VFLO vs SPHQ: Holdings Overlap
VFLOVictoryShares Free Cash Flow ETF
VictoryShares · 50 holdings · $9.6B · as of 2026-03-31
SPHQInvesco S&P 500 Quality ETF
Invesco · 99 holdings · $20.0B · as of 2026-04-30
Holdings snapshots are 30 days apart (VFLO: 2026-03-31, SPHQ: 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 VFLO and SPHQ?
VictoryShares Free Cash Flow ETF (VFLO, by VictoryShares) holds 50 positions; Invesco S&P 500 Quality ETF (SPHQ, by Invesco) holds 99. They have 13 holdings in common, and by portfolio weight the two funds are 8.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 13VFLO holds 50 · SPHQ holds 99
- Weight in Shared Holdings
- VFLO 26%·SPHQ 9%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 VFLO
37 of 50 positions (73.3% of the fund) are not held by SPHQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | VFLO | SPHQ |
|---|---|---|
| Information Technology | 30.0% | 27.6% |
| Industrials | 10.1% | 24.5% |
| Consumer Discretionary | 17.9% | 4.7% |
| Health Care | 17.6% | 8.4% |
| Consumer Staples | 0.0% | 15.3% |
| Other Sectors | 23.9% | 19.3% |
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.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| VFLO | +8.6% | +31.3% | +51.6% | +26.1% | — | — | 1.09% |
| SPHQ | -0.8% | +15.3% | +21.9% | +19.9% | +12.7% | +14.6% | 1.09% |
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 VFLO vs SPHQ →
Shared Holdings(13)
The top 10 shared positions account for 95% of the overlap, led by MRK, ADBE and NEM.
 MRKMerck & Co., Inc COM | 2.91% | 2.86% | 2.86% |
|---|---|---|---|
 ADBEAdobe Inc COM | 3.08% | 1.44% | 1.44% |
 NEMNewmont Corporation COM | 2.55% | 1.22% | 1.22% |
 ACNAccenture PLC CLS'A'USD0.0000225 | 3.27% | 1.04% | 1.04% |
 ABNBAirbnb, Inc., Class A | 1.99% | 0.60% | 0.60% |
 NTAPNetApp Inc. COM | 1.78% | 0.32% | 0.32% |
 EXPEExpedia Group Inc COM NEW | 2.70% | 0.32% | 0.32% |
 INCYIncyte Corporation. COM | 2.22% | 0.21% | 0.21% |
 SNASnap-On Incorporated COM | 1.05% | 0.19% | 0.19% |
 LDOSLeidos Holdings Inc COM | 1.06% | 0.18% | 0.18% |
 DECKDeckers Outdoor Corp. COM | 1.42% | 0.16% | 0.16% |
 FFIVF5, Inc. | 1.05% | 0.16% | 0.16% |
 LULULululemon Athletica Inc. COM | 1.13% | 0.15% | 0.15% |
Frequently Asked Questions
How much do VFLO and SPHQ overlap?
VFLO and SPHQ overlap by 8.8% of portfolio weight. They share 13 holdings (VFLO holds 50 positions and SPHQ holds 99), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VFLO and SPHQ?
The two portfolios are 8.8% 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 VFLO and SPHQ?
The largest positions held by both funds are MRK, ADBE, NEM, ACN and ABNB. Together the top 10 shared positions account for 95% of the total overlap.
What does VFLO own that SPHQ doesn't?
37 positions (73.3% of VFLO) are unique to VFLO, led by OMC, CI and CRM. In the other direction, 86 positions (91.0% of SPHQ) are unique to SPHQ.