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Data as of Oct 28, 2026.

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SPHQ vs USFR: Differences, Returns & Fees

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Over the year to Oct 28, 2026, SPHQ returned +14.1% to USFR's +4.1%; 0% of their weight is in the same names.

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Net assets: $18.7bn on Oct 27, 2026 for Invesco S&P 500 Quality ETF, and $17.0bn on May 31, 2026 for WisdomTree Floating Rate Treasury Fund.

SPHQ on its own →USFR on its own →
At a glance
+14.1%
SPHQ total return, 1 year
+4.1%
USFR total return, 1 year
0.15%
SPHQ expense ratio
0.15%
USFR expense ratio

Pair scorecard

Both cost 0.15% a year; their one-year returns differ by 10.0 points.

Points (pts) are percentage points.

SPHQ vs USFR: Differences, Returns & Fees
MeasureSPHQUSFR
Return
Total return, 1 year+14.1%+4.1%
Drawdown
Below its high6.4%, high on Jun 30, 2026
Benchmark
What it tracksS&P 500 Quality IndexBloomberg U.S. Treasury Floating Rate Bond Index
Cost and size
Expense ratio0.15%0.15%
Net assets, SPHQ as of Oct 27, 2026 and USFR as of May 31, 2026$18.7bn$17.0bn
Holdings
Holdings in common0%
In the S&P 500, by weight100%
Top ten holdings, share of the fund43.3%

Holdings in common uses holdings dated May 31, 2026 and Oct 27, 2026. Method

What they share

0%

By the books each fund has filed, SPHQ and USFR hold 0% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first SPHQ USFR
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 USFR
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 27.95%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 27.93%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 27.91%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 15.90%
Check overlap with more funds →

Side by side

SPHQ Invesco S&P 500 Quality ETF USFR WisdomTree Floating Rate Treasury Fund
Where it sits Stock ETF Bond ETF
Issuer Invesco WisdomTree
What it is Tracks the S&P 500 Quality Tracks an index of Floating Rate Treasury
Total return, 1 year +14.1% +4.1%
Its benchmark over the same days +13.7% (IVV) +4.0% (TFLO)
Gap to its benchmark +0.4 pts vs IVV +0.1 pts vs TFLO
Expense ratio 0.15% 0.15%
Holdings 102 4
Net assets, SPHQ as of Oct 27, 2026 and USFR as of May 31, 2026 $18.7bn $17.0bn

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

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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.

USFR

USFR tracks an index of Floating Rate Treasury. Over the year to Oct 28, 2026 it returned +4.1% with distributions reinvested, against +4.0% for its benchmark, the Bloomberg U.S. Treasury Floating Rate Bond Index.

Questions people ask

Which returned more over the last year, SPHQ or USFR?
In the year to Oct 28, 2026, with distributions reinvested, SPHQ returned +14.1% and USFR +4.1%.
Which is cheaper, SPHQ or USFR?
Neither: SPHQ and USFR both charge 0.15% a year. Fees come from each fund's prospectus.
Other comparisons
MINT vs SPHQBOXX vs SPHQSPHQ vs VBILSPHQ vs VUSBDFUS vs USFRDGRW vs USFRAVUS vs USFRGRNY vs USFR
Where to next
SPHQ on its own →USFR on its own →Hold both: look the portfolio through →Rankings →SPHQ dividend history →SPHQ holdings →USFR dividend history →USFR holdings →Standards and sources →
Sources and dates
SPHQ filings on SEC EDGAR ↗
SPHQ prospectus with the expense ratio (SEC) ↗
Invesco page for SPHQ ↗
USFR filings on SEC EDGAR ↗
USFR prospectus with the expense ratio (SEC) ↗
WisdomTree page for USFR ↗

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 USFR, data as of Oct 28, 2026. https://etfiq.com/compare/any/sphq-vs-usfr

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