How much do SMH and QQQ overlap?

The weighted-overlap result uses the smaller portfolio weight for each reliably matched shared holding. Review the data timestamp and coverage states with the percentage.

Is SMH or QQQ more diversified?

Diversification cannot be decided from the shared-holding count alone. Compare unique holdings, concentration, sector, country, and market-cap-style exposure together.

Should I own both SMH and QQQ?

That depends on whether the duplicated exposure is intentional. The 50/50 portfolio view shows how much of a combined allocation is shared, but it is not personalized investment advice.

How many holdings do SMH and QQQ share?

SMH and QQQ share 21 reliably matched holdings in the stored snapshots. Check both provider dates and identified coverage before treating the count as complete.

Can AI predict whether SMH or QQQ will perform better?

No. AI cannot predict whether SMH or QQQ will perform better. This page measures current holdings exposure and does not compare future returns or recommend a winner.

ETF Overlap Tool

SMH vs QQQ ETF Overlap

Snapshot overlap answer

SMH and QQQ share 21 matched holdings in the stored snapshots. Their weighted holdings overlap is 32.0%. SMH has 88.6% in common holdings, while QQQ has 32.0%. The holdings dates are Jul 29, 2026 and Jul 29, 2026.

Compare ETF holdings

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Examples: VOO and VTI, QQQ and VGT, or SCHD and VYM.

Data dates and coverage

Complete

Each ETF keeps its own FMP update time. Pineify does not replace different timestamps with a single date. Result retrieved Jul 30, 2026, 05:02 AM UTC.

SMH: Updated Jul 29, 2026, 08:07 PM UTC; Identified coverage: 99.9%; Positive long weight: 100.0%. Identified long: 99.9%.; Signed source weight: 100.0%. Unmatched long: 0.1%.; Excluded negative weight: 0.0%.
QQQ: Updated Jul 29, 2026, 03:07 AM UTC; Identified coverage: 99.9%; Positive long weight: 100.1%. Identified long: 100.0%.; Signed source weight: 100.0%. Unmatched long: 0.1%.; Excluded negative weight: 0.1%.

Shared holdings: 21; Resolved holding identities present in both ETF snapshots.
Weighted overlap: 32.0%; Sum of the smaller weight for each shared holding.
SMH common exposure: 88.6%; Share of SMH invested in holdings that also appear in QQQ.
QQQ common exposure: 32.0%; Share of QQQ invested in holdings that also appear in SMH.

Top shared holdings

Ranked by the smaller weight contributed by the two ETFs.

Complete

Shared holdings for SMH and QQQ
Holding	SMH weight	QQQ weight	Overlap slice
NVDANvidia Corp	21.43%	8.04%	8.04%
MUMicron Technology Inc	5.01%	4.31%	4.31%
AMDAdvanced Micro Devices Inc	5.48%	3.45%	3.45%
AVGOBroadcom Inc	6.60%	3.05%	3.05%
INTCIntel Corp	3.95%	2.02%	2.02%
AMATApplied Materials Inc	4.70%	1.76%	1.76%
LRCXLam Research Corp	4.11%	1.57%	1.57%
TXNTexas Instruments Inc	4.82%	1.17%	1.17%
KLACKla Corp	4.38%	1.16%	1.16%
ADIAnalog Devices Inc	4.57%	0.83%	0.83%
QCOMQualcomm Inc	4.10%	0.80%	0.80%
MRVLMarvell Technology Inc	3.39%	0.71%	0.71%
ASMLAsml Holding Nv	4.97%	0.68%	0.68%
ARMArm Holdings Plc	1.00%	0.48%	0.48%
CDNSCadence Design Systems Inc	2.45%	0.44%	0.44%

Top unique holdings

These resolved holdings appear on one side of the current snapshots, not both.

Unique to SMH

TSMTaiwan Semiconductor Manufacturing Co L9.49%
STMStmicroelectronics Nv1.05%
ONOn Semiconductor Corp0.64%
SWKSSkyworks Solutions Inc0.19%
No ticker-USD CASH-0.07%

Unique to QQQ

AAPLApple Inc8.43%
MSFTMicrosoft Corp4.93%
AMZNAmazon.com Inc4.19%
GOOGLAlphabet Inc3.28%
GOOGAlphabet Inc3.06%
METAMeta Platforms Inc2.96%
TSLATesla Inc2.59%
WMTWalmart Inc2.57%
CSCOCisco Systems Inc2.12%
COSTCostco Wholesale Corp2.00%

Sector overlap

Sector weights are compared by normalized provider labels. Unknown weight is not reassigned.

60.9%Complete

SMH classification coverage: Classified ratio: 100.0%. Unknown weight: 0.0%.
QQQ classification coverage: Classified ratio: 100.0%. Unknown weight: 0.0%.

Sector overlap for SMH and QQQ
Bucket	SMH	QQQ	Overlap
Information Technology	100.00%	60.93%	60.93%
Communication Services	0.00%	13.07%	0.00%
Consumer Discretionary	0.00%	10.68%	0.00%
Consumer Staples	0.00%	6.25%	0.00%
Health Care	0.00%	3.56%	0.00%
Industrials	0.00%	2.70%	0.00%
Utilities	0.00%	1.14%	0.00%
Materials	0.00%	1.04%	0.00%
Energy	0.00%	0.45%	0.00%
Financials	0.00%	0.17%	0.00%
Cash & Others	0.00%	0.01%	0.00%

Country overlap

Country exposure uses the current provider classification for each ETF.

