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QUAL vs SPHB: Differences, Returns & Fees

QUAL and SPHB hold 11% of their weight in the same names, and SPHB returned +37.4% over the year. Net assets on Oct 9, 2026: $49.0bn for iShares MSCI USA Quality Factor ETF and $1.0bn for Invesco S&P 500 High Beta ETF.

QUAL costs 0.10 points a year less; their one-year returns differ by 20.3 points; QUAL is far larger, $49.0bn against $1.0bn.

QUAL vs SPHB: Differences, Returns & Fees
QUALSPHB
Expense ratio0.15%0.25%
Net assets$49.0bn$1.0bn
Total return, 1 year+17.1%+37.4%
What it tracksMSCI USA Sector Neutral Quality Index ?S&P 500 High Beta Index
Holdings in common11%
Holdings datedOct 9, 2026Oct 10, 2026
Top ten holdings, share of the fund45.7%20.4%

Holdings in common uses holdings dated Oct 9, 2026.

+17.1%
QUAL total return, 1 year
+37.4%
SPHB total return, 1 year
0.15%
QUAL expense ratio
0.25%
SPHB expense ratio

What they hold in common

By the books each fund has filed, QUAL and SPHB hold 11% 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 9, 2026.

half

11% in common

Positions both hold, largest shared weight first
Holding QUAL SPHB
LAM RESEARCH 3.69% 1.58%
KLA 2.57% 1.32%
APPLIED MATERIAL INC 3.01% 1.26%
ARISTA NETWORKS 1.61% 1.10%
NVIDIA 6.49% 0.98%
META PLATFORMS CLASS A 4.62% 0.88%
ALPHABET CLASS A 1.97% 0.69%
COMFORT SYSTEMS USA 0.59% 1.24%
CADENCE DESIGN SYSTEMS 0.57% 0.92%
APPLOVIN CLASS A 0.51% 1.00%
TERADYNE 0.38% 1.63%
NETAPP INC 0.30% 0.78%
Only in QUAL
MICROSOFT 8.01%
APPLE 7.03%
ELI LILLY 3.65%
TJX 3.41%
VISA CLASS A 3.24%
EXXONMOBIL HOLDINGS CORP 2.31%
MASTERCARD CLASS A 2.28%
JOHNSON & JOHNSON 2.04%
Only in SPHB
Moderna Inc 3.07%
Sandisk Corp 2.56%
Advanced Micro Devices Inc 2.01%
Super Micro Computer Inc 1.99%
Micron Technology Inc 1.93%
Marvell Technology Inc 1.93%
Coinbase Global Inc 1.86%
Robinhood Markets Inc 1.75%

Check overlap with more funds →

On the same fields

QUAL
iShares MSCI USA Quality Factor ETF
SPHB
Invesco S&P 500 High Beta ETF
Where it sits Stock ETF Stock ETF
Issuer iShares Invesco
What it is Tracks the MSCI USA Quality Factor Tracks an index
Total return, 1 year +17.1% +37.4%
Expense ratio 0.15% 0.25%
Already in the S&P 500 97.2% 100.0%
Holdings 119 101
Net assets $49.0bn $1.0bn

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

About QUAL

QUAL tracks the MSCI USA Quality Factor. Over the year to Oct 9, 2026 it returned +17.1% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 9, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 119 positions, with the top ten at 45.7%.

About SPHB

SPHB tracks an index. Over the year to Oct 9, 2026 it returned +37.4% with distributions reinvested. The prospectus expense ratio is 0.25% 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 101 positions, with the top ten at 20.4%.

Questions people ask

Which returned more over the last year, QUAL or SPHB?
In the year to Oct 9, 2026, with distributions reinvested, QUAL returned +17.1% and SPHB +37.4%.
Which is cheaper, QUAL or SPHB?
QUAL 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 QUAL and SPHB overlap with the S&P 500?
By their latest filed holdings, 97% of QUAL and 100% of SPHB by weight is stocks the S&P 500 already holds.
Other comparisons
EFIV vs QUALDSPY vs QUALQUAL vs VOTEQUAL vs STXFDIA vs SPHBDYNF vs SPHBCGDV vs SPHBDGRW vs SPHB
QUAL on its own →SPHB on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
QUAL filings on SEC EDGAR ↗QUAL prospectus with the expense ratio (SEC) ↗iShares page for QUAL ↗SPHB filings on SEC EDGAR ↗SPHB prospectus with the expense ratio (SEC) ↗Invesco page for SPHB ↗

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

Open data

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