SMH vs SPHQ: Holdings Overlap
VanEck · 25 holdings · $71.5B · 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 (SMH: 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 SMH and SPHQ?
VanEck Semiconductor ETF (SMH, by VanEck) holds 25 positions; Invesco S&P 500 Quality ETF (SPHQ, by Invesco) holds 99. They have 5 holdings in common, and by portfolio weight the two funds are 12.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 12.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 5SMH holds 25 · SPHQ holds 99
- Weight in Shared Holdings
- SMH 18%·SPHQ 12%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 SMH
20 of 25 positions (81.7% of the fund) are not held by SPHQ.
Sector Breakdown
| Sector | SMH | SPHQ |
|---|---|---|
| Information Technology | 99.9% | 27.6% |
| Industrials | 0.0% | 24.5% |
| Consumer Staples | 0.0% | 15.3% |
| Financials | 0.0% | 13.4% |
| Health Care | 0.0% | 8.4% |
| Other Sectors | 0.0% | 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 |
|---|---|---|---|---|---|---|---|
| SMH | +0.2% | +61.8% | +100.8% | +55.9% | +34.9% | +34.9% | 0.19% |
| 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 SMH vs SPHQ →
Shared Holdings(5)
The top 5 shared positions account for 100% of the overlap, led by LRCX, KLAC and AMAT.
Frequently Asked Questions
How much do SMH and SPHQ overlap?
SMH and SPHQ overlap by 12.3% of portfolio weight. They share 5 holdings (SMH holds 25 positions and SPHQ holds 99), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SMH and SPHQ?
The two portfolios are 12.3% 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 SMH and SPHQ?
The largest positions held by both funds are LRCX, KLAC, AMAT, QCOM and SWKS. Together the top 5 shared positions account for 100% of the total overlap.
What does SMH own that SPHQ doesn't?
20 positions (81.7% of SMH) are unique to SMH, led by NVDA, TSM and AVGO. In the other direction, 94 positions (87.5% of SPHQ) are unique to SPHQ.