QQQM vs SOXX Overlap
QQQM is an equity ETF from Invesco, while SOXX is a semiconductor-focused equity ETF from IShares. QQQM and SOXX show meaningful overlap, with an estimated weighted overlap of 24.04%. They share 16 holdings in the loaded dataset, led by NVDA, AVGO, and MU.
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Quick Answer
QQQM is an equity ETF from Invesco, while SOXX is a semiconductor-focused equity ETF from IShares. QQQM and SOXX show meaningful overlap, with an estimated weighted overlap of 24.04%. They share 16 holdings in the loaded dataset, led by NVDA, AVGO, and MU.
- 24.04% weighted overlap across 16 shared holdings.
- The top three shared holdings explain 53.54% of the measured overlap.
- QQQM is the broader fund, while SOXX is more targeted.
- 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
- QQQM holdings
- Mar 12, 2026
- SOXX holdings
- Mar 12, 2026
- Overlap computed
- Mar 15, 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
QQQM is an equity ETF from Invesco, while SOXX is a semiconductor-focused equity ETF from IShares. QQQM and SOXX overlap enough to matter, but they still bring different exposures to a portfolio. The overlap is concentrated in holdings such as NVDA, AVGO, and MU, which explains why the score lands at 24.04%.
How They Differ
QQQM is an equity ETF from Invesco, while SOXX is a semiconductor-focused equity ETF from IShares. QQQM is the broader fund, while SOXX is the more targeted sleeve. QQQM has the lower expense ratio, while SOXX 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 53.54% 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
If you want the broader portfolio building block, QQQM is usually the wider choice. If you want the more focused tilt, SOXX is the narrower expression. QQQM has the lower expense ratio, while SOXX charges more for its exposure.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 53.54% 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 QQQM and SOXX.
| Holding | Name | QQQM Wt. | SOXX Wt. | Overlap |
|---|---|---|---|---|
| NVDA | NVIDIA Corp | 8.75% | 7.28% | 7.28% |
| AVGO | Broadcom Inc | 3.15% | 5.92% | 3.15% |
| MU | Micron Technology Inc | 2.44% | 8.75% | 2.44% |
| AMD | Advanced Micro Devices Inc | 1.78% | 6.51% | 1.78% |
| AMAT | Applied Materials Inc | 1.48% | 7.04% | 1.48% |
| LRCX | Lam Research Corp | 1.46% | 4.81% | 1.46% |
| INTC | Intel Corp | 1.20% | 4.02% | 1.20% |
| KLAC | KLA Corp | 1.03% | 4.31% | 1.03% |
| TXN | Texas Instruments Inc | 0.96% | 4.09% | 0.96% |
| ADI | Analog Devices Inc | 0.84% | 4.19% | 0.84% |
Why These ETFs Overlap
QQQM is an equity ETF from Invesco, while SOXX is a semiconductor-focused equity ETF from IShares. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are NVDA, AVGO, and MU, which appear in both portfolios and push the overlap score higher.
Holding both QQQM and SOXX 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 QQQM and SOXX
What is the overlap between QQQM and SOXX?+
How many holdings do QQQM and SOXX share?+
Is the QQQM and SOXX overlap high?+
Why do QQQM and SOXX overlap?+
Which ETF is broader, QQQM or SOXX?+
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.