OMFL vs SPHQ: Holdings Overlap
OMFLInvesco Russell 1000 Dynamic Multifactor ETF
Invesco · 478 holdings · $4.8B · as of 2026-05-31
SPHQInvesco S&P 500 Quality ETF
Invesco · 99 holdings · $20.0B · as of 2026-04-30
Holdings snapshots are 31 days apart (OMFL: 2026-05-31, SPHQ: 2026-04-30). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are OMFL and SPHQ?
Invesco Russell 1000 Dynamic Multifactor ETF (OMFL, by Invesco) holds 478 positions; Invesco S&P 500 Quality ETF (SPHQ, by Invesco) holds 99. They have 93 holdings in common, and by portfolio weight the two funds are 37.5% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 37.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 93OMFL holds 478 · SPHQ holds 99
- Weight in Shared Holdings
- OMFL 44%·SPHQ 94%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in OMFL
385 of 478 positions (55.9% of the fund) are not held by SPHQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | OMFL | SPHQ |
|---|---|---|
| Information Technology | 33.6% | 27.6% |
| Industrials | 9.7% | 24.5% |
| Consumer Staples | 8.2% | 15.3% |
| Financials | 11.1% | 13.4% |
| Communication Services | 11.2% | 2.0% |
| Other Sectors | 26.2% | 17.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| OMFL | +3.5% | +17.0% | +23.0% | +13.4% | +9.8% | — | 0.78% |
| SPHQ | -0.8% | +15.3% | +21.9% | +19.9% | +12.7% | +14.6% | 1.09% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in OMFL vs SPHQ →
Shared Holdings(93)
The top 10 shared positions account for 50% of the overlap, led by AAPL, V and LRCX.
 AAPLApple Inc. | 8.57% | 4.50% | 4.50% |
|---|---|---|---|
 VVisa Inc., Class A | 2.59% | 4.68% | 2.59% |
 LRCXLam Research Corp. | 2.17% | 4.09% | 2.17% |
 QCOMQUALCOMM Inc. | 2.75% | 2.03% | 2.03% |
 MAMastercard Inc., Class A | 1.76% | 4.32% | 1.76% |
 COSTCostco Wholesale Corp. | 1.34% | 4.81% | 1.34% |
 AMATApplied Materials, Inc. | 1.19% | 2.79% | 1.19% |
 TJXTJX Cos., Inc. (The) | 1.11% | 1.79% | 1.11% |
 MRKMerck & Co., Inc. | 1.03% | 2.86% | 1.03% |
 KLACKLA Corp. | 0.97% | 3.27% | 0.97% |
 ADBEAdobe Inc. | 0.94% | 1.44% | 0.94% |
 CSCOCisco Systems, Inc. | 0.83% | 3.54% | 0.83% |
 MNSTMonster Beverage Corp. | 0.83% | 0.82% | 0.82% |
 PGRProgressive Corp. (The) | 0.79% | 1.40% | 0.79% |
 ACNAccenture PLC, Class A | 0.78% | 1.04% | 0.78% |
 WDCWestern Digital Corp. | 0.77% | 2.15% | 0.77% |
 MCOMoody's Corp. | 0.75% | 0.86% | 0.75% |
 CLColgate-Palmolive Co. | 0.77% | 0.71% | 0.71% |
 EOGEOG Resources, Inc. | 0.70% | 0.70% | 0.70% |
 NEMNewmont Corp. | 0.70% | 1.22% | 0.70% |
 GEVGE Vernova Inc. | 0.55% | 3.15% | 0.55% |
 PGProcter & Gamble Co. (The) | 0.51% | 3.46% | 0.51% |
 FASTFastenal Co. | 0.48% | 0.53% | 0.48% |
 EMEEMCOR Group, Inc. | 0.56% | 0.47% | 0.47% |
 GWWW.W. Grainger, Inc. | 0.46% | 0.55% | 0.46% |
Frequently Asked Questions
How much do OMFL and SPHQ overlap?
OMFL and SPHQ overlap by 37.5% of portfolio weight. They share 93 holdings (OMFL holds 478 positions and SPHQ holds 99), based on each fund's latest SEC-reported holdings.
Is it redundant to own both OMFL and SPHQ?
The two portfolios are 37.5% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of OMFL and SPHQ?
The largest positions held by both funds are AAPL, V, LRCX, QCOM and MA. Together the top 10 shared positions account for 50% of the total overlap.
What does OMFL own that SPHQ doesn't?
385 positions (55.9% of OMFL) are unique to OMFL, led by NVDA, GOOGL and GOOG. In the other direction, 6 positions (6.1% of SPHQ) are unique to SPHQ.