Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
QUAL vs SPMO: how they differ
QUAL and SPMO hold 26% of their weight in the same names, and SPMO returned more over the year.
iShares MSCI USA Quality Factor ETF and Invesco S&P 500 Momentum ETF.
What they hold in common
By the books each fund has filed, QUAL and SPMO hold 26% of their money in the same securities at the same weight.
| Holding | QUAL | SPMO |
|---|---|---|
| NVIDIA CORPORATION | 6.52% | 8.46% |
| LAM RESEARCH CORPORATION | 3.23% | 3.54% |
| ALPHABET INC. | 2.54% | 4.81% |
| CATERPILLAR INC. | 2.52% | 2.60% |
| ALPHABET INC. | 2.12% | 3.81% |
| JOHNSON & JOHNSON | 1.92% | 3.85% |
| APPLIED MATERIALS, INC. | 2.45% | 1.77% |
| KLA CORPORATION | 2.79% | 1.39% |
| THE COCA-COLA COMPANY | 0.75% | 1.21% |
| LOCKHEED MARTIN CORPORATION | 0.88% | 0.49% |
| COMFORT SYSTEMS USA, INC. | 0.54% | 0.47% |
| NEWMONT CORPORATION | 0.42% | 1.09% |
| Only in QUAL | Only in SPMO |
|---|---|
| APPLE INC. 6.28% | Micron Technology, Inc. 10.72% |
| MICROSOFT CORPORATION 5.05% | Broadcom Inc. 7.58% |
| META PLATFORMS, INC. 3.50% | Advanced Micro Devices, Inc. 4.14% |
| THE TJX COMPANIES, INC. 3.19% | Intel Corp. 2.95% |
| VISA INC. 3.09% | Exxon Mobil Corp. 2.78% |
| ELI LILLY AND COMPANY 2.92% | Sandisk Corp. 2.46% |
| MASTERCARD INCORPORATED 2.30% | Cisco Systems, Inc. 2.02% |
| BERKSHIRE HATHAWAY INC. 2.12% | Seagate Technology Holdings PLC 1.88% |
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.
| QUAL iShares MSCI USA Quality Factor ETF | SPMO Invesco S&P 500 Momentum ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Invesco |
| What it is | MSCI USA Quality Factor | S&P 500 Momentum |
| Total return, 1 year | +16.0% | +24.5% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −1.5 pts | +7.0 pts |
| Expense ratio | 0.15% | 0.13% |
| Already in the S&P 500 | 98.9% | 100.0% |
| Holdings | 121 | 99 |
QUAL in plain words
QUAL is an index equity fund tracking the MSCI USA Quality Factor. Over the year to Sep 11, 2026 it returned +16.0% 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 Apr 30, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 121 positions, with the top ten at 39.1%. It sat 3.1% below its high of Aug 13, 2026 on Sep 11, 2026.
SPMO in plain words
SPMO is an index equity fund tracking the S&P 500 Momentum. Over the year to Sep 11, 2026 it returned +24.5% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.13% a year. By its holdings filed for May 31, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 99 positions, with the top ten at 52.6%. It sat 8.3% below its high of Jun 22, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, QUAL or SPMO?
- In the year to Sep 12, 2026, with distributions reinvested, QUAL returned +16.0% and SPMO returned +24.5%, so SPMO returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, QUAL or SPMO?
- QUAL charges 0.15% a year and SPMO charges 0.13%, so SPMO is cheaper. Fees come from each fund's prospectus.
- How much do QUAL and SPMO overlap with the S&P 500?
- By their latest filed holdings, 99% of QUAL and 100% of SPMO by weight is stocks the S&P 500 already holds. Between the two funds, 26% 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, QUAL against SPMO, data as of Sep 12, 2026. https://etfiq.com/compare/any/QUAL-SPMO Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources