SPHQ vs XLF: Holdings Overlap
SPHQInvesco S&P 500 Quality ETF
Invesco · 99 holdings · $20.0B · as of 2026-04-30
XLFState Street® Financial Select Sector SPDR® ETF
State Street (SPDR) · 77 holdings · $59.1B · as of 2026-08-06
Holdings snapshots are 98 days apart (SPHQ: 2026-04-30, XLF: 2026-08-06). 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 XLF?
Invesco S&P 500 Quality ETF (SPHQ, by Invesco) holds 99 positions; State Street® Financial Select Sector SPDR® ETF (XLF, by State Street (SPDR)) holds 77. They have 11 holdings in common, and by portfolio weight the two funds are 13.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 13.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 11SPHQ holds 99 · XLF holds 77
- Weight in Shared Holdings
- SPHQ 13%·XLF 18%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 (86.4% of the fund) are not held by XLF. Showing the top 30 by weight.
Only in XLF
66 of 77 positions (81.6% of the fund) are not held by SPHQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPHQ | XLF |
|---|---|---|
| Financials | 13.4% | 99.8% |
| Information Technology | 27.6% | 0.0% |
| Industrials | 24.5% | 0.0% |
| Consumer Staples | 15.3% | 0.0% |
| Health Care | 8.4% | 0.0% |
| Other Sectors | 10.6% | 0.0% |
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% |
| XLF | +2.8% | +6.1% | +13.9% | +19.5% | +10.7% | +13.5% | 1.40% |
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 XLF →
Shared Holdings(11)
The top 10 shared positions account for 99% of the overlap, led by V, MA and PGR.
 VVisa, Inc., Class A | 4.68% | 7.53% | 4.68% |
|---|---|---|---|
 MAMasterCard Incorporated CL A | 4.32% | 5.69% | 4.32% |
 PGRThe Progressive Corporation COM | 1.40% | 1.54% | 1.40% |
 MCOMoodys Corp. COM | 0.86% | 0.87% | 0.86% |
 ALLThe Allstate Corporation COM | 0.70% | 0.87% | 0.70% |
 AMPAmeriprise Financial, Inc. COM | 0.61% | 0.62% | 0.61% |
 ACGLArch Capital Group Ltd. COM USD0.01 | 0.34% | 0.42% | 0.34% |
 TROWPrice T Rowe Group Inc. COM | 0.22% | 0.30% | 0.22% |
 JKHYHenry Jack & Associates Inc. COM | 0.11% | 0.14% | 0.11% |
 FDSFactSet Research Systems Inc. COM | 0.08% | 0.12% | 0.08% |
 ERIEErie Indemnity Co., Class A | 0.07% | 0.08% | 0.07% |
Frequently Asked Questions
How much do SPHQ and XLF overlap?
SPHQ and XLF overlap by 13.4% of portfolio weight. They share 11 holdings (SPHQ holds 99 positions and XLF holds 77), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPHQ and XLF?
The two portfolios are 13.4% 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 XLF?
The largest positions held by both funds are V, MA, PGR, MCO and ALL. Together the top 10 shared positions account for 99% of the total overlap.
What does SPHQ own that XLF doesn't?
88 positions (86.4% of SPHQ) are unique to SPHQ, led by COST, AAPL and GE. In the other direction, 66 positions (81.6% of XLF) are unique to XLF.