Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
FNDX vs SPHQ: how they differ
FNDX and SPHQ hold 16% of their weight in the same names, and FNDX returned more over the year.
Schwab Fundamental U.S. Large Company ETF and Invesco S&P 500 Quality ETF.
What they hold in common
By the books each fund has filed, FNDX and SPHQ hold 16% of their money in the same securities at the same weight.
| Holding | FNDX | SPHQ |
|---|---|---|
| Apple Inc | 4.64% | 4.51% |
| Cisco Systems Inc | 0.90% | 3.54% |
| Merck & Co Inc | 0.68% | 2.87% |
| Procter & Gamble Co/The | 0.66% | 3.46% |
| Caterpillar Inc | 0.60% | 3.78% |
| Costco Wholesale Corp | 0.53% | 4.82% |
| QUALCOMM Inc | 0.53% | 2.03% |
| Applied Materials Inc | 0.47% | 2.80% |
| Lam Research Corp | 0.41% | 4.10% |
| United Parcel Service Inc | 0.36% | 0.85% |
| Coca-Cola Co/The | 0.34% | 3.34% |
| Visa Inc | 0.33% | 4.69% |
| Only in FNDX | Only in SPHQ |
|---|---|
| Intel Corp 2.57% | Eaton Corp. PLC 1.65% |
| Alphabet Inc 2.38% | AppLovin Corp. 1.56% |
| Microsoft Corp 2.33% | Trane Technologies PLC 1.30% |
| Exxon Mobil Corp 2.29% | Johnson Controls International PLC 1.05% |
| Alphabet Inc 1.90% | Accenture PLC 1.04% |
| Amazon.com Inc 1.86% | Arch Capital Group Ltd. 0.34% |
| Micron Technology Inc 1.60% | Steris PLC 0.25% |
| Chevron Corp 1.49% | Tyler Technologies, Inc. 0.15% |
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 Apr 30, 2026 and May 31, 2026.
| FNDX Schwab Fundamental U.S. Large Company ETF | SPHQ Invesco S&P 500 Quality ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Schwab | Invesco |
| What it is | Fundamental U.S. Large Company | S&P 500 Quality |
| Total return, 1 year | +26.1% | +17.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +8.6 pts | −0.1 pts |
| Expense ratio | 0.25% | 0.15% |
| Already in the S&P 500 | 91.2% | 99.9% |
| Holdings | 733 | 99 |
FNDX in plain words
FNDX is an index equity fund tracking the Fundamental U.S. Large Company. Over the year to Sep 11, 2026 it returned +26.1% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.25% a year. By its holdings filed for May 31, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 733 positions, with the top ten at 22.5%.
SPHQ in plain words
SPHQ is an index equity fund tracking the S&P 500 Quality. Over the year to Sep 11, 2026 it returned +17.4% 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 Apr 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 99 positions, with the top ten at 40.7%. It sat 6.1% below its high of Jun 30, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, FNDX or SPHQ?
- In the year to Sep 12, 2026, with distributions reinvested, FNDX returned +26.1% and SPHQ returned +17.4%, so FNDX returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, FNDX or SPHQ?
- FNDX charges 0.25% a year and SPHQ charges 0.15%, so SPHQ is cheaper. Fees come from each fund's prospectus.
- How much do FNDX and SPHQ overlap with the S&P 500?
- By their latest filed holdings, 91% of FNDX and 100% of SPHQ by weight is stocks the S&P 500 already holds. Between the two funds, 16% 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, FNDX against SPHQ, data as of Sep 12, 2026. https://etfiq.com/compare/any/FNDX-SPHQ Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources