Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
QQQ vs XLK: how they differ
QQQ and XLK hold 55% of their weight in the same names, and XLK returned more over the year.
Invesco QQQ Trust and State Street(R) Technology Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, QQQ and XLK hold 55% of their money in the same securities at the same weight.
| Holding | QQQ | XLK |
|---|---|---|
| NVIDIA Corp | 8.52% | 14.31% |
| Apple Inc | 7.72% | 12.98% |
| Microsoft Corp | 5.89% | 9.90% |
| Micron Technology Inc | 4.90% | 4.11% |
| Advanced Micro Devices Inc | 3.65% | 4.23% |
| Broadcom Inc | 2.75% | 4.62% |
| Intel Corp | 2.24% | 3.27% |
| Cisco Systems Inc | 1.88% | 2.80% |
| Palantir Technologies Inc | 1.69% | 2.52% |
| Lam Research Corp | 1.66% | 2.46% |
| Applied Materials Inc | 1.60% | 2.38% |
| Palo Alto Networks Inc | 1.23% | 1.81% |
| Only in QQQ | Only in XLK |
|---|---|
| Amazon.com Inc 4.36% | ORACLE CORP 1.72% |
| Alphabet Inc 3.12% | INTL BUSINESS MACHINES CORP 1.45% |
| Meta Platforms Inc 3.07% | SALESFORCE INC 1.31% |
| Tesla Inc 2.92% | AMPHENOL CORP CL A 1.30% |
| Alphabet Inc 2.90% | ARISTA NETWORKS INC 1.29% |
| Walmart Inc 2.29% | DELL TECHNOLOGIES C 0.97% |
| Costco Wholesale Corp 1.78% | SERVICENOW INC 0.89% |
| Netflix Inc 1.42% | CORNING INC 0.84% |
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 | XLK State Street(R) Technology Select Sector SPDR(R) ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Invesco | State Street |
| What it is | Nasdaq-100 | Technology |
| Total return, 1 year | +23.0% | +39.2% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +5.5 pts | +21.7 pts |
| Expense ratio | 0.18% | 0.08% |
| Already in the S&P 500 | 96.7% | 100.0% |
| Holdings | 105 | 74 |
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.
XLK in plain words
XLK is an index equity fund tracking the Technology. Over the year to Sep 11, 2026 it returned +39.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.08% 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 74 positions, with the top ten at 61.2%. It sat 5.2% below its high of Jun 2, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, QQQ or XLK?
- In the year to Sep 13, 2026, with distributions reinvested, QQQ returned +23.0% and XLK returned +39.2%, so XLK returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, QQQ or XLK?
- QQQ charges 0.18% a year and XLK charges 0.08%, so XLK is cheaper. Fees come from each fund's prospectus.
- How much do QQQ and XLK overlap with the S&P 500?
- By their latest filed holdings, 97% of QQQ and 100% of XLK by weight is stocks the S&P 500 already holds. Between the two funds, 55% of their books are the same securities at the same weight.
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Where these figures came from
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Cite this page. ETFIQ, QQQ against XLK, data as of Sep 13, 2026. https://etfiq.com/compare/any/qqq-vs-xlk Free to use with attribution; the underlying files are at Open data.
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