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FDLO vs SPHQ: Differences, Returns & Fees

FDLO and SPHQ hold 20% of their weight in the same names, and SPHQ returned +18.0% over the year. Net assets: $1.4bn on Sep 30, 2026 for Fidelity Low Volatility Factor ETF, and $19.1bn on Oct 9, 2026 for Invesco S&P 500 Quality ETF.

Both cost 0.15% a year; their one-year returns differ by 5.9 points; SPHQ is 13.7 times larger.

FDLO vs SPHQ: Differences, Returns & Fees
FDLOSPHQ
Expense ratio0.15%0.15%
Net assets, as of Jul 31, 2026$1.4bn$19.4bn
Total return, 1 year+12.1%+18.0%
What it tracksFidelity U.S. Low Volatility Factor IndexS&P 500 Quality Index
Holdings in common20%
Holdings datedJul 31, 2026Oct 10, 2026
Top ten holdings, share of the fund38.5%43.7%
Below its high4.6%, high on Jun 30, 2026

Holdings in common uses holdings dated Jul 31, 2026 and Oct 9, 2026.

+12.1%
FDLO total return, 1 year
+18.0%
SPHQ total return, 1 year
0.15%
FDLO expense ratio
0.15%
SPHQ expense ratio

What they hold in common

By the books each fund has filed, FDLO and SPHQ hold 20% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jul 31, 2026 and Oct 9, 2026.

half

20% in common

Positions both hold, largest shared weight first
Holding FDLO SPHQ
APPLE INC 7.98% 5.65%
CISCO SYSTEMS INC 2.20% 3.81%
TEXAS INSTRUMENTS INC. 1.69% 2.27%
VISA INC 1.37% 5.84%
MASTERCARD INC 1.12% 5.90%
ACCENTURE PLC 0.88% 1.10%
TJX COMPANIES INC 0.74% 1.39%
PROCTER and GAMBLE CO 0.68% 2.96%
TRAVELERS COS INC 0.64% 0.71%
PROGRESSIVE CORP OHIO 0.60% 1.36%
AUTOMATIC DATA PROCESSING INC 0.59% 1.05%
LOCKHEED MARTIN CORP 0.54% 0.96%
Only in FDLO
MICROSOFT CORP 6.33%
ALPHABET INC 6.20%
AMAZON.COM INC 4.48%
BROADCOM INC 4.08%
JPMORGAN CHASE and CO 1.87%
BERKSHIRE HATHAWAY INC DEL 1.81%
ELI LILLY and CO 1.80%
AMPHENOL CORPORATION NEW 1.61%
Only in SPHQ
Lam Research Corp 4.30%
GE Vernova Inc 4.17%
Costco Wholesale Corp 3.96%
Netflix Inc 3.62%
General Electric Co 3.37%
Sandisk Corp 3.08%
Applied Materials Inc 2.62%
KLA Corp 2.52%

Check overlap with more funds →

On the same fields

FDLO
Fidelity Low Volatility Factor ETF
SPHQ
Invesco S&P 500 Quality ETF
Where it sits Stock ETF Stock ETF
Issuer Fidelity Invesco
What it is Tracks an index Tracks the S&P 500 Quality
Total return, 1 year +12.1% +18.0%
Expense ratio 0.15% 0.15%
Already in the S&P 500 96.3% 100.0%
Holdings 123 102
Net assets, FDLO as of Sep 30, 2026 and SPHQ as of Oct 9, 2026 $1.4bn $19.1bn

FDLO and SPHQ on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About FDLO

FDLO tracks an index. Over the year to Oct 9, 2026 it returned +12.1% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings filed for Jul 31, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 123 positions, with the top ten at 38.5%.

About SPHQ

SPHQ tracks the S&P 500 Quality. Over the year to Oct 9, 2026 it returned +18.0% with distributions reinvested. By its holdings published by its issuer for Oct 10, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 102 positions, with the top ten at 43.7%. It sat 4.6% below its high of Jun 30, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, FDLO or SPHQ?
In the year to Oct 9, 2026, with distributions reinvested, FDLO returned +12.1% and SPHQ +18.0%.
Which is cheaper, FDLO or SPHQ?
Neither: FDLO and SPHQ both charge 0.15% a year. Fees come from each fund's prospectus.
How much do FDLO and SPHQ overlap with the S&P 500?
By their latest filed holdings, 96% of FDLO and 100% of SPHQ by weight is stocks the S&P 500 already holds.
Other comparisons
FDLO vs MTUMFDLO vs IWVFDLO vs OEFDFUS vs FDLOMSLC vs SPHQSPHQ vs SUSAGRNY vs SPHQQLTY vs SPHQ
FDLO on its own →SPHQ on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
FDLO filings on SEC EDGAR ↗FDLO prospectus with the expense ratio (SEC) ↗Fidelity website ↗SPHQ filings on SEC EDGAR ↗SPHQ prospectus with the expense ratio (SEC) ↗Invesco page for SPHQ ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, FDLO against SPHQ, data as of Oct 9, 2026. https://etfiq.com/compare/any/fdlo-vs-sphq

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.