Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
SPHQ vs XLI: how they differ
SPHQ and XLI hold 21% of their weight in the same names, and SPHQ returned more over the year.
Invesco S&P 500 Quality ETF and State Street(R) Industrial Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, SPHQ and XLI hold 21% of their money in the same securities at the same weight.
| Holding | SPHQ | XLI |
|---|---|---|
| General Electric Co. | 4.16% | 6.77% |
| Caterpillar Inc. | 3.78% | 8.52% |
| GE Vernova Inc. | 3.15% | 5.48% |
| 3M Co. | 1.17% | 1.47% |
| Parker-Hannifin Corp. | 1.08% | 2.14% |
| Illinois Tool Works Inc. | 0.94% | 1.23% |
| United Parcel Service, Inc. | 0.85% | 1.39% |
| Cintas Corp. | 0.62% | 1.00% |
| W.W. Grainger, Inc. | 0.55% | 1.03% |
| AMETEK, Inc. | 0.53% | 0.96% |
| Fastenal Co. | 0.53% | 0.96% |
| EMCOR Group, Inc. | 0.47% | 0.64% |
| Only in SPHQ | Only in XLI |
|---|---|
| Costco Wholesale Corp. 4.82% | RTX Corp 4.44% |
| Visa Inc. 4.69% | Boeing Co/The 2.96% |
| Apple Inc. 4.51% | Eaton Corp PLC 2.87% |
| Mastercard Inc. 4.32% | Union Pacific Corp 2.81% |
| Lam Research Corp. 4.10% | Deere & Co 2.77% |
| Cisco Systems, Inc. 3.54% | Uber Technologies Inc 2.55% |
| Procter & Gamble Co. (The) 3.46% | Vertiv Holdings Co 2.23% |
| Coca-Cola Co. (The) 3.34% | Trane Technologies PLC 1.89% |
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 | XLI State Street(R) Industrial Select Sector SPDR(R) ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Invesco | State Street |
| What it is | S&P 500 Quality | Industrials |
| Total return, 1 year | +17.4% | +14.3% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −0.1 pts | −3.3 pts |
| Expense ratio | 0.15% | 0.08% |
| Already in the S&P 500 | 99.9% | 100.0% |
| Holdings | 99 | 81 |
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.
XLI in plain words
XLI is an index equity fund tracking the Industrials. Over the year to Sep 11, 2026 it returned +14.3% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.08% 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 81 positions, with the top ten at 41.4%. It sat 7.6% below its high of Aug 14, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, SPHQ or XLI?
- In the year to Sep 12, 2026, with distributions reinvested, SPHQ returned +17.4% and XLI returned +14.3%, so SPHQ returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, SPHQ or XLI?
- SPHQ charges 0.15% a year and XLI charges 0.08%, so XLI is cheaper. Fees come from each fund's prospectus.
- How much do SPHQ and XLI overlap with the S&P 500?
- By their latest filed holdings, 100% of SPHQ and 100% of XLI by weight is stocks the S&P 500 already holds. Between the two funds, 21% 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 XLI, data as of Sep 12, 2026. https://etfiq.com/compare/any/SPHQ-XLI Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources