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