Which returned more over the last year, SPHQ or TLT?

In the year to Oct 28, 2026, with distributions reinvested, SPHQ returned +14.1% and TLT −7.9%.

Which is cheaper, SPHQ or TLT?

Neither: SPHQ and TLT both charge 0.15% a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

SPHQ vs TLT: Differences, Returns & Fees

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Over the year to Oct 28, 2026, SPHQ returned +14.1% to TLT's −7.9%; 0% of their weight is in the same names.

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Net assets on Oct 27, 2026: $18.7bn for Invesco S&P 500 Quality ETF and $47.4bn for iShares 20+ Year Treasury Bond ETF.

SPHQ on its own →TLT on its own →

At a glance

+14.1%

SPHQ total return, 1 year

−7.9%

TLT total return, 1 year

0.15%

SPHQ expense ratio

0.15%

TLT expense ratio

Pair scorecard

Both cost 0.15% a year; their one-year returns differ by 22.0 points; TLT is 2.5 times larger.

Points (pts) are percentage points.

SPHQ vs TLT: Differences, Returns & Fees
Measure	SPHQ	TLT
Return
Measure	SPHQ	TLT
Total return, 1 year	+14.1%	−7.9%
Drawdown
Measure	SPHQ	TLT
Below its high	6.4%, high on Jun 30, 2026	42.6%, high on Aug 4, 2020
Benchmark
Measure	SPHQ	TLT
What it tracks	S&P 500 Quality Index	ICE U.S. Treasury 20+ Year Bond Index
Cost and size
Measure	SPHQ	TLT
Expense ratio	0.15%	0.15%
Net assets, as of Oct 27, 2026	$18.7bn	$47.4bn
Holdings
Measure	SPHQ	TLT
Holdings in common	0%
In the S&P 500, by weight	100%
Top ten holdings, share of the fund	43.3%

Holdings in common uses holdings dated Oct 27, 2026. Method

What they share

By the books each fund has filed, SPHQ and TLT hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first SPHQ TLT

Only in one fund ↓

Only in SPHQ

Mastercard Inc 6.25%

Visa Inc 6.23%

Apple Inc 5.96%

Costco Wholesale Corp 4.24%

GE Vernova Inc 3.81%

Cisco Systems Inc 3.65%

General Electric Co 3.33%

Lam Research Corp 3.32%

Only in TLT

TREASURY BOND 4.32%

TREASURY BOND 4.12%

TREASURY BOND (OLD) 4.07%

TREASURY BOND 4.02%

TREASURY BOND 3.93%

TREASURY BOND 3.92%

TREASURY BOND 3.89%

TREASURY BOND 3.88%

Check overlap with more funds →

Side by side

SPHQ Invesco S&P 500 Quality ETF TLT iShares 20+ Year Treasury Bond ETF

Where it sits Stock ETF Bond ETF

Issuer Invesco iShares

What it is Tracks the S&P 500 Quality Tracks an index of 20+ year Treasuries

Total return, 1 year +14.1% −7.9%

Its benchmark over the same days +13.7% (IVV) −7.8% (BBLB)

Gap to its benchmark +0.4 pts vs IVV −0.1 pts vs BBLB

Expense ratio 0.15% 0.15%

Holdings 102 47

Net assets, as of Oct 27, 2026 $18.7bn $47.4bn

SPHQ and TLT on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Alert

About each fund

SPHQ

SPHQ tracks the S&P 500 Quality. Over the year to Oct 28, 2026 it returned +14.1% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 102 positions, with the top ten at 43.3%. It sat 6.4% below its high of Jun 30, 2026 on Oct 28, 2026.

TLT

TLT tracks an index of 20+ year Treasuries. Over the year to Oct 28, 2026 it returned −7.9% with distributions reinvested, against −7.8% for its benchmark, the ICE U.S. Treasury 20+ Year Bond Index. It sat 42.6% below its high of Aug 4, 2020 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, SPHQ or TLT?: In the year to Oct 28, 2026, with distributions reinvested, SPHQ returned +14.1% and TLT −7.9%.
Which is cheaper, SPHQ or TLT?: Neither: SPHQ and TLT both charge 0.15% a year. Fees come from each fund's prospectus.

Other comparisons

EDV vs SPHQ SPHQ vs VGLT SPHQ vs VGIT SPHQ vs VCIT DFUS vs TLT DGRW vs TLT SPMO vs TLT AVUS vs TLT

Where to next

SPHQ on its own →TLT on its own →Hold both: look the portfolio through →Rankings →SPHQ dividend history →SPHQ holdings →TLT dividend history →TLT holdings →Standards and sources →

Sources and dates

SPHQ filings on SEC EDGAR ↗

SPHQ prospectus with the expense ratio (SEC) ↗

Invesco page for SPHQ ↗

TLT filings on SEC EDGAR ↗

TLT prospectus with the expense ratio (SEC) ↗

iShares page for TLT ↗

Links are sources, not endorsements. 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, SPHQ against TLT, data as of Oct 28, 2026. https://etfiq.com/compare/any/sphq-vs-tlt

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