SPHQ — Invesco S&P 500 Quality ETF

SPHQ Price Performance — Growth of $10,000

Value of a $10,000 investment in SPHQ over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

SPHQ Drawdown

The "underwater" chart: SPHQ's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Invesco S&P 500 Quality ETF (SPHQ) operates within the US Quality / Factor category, where ETFValuer tracks a total of 16 funds. Issued by Invesco, this fund has accumulated assets under management of $20.4 billion and currently trades at a price of $84.80. It holds an overall rank of #87 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of B with a score of 71.8/100. The fund charges an expense ratio of 0.15% and offers a dividend yield of 1.04%. The substantial asset size and mid-tier ranking suggest significant investor adoption relative to the broader universe of tracked funds. These metrics collectively define the fund's position as a large-cap quality exposure vehicle with moderate costs and income generation.

Over the most recent trading day, the fund declined by 0.33% before recovering slightly to post a 0.02% gain over one week. A more pronounced decline occurred over the one-month period with a return of -2.54%, yet the trend reversed positively over the subsequent three months to reach +5.91%. This momentum accelerated further over six months, delivering a return of +10.80%, and continued into the year-to-date period with a gain of +13.14%. The one-year return stands at +18.42%, while the three-year horizon shows a cumulative return of +68.02%. This pattern indicates a divergence where short-term volatility was followed by sustained growth over longer investment horizons.

SPHQ carries a low volatility label and a beta of 0.81, suggesting the fund tends to move less than the broader market. The Sharpe ratio of 0.94 indicates a favorable risk-adjusted return profile relative to the volatility experienced. Despite the lower beta, the fund experienced a maximum drawdown of -16.57% during the measured period. This combination of figures implies that while the fund generally exhibits reduced sensitivity to market swings, it still faces significant downside risk during severe market corrections. The low volatility classification aligns with the beta figure, yet the drawdown data highlights the potential for substantial temporary losses even in a lower-beta environment.

AI-generated summary based on the data on this page.

SPHQ Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 40.7% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how SPHQ's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With SPHQ

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with SPHQ's top 10 — IYJ overlaps most, holding 4 of the same companies as SPHQ's top 10 (16.9% of SPHQ's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.71% (as of 2026-07-23) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.70 (as of 2026-07-23) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

SPHQ Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 1.27% and average daily volume is 1.6M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $20.4B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: SPHQ is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

SPHQ Performance History

How SPHQ Compares to Other US Quality / Factor ETFs