84.5%Complete

SMH classification coverage: Classified ratio: 100.0%. Unknown weight: 0.0%.
QQQ classification coverage: Classified ratio: 100.0%. Unknown weight: 0.0%.

Country overlap for SMH and QQQ
Bucket	SMH	QQQ	Overlap
United States	82.27%	94.27%	82.27%
Netherlands	6.44%	1.15%	1.15%
United Kingdom	1.05%	1.82%	1.05%
Other	0.06%	0.35%	0.06%
Taiwan	9.16%	0.00%	0.00%
Switzerland	1.02%	0.00%	0.00%
Canada	0.00%	0.92%	0.00%
Singapore	0.00%	0.78%	0.00%
Uruguay	0.00%	0.44%	0.00%
Ireland	0.00%	0.27%	0.00%

Market-cap style overlap

Applicable equity holdings are grouped by Pineify v1 market-cap thresholds. Bonds, cash, and derivatives are excluded.

99.0%Complete

SMH classification coverage: Classified ratio: 100.0%. Unknown weight: 0.0%.
QQQ classification coverage: Classified ratio: 99.3%. Unknown weight: 0.7%.

Market-cap style overlap for SMH and QQQ
Bucket	SMH	QQQ	Overlap
Large cap	99.76%	98.96%	98.96%
Unclassified	0.00%	0.68%	0.00%
Mid cap	0.19%	0.00%	0.00%

Model your whole-portfolio exposure

Enter each ETF as a share of the whole portfolio. Pineify keeps any remainder unmodeled and does not rescale the inputs.

SMH allocation (%)QQQ allocation (%)

0% remains outside this two-ETF model.

Shared exposure: 60.3%; Combined exposure to holdings present in both ETFs.
Duplicate slice: 16.0%; The smaller scaled position for every shared holding.
Unmodeled remainder: 0.0%; Portfolio weight outside the two entered ETFs.

Method

Weighted overlap is the sum of the smaller holding weight for every matched security.
Pineify retains valid ISIN, CUSIP, and symbol aliases. Matching proceeds in stages and only accepts unique, non-conflicting identities. Names are not fuzzy matched.
Common exposure is calculated separately for each ETF. It is not the same metric as weighted overlap.
Negative weights are reported separately and excluded from the long-only overlap calculation.
Market-cap style uses Pineify methodology v1: small below $2 billion, mid from $2 billion to below $10 billion, and large at $10 billion or more. Market-cap data older than seven days is stale and the affected weight remains unclassified.

Methodology version: holdings-overlap-v1

Sources and warnings

FMP etf-holdings for SMHProvider time: Jul 29, 2026, 08:07 PM UTC. Retrieved Jul 30, 2026, 05:02 AM UTC.
FMP etf-info for SMHProvider time: Jul 29, 2026, 11:20 AM UTC. Retrieved Jul 30, 2026, 05:02 AM UTC.
FMP etf-sector-weightings for SMHProvider time: No provider timestamp. Retrieved Jul 30, 2026, 05:02 AM UTC.
FMP etf-country-weightings for SMHProvider time: No provider timestamp. Retrieved Jul 30, 2026, 05:02 AM UTC.
FMP etf-holdings for QQQProvider time: Jul 29, 2026, 03:07 AM UTC. Retrieved Jul 30, 2026, 05:02 AM UTC.
FMP etf-info for QQQProvider time: Jul 30, 2026, 03:10 AM UTC. Retrieved Jul 30, 2026, 05:02 AM UTC.
FMP etf-sector-weightings for QQQProvider time: No provider timestamp. Retrieved Jul 30, 2026, 05:02 AM UTC.
FMP etf-country-weightings for QQQProvider time: No provider timestamp. Retrieved Jul 30, 2026, 05:02 AM UTC.
FMP market-capitalization-batchProvider time: No provider timestamp. Retrieved Jul 30, 2026, 05:02 AM UTC.

Data notes

Negative holding weight is reported separately and excluded from long-only overlap.
Some positive holding weight did not have a reliable security identity.
Negative holding weight is reported separately and excluded from long-only overlap.
Some positive holding weight did not have a reliable security identity.
Holding tables show the highest-weight rows; calculations use every resolved holding.
2 market-cap observations were too old for current style classification.

What this SMH and QQQ result means

Holding count and weight answer different questions

The shared count shows how many resolved holding identities appear on both sides. Weighted overlap shows how much of the smaller position lines up for each shared security.

This is not a performance comparison

The page does not compare fees, liquidity, tracking error, taxes, or historical returns. Use those factors in a separate fund review before making an investment decision.

Published pair pages

Open the ETF Overlap tool

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ETF overlap questions

A next step after overlap

Put the duplicate exposure in research context

ETF overlap explains portfolio composition. Finance Agent can help you inspect the funds, sectors, and holdings behind the result. It does not turn overlap into a buy or sell recommendation.

Research with Finance Agent Open portfolio analysis

Pineify ETF Overlap is an information tool, not investment advice. The analysis does not compare fees, liquidity, past performance, or expected returns, and it does not recommend one ETF over another. Data can be incomplete or delayed. No tool or AI system can predict ETF prices or guarantee a return.