QUAL vs SPLV: Holdings Overlap
QUALiShares MSCI USA Quality Factor ETF
iShares · 121 holdings · $47.8B · as of 2026-04-30
SPLVInvesco S&P 500 Low Volatility ETF
Invesco · 100 holdings · $7.2B · as of 2026-05-31
Holdings snapshots are 31 days apart (QUAL: 2026-04-30, SPLV: 2026-05-31). 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 QUAL and SPLV?
iShares MSCI USA Quality Factor ETF (QUAL, by iShares) holds 121 positions; Invesco S&P 500 Low Volatility ETF (SPLV, by Invesco) holds 100. They have 31 holdings in common, and by portfolio weight the two funds are 17.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 17.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 31QUAL holds 121 · SPLV holds 100
- Weight in Shared Holdings
- QUAL 25%·SPLV 30%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
90 of 121 positions (74.7% of the fund) are not held by SPLV. Showing the top 30 by weight.
Sector Breakdown
| Sector | QUAL | SPLV |
|---|---|---|
| Information Technology | 34.4% | 0.8% |
| Utilities | 1.9% | 25.0% |
| Financials | 11.6% | 21.0% |
| Real Estate | 1.8% | 17.7% |
| Industrials | 9.4% | 12.2% |
| Other Sectors | 40.7% | 22.9% |
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% |
| SPLV | -0.7% | +8.1% | +6.1% | +9.1% | +6.0% | +8.3% | 2.12% |
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 SPLV →
Shared Holdings(31)
The top 10 shared positions account for 60% of the overlap, led by BRK-B, JNJ and ATO.
 BRK-BBerkshire Hathaway, Inc., Class B | 2.11% | 1.28% | 1.28% |
|---|---|---|---|
 JNJJohnson & Johnson COM | 1.92% | 1.15% | 1.15% |
 ATOAtmos Energy Corp. COM | 1.21% | 1.14% | 1.14% |
 TJXThe TJX Companies Inc. COM | 3.19% | 1.13% | 1.13% |
 COSTCostco Wholesale Corporation COM | 1.31% | 1.02% | 1.02% |
 PGThe Procter & Gamble Co. COM | 0.93% | 1.07% | 0.93% |
 VVisa, Inc., Class A | 3.08% | 0.90% | 0.90% |
 MAMasterCard Incorporated CL A | 2.30% | 0.89% | 0.89% |
 ADPAutomatic Data Processing, Inc. COM | 0.88% | 0.92% | 0.88% |
 LINLinde PLC COM EUR0.001 | 0.88% | 1.17% | 0.88% |
 WMTWalmart Inc COM | 1.23% | 0.78% | 0.78% |
 ITWIllinois Tool Works Inc. COM | 0.77% | 0.89% | 0.77% |
 KOCoca-Cola Co (The) COM | 0.75% | 1.18% | 0.75% |
 PLDPrologis Inc. COM | 0.57% | 0.89% | 0.57% |
 CTASCintas Corporation COM | 0.53% | 1.05% | 0.53% |
 MSIMotorola Solutions Inc COM NEW | 0.48% | 0.84% | 0.48% |
 PEPPepsico Inc COM | 0.46% | 0.84% | 0.46% |
 CMECME Group, Inc., Class A | 0.40% | 0.94% | 0.40% |
 SPGSimon Property Group Inc COM | 0.36% | 0.97% | 0.36% |
 PSAPublic Storage COM | 0.25% | 0.85% | 0.25% |
 TRVTravelers Companies, Inc. COM | 0.25% | 1.01% | 0.25% |
 AFLAflac Incorporated COM | 0.19% | 1.10% | 0.19% |
 MNSTMonster Beverage Corp COM | 0.16% | 0.98% | 0.16% |
 HIGThe Hartford Insurance Group Inc. COM | 0.14% | 0.99% | 0.14% |
 VICIVICI Properties, Inc., Class A | 0.14% | 1.18% | 0.14% |
Frequently Asked Questions
How much do QUAL and SPLV overlap?
QUAL and SPLV overlap by 17.1% of portfolio weight. They share 31 holdings (QUAL holds 121 positions and SPLV holds 100), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QUAL and SPLV?
The two portfolios are 17.1% 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 SPLV?
The largest positions held by both funds are BRK-B, JNJ, ATO, TJX and COST. Together the top 10 shared positions account for 60% of the total overlap.
What does QUAL own that SPLV doesn't?
90 positions (74.7% of QUAL) are unique to QUAL, led by NVDA, AAPL and MSFT. In the other direction, 69 positions (69.2% of SPLV) are unique to SPLV.