Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
QQQM vs XLB: how they differ
QQQM and XLB hold 1% of their weight in the same names, and QQQM returned more over the year.
Invesco NASDAQ 100 ETF and State Street(R) Materials Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, QQQM and XLB hold 1% of their money in the same securities at the same weight.
| Holding | QQQM | XLB |
|---|---|---|
| Linde PLC | 0.95% | 12.91% |
| Only in QQQM | Only in XLB |
|---|---|
| NVIDIA Corp 8.52% | NEWMONT CORP 8.14% |
| Apple Inc 7.72% | FREEPORT MCMORAN INC 6.19% |
| Microsoft Corp 5.89% | CORTEVA INC 5.11% |
| Micron Technology Inc 4.90% | AIR PRODUCTS + CHEMICALS INC 4.78% |
| Amazon.com Inc 4.36% | ECOLAB INC 4.75% |
| Advanced Micro Devices Inc 3.65% | SHERWIN WILLIAMS CO/THE 4.70% |
| Alphabet Inc 3.12% | NUCOR CORP 4.59% |
| Meta Platforms Inc 3.07% | VULCAN MATERIALS CO 4.13% |
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 Sep 10, 2026.
| QQQM Invesco NASDAQ 100 ETF | XLB State Street(R) Materials Select Sector SPDR(R) ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Invesco | State Street |
| What it is | Nasdaq-100 | Materials |
| Total return, 1 year | +23.0% | +12.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +5.5 pts | −5.5 pts |
| Expense ratio | 0.15% | 0.08% |
| Already in the S&P 500 | 96.7% | 100.0% |
| Holdings | 106 | 27 |
QQQM in plain words
QQQM 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 0.15% a year. By its holdings filed for Sep 10, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 106 positions, with the top ten at 47.1%. It sat 4.1% below its high of Jun 2, 2026 on Sep 11, 2026.
XLB in plain words
XLB is an index equity fund tracking the Materials. Over the year to Sep 11, 2026 it returned +12.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.08% a year. By its holdings filed for Sep 10, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 27 positions, with the top ten at 59.4%. It sat 5.1% below its high of Aug 26, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, QQQM or XLB?
- In the year to Sep 13, 2026, with distributions reinvested, QQQM returned +23.0% and XLB returned +12.0%, so QQQM returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, QQQM or XLB?
- QQQM charges 0.15% a year and XLB charges 0.08%, so XLB is cheaper. Fees come from each fund's prospectus.
- How much do QQQM and XLB overlap with the S&P 500?
- By their latest filed holdings, 97% of QQQM and 100% of XLB by weight is stocks the S&P 500 already holds. Between the two funds, 1% of their books are the same securities at the same weight.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, QQQM against XLB, data as of Sep 13, 2026. https://etfiq.com/compare/any/qqqm-vs-xlb Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources