Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
QQQ vs XLF: how they differ
QQQ and XLF hold 0% of their weight in the same names, and QQQ returned more over the year.
Invesco QQQ Trust and State Street(R) Financial Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, QQQ and XLF hold 0% of their money in the same securities at the same weight.
| Holding | QQQ | XLF |
|---|---|---|
| PayPal Holdings Inc | 0.21% | 0.59% |
| Only in QQQ | Only in XLF |
|---|---|
| NVIDIA Corp 8.52% | JPMORGAN CHASE + CO 11.81% |
| Apple Inc 7.72% | BERKSHIRE HATHAWAY INC CL B 11.59% |
| Microsoft Corp 5.89% | VISA INC CLASS A SHARES 7.60% |
| Micron Technology Inc 4.90% | MASTERCARD INC A 5.69% |
| Amazon.com Inc 4.36% | BANK OF AMERICA CORP 5.09% |
| Advanced Micro Devices Inc 3.65% | GOLDMAN SACHS GROUP INC 3.75% |
| Alphabet Inc 3.12% | WELLS FARGO + CO 3.41% |
| Meta Platforms Inc 3.07% | MORGAN STANLEY 3.18% |
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 | XLF State Street(R) Financial Select Sector SPDR(R) ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Invesco | State Street |
| What it is | Nasdaq-100 | Financials |
| Total return, 1 year | +23.0% | +7.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +5.5 pts | −9.9 pts |
| Expense ratio | 0.18% | 0.08% |
| Already in the S&P 500 | 96.7% | 100.0% |
| Holdings | 105 | 79 |
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.
XLF in plain words
XLF is an index equity fund tracking the Financials. Over the year to Sep 11, 2026 it returned +7.6% 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 79 positions, with the top ten at 57.3%.
Questions people ask
- Which returned more over the last year, QQQ or XLF?
- In the year to Sep 13, 2026, with distributions reinvested, QQQ returned +23.0% and XLF returned +7.6%, so QQQ returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, QQQ or XLF?
- QQQ charges 0.18% a year and XLF charges 0.08%, so XLF is cheaper. Fees come from each fund's prospectus.
- How much do QQQ and XLF overlap with the S&P 500?
- By their latest filed holdings, 97% of QQQ and 100% of XLF by weight is stocks the S&P 500 already holds. Between the two funds, 0% 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 XLF, data as of Sep 13, 2026. https://etfiq.com/compare/any/qqq-vs-xlf Free to use with attribution; the underlying files are at Open data.
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