QTEC vs SPHQ: Holdings Overlap
QTECFirst Trust NASDAQ-100-Technology Sector Index Fund
First Trust · 45 holdings · $4.8B · 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 (QTEC: 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 QTEC and SPHQ?
First Trust NASDAQ-100-Technology Sector Index Fund (QTEC, by First Trust) holds 45 positions; Invesco S&P 500 Quality ETF (SPHQ, by Invesco) holds 99. They have 9 holdings in common, and by portfolio weight the two funds are 17.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 17.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 9QTEC holds 45 · SPHQ holds 99
- Weight in Shared Holdings
- QTEC 20%·SPHQ 23%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 QTEC
36 of 45 positions (79.8% of the fund) are not held by SPHQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | QTEC | SPHQ |
|---|---|---|
| Information Technology | 86.5% | 27.6% |
| Industrials | 2.2% | 24.5% |
| Consumer Staples | 0.0% | 15.3% |
| Financials | 0.0% | 13.4% |
| Health Care | 0.0% | 8.4% |
| Other Sectors | 11.2% | 10.6% |
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 |
|---|---|---|---|---|---|---|---|
| QTEC | +1.7% | +37.5% | +49.6% | +28.1% | +14.1% | +21.4% | 0.01% |
| 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 QTEC vs SPHQ →
Shared Holdings(9)
The top 9 shared positions account for 100% of the overlap, led by AAPL, KLAC and AMAT.
 AAPLApple Inc. COM | 2.37% | 4.50% | 2.37% |
|---|---|---|---|
 KLACKLA Corp. COM NEW | 2.27% | 3.27% | 2.27% |
 AMATApplied Materials Inc. COM | 2.22% | 2.79% | 2.22% |
 LRCXLam Research Corporation COM NEW | 2.17% | 4.09% | 2.17% |
 WDCWestern Digital Corp. COM | 2.14% | 2.15% | 2.14% |
 QCOMQUALCOMM Inc. COM | 2.30% | 2.03% | 2.03% |
 APPApplovin Corp. COM CL A | 2.08% | 1.56% | 1.56% |
 ADBEAdobe Inc COM | 2.27% | 1.44% | 1.44% |
 FTNTFortinet Inc COM | 2.32% | 0.85% | 0.85% |
Frequently Asked Questions
How much do QTEC and SPHQ overlap?
QTEC and SPHQ overlap by 17.1% of portfolio weight. They share 9 holdings (QTEC holds 45 positions and SPHQ holds 99), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QTEC and SPHQ?
The two portfolios are 17.1% 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 QTEC and SPHQ?
The largest positions held by both funds are AAPL, KLAC, AMAT, LRCX and WDC. Together the top 9 shared positions account for 100% of the total overlap.
What does QTEC own that SPHQ doesn't?
36 positions (79.8% of QTEC) are unique to QTEC, led by ARM, MRVL and PDD. In the other direction, 90 positions (77.1% of SPHQ) are unique to SPHQ.