SPHQ vs VTI
Invesco S&P 500 Quality ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | SPHQ | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.03% | |
| AUM | $20.1B | $666.9B | |
| Dividend Yield | 1.10% | 1.07% | |
| Holdings | 102 | 3,543 | |
| YTD Return | +14.18% | +12.65% | |
| 1Y Return | +19.62% | +21.39% | |
| 3Y Return (annualized) | +20.13% | +21.54% | |
| 5Y Return (annualized) | +12.62% | +12.11% | |
| Volatility (annualized) | 15.4% | 15.3% | |
| Max Drawdown | -57.8% | -56.6% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 6, 2005 | May 24, 2001 |
SPHQ vs VTI Performance
Invesco S&P 500 Quality ETF (SPHQ) is a ETF from Invesco (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year SPHQ returned +19.62% while VTI returned +21.39%. Year to date, SPHQ is up 14.18% versus a gain of 12.65% for VTI.
Over three years, SPHQ compounded at +20.13% per year against +21.54% for VTI; over five years the annualized figures are +12.62% and +12.11% respectively. Across the full 21-year window we track, SPHQ has the edge at +8.96% annualized vs +8.07%. 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 15.3% for VTI. 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 -56.6% for VTI. 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 0.90. 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 VTI 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 1.07% for VTI.
Holdings Overlap
SPHQ and VTI share 90 holdings out of 2797 unique holdings combined, representing a 17.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPHQ or VTI?
SPHQ has an expense ratio of 0.15% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, SPHQ or VTI?
Over the past year SPHQ returned +19.62% vs +21.39% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (21 years), SPHQ annualized +8.96% vs +8.07% for VTI. Past performance does not guarantee future results.
Which is riskier, SPHQ or VTI?
SPHQ has been the more volatile fund at 15.4% annualized versus 15.3% for VTI. Worst drawdown: SPHQ -57.8% vs VTI -56.6%.
Should I hold both SPHQ and VTI?
SPHQ and VTI have a monthly-return correlation of 0.90, 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 VTI?
SPHQ and VTI share 90 common holdings with a 17.6% weight overlap. Combined, they hold 2797 unique securities.
Which pays a higher dividend, SPHQ or VTI?
SPHQ yields 1.10% while VTI yields 1.07%, so SPHQ currently pays the higher dividend yield.
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