XMHQ vs IVOO: Holdings Overlap
XMHQInvesco S&P MidCap Quality ETF
Invesco · 80 holdings · $5.5B · as of 2026-04-30
IVOOVanguard S&P Mid-cap 400 Index Fund
Vanguard · 400 holdings · $3.9B · as of 2026-05-31
Holdings snapshots are 31 days apart (XMHQ: 2026-04-30, IVOO: 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 XMHQ and IVOO?
Invesco S&P MidCap Quality ETF (XMHQ, by Invesco) holds 80 positions; Vanguard S&P Mid-cap 400 Index Fund (IVOO, by Vanguard) holds 400. They have 80 holdings in common, and by portfolio weight the two funds are 20.5% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 20.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 80XMHQ holds 80 · IVOO holds 400
- Weight in Shared Holdings
- XMHQ 100%·IVOO 20%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 XMHQ
Every position in XMHQ is also held by IVOO, so it brings nothing the other fund doesn’t already own.
Sector Breakdown
| Sector | XMHQ | IVOO |
|---|---|---|
| Industrials | 28.5% | 25.6% |
| Health Care | 19.7% | 8.7% |
| Information Technology | 8.4% | 15.7% |
| Financials | 15.1% | 14.3% |
| Consumer Discretionary | 9.5% | 11.1% |
| Other Sectors | 18.8% | 24.4% |
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 |
|---|---|---|---|---|---|---|---|
| XMHQ | +4.3% | +16.0% | +18.7% | +14.6% | +10.6% | +13.0% | 0.55% |
| IVOO | +3.1% | +18.5% | +26.0% | +14.6% | +9.0% | +11.2% | 1.14% |
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 XMHQ vs IVOO →
Shared Holdings(80)
The top 10 shared positions account for 33% of the overlap, led by TWLO, FTI and STRL.
 TWLOTwilio, Inc., Class A | 3.00% | 0.82% | 0.82% |
|---|---|---|---|
 FTITechnipFMC PLC USD1 | 4.95% | 0.79% | 0.79% |
 STRLSterling Infrastructure Inc COM | 2.61% | 0.75% | 0.75% |
 ILMNIllumina Inc COM | 3.55% | 0.71% | 0.71% |
 UTHRUnited Therapeutics Corporation COM | 3.98% | 0.68% | 0.68% |
 CRSCarpenter Technology Corporation COM | 2.72% | 0.67% | 0.67% |
 NXTNextpower Inc. CLASS A COM | 2.53% | 0.66% | 0.66% |
 AAAlcoa Corporation COM | 1.94% | 0.57% | 0.57% |
 RGLDRoyal Gold, Inc. COM | 2.38% | 0.52% | 0.52% |
 BWXTBWX Technologies Inc. COM | 2.35% | 0.51% | 0.51% |
 TLNTalen Energy Corporation COM | 2.22% | 0.50% | 0.50% |
 LECOLincoln Electric Holdings Inc. COM | 1.99% | 0.41% | 0.41% |
 CSLCarlisle Companies Incorporated | 2.74% | 0.40% | 0.40% |
 EVREvercore, Inc., Class A | 1.80% | 0.38% | 0.38% |
 EXELExelixis, Inc. COM | 2.13% | 0.37% | 0.37% |
 GGGGraco Inc COM | 1.52% | 0.36% | 0.36% |
 PENPenumbra Inc. COM | 1.93% | 0.36% | 0.36% |
 RNRRenaissancere Holdings Ltd. COM USD1 | 1.72% | 0.35% | 0.35% |
 TXRHTexas Roadhouse Inc COM | 1.48% | 0.34% | 0.34% |
 ELANElanco Animal Health Inc COM | 1.44% | 0.34% | 0.34% |
 28TTopbuild Corporation COM | 1.46% | 0.33% | 0.33% |
 CCKCrown Holdings Inc COM | 1.41% | 0.30% | 0.30% |
 VMIValmont Industries, Inc. COM | 1.27% | 0.29% | 0.29% |
 MEDPMedpace Holdings Inc. COM | 2.54% | 0.29% | 0.29% |
 DCIDonaldson Company Inc. | 1.30% | 0.27% | 0.27% |
Frequently Asked Questions
How much do XMHQ and IVOO overlap?
XMHQ and IVOO overlap by 20.5% of portfolio weight. They share 80 holdings (XMHQ holds 80 positions and IVOO holds 400), based on each fund's latest SEC-reported holdings.
Is it redundant to own both XMHQ and IVOO?
The two portfolios are 20.5% 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 XMHQ and IVOO?
The largest positions held by both funds are TWLO, FTI, STRL, ILMN and UTHR. Together the top 10 shared positions account for 33% of the total overlap.
What does XMHQ own that IVOO doesn't?
Nothing. Every position in XMHQ is also held by IVOO. In the other direction, 320 positions (79.4% of IVOO) are unique to IVOO.