QWLD holdings and overlap
State Street SPDR MSCI World StrategicFactors℠ ETF (QWLD) holds 1,225 positions in its SPDR file of 2026-10-27. Its three largest are Microsoft (MSFT) at 3.20%, Apple (AAPL) at 2.64% and Nvidia (NVDA) at 2.35%, and its ten largest make up 17.9% of the fund.
In its SPDR file of 2026-10-27, QWLD is 24.7% technology, 16.2% financials and 13.5% health care by sector (no sector found for 2.0%), with 14.1% in mega-cap tech and 14.9% in the ten largest US companies by market value. By country, 67.2% of QWLD is in the United States, 8.1% in Japan, 3.9% in the United Kingdom and 3.3% in Switzerland.
What does QWLD hold, as of its issuer file of 2026-10-27?
QWLD spreads its weight across 1225 positions, against a median of 653 across the 14 Global Large Blend funds with a page here. 149 of the 594 funds with a page hold MSFT, and QWLD gives it more weight than all but 107 of them.
| Rank | Company | Weight | Weight bar |
|---|---|---|---|
| 1 | MSFT Microsoft | 3.2% | |
| 2 | AAPL Apple | 2.64% | |
| 3 | NVDA Nvidia | 2.35% | |
| 4 | META Meta Platforms | 1.89% | |
| 5 | AVGO Broadcom | 1.52% | |
| 6 | LLY Eli Lilly | 1.5% | |
| 7 | JNJ Johnson & Johnson | 1.34% | |
| 8 | V Visa | 1.3% | |
| 9 | ASML.NL ASML Holding NV | 1.11% | |
| 10 | GOOGL Alphabet Class A | 1.0% | |
| 11 | CSCO Cisco | 0.96% | |
| 12 | XOM ExxonMobil | 0.92% | |
| 13 | GOOG Alphabet Class C | 0.89% | |
| 14 | PG Procter & Gamble | 0.84% | |
| 15 | BRK.B Berkshire Hathaway | 0.82% | |
| 16 | NOVN.CH Novartis AG | 0.81% | |
| 17 | MRK Merck | 0.8% | |
| 18 | KO Coca-Cola | 0.79% | |
| 19 | WMT Walmart | 0.78% | |
| 20 | COST Costco | 0.69% | |
| 21 | MA Mastercard | 0.66% | |
| 22 | PLTR Palantir Technologies | 0.62% | |
| 23 | AMAT Applied Materials | 0.58% | |
| 24 | JPM JPMorgan Chase | 0.57% | |
| 25 | PEP PepsiCo | 0.56% | |
| 26 | ROP.CH Roche Holding AG | 0.54% | |
| 27 | SAP.DE SAP SE | 0.53% | |
| 28 | DUK Duke Energy | 0.53% | |
| 29 | APH Amphenol | 0.53% | |
| 30 | AMZN Amazon | 0.52% | |
| 31 | VZ Verizon | 0.51% | |
| 32 | SO Southern | 0.49% | |
| 33 | LRCX Lam Research | 0.49% | |
| 34 | T AT&T | 0.48% | |
| 35 | MSI Motorola Solutions | 0.47% | |
| 36 | MCK McKesson | 0.47% | |
| 37 | TJX TJX Companies | 0.47% | |
| 38 | COR Cencora | 0.46% | |
| 39 | PGR Progressive | 0.44% | |
| 40 | GILD Gilead Sciences | 0.44% | |
| 41 | 4502.JP Takeda Pharmaceutical Co Ltd | 0.44% | |
| 42 | CB Chubb Limited | 0.43% | |
| 43 | VRTX Vertex Pharmaceuticals | 0.43% | |
| 44 | NESN.CH Nestle SA | 0.42% | |
