Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
IWB vs SPHQ: how they differ
IWB and SPHQ hold 19% of their weight in the same names, and SPHQ returned more over the year.
iShares Russell 1000 ETF and Invesco S&P 500 Quality ETF.
What they hold in common
By the books each fund has filed, IWB and SPHQ hold 19% of their money in the same securities at the same weight.
| Holding | IWB | SPHQ |
|---|---|---|
| APPLE INC. | 6.03% | 4.51% |
| APPLIED MATERIALS, INC. | 0.83% | 2.80% |
| VISA INC. | 0.82% | 4.69% |
| LAM RESEARCH CORPORATION | 0.78% | 4.10% |
| CATERPILLAR INC. | 0.70% | 3.78% |
| CISCO SYSTEMS, INC. | 0.67% | 3.54% |
| COSTCO WHOLESALE CORPORATION | 0.60% | 4.82% |
| MASTERCARD INCORPORATED | 0.60% | 4.32% |
| KLA CORPORATION | 0.57% | 3.27% |
| GENERAL ELECTRIC COMPANY | 0.56% | 4.16% |
| THE PROCTER & GAMBLE COMPANY | 0.49% | 3.46% |
| MERCK & CO., INC. | 0.46% | 2.87% |
| Only in IWB | Only in SPHQ |
|---|---|
| NVIDIA CORPORATION 6.73% | Erie Indemnity Co. 0.07% |
| MICROSOFT CORPORATION 4.00% | |
| AMAZON.COM, INC. 3.33% | |
| ALPHABET INC. 3.00% | |
| BROADCOM INC. 2.54% | |
| ALPHABET INC. 2.42% | |
| MICRON TECHNOLOGY, INC. 1.88% | |
| META PLATFORMS, INC. 1.79% |
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 Jun 30, 2026.
| IWB iShares Russell 1000 ETF | SPHQ Invesco S&P 500 Quality ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Invesco |
| What it is | Russell 1000 | S&P 500 Quality |
| Total return, 1 year | +16.7% | +17.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −0.8 pts | −0.1 pts |
| Expense ratio | 0.15% | 0.15% |
| Already in the S&P 500 | 91.9% | 99.9% |
| Holdings | 1024 | 99 |
IWB in plain words
IWB is an index equity fund tracking the Russell 1000. Over the year to Sep 11, 2026 it returned +16.7% 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 Jun 30, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 1024 positions, with the top ten at 33.5%.
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. 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, IWB or SPHQ?
- In the year to Sep 12, 2026, with distributions reinvested, IWB returned +16.7% and SPHQ returned +17.4%, so SPHQ returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, IWB or SPHQ?
- IWB charges 0.15% a year and SPHQ charges 0.15%, so IWB is cheaper. Fees come from each fund's prospectus.
- How much do IWB and SPHQ overlap with the S&P 500?
- By their latest filed holdings, 92% of IWB and 100% of SPHQ by weight is stocks the S&P 500 already holds. Between the two funds, 19% 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, IWB against SPHQ, data as of Sep 12, 2026. https://etfiq.com/compare/any/IWB-SPHQ Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources