SPHQ — Invesco S&P 500 Quality ETF

SPHQ Price Performance — Growth of $10,000

Value of a $10,000 investment in SPHQ over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

SPHQ Drawdown

The "underwater" chart: SPHQ's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Invesco S&P 500 Quality ETF, trading under the ticker SPHQ, operates within the US Quality / Factor category managed by Invesco. This fund holds a substantial asset base of $20.4 billion and carries an expense ratio of 0.15%. It currently ranks #121 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of B with a score of 68.9 out of 100. The fund offers a dividend yield of 1.04% and trades at a price of $84.52. Within its specific category of 16 ETFs, the fund's significant assets under management suggest a notable level of investor adoption relative to its peers. The combination of its large AUM and moderate expense ratio positions it as a substantial vehicle for exposure to quality factors in the US market.

Short-term performance shows negative returns, with the fund down -0.61% over one day, -1.39% over one week, and -2.68% over one month. However, the trend shifts to positive territory over longer horizons, posting a 3-month return of +5.54% and a 6-month return of +10.01%. Year-to-date gains stand at +12.76%, while the 1-year return reaches +17.31%. The long-term trajectory is particularly strong, with a 3-year return of +70.09%. This pattern indicates a divergence where recent short-term weakness contrasts with sustained growth over the past year and three years. The acceleration from the 1-month decline to the 3-year gain highlights a recovery and growth phase following the recent pullback.

The fund is classified with a Low volatility label and exhibits a beta of 0.81, indicating it tends to move less than the broader market. A Sharpe ratio of 0.86 suggests the fund has generated a moderate amount of excess return per unit of risk taken. Despite the lower volatility profile, the maximum drawdown reached -16.57%, reflecting the magnitude of the largest peak-to-trough decline experienced. This combination of a beta below 1.0 and a low volatility label implies the fund generally experiences smaller price swings than the average equity fund. The Sharpe ratio and maximum drawdown figures together illustrate a risk-adjusted return profile that balances moderate downside protection with significant long-term appreciation potential.

AI-generated summary based on the data on this page.

SPHQ Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 40.7% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how SPHQ's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With SPHQ

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with SPHQ's top 10 — IYJ overlaps most, holding 4 of the same companies as SPHQ's top 10 (16.9% of SPHQ's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

SPHQ Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 10.67% and average daily volume is 1.6M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $20.4B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: SPHQ is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

SPHQ Performance History

How SPHQ Compares to Other US Quality / Factor ETFs