Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
SPHQ vs XLG: how they differ
SPHQ and XLG hold 17% of their weight in the same names, and SPHQ returned more over the year.
Invesco S&P 500 Quality ETF and Invesco S&P 500 Top 50 ETF.
What they hold in common
By the books each fund has filed, SPHQ and XLG hold 17% of their money in the same securities at the same weight.
| Holding | SPHQ | XLG |
|---|---|---|
| Apple Inc | 5.60% | 11.58% |
| Visa Inc | 5.68% | 1.47% |
| Mastercard Inc | 5.78% | 1.10% |
| Cisco Systems Inc | 3.51% | 1.02% |
| Costco Wholesale Corp | 3.85% | 0.97% |
| Lam Research Corp | 4.10% | 0.90% |
| Applied Materials Inc | 2.39% | 0.87% |
| General Electric Co | 3.62% | 0.82% |
| Procter & Gamble Co/The | 2.86% | 0.80% |
| Netflix Inc | 4.00% | 0.77% |
| Sandisk Corp | 3.36% | 0.60% |
| GE Vernova Inc | 3.92% | 0.60% |
| Only in SPHQ | Only in XLG |
|---|---|
| Western Digital Corp 2.65% | NVIDIA Corp 12.79% |
| Newmont Corp 1.98% | Microsoft Corp 8.83% |
| AppLovin Corp 1.67% | Amazon.com Inc 5.95% |
| Seagate Technology Holdings PLC 1.54% | Alphabet Inc 4.71% |
| Fortinet Inc 1.44% | Broadcom Inc 4.12% |
| Progressive Corp/The 1.38% | Alphabet Inc 3.77% |
| TJX Cos Inc/The 1.29% | Meta Platforms Inc 3.42% |
| Intuitive Surgical Inc 1.27% | Micron Technology Inc 2.66% |
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 | XLG Invesco S&P 500 Top 50 ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Invesco | Invesco |
| What it is | S&P 500 Quality | S&P 500 top 50 |
| Total return, 1 year | +17.4% | +12.2% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −0.1 pts | −5.3 pts |
| Expense ratio | 0.15% | 0.20% |
| Already in the S&P 500 | 99.9% | 100.0% |
| Holdings | 100 | 52 |
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.
XLG in plain words
XLG is an index equity fund tracking the S&P 500 top 50. Over the year to Sep 11, 2026 it returned +12.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.20% 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 52 positions, with the top ten at 60.3%.
Questions people ask
- Which returned more over the last year, SPHQ or XLG?
- In the year to Sep 13, 2026, with distributions reinvested, SPHQ returned +17.4% and XLG returned +12.2%, so SPHQ returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, SPHQ or XLG?
- SPHQ charges 0.15% a year and XLG charges 0.20%, so SPHQ is cheaper. Fees come from each fund's prospectus.
- How much do SPHQ and XLG overlap with the S&P 500?
- By their latest filed holdings, 100% of SPHQ and 100% of XLG 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 XLG, data as of Sep 13, 2026. https://etfiq.com/compare/any/sphq-vs-xlg Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources