SPHQ vs TCAF: Holdings Overlap
SPHQInvesco S&P 500 Quality ETF
Invesco · 99 holdings · $20.0B · as of 2026-04-30
TCAFT. Rowe Price Capital Appreciation Equity ETF
T. Rowe Price · 92 holdings · $8.3B · as of 2026-03-31
Holdings snapshots are 30 days apart (SPHQ: 2026-04-30, TCAF: 2026-03-31). 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 SPHQ and TCAF?
Invesco S&P 500 Quality ETF (SPHQ, by Invesco) holds 99 positions; T. Rowe Price Capital Appreciation Equity ETF (TCAF, by T. Rowe Price) holds 92. They have 11 holdings in common, and by portfolio weight the two funds are 10.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 10.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 11SPHQ holds 99 · TCAF holds 92
- Weight in Shared Holdings
- SPHQ 25%·TCAF 16%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 SPHQ
88 of 99 positions (75.0% of the fund) are not held by TCAF. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPHQ | TCAF |
|---|---|---|
| Information Technology | 27.6% | 30.5% |
| Industrials | 24.5% | 5.0% |
| Health Care | 8.4% | 17.6% |
| Consumer Staples | 15.3% | 3.5% |
| Financials | 13.4% | 7.1% |
| Other Sectors | 10.6% | 32.8% |
| Unclassified | 0.0% | 3.3% |
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. “Unclassified” is weight we could not classify (0% of SPHQ, 3% of TCAF).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SPHQ | -0.8% | +15.3% | +21.9% | +19.9% | +12.7% | +14.6% | 1.09% |
| TCAF | +3.1% | +12.1% | +18.5% | +18.6% | — | — | 0.45% |
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 SPHQ vs TCAF →
Shared Holdings(11)
The top 10 shared positions account for 100% of the overlap, led by AAPL, MA and V.
 AAPLApple Inc. COM | 4.50% | 5.95% | 4.50% |
|---|---|---|---|
 MAMasterCard Incorporated CL A | 4.32% | 1.43% | 1.43% |
 VVisa, Inc., Class A | 4.68% | 1.43% | 1.43% |
 GEGeneral Electric Co. | 4.16% | 0.86% | 0.86% |
 CORCencora Inc COM | 0.66% | 2.13% | 0.66% |
 KLACKLA Corp. COM NEW | 3.27% | 0.56% | 0.56% |
 GILDGilead Sciences Inc. COM | 2.27% | 0.35% | 0.35% |
 WATWaters Corporation COM | 0.19% | 1.64% | 0.19% |
 AMEAmetek, Inc. COM | 0.53% | 0.12% | 0.12% |
 RVTYRevvity Inc COM | 0.11% | 1.18% | 0.11% |
 TYLTyler Technologies Inc. COM | 0.15% | 0.04% | 0.04% |
Frequently Asked Questions
How much do SPHQ and TCAF overlap?
SPHQ and TCAF overlap by 10.3% of portfolio weight. They share 11 holdings (SPHQ holds 99 positions and TCAF holds 92), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPHQ and TCAF?
The two portfolios are 10.3% 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 SPHQ and TCAF?
The largest positions held by both funds are AAPL, MA, V, GE and COR. Together the top 10 shared positions account for 100% of the total overlap.
What does SPHQ own that TCAF doesn't?
88 positions (75.0% of SPHQ) are unique to SPHQ, led by COST, LRCX and CAT. In the other direction, 81 positions (84.2% of TCAF) are unique to TCAF.