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QDF vs SPHQ: Differences, Returns & Fees

QDF and SPHQ hold 31% of their weight in the same names, and SPHQ returned +18.0% over the year. Net assets: $2.2bn on Jul 31, 2026 for Northern Trust Quality Dividend ETF, and $19.1bn on Oct 9, 2026 for Invesco S&P 500 Quality ETF.

SPHQ costs 0.24 points a year less; their one-year returns differ by 0.6 points; SPHQ is 8.8 times larger.

QDF vs SPHQ: Differences, Returns & Fees
QDFSPHQ
Expense ratio0.39%0.15%
Net assets, as of Jul 31, 2026$2.2bn$19.4bn
Total return, 1 year+17.4%+18.0%
What it tracksNorthern Trust Quality Dividend IndexS&P 500 Quality Index
Holdings in common31%
Holdings datedJul 31, 2026Oct 10, 2026
Top ten holdings, share of the fund39.4%43.7%
Below its high4.6%, high on Jun 30, 2026

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

+17.4%
QDF total return, 1 year
+18.0%
SPHQ total return, 1 year
0.39%
QDF expense ratio
0.15%
SPHQ expense ratio

What they hold in common

By the books each fund has filed, QDF and SPHQ hold 31% 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

31% in common

Positions both hold, largest shared weight first
Holding QDF SPHQ
Apple, Inc. 8.67% 5.65%
Cisco Systems, Inc. 2.96% 3.81%
GE Aerospace 2.62% 3.37%
Lam Research Corp. 2.57% 4.30%
Procter & Gamble Co. (The) 2.29% 2.96%
KLA Corp. 1.65% 2.52%
GE Vernova, Inc. 1.44% 4.17%
Western Digital Corp. 1.27% 2.24%
QUALCOMM, Inc. 1.10% 2.42%
Automatic Data Processing, Inc. 0.75% 1.05%
Accenture plc 0.70% 1.10%
Trane Technologies plc 0.70% 0.96%
Only in QDF
NVIDIA Corp. 6.33%
Broadcom, Inc. 4.01%
Microsoft Corp. 3.97%
AbbVie, Inc. 2.94%
Johnson & Johnson 2.81%
JPMorgan Chase & Co. 2.56%
Alphabet, Inc. 2.40%
Alphabet, Inc. 1.95%
Only in SPHQ
Netflix Inc 3.62%
Sandisk Corp 3.08%
Applied Materials Inc 2.62%
Texas Instruments Inc 2.27%
Newmont Corp 1.81%
Fortinet Inc 1.73%
Intuitive Surgical Inc 1.47%
AppLovin Corp 1.44%

Check overlap with more funds →

On the same fields

QDF
Northern Trust Quality Dividend ETF
SPHQ
Invesco S&P 500 Quality ETF
Where it sits Stock ETF Stock ETF
Issuer Northern Trust Invesco
What it is Tracks an index Tracks the S&P 500 Quality
Total return, 1 year +17.4% +18.0%
Expense ratio 0.39% 0.15%
Already in the S&P 500 85.9% 100.0%
Holdings 123 102
Net assets, QDF as of Jul 31, 2026 and SPHQ as of Oct 9, 2026 $2.2bn $19.1bn

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

About QDF

QDF tracks an index. Over the year to Oct 9, 2026 it returned +17.4% with distributions reinvested. The prospectus expense ratio is 0.39% a year. By its holdings filed for Jul 31, 2026, 86% of the fund by weight is stocks the S&P 500 also holds, across 123 positions, with the top ten at 39.4%.

About SPHQ

SPHQ tracks the S&P 500 Quality. Over the year to Oct 9, 2026 it returned +18.0% with distributions reinvested. The prospectus expense ratio is 0.15% a year. 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, QDF or SPHQ?
In the year to Oct 9, 2026, with distributions reinvested, QDF returned +17.4% and SPHQ +18.0%.
Which is cheaper, QDF or SPHQ?
SPHQ is cheaper, by 0.24 percentage points a year. That is about $24 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do QDF and SPHQ overlap with the S&P 500?
By their latest filed holdings, 86% of QDF and 100% of SPHQ by weight is stocks the S&P 500 already holds.
Other comparisons
ESGU vs QDFIWV vs QDFDFUS vs QDFDGRW vs QDFFLQL vs SPHQSPHQ vs TILTDFSU vs SPHQSFLR vs SPHQ
QDF on its own →SPHQ on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
QDF filings on SEC EDGAR ↗QDF prospectus with the expense ratio (SEC) ↗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, QDF against SPHQ, data as of Oct 9, 2026. https://etfiq.com/compare/any/qdf-vs-sphq

Open data

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