QQEW vs SPHD: Holdings Overlap
QQEWFirst Trust Nasdaq-100 Select Equal Weight ETF
First Trust · 51 holdings · $1.8B · as of 2026-03-31
SPHDInvesco S&P 500 High Dividend Low Volatility ETF
Invesco · 49 holdings · $3.4B · as of 2026-05-31
Holdings snapshots are 61 days apart (QQEW: 2026-03-31, SPHD: 2026-05-31). 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 QQEW and SPHD?
First Trust Nasdaq-100 Select Equal Weight ETF (QQEW, by First Trust) holds 51 positions; Invesco S&P 500 High Dividend Low Volatility ETF (SPHD, by Invesco) holds 49. They have 1 holdings in common, and by portfolio weight the two funds are 1.4% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1QQEW holds 51 · SPHD holds 49
- Weight in Shared Holdings
- QQEW 2%·SPHD 1%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 QQEW
50 of 51 positions (97.9% of the fund) are not held by SPHD. Showing the top 30 by weight.
Sector Breakdown
| Sector | QQEW | SPHD |
|---|---|---|
| Information Technology | 49.6% | 0.0% |
| Real Estate | 1.9% | 21.2% |
| Consumer Staples | 2.0% | 18.1% |
| Health Care | 16.3% | 5.0% |
| Financials | 0.0% | 16.0% |
| Other Sectors | 30.0% | 39.0% |
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.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| QQEW | +2.5% | +14.0% | +19.6% | +14.5% | +7.7% | +14.2% | 0.20% |
| SPHD | +1.0% | +12.8% | +14.8% | +12.6% | +8.0% | +7.2% | 4.54% |
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 QQEW vs SPHD →
Shared Holdings(1)
 PAYXPaychex Inc COM | 2.03% | 1.45% | 1.45% |
|---|
Frequently Asked Questions
How much do QQEW and SPHD overlap?
QQEW and SPHD overlap by 1.4% of portfolio weight. They share 1 holdings (QQEW holds 51 positions and SPHD holds 49), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQEW and SPHD?
The two portfolios are 1.4% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of QQEW and SPHD?
The largest positions held by both funds are PAYX. Together the top 1 shared positions account for 100% of the total overlap.
What does QQEW own that SPHD doesn't?
50 positions (97.9% of QQEW) are unique to QQEW, led by ARM, PDD and ALNY. In the other direction, 48 positions (98.0% of SPHD) are unique to SPHD.