Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
QQQ vs XLG: how they differ
QQQ and XLG hold 56% of their weight in the same names, and QQQ returned more over the year.
Invesco QQQ Trust and Invesco S&P 500 Top 50 ETF.
What they hold in common
By the books each fund has filed, QQQ and XLG hold 56% of their money in the same securities at the same weight.
| Holding | QQQ | XLG |
|---|---|---|
| NVIDIA Corp | 8.52% | 12.79% |
| Apple Inc | 7.72% | 11.58% |
| Microsoft Corp | 5.89% | 8.83% |
| Amazon.com Inc | 4.36% | 5.95% |
| Alphabet Inc | 3.12% | 4.71% |
| Meta Platforms Inc | 3.07% | 3.42% |
| Alphabet Inc | 2.90% | 3.77% |
| Broadcom Inc | 2.75% | 4.12% |
| Micron Technology Inc | 4.90% | 2.66% |
| Tesla Inc | 2.92% | 2.47% |
| Advanced Micro Devices Inc | 3.65% | 1.99% |
| Intel Corp | 2.24% | 1.20% |
| Only in QQQ | Only in XLG |
|---|---|
| Space Exploration Technologies Corp 1.26% | JPMorgan Chase & Co 2.29% |
| Palo Alto Networks Inc 1.23% | Berkshire Hathaway Inc 2.25% |
| Crowdstrike Holdings Inc 0.94% | Eli Lilly & Co 2.15% |
| Amgen Inc 0.92% | ExxonMobil Holdings Corp 1.65% |
| Marvell Technology Inc 0.88% | Johnson & Johnson 1.55% |
| Seagate Technology Holdings PLC 0.86% | Visa Inc 1.47% |
| T-Mobile US Inc 0.85% | Mastercard Inc 1.10% |
| Gilead Sciences Inc 0.80% | AbbVie Inc 1.09% |
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 | XLG Invesco S&P 500 Top 50 ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Invesco | Invesco |
| What it is | Nasdaq-100 | S&P 500 top 50 |
| Total return, 1 year | +23.0% | +12.2% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +5.5 pts | −5.3 pts |
| Expense ratio | 0.18% | 0.20% |
| Already in the S&P 500 | 96.7% | 100.0% |
| Holdings | 105 | 52 |
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.
XLG in plain words
XLG is an index equity fund tracking the S&P 500 top 50. Over the year to Sep 11, 2026 it returned +12.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.20% 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 52 positions, with the top ten at 60.3%.
Questions people ask
- Which returned more over the last year, QQQ or XLG?
- In the year to Sep 13, 2026, with distributions reinvested, QQQ returned +23.0% and XLG returned +12.2%, so QQQ returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, QQQ or XLG?
- QQQ charges 0.18% a year and XLG charges 0.20%, so QQQ is cheaper. Fees come from each fund's prospectus.
- How much do QQQ and XLG overlap with the S&P 500?
- By their latest filed holdings, 97% of QQQ and 100% of XLG by weight is stocks the S&P 500 already holds. Between the two funds, 56% 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 XLG, data as of Sep 13, 2026. https://etfiq.com/compare/any/qqq-vs-xlg Free to use with attribution; the underlying files are at Open data.
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