Data as of Nov 4, 2026.
AVUS vs SPHQ: Differences, Returns & Fees
Over the year to Nov 4, 2026, AVUS returned +19.9% to SPHQ's +16.8%; 20% of their weight is in the same names.
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Net assets on Nov 3, 2026: $14.7bn for Avantis U.S. Equity ETF and $18.6bn for Invesco S&P 500 Quality ETF.
Pair scorecard
Both cost 0.15% a year; their one-year returns differ by 3.1 points; SPHQ is 1.3 times larger.
Points (pts) are percentage points.
| Measure | AVUS | SPHQ |
|---|---|---|
| Return | ||
| Total return, 1 year | +19.9% | +16.8% |
| Drawdown | ||
| Below its high | 5.9%, high on Jun 30, 2026 | |
| Benchmark | ||
| What it tracks | No index, actively managed | S&P 500 Quality Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.15% |
| Net assets, as of Nov 3, 2026 | $14.7bn | $18.6bn |
| Holdings | ||
| Holdings in common | 20% | |
| Top ten holdings, share of the fund | 29.1% | 44.1% |
Risk and return
Oct 4, 2019 to Oct 30, 2026 · 369 weekly returnsEach against its own benchmark: AVUS against IWV, Oct 4, 2019 to Oct 30, 2026; SPHQ against IVV, Dec 16, 2005 to Oct 30, 2026.
From Oct 2019 to Oct 2026, AVUS returned slightly more: +183.8% to +175.7%. SPHQ swung slightly less: 17.9% to 19.5%. SPHQ fell less at its worst: −28.8% to −35.1%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | AVUS | SPHQ | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +183.8% | +175.7% | AVUS (slight) | Price change plus distributions, reinvested. |
| Annualized | +15.8% | +15.4% | AVUS (slight) | Total return as a yearly rate. |
| Price return | +158.6% | +148.9% | AVUS (slight) | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.5% | 17.9% | SPHQ (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.5% | 12.5% | SPHQ (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −35.1% | −28.8% | SPHQ | Deepest fall from a high to the low after it. |
| Upside capture | 98.1% | 91.6% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 98.2% | 97.3% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.01 | 0.94 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.97 | 0.85 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.71 | 0.73 | SPHQ (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 1.01 | 1.05 | SPHQ (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.136 | 0.097 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.45 | 0.53 | SPHQ | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | IWV | IVV | The ETF each fund is measured against. | |
| Alpha | +0.5% a year | −0.4% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.42 | −0.29 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −2.0% to +3.1% | −3.5% to +2.6% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.20 | −0.14 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 3.4% | 7.1% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 369 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, AVUS and SPHQ hold 20% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.
half
20% in common
Only in one fund ↓
Side by side
AVUS and SPHQ on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.
Client brief:
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Over the year to Nov 4, 2026 it returned +19.9% with distributions reinvested, against +14.8% for its benchmark, the Russell 3000.
AVUS is actively managed and tracks no index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Nov 3, 2026, 83% of the fund by weight is stocks the S&P 500 also holds, across 1,944 positions, with the top ten at 29.1%.
SPHQ
SPHQ tracks the S&P 500 Quality. Over the year to Nov 4, 2026 it returned +16.8% with distributions reinvested, against +14.8% for its benchmark, the S&P 500 Index. By its holdings published by its issuer for Nov 3, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 102 positions, with the top ten at 44.1%. It sat 5.9% below its high of Jun 30, 2026 on Nov 4, 2026.
Questions people ask
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How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, AVUS against SPHQ, data as of Nov 4, 2026. https://etfiq.com/compare/any/avus-vs-sphq
ETFIQ. (Nov 4, 2026). AVUS against SPHQ. Retrieved from https://etfiq.com/compare/any/avus-vs-sphq
[AVUS against SPHQ (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/any/avus-vs-sphq)
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