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

In the year to Oct 9, 2026, with distributions reinvested, IWL returned +16.8% and SPHQ +18.0%.

Which is cheaper, IWL or SPHQ?

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

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

By their latest filed holdings, 99% of IWL and 100% of SPHQ by weight is stocks the S&P 500 already holds.

Compare their flows Ask IQ about these two funds

IWL vs SPHQ: Differences, Returns & Fees

IWL and SPHQ hold 18% of their weight in the same names, and SPHQ returned +18.0% over the year. Net assets on Oct 9, 2026: $2.3bn for iShares Russell Top 200 ETF and $19.1bn for Invesco S&P 500 Quality ETF.

Both cost 0.15% a year; their one-year returns differ by 1.2 points; SPHQ is 8.4 times larger.

IWL vs SPHQ: Differences, Returns & Fees
	IWL	SPHQ
Expense ratio	0.15%	0.15%
Net assets	$2.3bn	$19.1bn
Total return, 1 year	+16.8%	+18.0%
What it tracks	Russell Top 200 Index	S&P 500 Quality Index
Holdings in common	18%
Holdings dated	Oct 9, 2026	Oct 10, 2026
Top ten holdings, share of the fund	44.6%	43.7%
Below its high		4.6%, high on Jun 30, 2026

Holdings in common uses holdings dated Oct 9, 2026.

+16.8%

IWL total return, 1 year

+18.0%

SPHQ total return, 1 year

0.15%

IWL expense ratio

0.15%

SPHQ expense ratio

What they hold in common

By the books each fund has filed, IWL and SPHQ hold 18% 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 Oct 9, 2026.

50%

half

18% in common

Positions both hold, largest shared weight first

Holding IWL SPHQ

APPLE 8.35% 5.65%

VISA CLASS A 1.12% 5.84%

MASTERCARD CLASS A 0.82% 5.90%

CISCO SYSTEMS INC 0.80% 3.81%

COSTCO WHOLESALE CORP 0.72% 3.96%

APPLIED MATERIAL INC 0.69% 2.62%

LAM RESEARCH 0.68% 4.30%

PROCTER & GAMBLE 0.60% 2.96%

GE AEROSPACE 0.55% 3.37%

NETFLIX 0.50% 3.62%

GE VERNOVA 0.46% 4.17%

KLA 0.44% 2.52%

Only in IWL

NVIDIA 9.18%

MICROSOFT 6.82%

AMAZON.COM INC 4.37%

ALPHABET CLASS A 3.52%

BROADCOM INC 2.89%

ALPHABET CLASS C 2.84%

META PLATFORMS CLASS A 2.71%

MICRON TECHNOLOGY 1.99%

Only in SPHQ

Seagate Technology Holdings PLC 1.37%

Allstate Corp/The 0.67%

Ameriprise Financial Inc 0.65%

NetApp Inc 0.62%

Comfort Systems USA Inc 0.61%

eBay Inc 0.56%

IDEXX Laboratories Inc 0.54%

Fastenal Co 0.53%

Check overlap with more funds →

On the same fields

IWL

iShares Russell Top 200 ETF

SPHQ

Invesco S&P 500 Quality ETF

Where it sits Stock ETF Stock ETF

Issuer iShares Invesco

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

Total return, 1 year +16.8% +18.0%

Expense ratio 0.15% 0.15%

Already in the S&P 500 99.2% 100.0%

Holdings 202 102

Net assets $2.3bn $19.1bn

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

About IWL

IWL tracks an index. Over the year to Oct 9, 2026 it returned +16.8% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 9, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 202 positions, with the top ten at 44.6%.

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, IWL or SPHQ?: In the year to Oct 9, 2026, with distributions reinvested, IWL returned +16.8% and SPHQ +18.0%.
Which is cheaper, IWL or SPHQ?: Neither: IWL and SPHQ both charge 0.15% a year. Fees come from each fund's prospectus.
How much do IWL and SPHQ overlap with the S&P 500?: By their latest filed holdings, 99% of IWL and 100% of SPHQ by weight is stocks the S&P 500 already holds.

Other comparisons

ESGU vs IWL IWL vs MTUM IWL vs IWV IWL vs OEF SPHQ vs USCL SNPE vs SPHQ QVML vs SPHQ OMFL vs SPHQ

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

Where these figures came from

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

Open data

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