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