QUAL vs SPHQ overlap - what they share and where they differ
QUAL and SPHQ share 39.7% of their weight across 48 common positions, read from what each fund reported to the SEC.
Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.
QUAL and SPHQ
39.7%
48 shared positions
QUAL
iShares MSCI USA Quality Factor ETF
Reported positions cover 100% of the fund, 124 positions · Jul 31, 2026
Top 10: 44.4%·Holdings of QUAL
SPHQ
Invesco S&P 500 Quality ETF
Reported positions cover 100% of the fund, 100 positions · Jul 31, 2026
Top 10: 43.1%·Holdings of SPHQ
Reported positions cover QUAL 100%, SPHQ 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
SPHQ vs QUAL side by side
QUALiShares MSCI USA Quality Factor ETF
124
stock positions reported to the SEC
53.2% of its weight is in 76 names SPHQ does not hold
SPHQInvesco S&P 500 Quality ETF
100
stock positions reported to the SEC
39.5% of its weight is in 52 names QUAL does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Industrials: SPHQ has 9.6 points more of it.
The figures side by side
| QUAL | SPHQ | |
|---|---|---|
| Filing date | Jul 31, 2026 | Jul 31, 2026 |
| Stock positions reported | 124 | 100 |
| Weight of the ten largest | 44.4% | 43.1% |
| Largest position | MSFT 7.2% | MA 5.8% |
| Held alone | 76 positions, 53.2% | 52 positions, 39.5% |
| Covered by stock positions | 100% | 100% |
Holdings they share
| Stock | In QUAL | In SPHQ | Counted |
|---|---|---|---|
| AAPLAPPLE INC. | 6.64% | 5.21% | 5.21% |
| LRCXLAM RESEARCH CORPORATION | 3.49% | 3.97% | 3.49% |
| VVISA INC. | 3.17% | 5.57% | 3.17% |
| AMATAPPLIED MATERIALS, INC. | 3.10% | 2.63% | 2.63% |
| KLACKLA CORPORATION | 2.47% | 2.37% | 2.37% |
| MAMASTERCARD INCORPORATED | 2.28% | 5.76% | 2.28% |
| NFLXNETFLIX, INC. | 1.71% | 3.71% | 1.71% |
| TJXTHE TJX COMPANIES, INC. | 3.98% | 1.58% | 1.58% |
| FTNTFORTINET, INC. | 1.15% | 1.45% | 1.15% |
| COSTCOSTCO WHOLESALE CORPORATION | 1.11% | 3.99% | 1.11% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in QUAL
Only in SPHQ
Questions people ask
Is QUAL the same as SPHQ?
39.7% of their weight sits in the same 48 holdings. QUAL also reports MSFT, NVDA, META, which the other does not. SPHQ also reports GEV, GE, CSCO, which the other does not.
How is the overlap between QUAL and SPHQ measured?
For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 100% of QUAL and 100% of SPHQ, so the number cannot exceed the smaller coverage.
Which holds more, SPHQ or QUAL?
QUAL reports 124 stock positions and SPHQ reports 100. 53.2% of QUAL's weight sits in names SPHQ does not hold, and 39.5% of SPHQ's weight in names QUAL does not hold. The ten largest positions are 44.4% of QUAL and 43.1% of SPHQ.
How do QUAL and SPHQ differ by sector?
The widest gap is Industrials: SPHQ has 9.6 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.
Where do the numbers come from?
From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.
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Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.