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SPHQ vs SQLT

Invesco S&P 500 Quality ETF

SPHQANYSE Arca

iShares MSCI USA Small-Cap Quality Factor ETF

SQLTBCboe

Overlap

Expense ratio

SPHQ −0.05pt a year

SPHQ0.15%SQLT0.20%

Avg volume · 30D

SPHQ 5202.7×the volume

SPHQ1.35MSQLT260

SPHQ vs SQLT Performance

Jul 31, 2026 – Oct 30, 2026

−1.8%SPHQ−1.2%SQLT

Jul 31, 2026 to Oct 30, 2026. SPHQ −1.8%. SQLT −1.2%. Use the arrow keys to read each point.0%2%4%Jul 2026Sep 2026Oct 2026
Expense ratio
SPHQ 0.15%, better
SQLT 0.20%
Fund size
SPHQ $18.5B
SQLT $7M
1Y total return
SPHQ +13.2%
SQLT No data
Yield (12M)
SPHQ 1.05%
SQLT No data
Holdings
SPHQ 102
SQLT 488
Avg volume (30D)
SPHQ 1.35M sh, better
SQLT 260 sh
NAV per share
SPHQ $82.92
SQLT $28.26
52W range

ETF.net Grade

SPHQ: Cost 84, Risk 62, Mission 69, Tradability 95, Holdings 38, Durability 91. SQLT: Cost 70, Risk 81, Mission not scored, Tradability 7, Holdings 92, Durability 33.
Pillar letters and Scores for SPHQ, SQLT, with each pillar’s weight
PillarSPHQSQLT
Cost30% weightA84HigherA70
Mission25% weightB69Not scored
Risk15% weightB62A81Higher
Tradability15% weightA95HigherF7
Holdings10% weightD38A92Higher
Durability5% weightA91HigherD33

Rank among US Quality Index funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. SPHQ and SQLT are both graded against the same 26 US Quality Index funds, so their Grades compare head to head.

US Quality Index⁠

Category · 26 funds
See all 26 ›

SPHQ ranks 4th and SQLT 10th of 26 funds in the US Quality Index Category.

  1. Rank 1AJQUAJPMorgan U.S. Quality Factor ETFScore 81
  2. Rank 1AQUALiShares MSCI USA Quality Factor ETFScore 81
  3. Rank 3AFQALFidelity Quality Factor ETFScore 75
  4. Rank 4ASPHQInvesco S&P 500 Quality ETFScore 74
  5. Rank 5AVFQYVanguard U.S. Quality Factor ETFScore 70
  6. Rank 9BVFLOVictoryShares Free Cash Flow ETFScore 63
  7. Rank 10BSQLTiShares MSCI USA Small-Cap Quality Factor ETFScore 60
  8. Rank 11CAVUQAvantis U.S. Quality ETFScore 55

Our read on each fund

ETF.net Research

SPHQAInvesco S&P 500 Quality ETF

SQLTBiShares MSCI USA Small-Cap Quality Factor ETF

In short

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.

SQLT No data

Stated mandate

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.

SQLT No data

Why people hold it

  • 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.

SQLT No data

Worth knowing

  • 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%.

SQLT No data

Full SPHQ profile⁠

Full SQLT profile⁠

SPHQ vs SQLT Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

SPHQ vs SQLT Cost

Overpaying SQLT vs SPHQ

$1,018

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

  • SPHQ 0.15%

    $3,137

  • SQLT 0.20%

    $4,155

$10,000
30 years

Cost over time

  • SPHQ 0.15%
  • SQLT 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K$5K051015202530SQLT $4,155SPHQ $3,137

Year by year

YearSPHQSQLTOverpaying
10$274$365$91
20$1,071$1,421$350
30$3,137$4,155$1,018

Expense ratio

  • 0.15%SPHQ, cheaper
  • 0.20%SQLT
  • Middle half of US Quality Index funds
  • Median 0.39%

SPHQ 3rd cheapest of 26 funds

SQLT 8th cheapest of 26 funds

SPHQ vs SQLT Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
SPHQ 1.05%
SQLT No data
Payout (12M)
SPHQ $0.87
SQLT No data
Last payment
SPHQ $0.15
SQLT $0.08
Ex-dividend
SPHQ Sep 21, 2026
SQLT Sep 15, 2026
Paid on
SPHQ Sep 25, 2026
SQLT Sep 18, 2026
Frequency
SPHQ Quarterly
SQLT Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SPHQQuarterly · 39 paymentsAll SPHQ payments⁠
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.$0$0.252017202020232026YTD
SQLTQuarterly · 2 paymentsAll SQLT payments⁠
One bar per payment. 2 payments from 2017 to 2026 YTD. Jun 15, 2026 $0.06; Sep 15, 2026 $0.08. Use the arrow keys to read each point.$0$0.252017202020232026YTD

SPHQ vs SQLT Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
SPHQ 12.5%SQLT No data
Return per unit of riskSharpe ratio, 3 years
SPHQ 1.23SQLT No data
Worst fallMax drawdown, 5 years
SPHQ −25.1%SQLT No data
Market sensitivityBeta, 5 years
SPHQ 0.81SQLT −0.34

SPHQ and SQLT in the news

All news⁠

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