QQQM vs SPHQ overlap - what they share and where they differ
QQQM and SPHQ share 25.2% 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.
QQQM and SPHQ
25.2%
27 shared positions
QQQM
Invesco NASDAQ 100 ETF
Reported positions cover 100% of the fund, 100 positions · May 31, 2026
Top 10: 50.3%·Holdings of QQQM
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 QQQM 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 QQQM side by side
QQQMInvesco NASDAQ 100 ETF
100
stock positions reported to the SEC
72.3% of its weight is in 73 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 QQQM does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: QQQM has 31.0 points more of it.
The figures side by side
| QQQM | SPHQ | |
|---|---|---|
| Filing date | May 31, 2026 | Jul 31, 2026 |
| Stock positions reported | 100 | 100 |
| Weight of the ten largest | 50.3% | 43.1% |
| Largest position | NVDA 8.1% | MA 5.8% |
| Held alone | 73 positions, 72.3% | 73 positions, 50.9% |
| Covered by stock positions | 100% | 100% |
Holdings they share
| Stock | In QQQM | In SPHQ | Counted |
|---|---|---|---|
| AAPLApple Inc. | 7.26% | 5.21% | 5.21% |
| CSCOCisco Systems, Inc. | 2.08% | 3.73% | 2.08% |
| COSTCostco Wholesale Corp. | 1.86% | 3.99% | 1.86% |
| LRCXLam Research Corp. | 1.74% | 3.97% | 1.74% |
| NFLXNetflix, Inc. | 1.59% | 3.71% | 1.59% |
| AMATApplied Materials, Inc. | 1.56% | 2.63% | 1.56% |
| TXNTexas Instruments Inc. | 1.21% | 2.21% | 1.21% |
| QCOMQUALCOMM Inc. | 1.17% | 2.05% | 1.17% |
| KLACKLA Corp. | 1.10% | 2.37% | 1.10% |
| SNDKSandisk Corp. | 1.09% | 2.37% | 1.09% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in QQQM
Only in SPHQ
Questions people ask
Is QQQM the same as SPHQ?
25.2% of their weight sits in the same 27 holdings. QQQM also reports NVDA, GOOGL, MSFT, which the other does not. SPHQ also reports MA, V, GEV, which the other does not.
How is the overlap between QQQM 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 QQQM and 100% of SPHQ, so the number cannot exceed the smaller coverage.
Which holds more, SPHQ or QQQM?
QQQM reports 100 stock positions and SPHQ reports 100. 72.3% of QQQM's weight sits in names SPHQ does not hold, and 50.9% of SPHQ's weight in names QQQM does not hold. The ten largest positions are 50.3% of QQQM and 43.1% of SPHQ.
How do QQQM and SPHQ differ by sector?
The widest gap is Technology: QQQM has 31.0 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
QQQM 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.