TQQQ vs XLV Overlap AnalysisOverlap
Comparing ProShares UltraPro QQQ and Health Care Select Sector SPDR Fund
Visual Overlap
Price Performance
Historical price comparison over 3M
๐Performance Comparison
โ ๏ธRisk Metrics
Interpretation:
- ๐ Lower volatility = smoother ride
- โก Higher Sharpe/Sortino = better risk-adjusted returns
- โ ๏ธ Smaller max drawdown = less worst-case pain
- ๐ Beta > 1 = more volatile than S&P 500
โ๏ธHead-to-Head Comparison
Key Factors
โถAdditional Metrics (5)
Bottom line: TQQQ and XLV are very similar. Choose based on your broker's commission structure or personal preference.
Detailed Overlap Analysis
8 shared holdings representing 4.7% portfolio overlap
Top Shared Holdings
| # | Stock | TQQQ Weight | XLV Weight | Overlap |
|---|---|---|---|---|
| 1 | ISRG ISRG | 0.71% | 3.67% | 0.71% |
| 2 | AMGN AMGN | 0.63% | 3.10% | 0.63% |
| 3 | GILD GILD | 0.54% | 2.72% | 0.54% |
| 4 | VRTX VRTX | 0.41% | 2.06% | 0.41% |
| 5 | REGN REGN | 0.28% | 1.29% | 0.28% |
| 6 | IDXX IDXX | 0.20% | 1.03% | 0.20% |
| 7 | GEHC GEHC | 0.13% | 0.70% | 0.13% |
| 8 | DXCM DXCM | 0.09% | 0.48% | 0.09% |
Overlap by Sector
Showing top 5 sectors by overlap contribution
Top Holdings Only in TQQQ
Unique to TQQQ
| Symbol | Name | Weight |
|---|---|---|
| NVDA | NVDA | 5.63% |
| AAPL | AAPL | 5.05% |
| MSFT | MSFT | 4.54% |
| AMZN | AMZN | 3.08% |
| TSLA | TSLA | 2.72% |
Top Holdings Only in XLV
Unique to XLV
| Symbol | Name | Weight |
|---|---|---|
| LLY | LLY | 14.33% |
| JNJ | JNJ | 8.84% |
| ABBV | ABBV | 7.23% |
| UNH | UNH | 5.38% |
| MRK | MRK | 4.44% |
Price Correlation
How We Calculate Overlap
We use the minimum weight method with normalization to calculate portfolio overlap:
Overlap = ฮฃ min(weightA, weightB) for each shared holdingNormalization: Holdings weights are normalized to sum to 100% before comparison. This ensures accurate overlap calculations even when analyzing partial holdings data (e.g., top 50 positions).
Conservative approach: We consider only the smaller allocation for each shared position, giving you a realistic view of true portfolio overlap.
๐ This analysis is based on publicly available holdings data. For the most current and complete holdings information, please visit the official ETF provider websites.