XMHQ vs MDYG: Holdings Overlap
XMHQInvesco S&P MidCap Quality ETF
Invesco · 80 holdings · $5.5B · as of 2026-04-30
MDYGState Street® SPDR® S&P 400™ Mid Cap Growth ETF
State Street (SPDR) · 245 holdings · $2.9B · as of 2026-08-06
Holdings snapshots are 98 days apart (XMHQ: 2026-04-30, MDYG: 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 MDYG?
Invesco S&P MidCap Quality ETF (XMHQ, by Invesco) holds 80 positions; State Street® SPDR® S&P 400™ Mid Cap Growth ETF (MDYG, by State Street (SPDR)) holds 245. They have 62 holdings in common, and by portfolio weight the two funds are 25.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 25.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 62XMHQ holds 80 · MDYG holds 245
- Weight in Shared Holdings
- XMHQ 86%·MDYG 25%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
18 of 80 positions (14.4% of the fund) are not held by MDYG.
Sector Breakdown
| Sector | XMHQ | MDYG |
|---|---|---|
| Industrials | 28.5% | 29.8% |
| Information Technology | 8.4% | 20.2% |
| Health Care | 19.7% | 15.5% |
| Financials | 15.1% | 8.0% |
| Consumer Discretionary | 9.5% | 9.0% |
| Other Sectors | 18.8% | 17.3% |
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% |
| MDYG | +3.3% | +21.6% | +28.0% | +16.0% | +8.5% | +11.3% | 0.56% |
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 MDYG →
Shared Holdings(62)
The top 10 shared positions account for 43% of the overlap, led by TWLO, FTI and CRS.
 TWLOTwilio, Inc., Class A | 3.00% | 1.56% | 1.56% |
|---|---|---|---|
 FTITechnipFMC PLC USD1 | 4.95% | 1.48% | 1.48% |
 CRSCarpenter Technology Corporation COM | 2.72% | 1.48% | 1.48% |
 UTHRUnited Therapeutics Corporation COM | 3.98% | 1.21% | 1.21% |
 RGLDRoyal Gold, Inc. COM | 2.38% | 0.95% | 0.95% |
 STRLSterling Infrastructure Inc COM | 2.61% | 0.88% | 0.88% |
 ILMNIllumina Inc COM | 3.55% | 0.84% | 0.84% |
 TLNTalen Energy Corporation COM | 2.22% | 0.82% | 0.82% |
 BWXTBWX Technologies Inc. COM | 2.35% | 0.81% | 0.81% |
 TXRHTexas Roadhouse Inc COM | 1.48% | 0.73% | 0.73% |
 MEDPMedpace Holdings Inc. COM | 2.54% | 0.70% | 0.70% |
 EXELExelixis, Inc. COM | 2.13% | 0.70% | 0.70% |
 PENPenumbra Inc. COM | 1.93% | 0.68% | 0.68% |
 ELANElanco Animal Health Inc COM | 1.44% | 0.64% | 0.64% |
 LECOLincoln Electric Holdings Inc. COM | 1.99% | 0.55% | 0.55% |
 HALOHalozyme Therapeutics Inc COM | 0.99% | 0.54% | 0.54% |
 NXTNextpower Inc. CLASS A COM | 2.53% | 0.51% | 0.51% |
 GMEDGlobus Medical, Inc., Class A | 1.28% | 0.49% | 0.49% |
 KNSLKinsale Capital Group Inc COM | 1.19% | 0.44% | 0.44% |
 DCIDonaldson Company Inc. | 1.30% | 0.41% | 0.41% |
 EVREvercore, Inc., Class A | 1.80% | 0.40% | 0.40% |
 RNRRenaissancere Holdings Ltd. COM USD1 | 1.72% | 0.38% | 0.38% |
 AMAntero Midstream Corporation COM | 0.85% | 0.38% | 0.38% |
 GGGGraco Inc COM | 1.52% | 0.37% | 0.37% |
 MANHManhattan Associates Inc COM | 1.79% | 0.37% | 0.37% |
Frequently Asked Questions
How much do XMHQ and MDYG overlap?
XMHQ and MDYG overlap by 25.3% of portfolio weight. They share 62 holdings (XMHQ holds 80 positions and MDYG holds 245), based on each fund's latest SEC-reported holdings.
Is it redundant to own both XMHQ and MDYG?
The two portfolios are 25.3% 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 MDYG?
The largest positions held by both funds are TWLO, FTI, CRS, UTHR and RGLD. Together the top 10 shared positions account for 43% of the total overlap.
What does XMHQ own that MDYG doesn't?
18 positions (14.4% of XMHQ) are unique to XMHQ, led by AA, FLR and 28T. In the other direction, 183 positions (74.6% of MDYG) are unique to MDYG.