QQEW vs XLI: Holdings Overlap
QQEWFirst Trust Nasdaq-100 Select Equal Weight ETF
First Trust · 51 holdings · $1.8B · as of 2026-03-31
XLIState Street® Industrial Select Sector SPDR® ETF
State Street (SPDR) · 83 holdings · $34.2B · as of 2026-08-06
Holdings snapshots are 128 days apart (QQEW: 2026-03-31, XLI: 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 QQEW and XLI?
First Trust Nasdaq-100 Select Equal Weight ETF (QQEW, by First Trust) holds 51 positions; State Street® Industrial Select Sector SPDR® ETF (XLI, by State Street (SPDR)) holds 83. They have 4 holdings in common, and by portfolio weight the two funds are 3.7% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 4QQEW holds 51 · XLI holds 83
- Weight in Shared Holdings
- QQEW 8%·XLI 4%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
47 of 51 positions (92.3% of the fund) are not held by XLI. Showing the top 30 by weight.
Sector Breakdown
| Sector | QQEW | XLI |
|---|---|---|
| Industrials | 7.7% | 99.9% |
| Information Technology | 49.6% | 0.0% |
| Health Care | 16.3% | 0.0% |
| Consumer Discretionary | 12.4% | 0.0% |
| Communication Services | 10.0% | 0.0% |
| Other Sectors | 3.9% | 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.
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% |
| XLI | +1.5% | +20.0% | +24.5% | +20.8% | +14.0% | +14.2% | 1.11% |
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 XLI →
Shared Holdings(4)
The top 4 shared positions account for 100% of the overlap, led by ADP, AXON and PAYX.
Frequently Asked Questions
How much do QQEW and XLI overlap?
QQEW and XLI overlap by 3.7% of portfolio weight. They share 4 holdings (QQEW holds 51 positions and XLI holds 83), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQEW and XLI?
The two portfolios are 3.7% 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 XLI?
The largest positions held by both funds are ADP, AXON, PAYX and VRSK. Together the top 4 shared positions account for 100% of the total overlap.
What does QQEW own that XLI doesn't?
47 positions (92.3% of QQEW) are unique to QQEW, led by ARM, PDD and ALNY. In the other direction, 79 positions (96.2% of XLI) are unique to XLI.