Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
SPHQ vs SPY: how they differ
SPHQ and SPY hold 19% of their weight in the same names.
Invesco S&P 500 Quality ETF and SPDR S&P 500 ETF Trust.
What they hold in common
By the books each fund has filed, SPHQ and SPY hold 19% of their money in the same securities at the same weight.
| Holding | SPHQ | SPY |
|---|---|---|
| Apple Inc. | 4.51% | 6.59% |
| Applied Materials, Inc. | 2.80% | 0.89% |
| Visa Inc. | 4.69% | 0.88% |
| Lam Research Corp. | 4.10% | 0.84% |
| Caterpillar Inc. | 3.78% | 0.76% |
| Cisco Systems, Inc. | 3.54% | 0.72% |
| Costco Wholesale Corp. | 4.82% | 0.64% |
| Mastercard Inc. | 4.32% | 0.64% |
| KLA Corp. | 3.27% | 0.61% |
| General Electric Co. | 4.16% | 0.60% |
| Procter & Gamble Co. (The) | 3.46% | 0.53% |
| Merck & Co., Inc. | 2.87% | 0.49% |
| Only in SPHQ | Only in SPY |
|---|---|
| Eaton Corp. PLC 1.65% | NVIDIA Corp. 7.52% |
| Trane Technologies PLC 1.30% | Microsoft Corp. 4.30% |
| Johnson Controls International PLC 1.05% | Amazon.com, Inc. 3.62% |
| Accenture PLC 1.04% | Alphabet, Inc. 3.25% |
| Arch Capital Group Ltd. 0.34% | Broadcom, Inc. 2.77% |
| Steris PLC 0.25% | Alphabet, Inc. 2.59% |
| Pool Corp. 0.08% | Micron Technology, Inc. 2.02% |
| Meta Platforms, Inc. 1.92% |
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.
| SPHQ Invesco S&P 500 Quality ETF | SPY SPDR S&P 500 ETF Trust | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Invesco | State Street |
| What it is | S&P 500 Quality | S&P 500, book from IVV |
| Total return, 1 year | +17.4% | +17.5% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −0.1 pts | 0.0 pts |
| Expense ratio | 0.15% | 0.09% |
| Already in the S&P 500 | 99.9% | 100.0% |
| Holdings | 99 | 504 |
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.
SPY in plain words
SPY is an index equity fund tracking the S&P 500. Over the year to Sep 11, 2026 it returned +17.5% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.09% a year. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 36.4%.
Questions people ask
- Which returned more over the last year, SPHQ or SPY?
- In the year to Sep 12, 2026, with distributions reinvested, SPHQ returned +17.4% and SPY returned +17.5%, so SPY returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, SPHQ or SPY?
- SPHQ charges 0.15% a year and SPY charges 0.09%, so SPY is cheaper. Fees come from each fund's prospectus.
- How much do SPHQ and SPY overlap with the S&P 500?
- By their latest filed holdings, 100% of SPHQ and 100% of SPY 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.
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, SPHQ against SPY, data as of Sep 12, 2026. https://etfiq.com/compare/any/SPHQ-SPY Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources