Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
SPHQ vs XLF: how they differ
SPHQ and XLF hold 17% of their weight in the same names, and SPHQ returned more over the year.
Invesco S&P 500 Quality ETF and State Street(R) Financial Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, SPHQ and XLF hold 17% of their money in the same securities at the same weight.
| Holding | SPHQ | XLF |
|---|---|---|
| Mastercard Inc | 5.78% | 5.69% |
| Visa Inc | 5.68% | 7.60% |
| Progressive Corp/The | 1.38% | 1.57% |
| Moody's Corp | 0.96% | 0.88% |
| Allstate Corp/The | 0.75% | 0.81% |
| Travelers Cos Inc/The | 0.73% | 0.97% |
| Ameriprise Financial Inc | 0.73% | 0.62% |
| Hartford Insurance Group Inc/The | 0.36% | 0.47% |
| Arch Capital Group Ltd | 0.32% | 0.42% |
| Cboe Global Markets Inc | 0.32% | 0.38% |
| Cincinnati Financial Corp | 0.23% | 0.33% |
| T Rowe Price Group Inc | 0.22% | 0.29% |
| Only in SPHQ | Only in XLF |
|---|---|
| Apple Inc 5.60% | JPMORGAN CHASE + CO 11.81% |
| Lam Research Corp 4.10% | BERKSHIRE HATHAWAY INC CL B 11.59% |
| Netflix Inc 4.00% | BANK OF AMERICA CORP 5.09% |
| GE Vernova Inc 3.92% | GOLDMAN SACHS GROUP INC 3.75% |
| Costco Wholesale Corp 3.85% | WELLS FARGO + CO 3.41% |
| General Electric Co 3.62% | MORGAN STANLEY 3.18% |
| Cisco Systems Inc 3.51% | CITIGROUP INC 2.94% |
| Sandisk Corp 3.36% | SCHWAB (CHARLES) CORP 2.19% |
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.
| SPHQ Invesco S&P 500 Quality ETF | XLF State Street(R) Financial Select Sector SPDR(R) ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Invesco | State Street |
| What it is | S&P 500 Quality | Financials |
| Total return, 1 year | +17.4% | +7.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −0.1 pts | −9.9 pts |
| Expense ratio | 0.15% | 0.08% |
| Already in the S&P 500 | 99.9% | 100.0% |
| Holdings | 100 | 79 |
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.
XLF in plain words
XLF is an index equity fund tracking the Financials. Over the year to Sep 11, 2026 it returned +7.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.08% 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 79 positions, with the top ten at 57.3%.
Questions people ask
- Which returned more over the last year, SPHQ or XLF?
- In the year to Sep 13, 2026, with distributions reinvested, SPHQ returned +17.4% and XLF returned +7.6%, so SPHQ returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, SPHQ or XLF?
- SPHQ charges 0.15% a year and XLF charges 0.08%, so XLF is cheaper. Fees come from each fund's prospectus.
- How much do SPHQ and XLF overlap with the S&P 500?
- By their latest filed holdings, 100% of SPHQ and 100% of XLF by weight is stocks the S&P 500 already holds. Between the two funds, 17% of their books are the same securities at the same weight.
Other comparisons
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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, SPHQ against XLF, data as of Sep 13, 2026. https://etfiq.com/compare/any/sphq-vs-xlf Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources