Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
QQQM vs SPHQ: how they differ
QQQM and SPHQ hold 20% of their weight in the same names, and QQQM returned more over the year.
Invesco NASDAQ 100 ETF and Invesco S&P 500 Quality ETF.
What they hold in common
By the books each fund has filed, QQQM and SPHQ hold 20% of their money in the same securities at the same weight.
| Holding | QQQM | SPHQ |
|---|---|---|
| Apple Inc. | 7.29% | 4.51% |
| Cisco Systems, Inc. | 2.09% | 3.54% |
| Costco Wholesale Corp. | 1.86% | 4.82% |
| Lam Research Corp. | 1.75% | 4.10% |
| Applied Materials, Inc. | 1.57% | 2.80% |
| QUALCOMM Inc. | 1.18% | 2.03% |
| KLA Corp. | 1.11% | 3.27% |
| AppLovin Corp. | 0.83% | 1.56% |
| Western Digital Corp. | 0.79% | 2.15% |
| Gilead Sciences, Inc. | 0.73% | 2.28% |
| Adobe Inc. | 0.46% | 1.45% |
| Constellation Energy Corp. | 0.46% | 0.99% |
| Only in QQQM | Only in SPHQ |
|---|---|
| NVIDIA Corp. 8.16% | Visa Inc. 4.69% |
| Microsoft Corp. 5.32% | Mastercard Inc. 4.32% |
| Micron Technology, Inc. 4.80% | General Electric Co. 4.16% |
| Amazon.com, Inc. 4.62% | Caterpillar Inc. 3.78% |
| Advanced Micro Devices, Inc. 3.70% | Procter & Gamble Co. (The) 3.46% |
| Alphabet Inc. 3.52% | Coca-Cola Co. (The) 3.34% |
| Tesla, Inc. 3.46% | GE Vernova Inc. 3.15% |
| Broadcom Inc. 3.37% | Merck & Co., Inc. 2.87% |
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.
| QQQM Invesco NASDAQ 100 ETF | SPHQ Invesco S&P 500 Quality ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Invesco | Invesco |
| What it is | Nasdaq-100 | S&P 500 Quality |
| Total return, 1 year | +23.0% | +17.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +5.5 pts | −0.1 pts |
| Expense ratio | 0.15% | 0.15% |
| Already in the S&P 500 | 96.7% | 99.9% |
| Holdings | 101 | 99 |
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 May 31, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 101 positions, with the top ten at 47.5%. It sat 4.1% below its high of Jun 2, 2026 on Sep 11, 2026.
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, QQQM or SPHQ?
- In the year to Sep 12, 2026, with distributions reinvested, QQQM returned +23.0% and SPHQ returned +17.4%, so QQQM returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, QQQM or SPHQ?
- QQQM charges 0.15% a year and SPHQ charges 0.15%, so QQQM is cheaper. Fees come from each fund's prospectus.
- How much do QQQM and SPHQ overlap with the S&P 500?
- By their latest filed holdings, 97% of QQQM and 100% of SPHQ by weight is stocks the S&P 500 already holds. Between the two funds, 20% 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 SPHQ, data as of Sep 12, 2026. https://etfiq.com/compare/any/QQQM-SPHQ Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources