SPHQ vs XLI overlap - what they share and where they differ
SPHQ and XLI share 19.4% of their weight across 22 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.
SPHQ and XLI
19.4%
22 shared positions
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
XLI
State Street(R) Industrial Select Sector SPDR(R) ETF
Reported positions cover 100% of the fund, 81 positions · Jun 30, 2026
Top 10: 41.4%·Holdings of XLI
Reported positions cover SPHQ 100%, XLI 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
XLI vs SPHQ side by side
SPHQInvesco S&P 500 Quality ETF
100
stock positions reported to the SEC
80.6% of its weight is in 78 names XLI does not hold
XLIState Street(R) Industrial Select Sector SPDR(R) ETF
81
stock positions reported to the SEC
68.0% of its weight is in 59 names SPHQ does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Industrials: XLI has 66.2 points more of it.
The figures side by side
| SPHQ | XLI | |
|---|---|---|
| Filing date | Jul 31, 2026 | Jun 30, 2026 |
| Stock positions reported | 100 | 81 |
| Weight of the ten largest | 43.1% | 41.4% |
| Largest position | MA 5.8% | CAT 8.5% |
| Held alone | 78 positions, 80.6% | 59 positions, 68.0% |
| Covered by stock positions | 100% | 100% |
Holdings they share
| Stock | In SPHQ | In XLI | Counted |
|---|---|---|---|
| GEVGE Vernova Inc. | 4.13% | 5.48% | 4.13% |
| GEGeneral Electric Co. | 3.95% | 6.77% | 3.95% |
| LMTLockheed Martin Corp. | 1.10% | 1.79% | 1.10% |
| PHParker-Hannifin Corp. | 1.07% | 2.14% | 1.07% |
| ADPAutomatic Data Processing, Inc. | 1.04% | 1.55% | 1.04% |
| JCIJohnson Controls International PLC | 0.95% | 1.55% | 0.95% |
| TTTrane Technologies PLC | 0.92% | 1.88% | 0.92% |
| MMM3M Co. | 0.84% | 1.47% | 0.84% |
| ITWIllinois Tool Works Inc. | 0.81% | 1.23% | 0.81% |
| CTASCintas Corp. | 0.64% | 1.00% | 0.64% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in SPHQ
Only in XLI
Questions people ask
Is SPHQ the same as XLI?
19.4% of their weight sits in the same 22 holdings. SPHQ also reports MA, V, AAPL, which the other does not. XLI also reports CAT, RTX, BA, which the other does not.
How is the overlap between SPHQ and XLI 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 SPHQ and 100% of XLI, so the number cannot exceed the smaller coverage.
Which holds more, XLI or SPHQ?
SPHQ reports 100 stock positions and XLI reports 81. 80.6% of SPHQ's weight sits in names XLI does not hold, and 68.0% of XLI's weight in names SPHQ does not hold. The ten largest positions are 43.1% of SPHQ and 41.4% of XLI.
How do SPHQ and XLI differ by sector?
The widest gap is Industrials: XLI has 66.2 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.
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.