Both funds come from Invesco. QQQM is an equity ETF, while RSP is an equal-weight U.S. equity ETF. QQQM and RSP show limited overlap, with an estimated weighted overlap of 17.59%. They share 89 holdings in the loaded dataset, led by INTC, STX, and AMD.
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Both funds come from Invesco. QQQM is an equity ETF, while RSP is an equal-weight U.S. equity ETF. QQQM and RSP show limited overlap, with an estimated weighted overlap of 17.59%. They share 89 holdings in the loaded dataset, led by INTC, STX, and AMD.
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Both funds come from Invesco. QQQM is an equity ETF, while RSP is an equal-weight U.S. equity ETF. QQQM and RSP do not own much of the same portfolio weight. That usually means you are combining different parts of the market, with only a small amount of duplication through names like INTC, STX, and AMD.
Both funds come from Invesco. QQQM is an equity ETF, while RSP is an equal-weight U.S. equity ETF. RSP is the broader fund, while QQQM is the more targeted sleeve. QQQM has the lower expense ratio, while RSP charges more for its exposure.
The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 5.95% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.
If you want the broader portfolio building block, RSP is usually the wider choice. If you want the more focused tilt, QQQM is the narrower expression. QQQM has the lower expense ratio, while RSP charges more for its exposure.
Concentration
The top three shared holdings explain 5.95% 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.
These are the holdings contributing the most to the overlap score between QQQM and RSP.
| Holding | Name | QQQM Wt. | RSP Wt. | Overlap |
|---|---|---|---|---|
| INTC | Intel Corp. | 2.51% | 0.38% | 0.38% |
| STX | Seagate Technology Holdings PLC | 0.84% | 0.34% | 0.34% |
| AMD | Advanced Micro Devices, Inc. | 3.68% | 0.33% | 0.33% |
| SNDK | Sandisk Corp. | 1.09% | 0.32% | 0.32% |
| WDC | Western Digital Corp. | 0.79% | 0.31% | 0.31% |
| MPWR | Monolithic Power Systems, Inc. | 0.34% | 0.29% | 0.29% |
| NXPI | NXP Semiconductors N.V. | 0.36% | 0.28% | 0.28% |
| TXN | Texas Instruments Inc. | 1.21% | 0.27% | 0.27% |
| LITE | Lumentum Holdings Inc. | 0.27% | 0.26% | 0.26% |
| QCOM | QUALCOMM Inc. | 1.17% | 0.26% | 0.26% |
Both funds come from Invesco. QQQM is an equity ETF, while RSP is an equal-weight U.S. equity ETF. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are INTC, STX, and AMD, which appear in both portfolios and push the overlap score higher.
Holding both QQQM and RSP can make sense if you want exposure to different sleeves of the market. The overlap is small enough that both funds may still improve diversification.
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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.