QQQM vs SPMO ETF holdings comparison
Invesco NASDAQ 100 ETF (QQQM) · Invesco S&P 500 Momentum ETF (SPMO)
QQQM and SPMO overlap by 42.5% by portfolio weight. The remaining 57.5 percentage points are not counted as shared holdings weight by this calculation. They share 21 stocks; the largest shared position is NVIDIA Corp. (NVDA), contributing 8.13% to the overlap.
What this means
QQQM and SPMO share a material portion of their portfolio weight in the same underlying stocks. OverlapCheck labels this "moderate holdings overlap" using house ranges of 70% or more, 30% to under 70%, and under 30%. These descriptive ranges are not industry standards or investment guidance. Holdings overlap does not measure correlation, volatility, geographic or factor exposure, fees, or suitability.
Overlap by weight sums the smaller of the two funds' weights for every stock they both hold. It answers "how much of my money is in the same stocks either way?" See methodology.
This comparison covers normalized equity positions represented in the dataset. Cash, derivatives, options, structured notes, and other non-equity assets are not included, so the result is not a complete comparison of every asset or risk in either fund.
Top shared holdings
| Company | Ticker | in QQQM | in SPMO |
|---|---|---|---|
| NVIDIA Corp. | NVDA | 8.13% | 8.46% |
| Micron Technology, Inc. | MU | 4.78% | 10.73% |
| Advanced Micro Devices, Inc. | AMD | 3.68% | 4.14% |
| Alphabet Inc. | GOOGL | 3.51% | 4.81% |
| Broadcom Inc. | AVGO | 3.36% | 7.58% |
| Alphabet Inc. | GOOG | 3.24% | 3.82% |
| Intel Corp. | INTC | 2.51% | 2.95% |
| Cisco Systems, Inc. | CSCO | 2.08% | 2.02% |
| Lam Research Corp. | LRCX | 1.74% | 3.54% |
| Applied Materials, Inc. | AMAT | 1.56% | 1.77% |
Holdings only in QQQM or SPMO
QQQM has 80 fund-only positions representing approximately 56.8 percentage points of reported exposure; SPMO has 78 fund-only positions representing approximately 38.5 percentage points of reported exposure. These are positions whose normalized security identifiers appear in one issuer file but not the other.
Largest positions only in QQQM
| Company | Ticker | Weight |
|---|---|---|
| Apple Inc. | AAPL | 7.26% |
| Microsoft Corp. | MSFT | 5.30% |
| Amazon.com, Inc. | AMZN | 4.60% |
| Tesla, Inc. | TSLA | 3.45% |
| Meta Platforms, Inc. | META | 2.96% |
| Walmart Inc. | WMT | 2.47% |
| Costco Wholesale Corp. | COST | 1.86% |
| Netflix, Inc. | NFLX | 1.59% |
| Texas Instruments Inc. | TXN | 1.21% |
| QUALCOMM Inc. | QCOM | 1.17% |
Largest positions only in SPMO
| Company | Ticker | Weight |
|---|---|---|
| Johnson & Johnson | JNJ | 3.85% |
| Exxon Mobil Corp. | XOM | 2.78% |
| Caterpillar Inc. | CAT | 2.60% |
| General Electric Co. | GE | 1.64% |
| Goldman Sachs Group, Inc. (The) | GS | 1.43% |
| RTX Corp. | RTX | 1.40% |
| GE Vernova Inc. | GEV | 1.33% |
| Amphenol Corp. | APH | 1.30% |
| Philip Morris International Inc. | PM | 1.29% |
| Coca-Cola Co. (The) | KO | 1.21% |
FAQ
How much do QQQM and SPMO overlap?
QQQM and SPMO have 42.5% overlap by weight, sharing 21 equity positions (out of 101 in QQQM and 99 in SPMO). The official holdings files used are dated 2026-05-31 for QQQM and 2026-05-31 for SPMO.
What does 42.5% overlap mean?
QQQM and SPMO share a material portion of their portfolio weight in the same underlying stocks. OverlapCheck labels this "moderate holdings overlap" using house ranges of 70% or more, 30% to under 70%, and under 30%. These descriptive ranges are not industry standards or investment guidance. Holdings overlap does not measure correlation, volatility, geographic or factor exposure, fees, or suitability.
Which stocks do QQQM and SPMO both hold?
The largest shared positions are NVIDIA Corp., Micron Technology, Inc., Advanced Micro Devices, Inc., Alphabet Inc., Broadcom Inc.. The top shared holdings with weights in each fund are shown on this page.
What holdings are different between QQQM and SPMO?
QQQM has 80 positions not found in SPMO, while SPMO has 78 positions not found in QQQM. The largest fund-only positions and their weights are shown on this page.