DUHP vs SPHQ

DUHPBU.S. High Relative Profitability Portfolio ETF Class Shares

SPHQAInvesco S&P 500 Quality ETF

In short

DUHP Most factor funds pick one lane. DUHP screens US companies for high profitability, layers a value tilt on top, and charges 0.20% for the combination, well under half the going rate among its factor-fund peers.

SPHQ Live 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

DUHP The fund seeks long-term capital appreciation.

SPHQ 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

• DUHP At 0.20% a year it undercuts its peer group's median fee by more than half, and it is the cheapest of the group's strongest names, including AVUV and AVSC at 0.25%.
• Two screens, one fund: high profitability plus a value tilt, both named in the prospectus rather than buried in a black box. The stated goal is long-term capital appreciation.
• Roughly 170 US stocks, quarterly payouts, and a multi-billion-dollar, actively traded book. It behaves like a settled fund, not a launch-week experiment.
• Dimensional runs this as an active mandate, and the result sits in the top quartile of its peer group on our review of cost, structure and durability.

• SPHQ 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

• DUHP The profitability screen leaves out unprofitable companies by design, so the lineup can look and behave quite differently from a broad US market fund.
• Roughly 170 names is a sliver of the US market, so single stocks and sector tilts carry more weight here than in an index fund holding thousands.
• Launched in 2022, which makes for a short live record to judge.

• SPHQ 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%.

Full DUHP profile⁠

Full SPHQ profile⁠