QQEW vs XLP: Holdings Overlap
QQEWFirst Trust Nasdaq-100 Select Equal Weight ETF
First Trust · 51 holdings · $1.8B · as of 2026-03-31
XLPState Street® Consumer Staples Select Sector SPDR® ETF
State Street (SPDR) · 34 holdings · $14.7B · as of 2026-08-06
Holdings snapshots are 128 days apart (QQEW: 2026-03-31, XLP: 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 XLP?
First Trust Nasdaq-100 Select Equal Weight ETF (QQEW, by First Trust) holds 51 positions; State Street® Consumer Staples Select Sector SPDR® ETF (XLP, by State Street (SPDR)) holds 34. They have 1 holdings in common, and by portfolio weight the two funds are 2.0% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1QQEW holds 51 · XLP holds 34
- Weight in Shared Holdings
- QQEW 2%·XLP 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
50 of 51 positions (97.9% of the fund) are not held by XLP. Showing the top 30 by weight.
Only in XLP
33 of 34 positions (95.5% of the fund) are not held by QQEW. Showing the top 30 by weight.
Sector Breakdown
| Sector | QQEW | XLP |
|---|---|---|
| Consumer Staples | 2.0% | 99.8% |
| 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 | 9.6% | 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% |
| XLP | +0.3% | +11.0% | +6.4% | +7.1% | +6.5% | +7.4% | 2.58% |
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 XLP →
Shared Holdings(1)
 MNSTMonster Beverage Corp COM | 2.01% | 4.27% | 2.01% |
|---|
Frequently Asked Questions
How much do QQEW and XLP overlap?
QQEW and XLP overlap by 2.0% of portfolio weight. They share 1 holdings (QQEW holds 51 positions and XLP holds 34), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQEW and XLP?
The two portfolios are 2.0% 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 XLP?
The largest positions held by both funds are MNST. Together the top 1 shared positions account for 100% of the total overlap.
What does QQEW own that XLP doesn't?
50 positions (97.9% of QQEW) are unique to QQEW, led by ARM, PDD and ALNY. In the other direction, 33 positions (95.5% of XLP) are unique to XLP.