SPHQ vs VLUE: Holdings Overlap
SPHQInvesco S&P 500 Quality ETF
Invesco · 99 holdings · $20.0B · as of 2026-04-30
VLUEiShares MSCI USA Value Factor ETF
iShares · 148 holdings · $9.5B · as of 2026-04-30
How similar are SPHQ and VLUE?
Invesco S&P 500 Quality ETF (SPHQ, by Invesco) holds 99 positions; iShares MSCI USA Value Factor ETF (VLUE, by iShares) holds 148. They have 23 holdings in common, and by portfolio weight the two funds are 16.5% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 16.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 23SPHQ holds 99 · VLUE holds 148
- Weight in Shared Holdings
- SPHQ 20%·VLUE 19%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
76 of 99 positions (79.8% of the fund) are not held by VLUE. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPHQ | VLUE |
|---|---|---|
| Information Technology | 27.6% | 43.9% |
| Industrials | 24.5% | 7.6% |
| Consumer Staples | 15.3% | 4.0% |
| Financials | 13.4% | 10.9% |
| Health Care | 8.4% | 8.4% |
| Other Sectors | 10.6% | 25.0% |
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 |
|---|---|---|---|---|---|---|---|
| SPHQ | -0.8% | +15.3% | +21.9% | +19.9% | +12.7% | +14.6% | 1.09% |
| VLUE | +3.0% | +45.7% | +77.9% | +30.1% | +16.5% | +14.7% | 1.42% |
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 VLUE →
Shared Holdings(23)
The top 10 shared positions account for 89% of the overlap, led by CSCO, AMAT and WDC.
 CSCOCisco Systems, Inc. COM | 3.54% | 4.96% | 3.54% |
|---|---|---|---|
 AMATApplied Materials Inc. COM | 2.79% | 3.66% | 2.79% |
 WDCWestern Digital Corp. COM | 2.15% | 1.88% | 1.88% |
 QCOMQUALCOMM Inc. COM | 2.03% | 1.80% | 1.80% |
 MRKMerck & Co., Inc COM | 2.86% | 1.57% | 1.57% |
 UPSUnited Parcel Service, Inc., Class B | 0.85% | 0.83% | 0.83% |
 EOGEOG Resources Inc. COM | 0.70% | 0.66% | 0.66% |
 ACNAccenture PLC CLS'A'USD0.0000225 | 1.04% | 0.65% | 0.65% |
 NEMNewmont Corporation COM | 1.22% | 0.64% | 0.64% |
 NTAPNetApp Inc. COM | 0.32% | 0.36% | 0.32% |
 EXPEExpedia Group Inc COM NEW | 0.32% | 0.51% | 0.32% |
 SNASnap-On Incorporated COM | 0.19% | 0.25% | 0.19% |
 LDOSLeidos Holdings Inc COM | 0.18% | 0.18% | 0.18% |
 DLTRDollar Tree Inc COM | 0.20% | 0.17% | 0.17% |
 FFIVF5, Inc. | 0.16% | 0.32% | 0.16% |
 JBHTJ. B. Hunt Transport Services, Inc. COM | 0.17% | 0.15% | 0.15% |
 ACGLArch Capital Group Ltd. COM USD0.01 | 0.34% | 0.13% | 0.13% |
 CFCF Industries Holdings, Inc. COM | 0.23% | 0.12% | 0.12% |
 BBYBest Buy Co Inc. COM | 0.12% | 0.21% | 0.12% |
 DECKDeckers Outdoor Corp. COM | 0.16% | 0.08% | 0.08% |
 ZBRAZebra Technologies Corporation CL A | 0.10% | 0.07% | 0.07% |
 SOLVSolventum Corp. COM SHS | 0.13% | 0.07% | 0.07% |
 WATWaters Corporation COM | 0.19% | 0.05% | 0.05% |
Frequently Asked Questions
How much do SPHQ and VLUE overlap?
SPHQ and VLUE overlap by 16.5% of portfolio weight. They share 23 holdings (SPHQ holds 99 positions and VLUE holds 148), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPHQ and VLUE?
The two portfolios are 16.5% 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 VLUE?
The largest positions held by both funds are CSCO, AMAT, WDC, QCOM and MRK. Together the top 10 shared positions account for 89% of the total overlap.
What does SPHQ own that VLUE doesn't?
76 positions (79.8% of SPHQ) are unique to SPHQ, led by COST, V and AAPL. In the other direction, 125 positions (80.4% of VLUE) are unique to VLUE.