Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
QQQM vs XLI: how they differ
QQQM and XLI hold 3% of their weight in the same names, and QQQM returned more over the year.
Invesco NASDAQ 100 ETF and State Street(R) Industrial Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, QQQM and XLI hold 3% of their money in the same securities at the same weight.
| Holding | QQQM | XLI |
|---|---|---|
| Automatic Data Processing Inc | 0.47% | 1.98% |
| CSX Corp | 0.41% | 1.70% |
| Cintas Corp | 0.35% | 1.26% |
| PACCAR Inc | 0.29% | 1.21% |
| Honeywell International Inc | 0.28% | 1.20% |
| Fastenal Co | 0.25% | 1.05% |
| Honeywell Aerospace Inc | 0.22% | 0.91% |
| Paychex Inc | 0.18% | 0.69% |
| Axon Enterprise Inc | 0.17% | 0.72% |
| Old Dominion Freight Line Inc | 0.17% | 0.62% |
| Copart Inc | 0.13% | 0.51% |
| Only in QQQM | Only in XLI |
|---|---|
| NVIDIA Corp 8.52% | CATERPILLAR INC 6.92% |
| Apple Inc 7.72% | GENERAL ELECTRIC 6.32% |
| Microsoft Corp 5.89% | RTX CORP 4.98% |
| Micron Technology Inc 4.90% | GE VERNOVA INC 4.64% |
| Amazon.com Inc 4.36% | DEERE + CO 3.18% |
| Advanced Micro Devices Inc 3.65% | UNION PACIFIC CORP 3.17% |
| Alphabet Inc 3.12% | BOEING CO/THE 3.02% |
| Meta Platforms Inc 3.07% | EATON CORP PLC 2.97% |
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 | XLI State Street(R) Industrial Select Sector SPDR(R) ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Invesco | State Street |
| What it is | Nasdaq-100 | Industrials |
| Total return, 1 year | +23.0% | +14.3% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +5.5 pts | −3.3 pts |
| Expense ratio | 0.15% | 0.08% |
| Already in the S&P 500 | 96.7% | 100.0% |
| Holdings | 106 | 85 |
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.
XLI in plain words
XLI is an index equity fund tracking the Industrials. Over the year to Sep 11, 2026 it returned +14.3% 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 85 positions, with the top ten at 40.2%. It sat 7.6% below its high of Aug 14, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, QQQM or XLI?
- In the year to Sep 13, 2026, with distributions reinvested, QQQM returned +23.0% and XLI returned +14.3%, so QQQM returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, QQQM or XLI?
- QQQM charges 0.15% a year and XLI charges 0.08%, so XLI is cheaper. Fees come from each fund's prospectus.
- How much do QQQM and XLI overlap with the S&P 500?
- By their latest filed holdings, 97% of QQQM and 100% of XLI by weight is stocks the S&P 500 already holds. Between the two funds, 3% of their books are the same securities at the same weight.
Other comparisons
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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 XLI, data as of Sep 13, 2026. https://etfiq.com/compare/any/qqqm-vs-xli Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources