TCAF vs XMHQ: Holdings Overlap
TCAFT. Rowe Price Capital Appreciation Equity ETF
T. Rowe Price · 92 holdings · $8.3B · as of 2026-03-31
XMHQInvesco S&P MidCap Quality ETF
Invesco · 80 holdings · $5.5B · as of 2026-04-30
Holdings snapshots are 30 days apart (TCAF: 2026-03-31, XMHQ: 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 TCAF and XMHQ?
T. Rowe Price Capital Appreciation Equity ETF (TCAF, by T. Rowe Price) holds 92 positions; Invesco S&P MidCap Quality ETF (XMHQ, by Invesco) holds 80. They have 1 holdings in common, and by portfolio weight the two funds are 0.6% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1TCAF holds 92 · XMHQ holds 80
- Weight in Shared Holdings
- TCAF 1%·XMHQ 1%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 TCAF
91 of 92 positions (99.3% of the fund) are not held by XMHQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | TCAF | XMHQ |
|---|---|---|
| Information Technology | 30.5% | 8.4% |
| Industrials | 5.0% | 28.5% |
| Health Care | 17.6% | 19.7% |
| Financials | 7.1% | 15.1% |
| Consumer Discretionary | 12.1% | 9.5% |
| Other Sectors | 24.2% | 18.8% |
| Unclassified | 3.3% | 0.0% |
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. “Unclassified” is weight we could not classify (3% of TCAF, 0% of XMHQ).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| TCAF | +3.1% | +12.1% | +18.5% | +18.6% | — | — | 0.45% |
| XMHQ | +4.3% | +16.0% | +18.7% | +14.6% | +10.6% | +13.0% | 0.55% |
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 TCAF vs XMHQ →
Shared Holdings(1)
 BSYBentley Systems Incorporated COM CL B | 0.59% | 0.59% | 0.59% |
|---|
Frequently Asked Questions
How much do TCAF and XMHQ overlap?
TCAF and XMHQ overlap by 0.6% of portfolio weight. They share 1 holdings (TCAF holds 92 positions and XMHQ holds 80), based on each fund's latest SEC-reported holdings.
Is it redundant to own both TCAF and XMHQ?
The two portfolios are 0.6% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of TCAF and XMHQ?
The largest positions held by both funds are BSY. Together the top 1 shared positions account for 99% of the total overlap.
What does TCAF own that XMHQ doesn't?
91 positions (99.3% of TCAF) are unique to TCAF, led by MSFT, AMZN and AAPL. In the other direction, 79 positions (99.4% of XMHQ) are unique to XMHQ.