QQQ vs SPHQ overlap - what they share and where they differ
QQQ and SPHQ share 26.8% of their weight across 27 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.
QQQ and SPHQ
26.8%
27 shared positions
QQQ
Invesco QQQ Trust, Series 1
Reported positions cover 100% of the fund, 101 positions · Jun 30, 2026
Top 10: 47.8%·Holdings of QQQ
SPHQ
Invesco S&P 500 Quality ETF
Reported positions cover 100% of the fund, 100 positions · Jul 31, 2026
Top 10: 43.1%·Holdings of SPHQ
Reported positions cover QQQ 100%, SPHQ 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
SPHQ vs QQQ side by side
QQQInvesco QQQ Trust, Series 1
101
stock positions reported to the SEC
71.6% of its weight is in 74 names SPHQ does not hold
SPHQInvesco S&P 500 Quality ETF
100
stock positions reported to the SEC
50.9% of its weight is in 73 names QQQ does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: QQQ has 32.2 points more of it.
The figures side by side
| QQQ | SPHQ | |
|---|---|---|
| Filing date | Jun 30, 2026 | Jul 31, 2026 |
| Stock positions reported | 101 | 100 |
| Weight of the ten largest | 47.8% | 43.1% |
| Largest position | NVDA 7.6% | MA 5.8% |
| Held alone | 74 positions, 71.6% | 73 positions, 50.9% |
| Covered by stock positions | 100% | 100% |
Holdings they share
| Stock | In QQQ | In SPHQ | Counted |
|---|---|---|---|
| AAPLApple Inc. | 6.67% | 5.21% | 5.21% |
| AMATApplied Materials, Inc. | 2.49% | 2.63% | 2.49% |
| LRCXLam Research Corp. | 2.35% | 3.97% | 2.35% |
| CSCOCisco Systems, Inc. | 2.01% | 3.73% | 2.01% |
| COSTCostco Wholesale Corp. | 1.80% | 3.99% | 1.80% |
| KLACKLA Corp. | 1.71% | 2.37% | 1.71% |
| SNDKSandisk Corp. | 1.46% | 2.37% | 1.46% |
| NFLXNetflix, Inc. | 1.30% | 3.71% | 1.30% |
| TXNTexas Instruments Inc. | 1.17% | 2.21% | 1.17% |
| WDCWestern Digital Corp. | 0.95% | 3.08% | 0.95% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in QQQ
Only in SPHQ
Questions people ask
Is QQQ the same as SPHQ?
26.8% of their weight sits in the same 27 holdings. QQQ also reports NVDA, GOOGL, MU, which the other does not. SPHQ also reports MA, V, GEV, which the other does not.
How is the overlap between QQQ and SPHQ 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 QQQ and 100% of SPHQ, so the number cannot exceed the smaller coverage.
Which holds more, SPHQ or QQQ?
QQQ reports 101 stock positions and SPHQ reports 100. 71.6% of QQQ's weight sits in names SPHQ does not hold, and 50.9% of SPHQ's weight in names QQQ does not hold. The ten largest positions are 47.8% of QQQ and 43.1% of SPHQ.
How do QQQ and SPHQ differ by sector?
The widest gap is Technology: QQQ has 32.2 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.
Other pairs with these funds
QQQ against other funds in the table
Add a third fund in the tool·All fund pairs
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.