VLUE vs SPMO: Holdings Overlap
VLUEiShares MSCI USA Value Factor ETF
iShares · 148 holdings · $9.5B · 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 (VLUE: 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 VLUE and SPMO?
iShares MSCI USA Value Factor ETF (VLUE, by iShares) holds 148 positions; Invesco S&P 500 Momentum ETF (SPMO, by Invesco) holds 99. They have 21 holdings in common, and by portfolio weight the two funds are 23.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 23.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 21VLUE holds 148 · SPMO holds 99
- Weight in Shared Holdings
- VLUE 43%·SPMO 24%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 VLUE
127 of 148 positions (56.6% of the fund) are not held by SPMO. Showing the top 30 by weight.
Sector Breakdown
| Sector | VLUE | SPMO |
|---|---|---|
| Information Technology | 43.9% | 54.9% |
| Industrials | 7.6% | 12.4% |
| Financials | 10.9% | 5.7% |
| Communication Services | 8.3% | 8.8% |
| Health Care | 8.4% | 6.2% |
| Other Sectors | 20.7% | 12.1% |
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 |
|---|---|---|---|---|---|---|---|
| VLUE | +3.0% | +45.7% | +77.9% | +30.1% | +16.5% | +14.7% | 1.42% |
| 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 VLUE vs SPMO →
Shared Holdings(21)
The top 10 shared positions account for 95% of the overlap, led by MU, INTC and CSCO.
 MUMicron Technology Inc. COM | 11.60% | 10.73% | 10.73% |
|---|---|---|---|
 INTCIntel Corporation COM | 9.26% | 2.95% | 2.95% |
 CSCOCisco Systems, Inc. COM | 4.96% | 2.02% | 2.02% |
 AMATApplied Materials Inc. COM | 3.66% | 1.77% | 1.77% |
 WDCWestern Digital Corp. COM | 1.88% | 1.77% | 1.77% |
 CCitigroup Inc. COM NEW | 1.94% | 0.97% | 0.97% |
 NEMNewmont Corporation COM | 0.64% | 1.10% | 0.64% |
 LHXL3 Harris Technologies Inc COM | 0.59% | 0.42% | 0.42% |
 GMGeneral Motors Company COM | 3.15% | 0.41% | 0.41% |
 TELTE Connectivity PLC ORD SHS | 0.92% | 0.31% | 0.31% |
 FFord Motor Company COM | 1.50% | 0.30% | 0.30% |
 STTState Street Corp. COM | 0.26% | 0.17% | 0.17% |
 ADMArcher-Daniels-Midland Co. COM | 0.87% | 0.15% | 0.15% |
 JBLJabil Inc COM | 0.56% | 0.15% | 0.15% |
 DLTRDollar Tree Inc COM | 0.17% | 0.09% | 0.09% |
 EVRGEvergy Inc COM | 0.16% | 0.09% | 0.09% |
 Q23Bunge Global SA COM SHS | 0.52% | 0.08% | 0.08% |
 LLoews Corporation COM | 0.12% | 0.07% | 0.07% |
 LDOSLeidos Holdings Inc COM | 0.18% | 0.07% | 0.07% |
 FOXAFox Corporation CL A COM | 0.15% | 0.06% | 0.06% |
 FOXFox Corporation CL B COM | 0.10% | 0.03% | 0.03% |
Frequently Asked Questions
How much do VLUE and SPMO overlap?
VLUE and SPMO overlap by 23.3% of portfolio weight. They share 21 holdings (VLUE holds 148 positions and SPMO holds 99), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VLUE and SPMO?
The two portfolios are 23.3% 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 VLUE and SPMO?
The largest positions held by both funds are MU, INTC, CSCO, AMAT and WDC. Together the top 10 shared positions account for 95% of the total overlap.
What does VLUE own that SPMO doesn't?
127 positions (56.6% of VLUE) are unique to VLUE, led by VZ, T and BAC. In the other direction, 78 positions (76.4% of SPMO) are unique to SPMO.