from IShares, while QQQ is an equity ETF from Invesco. MTUM and QQQ show meaningful overlap, with an estimated weighted overlap of 33.42%. They share 27 holdings in the loaded dataset, led by NVDA, AVGO, and WMT.
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Quick Answer
MTUM is an equity ETF from IShares, while QQQ is an equity ETF from Invesco. MTUM and QQQ show meaningful overlap, with an estimated weighted overlap of 33.42%. They share 27 holdings in the loaded dataset, led by NVDA, AVGO, and WMT.
- 33.42% weighted overlap across 27 shared holdings.
- The top three shared holdings explain 33.07% of the measured overlap.
- MTUM and QQQ are closer in breadth than a broad-vs-niche ETF pair.
- The overlap is mostly explained by the top shared positions rather than sector labels alone.
- Holding both may add less diversification than the fund names imply.
Data Freshness
- MTUM holdings
- Mar 12, 2026
- QQQ holdings
- Mar 12, 2026
- Overlap computed
- Mar 13, 2026
- Data source
- Financial Modeling Prep
Review the methodology for the overlap formula and refresh policy.
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About These ETFs
What Stands Out In This Comparison
What This Means
MTUM is an equity ETF from IShares, while QQQ is an equity ETF from Invesco. MTUM and QQQ overlap enough to matter, but they still bring different exposures to a portfolio. The overlap is concentrated in holdings such as NVDA, AVGO, and WMT, which explains why the score lands at 33.42%.
How They Differ
MTUM is an equity ETF from IShares, while QQQ is an equity ETF from Invesco. Neither fund clearly dominates on breadth, so the practical difference is more about weighting, index construction, and cost. MTUM has the lower expense ratio, while QQQ charges more for its exposure.
What Drives The Overlap
The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 33.07% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.
When One May Fit Better
Because MTUM and QQQ are closer in breadth, the better fit usually comes down to index methodology, issuer preference, and cost. MTUM has the lower expense ratio, while QQQ charges more for its exposure.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 33.07% of the full overlap score.
That helps show whether the score comes from a handful of giant shared positions or from a broader mix of common holdings.
Shared Sector Tilt
Sector tags are not consistently available for the biggest shared positions in this dataset, so this comparison leans more on the specific holdings than on sector labels.
Top Shared Holdings
These are the holdings contributing the most to the overlap score between MTUM and QQQ.
| Holding | Name | MTUM Wt. | QQQ Wt. | Overlap |
|---|---|---|---|---|
| NVDA | NVIDIA CORP | 4.91% | 8.76% | 4.91% |
| AVGO | BROADCOM INC | 5.07% | 3.15% | 3.15% |
| WMT | WALMART INC | 2.99% | 3.29% | 2.99% |
| GOOGL | ALPHABET INC CLASS A | 2.69% | 3.48% | 2.69% |
| MU | MICRON TECHNOLOGY INC | 4.96% | 2.44% | 2.44% |
| GOOG | ALPHABET INC CLASS C | 2.19% | 3.24% | 2.19% |
| PLTR | PALANTIR TECHNOLOGIES INC CLASS A | 1.89% | 1.86% | 1.86% |
| AMD | ADVANCED MICRO DEVICES INC | 2.64% | 1.78% | 1.78% |
| AMAT | APPLIED MATERIAL INC | 2.36% | 1.48% | 1.48% |
| LRCX | LAM RESEARCH CORP | 3.45% | 1.46% | 1.46% |
Why These ETFs Overlap
MTUM is an equity ETF from IShares, while QQQ is an equity ETF from Invesco. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are NVDA, AVGO, and WMT, which appear in both portfolios and push the overlap score higher.
Holding both MTUM and QQQ can still be reasonable, but you should expect some duplication. The decision comes down to whether the non-overlapping parts of each ETF are important enough for your strategy.
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Frequently Asked Questions About MTUM and QQQ
What is the overlap between MTUM and QQQ?+
How many holdings do MTUM and QQQ share?+
Is the MTUM and QQQ overlap high?+
Why do MTUM and QQQ overlap?+
Which ETF is broader, MTUM or QQQ?+
How Overlap Is Calculated
A straightforward approach used by portfolio analysts.
For every stock that appears in both ETFs, we take the smaller of the two weights. Adding up all those minimums gives the total overlap percentage. A score of 100% means the two ETFs hold the exact same stocks in the same proportions.
Want the full explanation? Read the methodology page.