Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
QQQ vs SPMO: how they differ
QQQ and SPMO hold 43% of their weight in the same names, and SPMO returned more over the year.
Invesco QQQ Trust and Invesco S&P 500 Momentum ETF.
What they hold in common
By the books each fund has filed, QQQ and SPMO hold 43% of their money in the same securities at the same weight.
| Holding | QQQ | SPMO |
|---|---|---|
| NVIDIA Corp. | 8.16% | 8.46% |
| Micron Technology, Inc. | 4.80% | 10.72% |
| Advanced Micro Devices, Inc. | 3.70% | 4.14% |
| Alphabet Inc. | 3.52% | 4.81% |
| Broadcom Inc. | 3.37% | 7.58% |
| Alphabet Inc. | 3.26% | 3.81% |
| Intel Corp. | 2.52% | 2.95% |
| Cisco Systems, Inc. | 2.09% | 2.02% |
| Lam Research Corp. | 1.75% | 3.54% |
| Applied Materials, Inc. | 1.57% | 1.77% |
| Palantir Technologies Inc. | 1.58% | 1.39% |
| KLA Corp. | 1.11% | 1.39% |
| Only in QQQ | Only in SPMO |
|---|---|
| Apple Inc. 7.29% | Johnson & Johnson 3.85% |
| Microsoft Corp. 5.32% | Exxon Mobil Corp. 2.78% |
| Amazon.com, Inc. 4.62% | Caterpillar Inc. 2.60% |
| Tesla, Inc. 3.46% | General Electric Co. 1.63% |
| Meta Platforms, Inc. 2.97% | Goldman Sachs Group, Inc. (The) 1.43% |
| Walmart Inc. 2.48% | RTX Corp. 1.40% |
| Costco Wholesale Corp. 1.86% | GE Vernova Inc. 1.33% |
| Netflix, Inc. 1.59% | Amphenol Corp. 1.30% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026.
| QQQ Invesco QQQ Trust | SPMO Invesco S&P 500 Momentum ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Invesco | Invesco |
| What it is | Nasdaq-100, book from QQQM | S&P 500 Momentum |
| Total return, 1 year | +23.0% | +24.5% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +5.5 pts | +7.0 pts |
| Expense ratio | 0.18% | 0.13% |
| Already in the S&P 500 | 96.7% | 100.0% |
| Holdings | 101 | 99 |
QQQ in plain words
QQQ is an index equity fund tracking the Nasdaq-100. Over the year to Sep 11, 2026 it returned +23.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.18% a year. By its holdings filed for May 31, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 101 positions, with the top ten at 47.5%. It sat 4.1% below its high of Jun 2, 2026 on Sep 11, 2026.
SPMO in plain words
SPMO is an index equity fund tracking the S&P 500 Momentum. Over the year to Sep 11, 2026 it returned +24.5% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.13% a year. By its holdings filed for May 31, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 99 positions, with the top ten at 52.6%. It sat 8.3% below its high of Jun 22, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, QQQ or SPMO?
- In the year to Sep 12, 2026, with distributions reinvested, QQQ returned +23.0% and SPMO returned +24.5%, so SPMO returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, QQQ or SPMO?
- QQQ charges 0.18% a year and SPMO charges 0.13%, so SPMO is cheaper. Fees come from each fund's prospectus.
- How much do QQQ and SPMO overlap with the S&P 500?
- By their latest filed holdings, 97% of QQQ and 100% of SPMO by weight is stocks the S&P 500 already holds. Between the two funds, 43% of their books are the same securities at the same weight.
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Where these figures came from
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Cite this page. ETFIQ, QQQ against SPMO, data as of Sep 12, 2026. https://etfiq.com/compare/any/QQQ-SPMO Free to use with attribution; the underlying files are at Open data.
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