| 45 | NFLX Netflix | 0.42% | |
| 46 | CVX Chevron | 0.41% | |
| 47 | TRV Travelers Companies | 0.41% | |
| 48 | SHEL.GB Shell PLC | 0.41% | |
| 49 | TXN Texas Instruments | 0.4% | |
| 50 | ACN Accenture | 0.39% | |
| 51 | CAT Caterpillar | 0.39% | |
| 52 | LMT Lockheed Martin | 0.39% | |
| 53 | 9433.JP KDDI Corp | 0.38% | |
| 54 | WM Waste Management | 0.38% | |
| 55 | MRSH Marsh McLennan | 0.38% | |
| 56 | CME CME Group | 0.38% | |
| 57 | AZN.GB Astrazeneca PLC | 0.37% | |
| 58 | RSG Republic Services | 0.36% | |
| 59 | ROP Roper Technologies | 0.34% | |
| 60 | 9434.JP Softbank Corp | 0.34% | |
| 61 | ED Consolidated Edison | 0.34% | |
| 62 | GE GE Aerospace | 0.33% | |
| 63 | WELL Welltower | 0.33% | |
| 64 | MCD McDonald's | 0.33% | |
| 65 | ZURN.CH Zurich Insurance Group AG | 0.32% | |
| 66 | UNH UnitedHealth Group | 0.32% | |
| 67 | ABBV AbbVie | 0.32% | |
| 68 | BAC Bank of America | 0.31% | |
| 69 | MNST Monster Beverage | 0.31% | |
| 70 | LIN Linde | 0.3% | |
| 71 | KR Kroger | 0.3% | |
| 72 | KLAC KLA | 0.29% | |
| 73 | ANET Arista Networks | 0.29% | |
| 74 | ABT Abbott Laboratories | 0.28% | |
| 75 | BHP.AU BHP Group Ltd | 0.28% | |
| 76 | 9432.JP NTT Inc | 0.28% | |
| 77 | TMUS T-Mobile US | 0.27% | |
| 78 | ULVR.GB Unilever PLC | 0.27% | |
| 79 | CL Colgate-Palmolive | 0.27% | |
| 80 | TTE.FR Totalenergies SE | 0.26% | |
| 81 | CRM Salesforce | 0.26% | |
| 82 | FTNT Fortinet | 0.26% | |
| 83 | ELV Elevance Health | 0.26% | |
| 84 | HSBA.GB HSBC Holdings PLC | 0.26% | |
| 85 | MDLZ Mondelez International | 0.25% | |
| 86 | ADBE Adobe | 0.25% | |
| 87 | UNP Union Pacific | 0.25% | |
| 88 | 6861.JP Keyence Corp | 0.25% | |
| 89 | ENI.IT Eni SPA | 0.25% | |
| 90 | WCN Waste Connections | 0.25% | |
| 91 | CSU.CA Constellation Software Inc | 0.24% | |
| 92 | ORA.FR Orange | 0.24% | |
| 93 | WFC Wells Fargo | 0.24% | |
| 94 | DTE.DE Deutsche Telekom AG | 0.24% | |
| 95 | TDY Teledyne Technologies | 0.24% | |
| 96 | ORLY O'Reilly Automotive | 0.24% | |
| 97 | NOVOB.DK Novo Nordisk A/S B | 0.23% | |
| 98 | NOC Northrop Grumman | 0.23% | |
| 99 | 6857.JP Advantest Corp | 0.23% | |
| 100 | D05.SG DBS Group Holdings Ltd | 0.23% |
The most recent file State Street SPDR has published for QWLD is dated 2026-10-27, 1 day before these prices, which is the median for the State Street SPDR ETFs covered here. Every one of the 1225 positions QWLD holds, with its weight, is in the fund's JSON file. See the other 148 ETFs with a page here that hold MSFT, and how their weights compare with the 3.2% QWLD gives it.
Category: Global Large Blend, set by TickerInside from the ETF's own latest file. In its file of 2026-10-27, 67% of its stocks are US companies and the rest are abroad; weighted by holding, they sit where 50% of their market's value is in larger companies (large: up to 78%); growth index funds hold 44% of their value against 48% for companies of the same sizes in the whole market (blend: within 10 points). How categories are set.
https://tickerinside.com/api/v1/fund/qwld.jsonhttps://tickerinside.com/api/v1/fund/qwld.csv=IMPORTDATA("https://tickerinside.com/api/v1/fund/qwld.csv")If your sheet uses a decimal comma: =IMPORTDATA("https://tickerinside.com/api/v1/fund/qwld.csv"; ","; "en_US")curl -s https://tickerinside.com/api/v1/fund/qwld.jsonHow much money went into or out of QWLD?
On the close of Friday, October 23, 2026, QWLD neither created nor redeemed shares. Over its last 5 closes, a net inflow of $0.
From QWLD's own holdings files. Every ETF's latest flows.
How is QWLD split by sector and country?
| Sector | Weight | Weight bar |
|---|---|---|
| Technology | 24.7% | |
| Financials | 16.2% | |
| Health care | 13.5% | |
| Industrials | 9.8% | |
| Communication services | 8.5% | |
| Consumer staples | 8.1% | |
| Consumer discretionary | 6.0% | |
| Energy | 4.4% | |
| Utilities | 3.5% | |
| Materials | 2.3% | |
| Real estate | 0.9% | |
| No sector found | 2.0% |
| Country | Weight | Weight bar |
|---|---|---|
| United States | 67.2% | |
| Japan | 8.1% | |
| United Kingdom | 3.9% | |
| Switzerland | 3.3% | |
| Canada | 3.0% | |
| France | 2.4% | |
| Germany | 2.2% | |
| Netherlands | 1.7% | |
| Australia | 1.6% | |
| Spain | 1.1% | |
| Other countries | 5.3% |
From its SPDR file of 2026-10-27. How these are measured.
What did QWLD hold in its SEC reports since 2019?
In QWLD's SEC filings, its largest position went from Apple Inc. (AAPL) at 2.53% on 2019-09-30 to Microsoft (MSFT) at 2.34% on 2026-06-30, across 28 quarterly reports.
| Report | Positions | Largest | Top 10 |
|---|---|---|---|
| 2019-09-30 | 1,106 | AAPL 2.53% | 14.1% |
| 2019-12-31 | 1,117 | AAPL 2.32% | 13.7% |
| 2020-12-31 | 1,185 | AAPL 2.32% | 14.4% |
| 2021-12-31 | 1,197 | AAPL 2.45% | 15.2% |
| 2022-12-31 | 1,185 | MSFT 2.30% | 14.7% |
| 2023-12-31 | 1,249 | MSFT 2.30% | 14.5% |
| 2024-12-31 | 1,367 | AAPL 2.65% | 16.0% |
| 2025-12-31 | 1,295 | MSFT 2.59% | 16.4% |
| 2026-06-30 | 1,260 | MSFT 2.34% | 16.9% |
The first report, then the last of each year, of the 28 reports QWLD filed on SEC Form N-PORT from 2019-09-30 to 2026-06-30, each company under its ticker today. Every position of every report is in its quarterly file, and at any date at /api/v1/history/qwld/{date}.json. How these are read.
What does QWLD duplicate?
The ETF nearest to QWLD is URTH: the two hold 66.4% of their weight in common, in the 1209 companies both own, and 99.7% of QWLD itself is also held there. Owning QWLD alongside the ETFs at the top of this table means about half of the weight is held twice. QWLD is close to contained in URTH.
