Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
QQQ vs SPHQ: how they differ
QQQ and SPHQ hold 24% of their weight in the same names, and QQQ returned more over the year.
Invesco QQQ Trust and Invesco S&P 500 Quality ETF.
What they hold in common
By the books each fund has filed, QQQ and SPHQ hold 24% of their money in the same securities at the same weight.
| Holding | QQQ | SPHQ |
|---|---|---|
| Apple Inc | 7.72% | 5.60% |
| Cisco Systems Inc | 1.88% | 3.51% |
| Costco Wholesale Corp | 1.78% | 3.85% |
| Lam Research Corp | 1.66% | 4.10% |
| Applied Materials Inc | 1.60% | 2.39% |
| Netflix Inc | 1.42% | 4.00% |
| Sandisk Corp | 1.11% | 3.36% |
| Texas Instruments Inc | 1.05% | 2.11% |
| KLA Corp | 1.03% | 2.33% |
| Seagate Technology Holdings PLC | 0.86% | 1.54% |
| QUALCOMM Inc | 0.83% | 2.51% |
| Western Digital Corp | 0.71% | 2.65% |
| Only in QQQ | Only in SPHQ |
|---|---|
| NVIDIA Corp 8.52% | Mastercard Inc 5.78% |
| Microsoft Corp 5.89% | Visa Inc 5.68% |
| Micron Technology Inc 4.90% | GE Vernova Inc 3.92% |
| Amazon.com Inc 4.36% | General Electric Co 3.62% |
| Advanced Micro Devices Inc 3.65% | Procter & Gamble Co/The 2.86% |
| Alphabet Inc 3.12% | Newmont Corp 1.98% |
| Meta Platforms Inc 3.07% | Progressive Corp/The 1.38% |
| Tesla Inc 2.92% | TJX Cos Inc/The 1.29% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 10, 2026.
| QQQ Invesco QQQ Trust | SPHQ Invesco S&P 500 Quality ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Invesco | Invesco |
| What it is | Nasdaq-100 | S&P 500 Quality |
| Total return, 1 year | +23.0% | +17.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +5.5 pts | −0.1 pts |
| Expense ratio | 0.18% | 0.15% |
| Already in the S&P 500 | 96.7% | 99.9% |
| Holdings | 105 | 100 |
QQQ in plain words
QQQ is an index equity fund tracking the Nasdaq-100. Over the year to Sep 11, 2026 it returned +23.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.18% a year. By its holdings filed for Sep 10, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 105 positions, with the top ten at 47.0%. It sat 4.1% below its high of Jun 2, 2026 on Sep 11, 2026.
SPHQ in plain words
SPHQ is an index equity fund tracking the S&P 500 Quality. Over the year to Sep 11, 2026 it returned +17.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Sep 10, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 100 positions, with the top ten at 43.4%. It sat 6.1% below its high of Jun 30, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, QQQ or SPHQ?
- In the year to Sep 13, 2026, with distributions reinvested, QQQ returned +23.0% and SPHQ returned +17.4%, so QQQ returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, QQQ or SPHQ?
- QQQ charges 0.18% a year and SPHQ charges 0.15%, so SPHQ is cheaper. Fees come from each fund's prospectus.
- How much do QQQ and SPHQ overlap with the S&P 500?
- By their latest filed holdings, 97% of QQQ and 100% of SPHQ by weight is stocks the S&P 500 already holds. Between the two funds, 24% of their books are the same securities at the same weight.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, QQQ against SPHQ, data as of Sep 13, 2026. https://etfiq.com/compare/any/qqq-vs-sphq Free to use with attribution; the underlying files are at Open data.
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