FVD vs XMHQ: Holdings Overlap
FVDFirst Trust Value Line Dividend Index Fund
First Trust · 236 holdings · $8.4B · as of 2026-03-31
XMHQInvesco S&P MidCap Quality ETF
Invesco · 80 holdings · $5.5B · as of 2026-04-30
Holdings snapshots are 30 days apart (FVD: 2026-03-31, XMHQ: 2026-04-30). 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 FVD and XMHQ?
First Trust Value Line Dividend Index Fund (FVD, by First Trust) holds 236 positions; Invesco S&P MidCap Quality ETF (XMHQ, by Invesco) holds 80. They have 13 holdings in common, and by portfolio weight the two funds are 5.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 5.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 13FVD holds 236 · XMHQ holds 80
- Weight in Shared Holdings
- FVD 5%·XMHQ 14%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 FVD
223 of 236 positions (94.3% of the fund) are not held by XMHQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | FVD | XMHQ |
|---|---|---|
| Industrials | 15.1% | 28.5% |
| Health Care | 6.4% | 19.7% |
| Utilities | 18.9% | 2.2% |
| Financials | 18.5% | 15.1% |
| Consumer Staples | 10.4% | 3.0% |
| Other Sectors | 25.7% | 31.4% |
| Unclassified | 4.7% | 0.0% |
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 (5% of FVD, 0% of XMHQ).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FVD | +2.8% | +11.6% | +14.7% | +10.6% | +6.9% | +8.8% | 2.20% |
| XMHQ | +4.3% | +16.0% | +18.7% | +14.6% | +10.6% | +13.0% | 0.55% |
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 FVD vs XMHQ →
Shared Holdings(13)
The top 10 shared positions account for 79% of the overlap, led by LSTR, MSM and INGR.
 LSTRLandstar System Inc. COM | 0.45% | 0.72% | 0.45% |
|---|---|---|---|
 MSMMSC Industrial Direct Co., Inc., Class A | 0.44% | 0.61% | 0.44% |
 INGRIngredion Incorporated COM | 0.43% | 1.05% | 0.43% |
 THGThe Hanover Insurance Group, Inc. COM | 0.42% | 0.87% | 0.42% |
 AFGAmerican Financial Group, Inc. COM | 0.42% | 1.13% | 0.42% |
 PRIPrimerica, Inc. COM | 0.42% | 1.40% | 0.42% |
 SEICSEI Investments Co COM | 0.42% | 1.47% | 0.42% |
 GGGGraco Inc COM | 0.42% | 1.52% | 0.42% |
 DCIDonaldson Co Inc COM | 0.42% | 1.30% | 0.42% |
 RLIRLI Corp COM | 0.41% | 0.66% | 0.41% |
 LECOLincoln Electric Holdings Inc. COM | 0.41% | 1.99% | 0.41% |
 MSAMSA Safety Inc. COM | 0.40% | 0.74% | 0.40% |
 MZTIMarzetti Co. (The) | 0.41% | 0.31% | 0.31% |
Frequently Asked Questions
How much do FVD and XMHQ overlap?
FVD and XMHQ overlap by 5.4% of portfolio weight. They share 13 holdings (FVD holds 236 positions and XMHQ holds 80), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FVD and XMHQ?
The two portfolios are 5.4% 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 FVD and XMHQ?
The largest positions held by both funds are LSTR, MSM, INGR, THG and AFG. Together the top 10 shared positions account for 79% of the total overlap.
What does FVD own that XMHQ doesn't?
223 positions (94.3% of FVD) are unique to FVD, led by ETR, RIO and SNY. In the other direction, 67 positions (86.2% of XMHQ) are unique to XMHQ.