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Launched · SEC filings

Invesco S&P 500 Quality ETF

SPHQNYSE ArcaInvescoA

$83.14+0.17 (+0.20%)

At close: Nov 2, 2026, 4:00 PM ET

A74/ 100

Rank 4 of 26 in US Quality Index

A74/100Rank 4 of 26inUS Quality Index
Intraday session: up, 79 prints from 82.97 to 83.14. Range 83.13 to 84.07. Use the arrow keys to read each point.83.4083.6083.8084.0010 AM12 PM2 PM4 PM
Expense ratio
0.15%*
Fund size
$18.5B
1Y total return
+13.2%
Yield · Last 12 months
1.05%
Holdings
102
Avg volume · 30D
1.35M sh
52W range
low $71.57high $90.36
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Aug 31, 2028. Without it: 0.20%.

The ETF.net SPHQ Grade

A

Score 74 out of 100

Category
US Quality Index⁠
Rank
4 of 26
Six-pillar profile for SPHQ. Scores out of 100: Cost 84, Risk 62, Mission 69, Tradability 95, Holdings 38, Durability 91. Strongest: Tradability (95). Weakest: Holdings (38). Leans toward Tradability and Durability.

Score 74 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A84 out of 100
    Rank 3 of 26

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    B69 out of 100
    Rank 10 of 19

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B62 out of 100
    Rank 9 of 26

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A95 out of 100
    Rank 3 of 26

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D38 out of 100
    Rank 20 of 26

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A91 out of 100
    Rank 2 of 26

Our read on SPHQ

ETF.net Research

In short

ALive since 2005, SPHQ is an elder statesman of quality investing: rank the S&P 500 on profitability, earnings quality and balance-sheet strength, hold the top 100, charge 0.15% net of a waiver through August 31, 2028.

Stated mandate

The fund seeks exposure to the S&P 500 Quality Index and normally invests at least 90% of assets in common stocks included in that index.

Why people hold it

  • 0.15% net of a waiver through August 31, 2028 (0.20% gross), below the median for quality factor funds and level with QUAL and FQAL at 0.15%.
  • The rules are published and mechanical: score the S&P 500 on return on equity, accruals ratio and financial leverage ratio, take the top 100, weight by quality score times market cap.spglobal.com
  • Universe discipline: candidates come only from the S&P 500, so every holding is an established large cap rather than a smaller name screened in from a broader pool.spglobal.com
  • A multi-billion-dollar fund that trades actively, pays quarterly, and has run since 2005. It sits in the stronger tier of quality factor ETFs.

Worth knowing

  • About 100 stocks, weighted by quality score times market cap, so the biggest high-scorers carry real weight. Narrower than owning the full S&P 500.spglobal.com
  • The index rebalances semiannually, so a company whose fundamentals slip mid-period stays in the portfolio until the next reshuffle.spglobal.com
  • Two peers undercut it on fee: JQUA at 0.12% and VFQY at 0.13%.

SPHQ Performance

Launched Dec 6, 2005

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

SPHQ$11,325
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. SPHQ $11,325. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for SPHQ. Periods over one year show the average yearly return.
PeriodSPHQ
Year to date+11.4%
1 month−1.3%
3 months−1.8%
1 year+13.2%
3 yearsper year+20.9%
5 yearsper year+11.5%
10 yearsper year+14.6%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SPHQ
YearReturn barSPHQ
2026 YTD+11.4%
2025+13.2%
2024+25.4%
2023+24.8%
2022−15.8%
2021+28.0%
2020+17.4%

SPHQ in the news

SPHQ Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
1.05%Last 12 months
Payout per share
$0.87Last 12 months
Last payment
$0.15 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.02; Jun 16, 2017 $0.11; Sep 18, 2017 $0.19; Dec 18, 2017 $0.16; Mar 19, 2018 $0.10; Jun 18, 2018 $0.11; Sep 24, 2018 $0.16; Dec 24, 2018 $0.14; Mar 18, 2019 $0.08; Jun 24, 2019 $0.14; Sep 23, 2019 $0.16; Dec 23, 2019 $0.17; Mar 23, 2020 $0.17; Jun 22, 2020 $0.16; Sep 21, 2020 $0.14; Dec 21, 2020 $0.18; Mar 22, 2021 $0.14; Jun 21, 2021 $0.14; Sep 20, 2021 $0.17; Dec 20, 2021 $0.17; Mar 21, 2022 $0.17; Jun 21, 2022 $0.20; Sep 19, 2022 $0.21; Dec 19, 2022 $0.23; Mar 20, 2023 $0.20; Jun 20, 2023 $0.19; Sep 18, 2023 $0.18; Dec 18, 2023 $0.20; Mar 18, 2024 $0.21; Jun 24, 2024 $0.18; Sep 23, 2024 $0.19; Dec 23, 2024 $0.19; Mar 24, 2025 $0.20; Jun 23, 2025 $0.17; Sep 22, 2025 $0.22; Dec 22, 2025 $0.23; Mar 23, 2026 $0.28; Jun 22, 2026 $0.20; Sep 21, 2026 $0.15. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 21, 2026Sep 25, 2026$0.15
Jun 22, 2026Jun 26, 2026$0.20
Mar 23, 2026Mar 27, 2026$0.28
Dec 22, 2025Dec 26, 2025$0.23
Sep 22, 2025Sep 26, 2025$0.22
Jun 23, 2025Jun 27, 2025$0.17
Mar 24, 2025Mar 28, 2025$0.20
Dec 23, 2024Dec 27, 2024$0.19
Sep 23, 2024Sep 27, 2024$0.19
Jun 24, 2024Jun 28, 2024$0.18
Mar 18, 2024Mar 22, 2024$0.21
Dec 18, 2023Dec 22, 2023$0.20

See all 64 payments⁠

$10,000 in SPHQ 10 years ago paid $2,821 in dividends.⁠

SPHQ Risk

Risk pillarB62 out of 100Rank 9 of 26 in US Quality Index
How much the fund’s monthly returns vary, scaled to a year.
12.5%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.23
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−25.1%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.81
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

SPHQ Cost

Compare SPHQ and JQUA

Overpaying vs JQUA, cheapest in US Quality Index

$617

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SPHQ 0.15%

    $3,137

  • JQUA 0.12% Cheapest

    $2,520

$10,000
30 years

Cost over time

  • SPHQ 0.15%
  • JQUA 0.12%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530SPHQ $3,137JQUA $2,520

Year by year

YearSPHQJQUAOverpaying
10$274$220$54
20$1,071$859$212
30$3,137$2,520$617
How the 0.15% is worked out

Full fee 0.20%− waiver 0.05%= you pay 0.15%

The waiver ends Aug 31, 2028. After that the fee is 0.20% unless Invesco renews it. Source: prospectus, Aug 2026.

Other funds in US Quality Index

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