SPHQ vs XLK overlap - what they share and where they differ
SPHQ and XLK share 26.3% of their weight across 25 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 XLK
26.3%
25 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
XLK
State Street(R) Technology Select Sector SPDR(R) ETF
Reported positions cover 100% of the fund, 74 positions · Jun 30, 2026
Top 10: 64.5%·Holdings of XLK
Reported positions cover SPHQ 100%, XLK 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
XLK vs SPHQ side by side
SPHQInvesco S&P 500 Quality ETF
100
stock positions reported to the SEC
62.6% of its weight is in 75 names XLK does not hold
XLKState Street(R) Technology Select Sector SPDR(R) ETF
74
stock positions reported to the SEC
65.4% of its weight is in 49 names SPHQ does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: XLK has 59.5 points more of it.
The figures side by side
| SPHQ | XLK | |
|---|---|---|
| Filing date | Jul 31, 2026 | Jun 30, 2026 |
| Stock positions reported | 100 | 74 |
| Weight of the ten largest | 43.1% | 64.5% |
| Largest position | MA 5.8% | NVDA 14.7% |
| Held alone | 75 positions, 62.6% | 49 positions, 65.4% |
| Covered by stock positions | 100% | 100% |
Holdings they share
| Stock | In SPHQ | In XLK | Counted |
|---|---|---|---|
| AAPLApple Inc. | 5.21% | 12.85% | 5.21% |
| LRCXLam Research Corp. | 3.97% | 3.02% | 3.02% |
| AMATApplied Materials, Inc. | 2.63% | 3.20% | 2.63% |
| CSCOCisco Systems, Inc. | 3.73% | 2.58% | 2.58% |
| KLACKLA Corp. | 2.37% | 2.20% | 2.20% |
| SNDKSandisk Corp. | 2.37% | 1.88% | 1.88% |
| TXNTexas Instruments Inc. | 2.21% | 1.51% | 1.51% |
| WDCWestern Digital Corp. | 3.08% | 1.23% | 1.23% |
| STXSeagate Technology Holdings PLC | 1.50% | 1.21% | 1.21% |
| QCOMQUALCOMM Inc. | 2.05% | 1.09% | 1.09% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in SPHQ
Only in XLK
Questions people ask
Is SPHQ the same as XLK?
26.3% of their weight sits in the same 25 holdings. SPHQ also reports MA, V, GEV, which the other does not. XLK also reports NVDA, MSFT, MU, which the other does not.
How is the overlap between SPHQ and XLK 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 XLK, so the number cannot exceed the smaller coverage.
Which holds more, XLK or SPHQ?
SPHQ reports 100 stock positions and XLK reports 74. 62.6% of SPHQ's weight sits in names XLK does not hold, and 65.4% of XLK's weight in names SPHQ does not hold. The ten largest positions are 43.1% of SPHQ and 64.5% of XLK.
How do SPHQ and XLK differ by sector?
The widest gap is Technology: XLK has 59.5 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.
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.