SPHQ vs VOO
Invesco S&P 500 Quality ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPHQ | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.03% | |
| AUM | $19.5B | $979.0B | |
| Dividend Yield | 1.04% | 1.09% | |
| Holdings | 102 | 509 | |
| YTD Return | +16.67% | +14.48% | |
| 1Y Return | +21.33% | +22.02% | |
| 3Y Return (annualized) | +20.58% | +21.80% | |
| 5Y Return (annualized) | +12.94% | +13.36% | |
| Volatility (annualized) | 15.4% | 14.2% | |
| Max Drawdown | -57.8% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 6, 2005 | Sep 7, 2010 |
SPHQ vs VOO Performance
Invesco S&P 500 Quality ETF (SPHQ) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year SPHQ returned +21.33% while VOO returned +22.02%. Year to date, SPHQ is up 16.67% versus a gain of 14.48% for VOO.
Over three years, SPHQ compounded at +20.58% per year against +21.80% for VOO; over five years the annualized figures are +12.94% and +13.36% respectively. Across the full 16-year window we track, VOO has the edge at +13.61% annualized vs +9.08%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPHQ has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 14.2% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -57.8% for SPHQ and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPHQ charges 0.15% per year while VOO charges 0.03%. On a $10,000 position that is $15 vs $3 annually, a gap of $12 per year that compounds over a long holding period. On income, SPHQ currently yields 1.04% against 1.09% for VOO.
Holdings Overlap
SPHQ and VOO share 100 holdings out of 505 unique holdings combined, representing a 19.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPHQ or VOO?
SPHQ has an expense ratio of 0.15% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, SPHQ or VOO?
Over the past year SPHQ returned +21.33% vs +22.02% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), SPHQ annualized +9.08% vs +13.61% for VOO. Past performance does not guarantee future results.
Which is riskier, SPHQ or VOO?
SPHQ has been the more volatile fund at 15.4% annualized versus 14.2% for VOO. Worst drawdown: SPHQ -57.8% vs VOO -34.3%.
Should I hold both SPHQ and VOO?
SPHQ and VOO have a monthly-return correlation of 0.95, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between SPHQ and VOO?
SPHQ and VOO share 100 common holdings with a 19.6% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, SPHQ or VOO?
SPHQ yields 1.04% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.