| ETF | Overlap by weight | Of QWLD held there | Of that ETF in QWLD | Companies in both | Overlap bar |
|---|---|---|---|---|---|
| URTH | 66.4% | 99.7% | 99.0% | 1209 | |
| QUS | 64.6% | 67.6% | 99.9% | 493 | |
| TOK | 64.3% | 91.6% | 99.0% | 1044 | |
| ACWI | 62.2% | 99.7% | 88.0% | 1209 | |
| VT | 56.9% | 98.5% | 77.1% | 1179 | |
| KLMT | 55.8% | 74.6% | 89.5% | 432 | |
| SPGM | 55.0% | 83.9% | 82.8% | 725 | |
| PBUS | 53.9% | 67.6% | 99.2% | 492 | |
| XYLD | 52.8% | 66.1% | 98.5% | 438 | |
| CRBN | 52.7% | 77.9% | 87.9% | 700 | |
| SPY | 52.7% | 66.1% | 98.6% | 439 | |
| IVV | 52.7% | 66.1% | 98.6% | 438 |
VT's holdings are from its SEC Form N-PORT for the period ended 2026-07-31, filed 2026-09-28. The other ETFs' holdings are from their issuers' latest files. Check QWLD against any ETF in the ETF overlap calculator · how overlap is measured.
What adds something different to QWLD?
MCHI shares 0% of weight with QWLD and its weekly returns correlate with it at 0.42 over three years. The table lists the covered ETFs with the least in common with QWLD, least shared weight first and, among equals, lowest correlation.
| ETF | Name | Overlap by weight | Correlation, 3y | Companies in both |
|---|---|---|---|---|
| MCHI | iShares MSCI China ETF | 0.0% | 0.42 | 0 |
| SMIN | iShares MSCI India Small-Cap ETF | 0.0% | 0.45 | 0 |
| PFF | iShares Preferred and Income Securities ETF | 0.0% | 0.61 | 0 |
| XMLV | Invesco S&P MidCap Low Volatility ETF | 0.0% | 0.68 | 4 |
| XSMO | Invesco S&P SmallCap Momentum ETF | 0.0% | 0.71 | 0 |
| RWJ | Invesco S&P SmallCap 600 Revenue ETF | 0.0% | 0.74 | 0 |
| IJR | iShares Core S&P Small-Cap ETF | 0.0% | 0.76 | 0 |
| IWO | iShares Russell 2000 Growth ETF | 0.0% | 0.76 | 0 |
Cost, returns and risk
| Expense ratio | 0.30% |
|---|---|
| Dividend yield | 1.80% |
| Total return, 1 year | 14.4% |
| Total return, 3 years cumulative | 62.2% |
| Total return, 5 years cumulative | 58.1% |
| Volatility, annualised | 10.5% |
| Worst fall, 3 years | -9.5% |
| Beta against SPY, 3 years of weekly returns | 0.66 |
| Weight in the ten largest positions | 17.9% |
| Largest single position | 3.2% |
| Assets under management | $0.2B |
Expense ratio, yield and assets are reference data (the expense ratio from QWLD's SEC filing of 2026-01-23); the weight in the ten largest positions and the largest single position are from the issuer file of 2026-10-27; every other figure is computed here from weekly closes.
How it moves with the market
| Against | Correlation, 3 years | Covariance, annualised, in percent squared |
|---|---|---|
| SPY | 0.88usually in step | 127 |
| QQQ | 0.73often in step | 147 |
Weekly total returns. What the bands mean · why the covariance is printed.
Year by year
| Year | Total return |
|---|---|
| 2026 | 11.5% |
| 2025 | 17.9% |
| 2024 | 14.4% |
| 2023 | 19.6% |
| 2022 | -13.3% |
One year
Where to go next
- SDG, iShares MSCI Global Sustainable Development Goals ETF
- SPGM, State Street SPDR Portfolio MSCI Global Stock Market ETF
- URTH, iShares MSCI World ETF
- VT, Vanguard Total World Stock ETF
- Run a portfolio x-ray to see what QWLD carries once you look through it
- Compare QWLD against any other ETF in the builder
Holdings from the most recent file State Street SPDR has published, dated 2026-10-27. Prices through 2026-10-28. How every figure here is produced. Measurements, not investment advice.
Cite this page
TickerInside, State Street SPDR MSCI World StrategicFactors℠ ETF (QWLD), holdings from the issuer's file of 2026-10-27, https://tickerinside.com/etf/qwld/, CC BY 4.0
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