QQEW vs XLV: Holdings Overlap
QQEWFirst Trust Nasdaq-100 Select Equal Weight ETF
First Trust · 51 holdings · $1.8B · as of 2026-03-31
XLVState Street® Health Care Select Sector SPDR® ETF
State Street (SPDR) · 61 holdings · $41.9B · as of 2026-08-06
Holdings snapshots are 128 days apart (QQEW: 2026-03-31, XLV: 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 XLV?
First Trust Nasdaq-100 Select Equal Weight ETF (QQEW, by First Trust) holds 51 positions; State Street® Health Care Select Sector SPDR® ETF (XLV, by State Street (SPDR)) holds 61. They have 7 holdings in common, and by portfolio weight the two funds are 10.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 10.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 7QQEW holds 51 · XLV holds 61
- Weight in Shared Holdings
- QQEW 14%·XLV 13%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
44 of 51 positions (85.8% of the fund) are not held by XLV. Showing the top 30 by weight.
Sector Breakdown
| Sector | QQEW | XLV |
|---|---|---|
| Health Care | 16.3% | 99.8% |
| Information Technology | 49.6% | 0.0% |
| Consumer Discretionary | 12.4% | 0.0% |
| Communication Services | 10.0% | 0.0% |
| Industrials | 7.7% | 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% |
| XLV | +0.8% | +7.9% | +30.7% | +9.2% | +6.2% | +10.0% | 1.53% |
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 XLV →
Shared Holdings(7)
The top 7 shared positions account for 100% of the overlap, led by GILD, AMGN and VRTX.
 GILDGilead Sciences Inc. COM | 2.07% | 2.74% | 2.07% |
|---|---|---|---|
 AMGNAmgen Inc. COM | 2.07% | 3.68% | 2.07% |
 VRTXVertex Pharmaceuticals Incorporated COM | 2.01% | 2.07% | 2.01% |
 ISRGIntuitive Surgical Inc. COM NEW | 1.97% | 2.23% | 1.97% |
 REGNRegeneron Pharmaceuticals, Inc. COM | 2.15% | 1.30% | 1.30% |
 IDXXIDEXX Laboratories Inc. COM | 1.99% | 0.78% | 0.78% |
 DXCMDexCom Inc COM | 1.91% | 0.54% | 0.54% |
Frequently Asked Questions
How much do QQEW and XLV overlap?
QQEW and XLV overlap by 10.7% of portfolio weight. They share 7 holdings (QQEW holds 51 positions and XLV holds 61), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQEW and XLV?
The two portfolios are 10.7% 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 QQEW and XLV?
The largest positions held by both funds are GILD, AMGN, VRTX, ISRG and REGN. Together the top 7 shared positions account for 100% of the total overlap.
What does QQEW own that XLV doesn't?
44 positions (85.8% of QQEW) are unique to QQEW, led by ARM, PDD and ALNY. In the other direction, 54 positions (86.5% of XLV) are unique to XLV.