CQQQ vs SPEM overlap - what they share and where they differ
CQQQ and SPEM share 7.6% of their weight across 123 common positions, read from what each fund reported to the SEC.
Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.
CQQQ and SPEM
7.6%
123 shared positions
CQQQ
Invesco China Technology ETF
Reported positions cover 100% of the fund, 170 positions · Jul 31, 2026
Top 10: 59.2%·Holdings of CQQQ
SPEM
State Street(R) SPDR(R) Portfolio Emerging Markets ETF
Reported positions cover 100% of the fund, 2,718 positions · Jun 30, 2026
Top 10: 26.7%·Holdings of SPEM
Reported positions cover CQQQ 100%, SPEM 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
SPEM vs CQQQ side by side
CQQQInvesco China Technology ETF
170
stock positions reported to the SEC
8.7% of its weight is in 47 names SPEM does not hold
SPEMState Street(R) SPDR(R) Portfolio Emerging Markets ETF
2,718
stock positions reported to the SEC
92.0% of its weight is in 2,595 names CQQQ does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: CQQQ has 5.5 points more of it.
The figures side by side
| CQQQ | SPEM | |
|---|---|---|
| Filing date | Jul 31, 2026 | Jun 30, 2026 |
| Stock positions reported | 170 | 2,718 |
| Weight of the ten largest | 59.2% | 26.7% |
| Largest position | MEITUAN 12.2% | TSM 14.7% |
| Held alone | 47 positions, 8.7% | 2,595 positions, 92.0% |
| Covered by stock positions | 100% | 100% |
Holdings they share
| Stock | In CQQQ | In SPEM | Counted |
|---|---|---|---|
| TENCENT HOLDINGS LIMITEDTencent Holdings Ltd. | 10.58% | 2.74% | 2.74% |
| SUGPSuzhou Anjie Technology Co., Ltd. | 2.72% | 1.14% | 1.14% |
| PDDPDD Holdings Inc. | 11.12% | 0.46% | 0.46% |
| MEITUAN | 12.17% | 0.36% | 0.36% |
| BIDUBaidu, Inc. | 8.39% | 0.27% | 0.27% |
| INHDInnoScience (Suzhou) Technology Holding Co., Ltd. | 0.42% | 0.23% | 0.23% |
| HUA HONG GRACE SEMICONDUCTOR LIMITEDHua Hong Grace Semiconductor Ltd. | 3.60% | 0.15% | 0.15% |
| HANGZHOU CHANG CHUAN TECHNOLOGY CO LTDHangzhou Chang Chuan Technology Co., Ltd. | 0.48% | 0.13% | 0.13% |
| KINGBOARD LAMINATES HOLDINGS LIMITEDKingboard Laminates Holdings Ltd. | 1.23% | 0.12% | 0.12% |
| KUAISHOU TECHNOLOGY | 4.91% | 0.11% | 0.11% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in CQQQ
Only in SPEM
Questions people ask
Is CQQQ the same as SPEM?
7.6% of their weight sits in the same 123 holdings. CQQQ also reports SENSETIME GROUP INC, ADVANCED MICRO-FABRICATION EQUIPMENT INC, CHAOZHOU THREE-CIRCLE (GROUP) CO LTD, which the other does not. SPEM also reports TSM, MEDIATEK INC., BABA, which the other does not.
How is the overlap between CQQQ and SPEM measured?
For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 100% of CQQQ and 100% of SPEM, so the number cannot exceed the smaller coverage.
Which holds more, SPEM or CQQQ?
CQQQ reports 170 stock positions and SPEM reports 2,718. 8.7% of CQQQ's weight sits in names SPEM does not hold, and 92.0% of SPEM's weight in names CQQQ does not hold. The ten largest positions are 59.2% of CQQQ and 26.7% of SPEM.
How do CQQQ and SPEM differ by sector?
The widest gap is Technology: CQQQ has 5.5 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.
Where do the numbers come from?
From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.
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Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.