MDY vs XMHQ: Holdings Overlap
MDYState Street® SPDR® S&P MIDCAP 400® ETF Trust
State Street (SPDR) · 399 holdings · $27.1B · as of 2026-08-06
XMHQInvesco S&P MidCap Quality ETF
Invesco · 80 holdings · $5.5B · as of 2026-04-30
Holdings snapshots are 98 days apart (MDY: 2026-08-06, 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 MDY and XMHQ?
State Street® SPDR® S&P MIDCAP 400® ETF Trust (MDY, by State Street (SPDR)) holds 399 positions; Invesco S&P MidCap Quality ETF (XMHQ, by Invesco) holds 80. They have 79 holdings in common, and by portfolio weight the two funds are 20.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 20.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 79MDY holds 399 · XMHQ holds 80
- Weight in Shared Holdings
- MDY 20%·XMHQ 98%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 MDY
320 of 399 positions (84.9% of the fund) are not held by XMHQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | MDY | XMHQ |
|---|---|---|
| Industrials | 25.9% | 28.5% |
| Health Care | 10.3% | 19.7% |
| Financials | 16.0% | 15.1% |
| Information Technology | 15.6% | 8.4% |
| Consumer Discretionary | 11.6% | 9.5% |
| Other Sectors | 25.7% | 18.8% |
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 |
|---|---|---|---|---|---|---|---|
| MDY | +3.1% | +18.1% | +25.6% | +14.2% | +8.8% | +10.9% | 0.99% |
| 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 MDY vs XMHQ →
Shared Holdings(79)
The top 10 shared positions account for 32% of the overlap, led by TWLO, ILMN and FTI.
 TWLOTwilio Inc., Class A | 0.80% | 3.00% | 0.80% |
|---|---|---|---|
 ILMNIllumina, Inc. | 0.80% | 3.55% | 0.80% |
 FTITechnipFMC plc | 0.76% | 4.95% | 0.76% |
 CRSCarpenter Technology Corporation | 0.76% | 2.72% | 0.76% |
 AAAlcoa Corporation | 0.68% | 1.94% | 0.68% |
 EVREvercore Inc., Class A | 0.66% | 1.80% | 0.66% |
 UTHRUnited Therapeutics Corporation | 0.62% | 3.98% | 0.62% |
 RGLDRoyal Gold, Inc. | 0.49% | 2.38% | 0.49% |
 STRLSterling Infrastructure, Inc. | 0.45% | 2.61% | 0.45% |
 CSLCarlisle Companies Incorporated | 0.42% | 2.74% | 0.42% |
 TLNTalen Energy Corp. | 0.42% | 2.22% | 0.42% |
 LECOLincoln Electric Holdings, Inc. | 0.42% | 1.99% | 0.42% |
 BWXTBWX Technologies, Inc. | 0.42% | 2.35% | 0.42% |
 NXTNextpower Inc., Class A | 0.40% | 2.53% | 0.40% |
 RNRRenaissanceRe Holdings Ltd. | 0.38% | 1.72% | 0.38% |
 GGGGraco Inc. | 0.38% | 1.52% | 0.38% |
 TXRHTexas Roadhouse, Inc. | 0.37% | 1.48% | 0.37% |
 CCKCrown Holdings, Inc. | 0.37% | 1.41% | 0.37% |
 MEDPMedpace Holdings, Inc. | 0.36% | 2.54% | 0.36% |
 EXELExelixis, Inc. | 0.36% | 2.13% | 0.36% |
 PENPenumbra, Inc. | 0.35% | 1.93% | 0.35% |
 ELANElanco Animal Health Inc. | 0.33% | 1.44% | 0.33% |
 DCIDonaldson Company Inc. | 0.31% | 1.30% | 0.31% |
 MANHManhattan Associates, Inc. | 0.31% | 1.79% | 0.31% |
 PRIPrimerica, Inc. | 0.28% | 1.40% | 0.28% |
Frequently Asked Questions
How much do MDY and XMHQ overlap?
MDY and XMHQ overlap by 20.3% of portfolio weight. They share 79 holdings (MDY holds 399 positions and XMHQ holds 80), based on each fund's latest SEC-reported holdings.
Is it redundant to own both MDY and XMHQ?
The two portfolios are 20.3% 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 MDY and XMHQ?
The largest positions held by both funds are TWLO, ILMN, FTI, CRS and AA. Together the top 10 shared positions account for 32% of the total overlap.
What does MDY own that XMHQ doesn't?
320 positions (84.9% of MDY) are unique to MDY, led by ATI, P and NVT. In the other direction, 1 positions (1.5% of XMHQ) are unique to XMHQ.