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SPHQ vs TPFC

Invesco S&P 500 Quality ETF

SPHQANYSE Arca

Timothy Plan Free Cash Flow ETF

TPFCDNYSE Arca

Overlap

Expense ratio

SPHQ −0.44pt a year

SPHQ0.15%TPFC0.59%

Avg volume · 30D

SPHQ 47.4×the volume

SPHQ1.35MTPFC28.6K

SPHQ vs TPFC Performance

Jul 31, 2026 – Oct 30, 2026

−1.8%SPHQ+7.9%TPFC

Jul 31, 2026 to Oct 30, 2026. SPHQ −1.8%. TPFC +7.9%. Use the arrow keys to read each point.0%2%4%6%Jul 2026Sep 2026Oct 2026
Expense ratio
SPHQ 0.15%, better
TPFC 0.59%
Fund size
SPHQ $18.5B
TPFC $45M
1Y total return
SPHQ +13.2%
TPFC No data
Yield (12M)
SPHQ 1.05%
TPFC No data
Holdings
SPHQ 102
TPFC 51
Avg volume (30D)
SPHQ 1.35M sh, better
TPFC 28.6K sh
NAV per share
SPHQ $82.92
TPFC $28.76
52W range

ETF.net Grade

SPHQ: Cost 84, Risk 62, Mission 69, Tradability 95, Holdings 38, Durability 91. TPFC: Cost 10, Risk 79, Mission not scored, Tradability 52, Holdings 51, Durability 37.
Pillar letters and Scores for SPHQ, TPFC, with each pillar’s weight
PillarSPHQTPFC
Cost30% weightA84HigherF10
Mission25% weightB69Not scored
Risk15% weightB62A79Higher
Tradability15% weightA95HigherC52
Holdings10% weightD38C51Higher
Durability5% weightA91HigherD37

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 TPFC 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 TPFC 22nd 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 21CQFRDPacer S&P 500 Quality FCF R&D Leaders ETFScore 40
  7. Rank 22DTPFCTimothy Plan Free Cash Flow ETFScore 39
  8. Rank 23DABOTAbacus FCF Innovation Leaders ETFScore 31

Our read on each fund

ETF.net Research

SPHQAInvesco S&P 500 Quality ETF

TPFCDTimothy Plan Free Cash Flow 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.

TPFC Free cash flow investing with a faith filter. TPFC tracks a Victory index that ranks profitable US companies on free cash flow yield, then screens out what fails biblically responsible rules. Launched 2026.

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.

TPFC The Fund seeks to track, before fees and expenses, the Victory Free Cash Flow BRI Index.

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.
  • TPFC Profitable US companies ranked by free cash flow yield, with the biblically responsible exclusions written into the index rules rather than left to a manager's discretion.b-cdn.net
  • Rules on a calendar: the index reconstitutes twice a year, in April and October, and applies sector and single-name weight limits so one name cannot swallow the portfolio.b-cdn.net
  • Victory Capital sub-advises, continuing a partnership that began with Timothy Plan's first ETFs in 2019. The free cash flow engine is older than the wrapper around it.globenewswire.com

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%.
  • TPFC 0.59% a year sits above the 0.45% median for index wrappers, and broad peers like SCHK (0.03%) mark the floor. The screen and the factor tilt are what the extra buys.
  • Small asset base and thin trading so far, which tends to mean wider bid-ask spreads, and a 2026 launch leaves little live history to judge.
  • Ruling out whole industries narrows the pool. Timothy Plan itself notes its funds may be riskier than funds drawing on a broader universe.globenewswire.com

Full SPHQ profile⁠

Full TPFC profile⁠

SPHQ vs TPFC 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 TPFC Cost

Overpaying TPFC vs SPHQ

$8,498

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

  • SPHQ 0.15%

    $3,137

  • TPFC 0.59%

    $11,635

$10,000
30 years

Cost over time

  • SPHQ 0.15%
  • TPFC 0.59%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530TPFC $11,635SPHQ $3,137

Year by year

YearSPHQTPFCOverpaying
10$274$1,058$784
20$1,071$4,051$2,980
30$3,137$11,635$8,498

Expense ratio

  • 0.15%SPHQ, cheaper
  • 0.59%TPFC
  • Middle half of US Quality Index funds
  • Median 0.39%

SPHQ 3rd cheapest of 26 funds

TPFC 23rd cheapest of 26 funds

SPHQ vs TPFC Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
SPHQ 1.05%
TPFC No data
Payout (12M)
SPHQ $0.87
TPFC No data
Last payment
SPHQ $0.15
TPFC $0.0083
Ex-dividend
SPHQ Sep 21, 2026
TPFC Oct 8, 2026
Paid on
SPHQ Sep 25, 2026
TPFC Oct 9, 2026
Frequency
SPHQ Quarterly
TPFC Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

SPHQQuarterly · 15 paymentsAll SPHQ payments⁠
One bar per payment. 15 payments from 2023 to 2026 YTD. 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$0.2520232026YTD
TPFCMonthly · 5 paymentsAll TPFC payments⁠
One bar per payment. 5 payments from 2023 to 2026 YTD. Jun 9, 2026 $0.02; Jul 9, 2026 $0.01; Aug 7, 2026 $0.01; Sep 9, 2026 $0.03; Oct 8, 2026 $0.0083. Use the arrow keys to read each point.$0$0.2520232026YTD

SPHQ vs TPFC 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%TPFC No data
Return per unit of riskSharpe ratio, 3 years
SPHQ 1.23TPFC No data
Worst fallMax drawdown, 5 years
SPHQ −25.1%TPFC No data
Market sensitivityBeta, 5 years
SPHQ 0.81TPFC 2.60

SPHQ and TPFC in the news

All news⁠

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