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PDP vs QUAL: Differences, Returns & Fees

PDP and QUAL hold 12% of their weight in the same names. Net assets on Oct 9, 2026: $1.5bn for Invesco Dorsey Wright Momentum ETF and $49.0bn for iShares MSCI USA Quality Factor ETF.

QUAL costs 0.47 points a year less; their one-year returns differ by 0.1 points; QUAL is far larger, $49.0bn against $1.5bn.

PDPQUAL
Expense ratio0.62%0.15%
Net assets$1.5bn$49.0bn
Total return, 1 year+17.2%+17.1%
What it tracksDorsey Wright Technical Leaders IndexMSCI USA Sector Neutral Quality Index ?
Holdings in common12%
Holdings datedOct 10, 2026Oct 8, 2026
Top ten holdings, share of the fund24.1%45.8%
Below its high8.2%, high on Jun 22, 2026

Holdings in common uses holdings dated Oct 8, 2026 and Oct 9, 2026.

+17.2%
PDP total return, 1 year
+17.1%
QUAL total return, 1 year
0.62%
PDP expense ratio
0.15%
QUAL expense ratio

What they hold in common

By the books each fund has filed, PDP and QUAL hold 12% 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 8, 2026 and Oct 9, 2026.

half

12% in common

Positions both hold, largest shared weight first
Holding PDP QUAL
Apple Inc 3.01% 7.14%
Arista Networks Inc 1.82% 1.58%
Lam Research Corp 1.41% 3.73%
Alphabet Inc 1.38% 1.96%
Fortinet Inc 0.86% 1.32%
Trane Technologies PLC 1.80% 0.79%
Garmin Ltd 0.76% 0.81%
NVIDIA Corp 0.61% 6.56%
Merck & Co Inc 0.59% 1.33%
WW Grainger Inc 2.06% 0.49%
NetApp Inc 0.78% 0.30%
F5 Inc 0.73% 0.16%
Only in PDP
Amphenol Corp 3.12%
Lumentum Holdings Inc 3.02%
Targa Resources Corp 2.60%
Sandisk Corp 2.54%
Micron Technology Inc 2.31%
Robinhood Markets Inc 1.81%
Guardant Health Inc 1.66%
Tenet Healthcare Corp 1.58%
Only in QUAL
MICROSOFT 7.86%
META PLATFORMS CLASS A 4.66%
ELI LILLY 3.64%
TJX 3.42%
VISA CLASS A 3.17%
APPLIED MATERIAL INC 3.04%
KLA 2.59%
EXXONMOBIL HOLDINGS CORP 2.31%

Check overlap with more funds →

On the same fields

PDP
Invesco Dorsey Wright Momentum ETF
QUAL
iShares MSCI USA Quality Factor ETF
Where it sits Stock ETF Stock ETF
Issuer Invesco iShares
What it is Tracks an index Tracks the MSCI USA Quality Factor
Total return, 1 year +17.2% +17.1%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 0.0 pts −0.2 pts
Expense ratio 0.62% 0.15%
Already in the S&P 500 66.5% 97.2%
Holdings 102 119
Net assets $1.5bn $49.0bn

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

PDP in plain words

PDP tracks an index. Over the year to Oct 9, 2026 it returned +17.2% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.62% a year. By its holdings published by its issuer for Oct 10, 2026, 66% of the fund by weight is stocks the S&P 500 also holds, across 102 positions, with the top ten at 24.1%. It sat 8.2% below its high of Jun 22, 2026 on Oct 9, 2026.

QUAL in plain words

QUAL tracks the MSCI USA Quality Factor. Over the year to Oct 9, 2026 it returned +17.1% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 8, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 119 positions, with the top ten at 45.8%.

Questions people ask

Which returned more over the last year, PDP or QUAL?
In the year to Oct 9, 2026, with distributions reinvested, PDP returned +17.2% and QUAL +17.1%.
Which is cheaper, PDP or QUAL?
QUAL is cheaper, by 0.47 percentage points a year. That is about $47 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do PDP and QUAL overlap with the S&P 500?
By their latest filed holdings, 66% of PDP and 97% of QUAL by weight is stocks the S&P 500 already holds.
Other comparisons
PDP vs VVPDP vs SCHBPDP vs SCHXPDP vs VIGQUAL vs SEIMQUAL vs USXFDFAL vs QUALQQQE vs QUAL
PDP on its own →QUAL on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
PDP filings on SEC EDGAR ↗PDP prospectus with the expense ratio (SEC) ↗Invesco page for PDP ↗QUAL filings on SEC EDGAR ↗QUAL prospectus with the expense ratio (SEC) ↗iShares page for QUAL ↗

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, PDP against QUAL, data as of Oct 9, 2026. https://etfiq.com/compare/any/pdp-vs-qual

Open data

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