Data as of Oct 28, 2026.
MBB vs SPHQ: Differences, Returns & Fees
Over the year to Oct 28, 2026, MBB returned −0.8% to SPHQ's +14.1%; 0% of their weight is in the same names.
askIQ about this page
askIQ about MBB and SPHQ
Net assets: $35.5bn on Oct 28, 2026 for iShares MBS ETF, and $18.7bn on Oct 27, 2026 for Invesco S&P 500 Quality ETF.
Pair scorecard
MBB costs 0.11 points a year less; their one-year returns differ by 14.9 points; MBB is 1.9 times larger.
| Measure | MBB | SPHQ |
|---|---|---|
| Return | ||
| Total return, 1 year | −0.8% | +14.1% |
| Drawdown | ||
| Below its high | 6.4%, high on Jun 30, 2026 | |
| Benchmark | ||
| What it tracks | Bloomberg U.S. MBS Index | S&P 500 Quality Index |
| Cost and size | ||
| Expense ratio | 0.04% | 0.15% |
| Net assets, as of Oct 26, 2026 | $35.6bn | $18.7bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 43.3% | |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Mar 23, 2007 to Oct 23, 2026 · 1,022 weekly returnsEach against its own benchmark: MBB against SPMB, Feb 6, 2009 to Oct 23, 2026; SPHQ against IVV, Dec 16, 2005 to Oct 23, 2026.
SPHQ returned more: +540.0% to +63.4%. MBB swung less: 4.2% to 17.8%. MBB fell less at its worst: −17.4% to −56.9%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | MBB | SPHQ | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +63.4% | +540.0% | SPHQ | Price change plus distributions, reinvested. |
| Annualized | +2.5% | +9.9% | SPHQ | Total return as a yearly rate. |
| Price return | −9.6% | +387.7% | SPHQ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 4.2% | 17.8% | MBB | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 2.9% | 12.8% | MBB | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −17.4% | −56.9% | MBB | Deepest fall from a high to the low after it. |
| Upside capture | 77.8% | 91.6% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 78.4% | 97.3% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.76 | 0.94 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.76 | 0.85 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.24 | 0.53 | SPHQ | Return above Treasury bills per unit of volatility. |
| Sortino | 0.35 | 0.74 | SPHQ | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.009 | 0.097 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.15 | 0.17 | SPHQ | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | SPMB | IVV | The ETF each fund is measured against. | |
| Alpha | +0.1% a year | −0.5% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.26 | −0.31 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.8% to +1.1% | −3.5% to +2.5% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.03 | −0.15 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 2.3% | 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, 1,022 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, MBB and SPHQ hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
MBB and SPHQ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
MBB and SPHQ do different jobs. What does each one do in a portfolio?
- What each follows. MBB follows Bloomberg U.S. MBS Index and SPHQ follows S&P 500 Quality Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 MBB returned −0.8% and SPHQ +14.1% with distributions reinvested, a gap of 14.9 points.
Data as of Oct 28, 2026.
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
MBB
MBB tracks an index of mortgage-backed securities. Over the year to Oct 28, 2026 it returned −0.8% with distributions reinvested, against −1.1% for its benchmark, the Bloomberg U.S. MBS Index. The prospectus expense ratio is 0.04% a year.
SPHQ
SPHQ tracks the S&P 500 Quality. Over the year to Oct 28, 2026 it returned +14.1% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 102 positions, with the top ten at 43.3%. It sat 6.4% below its high of Jun 30, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, MBB or SPHQ?
- In the year to Oct 28, 2026, with distributions reinvested, MBB returned −0.8% and SPHQ +14.1%.
- Which is cheaper, MBB or SPHQ?
- MBB is cheaper, by 0.11 percentage points a year. That is about $11 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. 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, MBB against SPHQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/mbb-vs-sphq
ETFIQ. (Oct 28, 2026). MBB against SPHQ. Retrieved from https://etfiq.com/compare/any/mbb-vs-sphq
[MBB against SPHQ (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/mbb-vs-sphq)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.