CQQQ vs SPEM: Holdings Overlap
CQQQInvesco China Technology ETF
Invesco · 173 holdings · $3.2B · as of 2026-04-30
SPEMState Street® SPDR® Portfolio Emerging Markets ETF
State Street (SPDR) · 2776 holdings · $17.4B · as of 2026-08-06
Holdings snapshots are 98 days apart (CQQQ: 2026-04-30, SPEM: 2026-08-06). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are CQQQ and SPEM?
Invesco China Technology ETF (CQQQ, by Invesco) holds 173 positions; State Street® SPDR® Portfolio Emerging Markets ETF (SPEM, by State Street (SPDR)) holds 2776. They have 58 holdings in common, and by portfolio weight the two funds are 6.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 6.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 58CQQQ holds 173 · SPEM holds 2776
- Weight in Shared Holdings
- CQQQ 71%·SPEM 6%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in CQQQ
115 of 173 positions (28.5% of the fund) are not held by SPEM. Showing the top 30 by weight.
Only in SPEM
2718 of 2776 positions (102.8% of the fund) are not held by CQQQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | CQQQ | SPEM |
|---|---|---|
| Information Technology | 28.3% | 25.3% |
| Communication Services | 23.3% | 5.4% |
| Consumer Discretionary | 17.1% | 7.0% |
| Financials | 0.0% | 15.1% |
| Materials | 0.0% | 3.8% |
| Other Sectors | 0.0% | 8.7% |
| Unclassified | 31.3% | 43.5% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (31% of CQQQ, 40% of SPEM).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| CQQQ | -1.6% | +2.1% | +13.8% | +8.9% | -4.9% | +4.7% | 2.12% |
| SPEM | +2.8% | +13.1% | +22.8% | +17.3% | +7.2% | +8.6% | 2.48% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in CQQQ vs SPEM →
Shared Holdings(58)
The top 10 shared positions account for 83% of the overlap, led by 700, PDD and 3690.
 700Tencent Holdings Ltd. | 8.41% | 3.01% | 3.01% |
|---|---|---|---|
 PDDPDD Holdings Inc. SPONSORED ADS | 8.48% | 0.54% | 0.54% |
 3690Meituan, B Shares | 8.59% | 0.48% | 0.48% |
 9888Baidu, Inc., A Shares | 6.85% | 0.27% | 0.27% |
 1347Hua Hong Semiconductor Ltd. | 3.63% | 0.19% | 0.19% |
 688256Cambricon Technologies Corp. Ltd. | 2.59% | 0.14% | 0.14% |
 002371NAURA Technology Group Co., Ltd., A Shares | 1.39% | 0.14% | 0.14% |
 1024Kuaishou Technology | 4.28% | 0.12% | 0.12% |
 688008Montage Technology Co., Ltd., A Shares | 0.72% | 0.11% | 0.11% |
 300604Hangzhou Chang Chuan Technology Co., Ltd. | 0.39% | 0.10% | 0.10% |
 600183Shengyi Technology Co., Ltd., A Shares | 0.67% | 0.07% | 0.07% |
 JOYYJOYY Inc., ADR | 0.54% | 0.06% | 0.06% |
 2382Sunny Optical Technology (Group) Co. Ltd. | 1.91% | 0.06% | 0.06% |
 002938Avary Holding (Shenzhen) Co., Ltd., A Shares | 0.60% | 0.05% | 0.05% |
 268Kingdee International Software Group Co. Ltd. | 1.10% | 0.05% | 0.05% |
 TMETencent Music Entertainment Group, ADR | 1.58% | 0.04% | 0.04% |
 688012Advanced Micro-Fabrication Equipment Inc., A Shares | 0.85% | 0.04% | 0.04% |
 1888Kingboard Laminates Holdings Ltd. | 1.45% | 0.04% | 0.04% |
 300433Lens Technology Co., Ltd., A Shares | 0.46% | 0.04% | 0.04% |
 603501OmniVision Integrated Circuits Group, Inc., A Shares | 0.43% | 0.04% | 0.04% |
 002463WUS Printed Circuit (Kunshan) Co., Ltd., A Shares | 0.71% | 0.04% | 0.04% |
 688041Hygon Information Technology Co., Ltd., A Shares | 2.50% | 0.03% | 0.03% |
 9698GDS Holdings Ltd., A Shares | 1.52% | 0.03% | 0.03% |
 3888Kingsoft Corp. Ltd. | 1.03% | 0.03% | 0.03% |
 603986GigaDevice Semiconductor Inc., A Shares | 0.75% | 0.02% | 0.02% |
Frequently Asked Questions
How much do CQQQ and SPEM overlap?
CQQQ and SPEM overlap by 6.1% of portfolio weight. They share 58 holdings (CQQQ holds 173 positions and SPEM holds 2776), based on each fund's latest SEC-reported holdings.
Is it redundant to own both CQQQ and SPEM?
The two portfolios are 6.1% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of CQQQ and SPEM?
The largest positions held by both funds are 700, PDD, 3690, 9888 and 1347. Together the top 10 shared positions account for 83% of the total overlap.
What does CQQQ own that SPEM doesn't?
115 positions (28.5% of CQQQ) are unique to CQQQ, led by 9660, 20 and 9626. In the other direction, 2718 positions (102.8% of SPEM) are unique to SPEM.