SPMO vs USMC: Holdings Overlap
SPMOInvesco S&P 500 Momentum ETF
Invesco · 99 holdings · $21.3B · as of 2026-05-31
USMCPrincipal U.S. Mega-Cap ETF
Principal · 26 holdings · $3.6B · as of 2026-03-31
Holdings snapshots are 61 days apart (SPMO: 2026-05-31, USMC: 2026-03-31). 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 SPMO and USMC?
Invesco S&P 500 Momentum ETF (SPMO, by Invesco) holds 99 positions; Principal U.S. Mega-Cap ETF (USMC, by Principal) holds 26. They have 8 holdings in common, and by portfolio weight the two funds are 30.2% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 30.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 8SPMO holds 99 · USMC holds 26
- Weight in Shared Holdings
- SPMO 42%·USMC 32%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 SPMO
91 of 99 positions (57.6% of the fund) are not held by USMC. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPMO | USMC |
|---|---|---|
| Information Technology | 54.9% | 26.6% |
| Financials | 5.7% | 20.4% |
| Communication Services | 8.8% | 14.1% |
| Industrials | 12.4% | 5.4% |
| Consumer Staples | 4.0% | 10.2% |
| Other Sectors | 14.3% | 23.0% |
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 |
|---|---|---|---|---|---|---|---|
| SPMO | +0.2% | +26.0% | +29.7% | +39.1% | +20.9% | +20.0% | 0.70% |
| USMC | +2.9% | +11.9% | +21.9% | +20.8% | +14.5% | — | 0.74% |
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 SPMO vs USMC →
Shared Holdings(8)
The top 8 shared positions account for 100% of the overlap, led by NVDA, GOOGL and AVGO.
 NVDANVIDIA Corp. | 8.46% | 7.57% | 7.57% |
|---|---|---|---|
 GOOGLAlphabet Inc., Class A | 4.81% | 5.37% | 4.81% |
 AVGOBroadcom, Inc. | 7.58% | 4.50% | 4.50% |
 JNJJohnson & Johnson | 3.85% | 3.54% | 3.54% |
 MUMicron Technology, Inc. | 10.73% | 2.95% | 2.95% |
 XOMExxon Mobil Corp. | 2.78% | 2.84% | 2.78% |
 CATCaterpillar, Inc. | 2.60% | 2.43% | 2.43% |
 GEGeneral Electric Co. | 1.64% | 2.99% | 1.64% |
Frequently Asked Questions
How much do SPMO and USMC overlap?
SPMO and USMC overlap by 30.2% of portfolio weight. They share 8 holdings (SPMO holds 99 positions and USMC holds 26), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPMO and USMC?
The two portfolios are 30.2% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of SPMO and USMC?
The largest positions held by both funds are NVDA, GOOGL, AVGO, JNJ and MU. Together the top 8 shared positions account for 100% of the total overlap.
What does SPMO own that USMC doesn't?
91 positions (57.6% of SPMO) are unique to SPMO, led by AMD, GOOG and LRCX. In the other direction, 18 positions (67.5% of USMC) are unique to USMC.