XMHQ vs MDY: Holdings Overlap
XMHQInvesco S&P MidCap Quality ETF
Invesco · 80 holdings · $5.5B · as of 2026-04-30
MDYState Street® SPDR® S&P MIDCAP 400® ETF Trust
State Street (SPDR) · 399 holdings · $27.1B · as of 2026-08-06
Holdings snapshots are 98 days apart (XMHQ: 2026-04-30, MDY: 2026-08-06). 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 MDY?
Invesco S&P MidCap Quality ETF (XMHQ, by Invesco) holds 80 positions; State Street® SPDR® S&P MIDCAP 400® ETF Trust (MDY, by State Street (SPDR)) holds 399. They have 79 holdings in common, and by portfolio weight the two funds are 20.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 20.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 79XMHQ holds 80 · MDY holds 399
- Weight in Shared Holdings
- XMHQ 98%·MDY 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
Sector Breakdown
| Sector | XMHQ | MDY |
|---|---|---|
| Industrials | 28.5% | 25.9% |
| Health Care | 19.7% | 10.3% |
| Financials | 15.1% | 16.0% |
| Information Technology | 8.4% | 15.6% |
| Consumer Discretionary | 9.5% | 11.6% |
| Other Sectors | 18.8% | 25.7% |
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% |
| MDY | +3.1% | +18.1% | +25.6% | +14.2% | +8.8% | +10.9% | 0.99% |
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 MDY →
Shared Holdings(79)
The top 10 shared positions account for 32% of the overlap, led by TWLO, ILMN and FTI.
 TWLOTwilio Inc., Class A | 3.00% | 0.80% | 0.80% |
|---|---|---|---|
 ILMNIllumina, Inc. | 3.55% | 0.80% | 0.80% |
 FTITechnipFMC PLC | 4.95% | 0.76% | 0.76% |
 CRSCarpenter Technology Corporation | 2.72% | 0.76% | 0.76% |
 AAAlcoa Corporation | 1.94% | 0.68% | 0.68% |
 EVREvercore Inc., Class A | 1.80% | 0.66% | 0.66% |
 UTHRUnited Therapeutics Corporation | 3.98% | 0.62% | 0.62% |
 RGLDRoyal Gold, Inc. | 2.38% | 0.49% | 0.49% |
 STRLSterling Infrastructure, Inc. | 2.61% | 0.45% | 0.45% |
 CSLCarlisle Companies Incorporated | 2.74% | 0.42% | 0.42% |
 TLNTalen Energy Corp. | 2.22% | 0.42% | 0.42% |
 LECOLincoln Electric Holdings, Inc. | 1.99% | 0.42% | 0.42% |
 BWXTBWX Technologies, Inc. | 2.35% | 0.42% | 0.42% |
 NXTNextpower Inc., Class A | 2.53% | 0.40% | 0.40% |
 RNRRenaissanceRe Holdings Ltd. | 1.72% | 0.38% | 0.38% |
 GGGGraco Inc. | 1.52% | 0.38% | 0.38% |
 TXRHTexas Roadhouse, Inc. | 1.48% | 0.37% | 0.37% |
 CCKCrown Holdings, Inc. | 1.41% | 0.37% | 0.37% |
 MEDPMedpace Holdings, Inc. | 2.54% | 0.36% | 0.36% |
 EXELExelixis, Inc. | 2.13% | 0.36% | 0.36% |
 PENPenumbra, Inc. | 1.93% | 0.35% | 0.35% |
 ELANElanco Animal Health Inc. | 1.44% | 0.33% | 0.33% |
 DCIDonaldson Company Inc. | 1.30% | 0.31% | 0.31% |
 MANHManhattan Associates, Inc. | 1.79% | 0.31% | 0.31% |
 PRIPrimerica, Inc. | 1.40% | 0.28% | 0.28% |
Frequently Asked Questions
How much do XMHQ and MDY overlap?
XMHQ and MDY overlap by 20.3% of portfolio weight. They share 79 holdings (XMHQ holds 80 positions and MDY holds 399), based on each fund's latest SEC-reported holdings.
Is it redundant to own both XMHQ and MDY?
The two portfolios are 20.3% 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 XMHQ and MDY?
The largest positions held by both funds are TWLO, ILMN, FTI, CRS and AA. Together the top 10 shared positions account for 32% of the total overlap.
What does XMHQ own that MDY doesn't?
1 positions (1.5% of XMHQ) are unique to XMHQ, led by 28T. In the other direction, 320 positions (84.9% of MDY) are unique to MDY.