Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
SPHQ vs XLG: how they differ
SPHQ and XLG hold 14% of their weight in the same names, and SPHQ returned more over the year.
Invesco S&P 500 Quality ETF and Invesco S&P 500 Top 50 ETF.
What they hold in common
By the books each fund has filed, SPHQ and XLG hold 14% of their money in the same securities at the same weight.
| Holding | SPHQ | XLG |
|---|---|---|
| Apple Inc. | 4.51% | 10.76% |
| Visa Inc. | 4.69% | 1.50% |
| Costco Wholesale Corp. | 4.82% | 1.22% |
| Caterpillar Inc. | 3.78% | 1.12% |
| Mastercard Inc. | 4.32% | 1.11% |
| Cisco Systems, Inc. | 3.54% | 0.98% |
| Procter & Gamble Co. (The) | 3.46% | 0.92% |
| Coca-Cola Co. (The) | 3.34% | 0.82% |
| General Electric Co. | 4.16% | 0.82% |
| Merck & Co., Inc. | 2.87% | 0.73% |
| Accenture PLC | 1.04% | 0.30% |
| Adobe Inc. | 1.45% | 0.27% |
| Only in SPHQ | Only in XLG |
|---|---|
| Lam Research Corp. 4.10% | NVIDIA Corp. 13.10% |
| KLA Corp. 3.27% | Microsoft Corp. 8.18% |
| GE Vernova Inc. 3.15% | Amazon.com, Inc. 6.99% |
| Applied Materials, Inc. 2.80% | Alphabet Inc. 6.05% |
| Gilead Sciences, Inc. 2.28% | Broadcom Inc. 4.85% |
| Western Digital Corp. 2.15% | Alphabet Inc. 4.82% |
| QUALCOMM Inc. 2.03% | Meta Platforms, Inc. 3.61% |
| TJX Cos., Inc. (The) 1.79% | Tesla, Inc. 2.90% |
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.
| SPHQ Invesco S&P 500 Quality ETF | XLG Invesco S&P 500 Top 50 ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Invesco | Invesco |
| What it is | S&P 500 Quality | S&P 500 top 50 |
| Total return, 1 year | +17.4% | +12.2% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −0.1 pts | −5.3 pts |
| Expense ratio | 0.15% | 0.20% |
| Already in the S&P 500 | 99.9% | 100.0% |
| Holdings | 99 | 51 |
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.
XLG in plain words
XLG is an index equity fund tracking the S&P 500 top 50. Over the year to Sep 11, 2026 it returned +12.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.20% 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 51 positions, with the top ten at 63.6%.
Questions people ask
- Which returned more over the last year, SPHQ or XLG?
- In the year to Sep 12, 2026, with distributions reinvested, SPHQ returned +17.4% and XLG returned +12.2%, so SPHQ returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, SPHQ or XLG?
- SPHQ charges 0.15% a year and XLG charges 0.20%, so SPHQ is cheaper. Fees come from each fund's prospectus.
- How much do SPHQ and XLG overlap with the S&P 500?
- By their latest filed holdings, 100% of SPHQ and 100% of XLG by weight is stocks the S&P 500 already holds. Between the two funds, 14% 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, SPHQ against XLG, data as of Sep 12, 2026. https://etfiq.com/compare/any/SPHQ-XLG Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources