Which returned more over the last year, FLQL or SPHQ?

In the year to Oct 9, 2026, with distributions reinvested, FLQL returned +18.4% and SPHQ +18.0%.

Which is cheaper, FLQL or SPHQ?

Neither: FLQL and SPHQ both charge 0.15% a year. Fees come from each fund's prospectus.

How much do FLQL and SPHQ overlap with the S&P 500?

By their latest filed holdings, 90% of FLQL and 100% of SPHQ by weight is stocks the S&P 500 already holds.

Compare their flows Ask IQ about these two funds

FLQL vs SPHQ: Differences, Returns & Fees

FLQL and SPHQ hold 22% of their weight in the same names. Net assets on Oct 9, 2026: $2.2bn for Franklin U.S. Large Cap Multifactor Index ETF and $19.1bn for Invesco S&P 500 Quality ETF.

Both cost 0.15% a year; their one-year returns differ by 0.4 points; SPHQ is 8.7 times larger.

FLQL vs SPHQ: Differences, Returns & Fees
	FLQL	SPHQ
Expense ratio	0.15%	0.15%
Net assets	$2.2bn	$19.1bn
Total return, 1 year	+18.4%	+18.0%
What it tracks	not read by ETFIQ	S&P 500 Quality Index
Holdings in common	22%
Holdings dated	Jun 30, 2026	Oct 10, 2026
Top ten holdings, share of the fund	36.0%	43.7%
Below its high		4.6%, high on Jun 30, 2026

Holdings in common uses holdings dated Jun 30, 2026 and Oct 9, 2026.

+18.4%

FLQL total return, 1 year

+18.0%

SPHQ total return, 1 year

0.15%

FLQL expense ratio

0.15%

SPHQ expense ratio

What they hold in common

By the books each fund has filed, FLQL and SPHQ hold 22% 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 Jun 30, 2026 and Oct 9, 2026.

50%

half

22% in common

Positions both hold, largest shared weight first

Holding FLQL SPHQ

APPLE INC 6.88% 5.65%

APPLIED MATERIALS INC 2.25% 2.62%

LAM RESEARCH CORP 1.98% 4.30%

KLA CORP 1.98% 2.52%

CISCO SYSTEMS INC 1.52% 3.81%

QUALCOMM INC 0.94% 2.42%

TEXAS INSTRUMENTS INC 0.85% 2.27%

NEWMONT CORP 0.68% 1.81%

FORTINET INC 0.57% 1.73%

COMFORT SYSTEMS USA INC 0.51% 0.61%

ILLINOIS TOOL WORKS INC 0.45% 0.75%

LOCKHEED MARTIN CORP 0.44% 0.96%

Only in FLQL

NVIDIA CORP 6.72%

MICROSOFT CORP 3.82%

ALPHABET INC 3.77%

AMAZON.COM INC 3.07%

ALPHABET INC 3.02%

BROADCOM INC 2.47%

JOHNSON & JOHNSON 1.86%

META PLATFORMS INC 1.81%

Only in SPHQ

Mastercard Inc 5.90%

Visa Inc 5.84%

GE Vernova Inc 4.17%

Costco Wholesale Corp 3.96%

Netflix Inc 3.62%

General Electric Co 3.37%

Sandisk Corp 3.08%

Procter & Gamble Co/The 2.96%

Check overlap with more funds →

On the same fields

FLQL

Franklin U.S. Large Cap Multifactor Index ETF

SPHQ

Invesco S&P 500 Quality ETF

Where it sits Stock ETF Stock ETF

Issuer Franklin Invesco

What it is Tracks an index Tracks the S&P 500 Quality

Total return, 1 year +18.4% +18.0%

Expense ratio 0.15% 0.15%

Already in the S&P 500 89.5% 100.0%

Holdings 215 102

Net assets $2.2bn $19.1bn

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

About FLQL

FLQL tracks an index. Over the year to Oct 9, 2026 it returned +18.4% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings filed for Jun 30, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 215 positions, with the top ten at 36.0%.

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, FLQL or SPHQ?: In the year to Oct 9, 2026, with distributions reinvested, FLQL returned +18.4% and SPHQ +18.0%.
Which is cheaper, FLQL or SPHQ?: Neither: FLQL and SPHQ both charge 0.15% a year. Fees come from each fund's prospectus.
How much do FLQL and SPHQ overlap with the S&P 500?: By their latest filed holdings, 90% of FLQL and 100% of SPHQ by weight is stocks the S&P 500 already holds.

Other comparisons

FLQL vs MTUM FLQL vs IWV FLQL vs OEF DFUS vs FLQL QDF vs SPHQ SPHQ vs TILT SFLR vs SPHQ IWL vs SPHQ

FLQL on its own →SPHQ on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

FLQL filings on SEC EDGAR ↗FLQL prospectus with the expense ratio (SEC) ↗Franklin 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, FLQL against SPHQ, data as of Oct 9, 2026. https://etfiq.com/compare/any/flql-vs-sphq

Open data

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