JQUA vs SPY: Holdings Overlap
JQUAJPMorgan U.S. Quality Factor ETF
JPMorgan · 289 holdings · $8.2B · as of 2026-04-30
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
Holdings snapshots are 98 days apart (JQUA: 2026-04-30, SPY: 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 JQUA and SPY?
JPMorgan U.S. Quality Factor ETF (JQUA, by JPMorgan) holds 289 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 180 holdings in common, and by portfolio weight the two funds are 41.4% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 41.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 180JQUA holds 289 · SPY holds 504
- Weight in Shared Holdings
- JQUA 82%·SPY 59%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 JQUA
109 of 289 positions (18.2% of the fund) are not held by SPY. Showing the top 30 by weight.
Sector Breakdown
| Sector | JQUA | SPY |
|---|---|---|
| Information Technology | 37.8% | 37.6% |
| Financials | 12.4% | 12.3% |
| Industrials | 10.0% | 8.8% |
| Communication Services | 6.8% | 9.7% |
| Consumer Discretionary | 9.6% | 9.3% |
| Other Sectors | 23.3% | 22.3% |
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.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| JQUA | +3.6% | +18.6% | +24.4% | +19.8% | +13.4% | — | 1.05% |
| SPY | +3.4% | +14.0% | +23.7% | +21.2% | +13.3% | +15.3% | 0.97% |
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 JQUA vs SPY →
Shared Holdings(180)
The top 10 shared positions account for 41% of the overlap, led by GOOGL, AVGO and NVDA.
 GOOGLAlphabet Inc. CAP STK CL A | 2.35% | 3.16% | 2.35% |
|---|---|---|---|
 AVGOBroadcom Inc COM | 2.11% | 3.00% | 2.11% |
 NVDANVIDIA Corp. COM | 2.05% | 8.00% | 2.05% |
 AAPLApple Inc. COM | 2.01% | 6.92% | 2.01% |
 METAMeta Platforms, Inc., Class A | 1.71% | 1.95% | 1.71% |
 MSFTMicrosoft Corp. COM | 1.66% | 5.60% | 1.66% |
 MUMicron Technology Inc. COM | 1.61% | 1.50% | 1.50% |
 BRK-BBerkshire Hathaway, Inc., Class B | 1.77% | 1.45% | 1.45% |
 AMDAdvanced Micro Devices Inc. COM | 1.64% | 1.20% | 1.20% |
 JNJJohnson & Johnson COM | 1.70% | 0.93% | 0.93% |
 VVisa, Inc., Class A | 1.70% | 0.93% | 0.93% |
 CSCOCisco Systems, Inc. COM | 1.21% | 0.72% | 0.72% |
 MAMasterCard Incorporated CL A | 1.25% | 0.70% | 0.70% |
 ABBVAbbVie Inc. COM | 1.19% | 0.65% | 0.65% |
 COSTCostco Wholesale Corporation COM | 1.44% | 0.63% | 0.63% |
 AMATApplied Materials Inc. COM | 1.11% | 0.63% | 0.63% |
 LRCXLam Research Corporation COM NEW | 1.15% | 0.58% | 0.58% |
 PLTRPalantir Technologies, Inc., Class A | 0.86% | 0.54% | 0.54% |
 CVXChevron Corp. COM | 0.75% | 0.53% | 0.53% |
 HDHome Depot, Inc. (The) | 1.09% | 0.52% | 0.52% |
 PGThe Procter & Gamble Co. COM | 1.15% | 0.52% | 0.52% |
 MRKMerck & Co., Inc COM | 0.94% | 0.48% | 0.48% |
 PMPhilip Morris International Inc. COM | 0.44% | 0.44% | 0.44% |
 PANWPalo Alto Networks Inc COM | 0.61% | 0.44% | 0.44% |
 GEVGE Vernova Inc. COM | 1.08% | 0.41% | 0.41% |
Frequently Asked Questions
How much do JQUA and SPY overlap?
JQUA and SPY overlap by 41.4% of portfolio weight. They share 180 holdings (JQUA holds 289 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both JQUA and SPY?
The two portfolios are 41.4% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of JQUA and SPY?
The largest positions held by both funds are GOOGL, AVGO, NVDA, AAPL and META. Together the top 10 shared positions account for 41% of the total overlap.
What does JQUA own that SPY doesn't?
109 positions (18.2% of JQUA) are unique to JQUA, led by XOM, EA and LSCC. In the other direction, 324 positions (40.8% of SPY) are unique to SPY.