SPHQ vs VOO
Invesco S&P 500 Quality ETF vs Vanguard S&P 500 ETF
Which is better, SPHQ or VOO?
Each has led over a different period.
VOO has a lower expense ratio. SPHQ led over the full window, VOO over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.94. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 43.1%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SPHQ | VOO |
|---|---|---|
| Expense Ratio | 0.15% | 0.03%Best |
| AUM | $18.7B | $997.4B |
| Dividend Yield | 1.10% | 1.04% |
| Holdings | 102 | 509 |
| YTD Return | +12.87% | +13.31%Best |
| 1Y Return | +16.50% | +17.07%Best |
| 3Y Return (annualized) | +20.05% | +22.72%Best |
| 5Y Return (annualized) | +12.48% | +13.19%Best |
| Volatility (annualized) | 13.4%Best | 14.1% |
| Max Drawdown | -32.0%Best | -34.3% |
| $10,000 over 5 years | $18,004 | $18,580Best |
| Top 10 Weight | 43.1% | 37.6%Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 6, 2005 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 23, 2026 (16 years).
SPHQ vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 16 years both funds cover.
SPHQ vs VOO Performance
Invesco S&P 500 Quality ETF (SPHQ) is an ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year SPHQ returned +16.50% while VOO returned +17.07%. Year to date, SPHQ is up 12.87% versus a gain of 13.31% for VOO.
Over three years, SPHQ compounded at +20.05% per year against +22.72% for VOO; over five years the annualized figures are +12.48% and +13.19% respectively. Across the full 16-year window we track, SPHQ has the edge at +13.53% annualized vs +13.43%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 13.4% for SPHQ. 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 -32.0% for SPHQ and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. 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 1.10% against 1.04% for VOO.
Holdings Overlap
99.8% of SPHQ's money is in holdings VOO also owns. 21.1% of VOO's money is in holdings SPHQ also owns.
Most of SPHQ is already inside VOO. Owning both mostly buys the same companies twice.
97 positions in common, counted across the 100 positions we hold weights for in SPHQ and 494 in VOO, against full books of 102 and 509.
What only one of them owns
Our book lists 391 positions for VOO that do not appear in our book for SPHQ (78.1% of the fund), and 3 for SPHQ that do not appear in VOO (0.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in SPHQ | Weight in VOO | Difference |
|---|---|---|---|
| AAPLApple, Inc | 5.32% | 7.05% | 1.73% |
| VVisa Inc Class A | 5.76% | 0.93% | 4.83% |
| MAMastercard Inc | 5.90% | 0.72% | 5.18% |
| NFLXNetflix, Inc. | 4.18% | 0.47% | 3.71% |
| LRCXLrcx Uw Equity | 4.07% | 0.57% | 3.50% |
| COSTCostco Wholesale Corp. | 3.94% | 0.66% | 3.28% |
| GEGeneral Electric Co. | 3.67% | 0.58% | 3.09% |
| CSCOCisco Systems Inc. - Ordinary Shares | 3.54% | 0.71% | 2.83% |
| GEVGE Vernova Inc. CDR (CAD Hedged) | 3.73% | 0.41% | 3.32% |
| PGProcter & Gamble Company | 2.85% | 0.52% | 2.33% |
99.8% of SPHQ is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $12 a year on a $10,000 investment.
Which performed better, SPHQ or VOO?
Over the past year SPHQ returned +16.50% vs +17.07% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), SPHQ annualized +13.53% vs +13.43% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPHQ or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 13.4% for SPHQ. Worst drawdown: SPHQ -32.0% vs VOO -34.3%.
Should I hold both SPHQ and VOO?
SPHQ and VOO have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between SPHQ and VOO?
99.8% of SPHQ's money is in holdings VOO also owns. 21.1% of VOO's is in holdings SPHQ also owns. They hold 97 positions in common, counted across the 100 positions we hold weights for in SPHQ and 494 in VOO.
Which pays a higher dividend, SPHQ or VOO?
SPHQ yields 1.10% while VOO yields 1.04%, so SPHQ currently pays the higher dividend yield.
Is VOO better than SPHQ?
VOO has a lower expense ratio. SPHQ led over the full window, VOO over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.94. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 43.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.