QQQ vs SPHQ: Holdings Overlap
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
SPHQInvesco S&P 500 Quality ETF
Invesco · 99 holdings · $20.0B · as of 2026-04-30
Holdings snapshots are 30 days apart (QQQ: 2026-03-31, SPHQ: 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 QQQ and SPHQ?
Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101 positions; Invesco S&P 500 Quality ETF (SPHQ, by Invesco) holds 99. They have 20 holdings in common, and by portfolio weight the two funds are 19.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 19.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 20QQQ holds 101 · SPHQ holds 99
- Weight in Shared Holdings
- QQQ 23%·SPHQ 39%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 QQQ
81 of 101 positions (77.1% of the fund) are not held by SPHQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | QQQ | SPHQ |
|---|---|---|
| Information Technology | 49.7% | 27.6% |
| Industrials | 4.2% | 24.5% |
| Communication Services | 16.0% | 2.0% |
| Consumer Staples | 8.5% | 15.3% |
| Financials | 0.2% | 13.4% |
| Other Sectors | 21.2% | 17.0% |
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 |
|---|---|---|---|---|---|---|---|
| QQQ | +1.9% | +18.0% | +27.6% | +25.2% | +15.2% | +20.8% | 0.42% |
| SPHQ | -0.8% | +15.3% | +21.9% | +19.9% | +12.7% | +14.6% | 1.09% |
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 QQQ vs SPHQ →
Shared Holdings(20)
The top 10 shared positions account for 81% of the overlap, led by AAPL, COST and CSCO.
 AAPLApple Inc. | 7.63% | 4.50% | 4.50% |
|---|---|---|---|
 COSTCostco Wholesale Corp. | 2.50% | 4.81% | 2.50% |
 CSCOCisco Systems, Inc. | 1.73% | 3.54% | 1.73% |
 AMATApplied Materials, Inc. | 1.53% | 2.79% | 1.53% |
 LRCXLam Research Corp. | 1.51% | 4.09% | 1.51% |
 KLACKLA Corp. | 1.09% | 3.27% | 1.09% |
 GILDGilead Sciences, Inc. | 0.98% | 2.27% | 0.98% |
 QCOMQUALCOMM Inc. | 0.78% | 2.03% | 0.78% |
 APPAppLovin Corp., Class A | 0.69% | 1.56% | 0.69% |
 CEGConstellation Energy Corp. | 0.57% | 0.99% | 0.57% |
 ADBEAdobe Inc. | 0.56% | 1.44% | 0.56% |
 WDCWestern Digital Corp. | 0.52% | 2.15% | 0.52% |
 MDLZMondelez International, Inc., Class A | 0.42% | 0.80% | 0.42% |
 MNSTMonster Beverage Corp. | 0.40% | 0.82% | 0.40% |
 CTASCintas Corp. | 0.38% | 0.62% | 0.38% |
 FTNTFortinet, Inc. | 0.34% | 0.85% | 0.34% |
 ABNBAirbnb, Inc., Class A | 0.30% | 0.60% | 0.30% |
 FASTFastenal Co. | 0.30% | 0.53% | 0.30% |
 EAElectronic Arts Inc. | 0.29% | 0.45% | 0.29% |
 IDXXIDEXX Laboratories, Inc. | 0.25% | 0.61% | 0.25% |
Frequently Asked Questions
How much do QQQ and SPHQ overlap?
QQQ and SPHQ overlap by 19.7% of portfolio weight. They share 20 holdings (QQQ holds 101 positions and SPHQ holds 99), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QQQ and SPHQ?
The two portfolios are 19.7% 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 QQQ and SPHQ?
The largest positions held by both funds are AAPL, COST, CSCO, AMAT and LRCX. Together the top 10 shared positions account for 81% of the total overlap.
What does QQQ own that SPHQ doesn't?
81 positions (77.1% of QQQ) are unique to QQQ, led by NVDA, MSFT and AMZN. In the other direction, 79 positions (61.1% of SPHQ) are unique to SPHQ.