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QLC vs SPHQ: Differences, Returns & Fees

QLC and SPHQ hold 24% of their weight in the same names, and QLC returned +19.8% over the year. Net assets: $1.0bn on Jul 31, 2026 for Northern Trust US Quality Large Cap ETF, and $19.1bn on Oct 9, 2026 for Invesco S&P 500 Quality ETF.

SPHQ costs 0.10 points a year less; their one-year returns differ by 1.8 points; SPHQ is 19.2 times larger.

QLC vs SPHQ: Differences, Returns & Fees
QLCSPHQ
Expense ratio0.25%0.15%
Net assets, as of Jul 31, 2026$1.0bn$19.4bn
Total return, 1 year+19.8%+18.0%
What it tracksNorthern Trust Quality Large Cap IndexS&P 500 Quality Index
Holdings in common24%
Holdings datedJul 31, 2026Oct 10, 2026
Top ten holdings, share of the fund37.6%43.7%
Below its high4.6%, high on Jun 30, 2026

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

+19.8%
QLC total return, 1 year
+18.0%
SPHQ total return, 1 year
0.25%
QLC expense ratio
0.15%
SPHQ expense ratio

What they hold in common

By the books each fund has filed, QLC and SPHQ hold 24% 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

24% in common

Positions both hold, largest shared weight first
Holding QLC SPHQ
Apple, Inc. 7.33% 5.65%
Cisco Systems, Inc. 1.85% 3.81%
GE Aerospace 1.21% 3.37%
Applied Materials, Inc. 1.15% 2.62%
KLA Corp. 1.08% 2.52%
Lam Research Corp. 0.80% 4.30%
Valero Energy Corp. 0.73% 1.16%
Newmont Corp. 0.73% 1.81%
Western Digital Corp. 0.70% 2.24%
NetApp, Inc. 0.61% 0.62%
Illinois Tool Works, Inc. 0.57% 0.75%
eBay, Inc. 0.54% 0.56%
Only in QLC
NVIDIA Corp. 7.10%
Microsoft Corp. 4.25%
Alphabet, Inc. 4.09%
Alphabet, Inc. 3.66%
Broadcom, Inc. 2.94%
Amazon.com, Inc. 2.59%
JPMorgan Chase & Co. 1.98%
Johnson & Johnson 1.81%
Only in SPHQ
Mastercard Inc 5.90%
Visa Inc 5.84%
Costco Wholesale Corp 3.96%
Sandisk Corp 3.08%
Texas Instruments Inc 2.27%
Intuitive Surgical Inc 1.47%
TJX Cos Inc/The 1.39%
Progressive Corp/The 1.36%

Check overlap with more funds →

On the same fields

QLC
Northern Trust US Quality Large Cap 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 +19.8% +18.0%
Expense ratio 0.25% 0.15%
Already in the S&P 500 96.4% 100.0%
Holdings 177 102
Net assets, QLC as of Jul 31, 2026 and SPHQ as of Oct 9, 2026 $1.0bn $19.1bn

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

About QLC

QLC tracks an index. Over the year to Oct 9, 2026 it returned +19.8% with distributions reinvested. The prospectus expense ratio is 0.25% a year. By its holdings filed for Jul 31, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 177 positions, with the top ten at 37.6%.

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, QLC or SPHQ?
In the year to Oct 9, 2026, with distributions reinvested, QLC returned +19.8% and SPHQ +18.0%.
Which is cheaper, QLC or SPHQ?
SPHQ is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do QLC and SPHQ overlap with the S&P 500?
By their latest filed holdings, 96% of QLC and 100% of SPHQ by weight is stocks the S&P 500 already holds.
Other comparisons
ESGU vs QLCIWV vs QLCDFUS vs QLCDGRW vs QLCEFIV vs SPHQDSPY vs SPHQSPHB vs SPHQSPHQ vs VOTE
QLC on its own →SPHQ on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
QLC filings on SEC EDGAR ↗QLC 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, QLC against SPHQ, data as of Oct 9, 2026. https://etfiq.com/compare/any/qlc-vs-sphq

Open data

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