Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
QQQ vs XLC: how they differ
QQQ and XLC hold 13% of their weight in the same names, and QQQ returned more over the year.
Invesco QQQ Trust and State Street(R) Communication Services Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, QQQ and XLC hold 13% of their money in the same securities at the same weight.
| Holding | QQQ | XLC |
|---|---|---|
| Alphabet Inc | 3.12% | 10.12% |
| Meta Platforms Inc | 3.07% | 18.92% |
| Alphabet Inc | 2.90% | 8.10% |
| Netflix Inc | 1.42% | 4.57% |
| T-Mobile US Inc | 0.85% | 4.52% |
| AppLovin Corp | 0.43% | 1.34% |
| Comcast Corp | 0.40% | 4.61% |
| Warner Bros Discovery Inc | 0.31% | 4.61% |
| Take-Two Interactive Software Inc | 0.18% | 3.89% |
| Only in QQQ | Only in XLC |
|---|---|
| NVIDIA Corp 8.52% | AT+T INC 5.19% |
| Apple Inc 7.72% | VERIZON COMMUNICATIONS INC 5.03% |
| Microsoft Corp 5.89% | WALT DISNEY CO/THE 4.76% |
| Micron Technology Inc 4.90% | LIVE NATION ENTERTAINMENT IN 4.13% |
| Amazon.com Inc 4.36% | OMNICOM GROUP 4.13% |
| Advanced Micro Devices Inc 3.65% | CHARTER COMMUNICATIONS INC A 2.93% |
| Tesla Inc 2.92% | FOX CORP CLASS A 2.37% |
| Broadcom Inc 2.75% | ECHOSTAR CORP A 2.28% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 10, 2026.
| QQQ Invesco QQQ Trust | XLC State Street(R) Communication Services Select Sector SPDR(R) ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Invesco | State Street |
| What it is | Nasdaq-100 | Communication services |
| Total return, 1 year | +23.0% | −2.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +5.5 pts | −19.5 pts |
| Expense ratio | 0.18% | 0.08% |
| Already in the S&P 500 | 96.7% | 100.0% |
| Holdings | 105 | 26 |
QQQ in plain words
QQQ is an index equity fund tracking the Nasdaq-100. Over the year to Sep 11, 2026 it returned +23.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.18% a year. By its holdings filed for Sep 10, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 105 positions, with the top ten at 47.0%. It sat 4.1% below its high of Jun 2, 2026 on Sep 11, 2026.
XLC in plain words
XLC is an index equity fund tracking the Communication services. Over the year to Sep 11, 2026 it returned −2.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.08% a year. By its holdings filed for Sep 10, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 26 positions, with the top ten at 70.4%. It sat 5.7% below its high of Jan 30, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, QQQ or XLC?
- In the year to Sep 13, 2026, with distributions reinvested, QQQ returned +23.0% and XLC returned −2.0%, so QQQ returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, QQQ or XLC?
- QQQ charges 0.18% a year and XLC charges 0.08%, so XLC is cheaper. Fees come from each fund's prospectus.
- How much do QQQ and XLC overlap with the S&P 500?
- By their latest filed holdings, 97% of QQQ and 100% of XLC by weight is stocks the S&P 500 already holds. Between the two funds, 13% of their books are the same securities at the same weight.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, QQQ against XLC, data as of Sep 13, 2026. https://etfiq.com/compare/any/qqq-vs-xlc Free to use with attribution; the underlying files are at Open data.
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