SPHQ vs XLI overlap - what they share and where they differ
SPHQ and XLI share 17.8% 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
17.8%
22 shared positions
SPHQ
Invesco S&P 500 Quality ETF
Reported positions cover 100% of the fund, 99 positions · Apr 30, 2026
Top 10: 40.7%·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
99
stock positions reported to the SEC
82.0% of its weight is in 77 names XLI does not hold
XLIState Street(R) Industrial Select Sector SPDR(R) ETF
81
stock positions reported to the SEC
68.7% 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 35.9 points more of it.
The figures side by side
| SPHQ | XLI | |
|---|---|---|
| Filing date | Apr 30, 2026 | Jun 30, 2026 |
| Stock positions reported | 99 | 81 |
| Weight of the ten largest | 40.7% | 41.4% |
| Largest position | COST 4.8% | CAT 8.5% |
| Held alone | 77 positions, 82.0% | 59 positions, 68.7% |
| Covered by stock positions | 100% | 100% |
Holdings they share
| Stock | In SPHQ | In XLI | Counted |
|---|---|---|---|
| CATCaterpillar Inc. | 3.78% | 8.51% | 3.78% |
| GEVGE Vernova Inc. | 3.15% | 5.48% | 3.15% |
| TTTrane Technologies PLC | 1.29% | 1.88% | 1.29% |
| MMM3M Co. | 1.17% | 1.47% | 1.17% |
| PHParker-Hannifin Corp. | 1.08% | 2.14% | 1.08% |
| JCIJohnson Controls International PLC | 1.05% | 1.55% | 1.05% |
| ITWIllinois Tool Works Inc. | 0.94% | 1.23% | 0.94% |
| UPSUnited Parcel Service, Inc. | 0.85% | 1.39% | 0.85% |
| CTASCintas Corp. | 0.62% | 1.00% | 0.62% |
| AMEAMETEK, Inc. | 0.53% | 0.96% | 0.53% |
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?
17.8% of their weight sits in the same 22 holdings. SPHQ also reports COST, V, AAPL, which the other does not. XLI also reports GENERAL ELECTRIC CO, 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 99 stock positions and XLI reports 81. 82.0% of SPHQ's weight sits in names XLI does not hold, and 68.7% of XLI's weight in names SPHQ does not hold. The ten largest positions are 40.7% of SPHQ and 41.4% of XLI.
How do SPHQ and XLI differ by sector?
The widest gap is Industrials: XLI has 35.9 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.