SPY vs QQQ: holdings overlap, shared companies and scores
As of October 28, 2026, SPY and QQQ overlap 54.4% by weight. State Street SPDR S&P 500 ETF (SPY): S&P 500 index exposure. Invesco QQQ Trust, Series 1 (QQQ): Nasdaq-100 index exposure.
Updated October 28, 2026
Where SPY and QQQ trade against their own history
SPY trades at 24.8 times earnings, against its own median of 22.8, and is more expensive than 62% of its own last 9 years.
QQQ trades at 27.9 times earnings, against its own median of 30.2, and is cheaper than 57% of its own last 9 years.
What do SPY and QQQ each hold?
What's inside SPY: Tech 44%, Magnificent 7 34%.
38% of SPY is its ten largest holdings.
What's inside QQQ: Tech 64%, Magnificent 7 38%.
47% of QQQ is its ten largest holdings.
How much do SPY and QQQ overlap? 54.4% by weight
As of October 28, 2026, SPY and QQQ overlap 54.4% by weight.
54% of SPY is already inside QQQ.
93% of QQQ is already inside SPY.
SPY holds 504 companies and QQQ holds 102; 86 are in both.
Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score SPY and QQQ? 7.1 and 7.3 out of 10
As of October 28, 2026, ETF Copilot scores SPY 7.1 out of 10 and QQQ 7.3 out of 10.
They differ most on Risk: SPY 6.9 and QQQ 2.6.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | SPY | QQQ |
|---|---|---|
| Growth | 7.8 | 9.2 |
| Value | 3.5 | 5.8 |
| Risk | 6.9 | 2.6 |
| Quality | 8.7 | 8.5 |
| Return | 8.0 | 8.9 |
SPY is the cheaper of the two at 0.09% a year
As of October 28, 2026, SPY charges 0.09% a year, yields 0.98% and holds $814.8B in assets across 504 positions.
As of October 28, 2026, QQQ charges 0.18% a year, yields 0.43% and holds $487.3B in assets across 102 positions.
| Measure | SPY | QQQ |
|---|---|---|
| Expense ratio | 0.09% | 0.18% |
| Dividend yield | 0.98% | 0.43% |
| Assets under management | $814.8B | $487.3B |
| Holdings | 504 | 102 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Compare with similar funds
Cite this
ETF Copilot, “SPY vs QQQ holdings overlap and scores”, as of October 28, 2026.
https://etf-copilot.com/compare/spy-vs-qqq
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