QUAL vs SPMO: Holdings Overlap
QUALiShares MSCI USA Quality Factor ETF
iShares · 121 holdings · $47.8B · as of 2026-04-30
SPMOInvesco S&P 500 Momentum ETF
Invesco · 99 holdings · $21.3B · as of 2026-05-31
Holdings snapshots are 31 days apart (QUAL: 2026-04-30, SPMO: 2026-05-31). 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 QUAL and SPMO?
iShares MSCI USA Quality Factor ETF (QUAL, by iShares) holds 121 positions; Invesco S&P 500 Momentum ETF (SPMO, by Invesco) holds 99. They have 23 holdings in common, and by portfolio weight the two funds are 25.9% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 25.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 23QUAL holds 121 · SPMO holds 99
- Weight in Shared Holdings
- QUAL 31%·SPMO 36%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 QUAL
98 of 121 positions (69.1% of the fund) are not held by SPMO. Showing the top 30 by weight.
Sector Breakdown
| Sector | QUAL | SPMO |
|---|---|---|
| Information Technology | 34.4% | 54.9% |
| Industrials | 9.4% | 12.4% |
| Financials | 11.6% | 5.7% |
| Communication Services | 11.0% | 8.8% |
| Consumer Discretionary | 9.8% | 1.2% |
| Other Sectors | 23.6% | 17.1% |
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 |
|---|---|---|---|---|---|---|---|
| QUAL | +3.6% | +14.1% | +23.7% | +19.0% | +11.5% | +14.4% | 0.84% |
| SPMO | +0.2% | +26.0% | +29.7% | +39.1% | +20.9% | +20.0% | 0.70% |
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 QUAL vs SPMO →
Shared Holdings(23)
The top 10 shared positions account for 90% of the overlap, led by NVDA, LRCX and GOOGL.
 NVDANVIDIA Corp. COM | 6.50% | 8.46% | 6.50% |
|---|---|---|---|
 LRCXLam Research Corporation COM NEW | 3.22% | 3.54% | 3.22% |
 GOOGLAlphabet Inc. CAP STK CL A | 2.53% | 4.81% | 2.53% |
 CATCaterpillar Inc COM | 2.52% | 2.60% | 2.52% |
 GOOGAlphabet Inc. CAP STK CL C | 2.11% | 3.82% | 2.11% |
 JNJJohnson & Johnson COM | 1.92% | 3.85% | 1.92% |
 AMATApplied Materials Inc. COM | 2.45% | 1.77% | 1.77% |
 KLACKLA Corp. COM NEW | 2.78% | 1.39% | 1.39% |
 KOCoca-Cola Co (The) COM | 0.75% | 1.21% | 0.75% |
 LMTLockheed Martin Corporation COM | 0.88% | 0.50% | 0.50% |
 FIXComfort Systems USA Inc. COM | 0.54% | 0.47% | 0.47% |
 NEMNewmont Corporation COM | 0.42% | 1.10% | 0.42% |
 CMECME Group, Inc., Class A | 0.40% | 0.41% | 0.40% |
 MPWRMonolithic Power Systems Inc. COM | 0.70% | 0.32% | 0.32% |
 IDXXIDEXX Laboratories Inc. COM | 0.28% | 0.19% | 0.19% |
 EMEEmcor Group Inc COM | 0.35% | 0.17% | 0.17% |
 MNSTMonster Beverage Corp COM | 0.16% | 0.45% | 0.16% |
 CBOECboe Global Markets Inc COM | 0.12% | 0.15% | 0.12% |
 ATOAtmos Energy Corp. COM | 1.21% | 0.11% | 0.11% |
 ULTAUlta Beauty Inc COM | 0.50% | 0.10% | 0.10% |
 EXPDExpeditors International Of Washington Inc. COM | 0.16% | 0.10% | 0.10% |
 HSYHershey Co. (The) COM | 0.06% | 0.12% | 0.06% |
 ROLRollins Inc COM | 0.13% | 0.06% | 0.06% |
Frequently Asked Questions
How much do QUAL and SPMO overlap?
QUAL and SPMO overlap by 25.9% of portfolio weight. They share 23 holdings (QUAL holds 121 positions and SPMO holds 99), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QUAL and SPMO?
The two portfolios are 25.9% 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 QUAL and SPMO?
The largest positions held by both funds are NVDA, LRCX, GOOGL, CAT and GOOG. Together the top 10 shared positions account for 90% of the total overlap.
What does QUAL own that SPMO doesn't?
98 positions (69.1% of QUAL) are unique to QUAL, led by AAPL, MSFT and META. In the other direction, 76 positions (64.4% of SPMO) are unique to SPMO.