QUAL vs SPGP: Holdings Overlap
QUALiShares MSCI USA Quality Factor ETF
iShares · 121 holdings · $47.8B · as of 2026-04-30
Invesco · 73 holdings · $2.3B · as of 2026-04-30
How similar are QUAL and SPGP?
iShares MSCI USA Quality Factor ETF (QUAL, by iShares) holds 121 positions; Invesco S&P 500 GARP ETF (SPGP, by Invesco) holds 73. They have 37 holdings in common, and by portfolio weight the two funds are 26.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 26.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 37QUAL holds 121 · SPGP holds 73
- Weight in Shared Holdings
- QUAL 47%·SPGP 48%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 QUAL
84 of 121 positions (53.1% of the fund) are not held by SPGP. Showing the top 30 by weight.
Sector Breakdown
| Sector | QUAL | SPGP |
|---|---|---|
| Information Technology | 34.4% | 18.0% |
| Financials | 11.6% | 25.7% |
| Industrials | 9.4% | 18.1% |
| Consumer Discretionary | 9.8% | 18.0% |
| Communication Services | 11.0% | 6.6% |
| Other Sectors | 23.6% | 13.6% |
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 |
|---|---|---|---|---|---|---|---|
| QUAL | +3.6% | +14.1% | +23.7% | +19.0% | +11.5% | +14.4% | 0.84% |
| SPGP | +3.2% | +13.3% | +20.4% | +12.0% | +8.3% | +15.2% | 0.79% |
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 QUAL vs SPGP →
Shared Holdings(37)
The top 10 shared positions account for 53% of the overlap, led by NVDA, SLB and ANET.
 NVDANVIDIA Corp. COM | 6.50% | 2.72% | 2.72% |
|---|---|---|---|
 SLBSLB Ltd. COM USD0.01 | 1.56% | 1.74% | 1.56% |
 ANETArista Networks Inc COM SHS | 1.49% | 2.60% | 1.49% |
 CATCaterpillar Inc COM | 2.52% | 1.45% | 1.45% |
 KLACKLA Corp. COM NEW | 2.78% | 1.38% | 1.38% |
 GOOGAlphabet Inc. CAP STK CL C | 2.11% | 1.15% | 1.15% |
 LLYEli Lilly & Co. COM | 2.92% | 1.11% | 1.11% |
 MAMasterCard Incorporated CL A | 2.30% | 1.04% | 1.04% |
 CMGChipotle Mexican Grill, Inc., Class A | 1.02% | 1.22% | 1.02% |
 METAMeta Platforms, Inc., Class A | 3.49% | 1.02% | 1.02% |
 VVisa, Inc., Class A | 3.08% | 0.97% | 0.97% |
 NFLXNetflix, Inc. COM | 1.99% | 0.92% | 0.92% |
 ADBEAdobe Inc COM | 1.19% | 0.87% | 0.87% |
 TTTrane Technologies PLC COM USD1 | 0.83% | 1.32% | 0.83% |
 MSFTMicrosoft Corp. COM | 5.04% | 0.78% | 0.78% |
 FTNTFortinet Inc COM | 0.76% | 1.69% | 0.76% |
 TPLTexas Pacific Land Corporation COM | 0.71% | 1.67% | 0.71% |
 MPWRMonolithic Power Systems Inc. COM | 0.70% | 3.13% | 0.70% |
 APPAppLovin Corp., Class A | 0.67% | 1.36% | 0.67% |
 HALHalliburton Company COM | 0.59% | 1.55% | 0.59% |
 PHMPulte Group Inc COM | 0.50% | 1.14% | 0.50% |
 ULTAUlta Beauty Inc COM | 0.50% | 0.89% | 0.50% |
 GWWW.w. Grainger Inc. COM | 0.49% | 1.16% | 0.49% |
 DECKDeckers Outdoor Corp. COM | 0.41% | 1.38% | 0.41% |
 PGRThe Progressive Corporation COM | 0.40% | 1.14% | 0.40% |
Frequently Asked Questions
How much do QUAL and SPGP overlap?
QUAL and SPGP overlap by 26.2% of portfolio weight. They share 37 holdings (QUAL holds 121 positions and SPGP holds 73), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QUAL and SPGP?
The two portfolios are 26.2% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of QUAL and SPGP?
The largest positions held by both funds are NVDA, SLB, ANET, CAT and KLAC. Together the top 10 shared positions account for 53% of the total overlap.
What does QUAL own that SPGP doesn't?
84 positions (53.1% of QUAL) are unique to QUAL, led by AAPL, LRCX and TJX. In the other direction, 36 positions (51.9% of SPGP) are unique to SPGP.