Nasdaq 100 or S&P 500 Informationstechnologie?
The two indices share 53.7 % of their weight across 34 companies, and their daily returns correlate at 0.97. Holding both means buying much of the same thing twice — little is gained in spread, the weights simply shift.
Side by side
| Nasdaq 100 | S&P 500 Informationstechnologie | |
|---|---|---|
| Holdings covered | 99 | 70 |
| Volatility | 22.4 % | 27.3 % |
| Max drawdown | -22.9 % | -25.8 % |
| Cheapest ETF we cover | EXXT · 0.30 % | QDVE · 0.15 % |
The largest shared positions
| Company | Nasdaq 100 | S&P 500 Informationstechnologie |
|---|---|---|
| NVIDIA Corporation | 8.48 % | 18.66 % |
| Apple Inc. | 7.34 % | 18.35 % |
| Microsoft Corporation | 5.94 % | 15.48 % |
| Micron Technology Inc. | 4.39 % | 4.14 % |
| Advanced Micro Devices Inc. | 3.52 % | 3.33 % |
| Broadcom Inc. | 3.19 % | 8.30 % |
| Cisco Systems Inc. | 2.10 % | 1.99 % |
| Intel Corp. Corp. | 2.21 % | 1.96 % |
| Applied Materials Inc. | 1.85 % | 1.74 % |
| Lam Research Corporation | 1.69 % | 1.60 % |
Overlap and shared positions are computed from the holdings of one representative ETF each (EXXT and QDVE); of those we could attribute 98.6 % and 99.3 % of fund weight to individual companies, so real overlap is likely a little higher. The correlation covers 504 shared trading days.