QQQM vs XLC Overlap
QQQM is an equity ETF from Invesco, while XLC is a communication services ETF from SPDR. QQQM and XLC show limited overlap, with an estimated weighted overlap of 15.6%. They share 10 holdings in the loaded dataset, led by META, GOOGL, and GOOG.
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Quick Answer
QQQM is an equity ETF from Invesco, while XLC is a communication services ETF from SPDR. QQQM and XLC show limited overlap, with an estimated weighted overlap of 15.6%. They share 10 holdings in the loaded dataset, led by META, GOOGL, and GOOG.
- 15.6% weighted overlap across 10 shared holdings.
- The top three shared holdings explain 67.06% of the measured overlap.
- QQQM is the broader fund, while XLC is more targeted.
- The overlap is mostly explained by the top shared positions rather than sector labels alone.
- Holding both can still add materially different exposure.
Data Freshness
- QQQM holdings
- Mar 12, 2026
- XLC 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 XLC is a communication services ETF from SPDR. QQQM and XLC 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 META, GOOGL, and GOOG.
How They Differ
QQQM is an equity ETF from Invesco, while XLC is a communication services ETF from SPDR. QQQM is the broader fund, while XLC is the more targeted sleeve. XLC has the lower expense ratio, while QQQM 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 67.06% 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, XLC is the narrower expression. XLC has the lower expense ratio, while QQQM charges more for its exposure.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 67.06% 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 XLC.
| Holding | Name | QQQM Wt. | XLC Wt. | Overlap |
|---|---|---|---|---|
| META | Meta Platforms Inc | 3.74% | 19.71% | 3.74% |
| GOOGL | Alphabet Inc | 3.48% | 10.51% | 3.48% |
| GOOG | Alphabet Inc | 3.23% | 8.39% | 3.23% |
| NFLX | Netflix Inc | 2.21% | 5.68% | 2.21% |
| TMUS | T-Mobile US Inc | 1.32% | 5.01% | 1.32% |
| CMCSA | Comcast Corp | 0.61% | 5.04% | 0.61% |
| WBD | Warner Bros Discovery Inc | 0.37% | 4.21% | 0.37% |
| EA | Electronic Arts Inc | 0.27% | 4.40% | 0.27% |
| TTWO | Take-Two Interactive Software Inc | 0.21% | 3.80% | 0.21% |
| CHTR | Charter Communications Inc | 0.15% | 2.50% | 0.15% |
Why These ETFs Overlap
QQQM is an equity ETF from Invesco, while XLC is a communication services ETF from SPDR. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are META, GOOGL, and GOOG, which appear in both portfolios and push the overlap score higher.
Holding both QQQM and XLC 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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Frequently Asked Questions About QQQM and XLC
What is the overlap between QQQM and XLC?+
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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.