ETF Evaluator:
Invesco S&P 500® Quality ETF (SPHQ)
Follow This ETF
(as of Jul 31)
Best Performing in Large Blend Over the Last Year
| 82.8% | ARS Focused Opportunities Strategy ETF (AFOS) |
| 75.3% | Mohr Company Nav ETF (CNAV) |
| 44.9% | Invesco S&P 500® Momentum ETF (SPMO) |
| 43.7% | iShares MSCI USA Momentum Factor ETF (MTUM) |
| 41.7% | Inspire 100 ETF (BIBL) |
Risk
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Risk
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ETF Details
Invesco S&P 500® Quality ETF Overview
Invesco S&P 500® Quality ETF (SPHQ) is a passively managed U.S. Equity Large Blend exchange-traded fund (ETF). Invesco launched the ETF in 2005.
The investment seeks to track the investment results (before fees and expenses) of the S&P 500® Quality Index.
The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. In selecting constituent securities for the underlying index, the index provider calculates the quality score of each security in the S&P 500® Index, then selects the 100 stocks with the highest quality score for inclusion in the underlying index.
About Invesco S&P 500® Quality ETF (SPHQ)
There are 3 members of the management team with an average tenure of 14.26 years: Peter Hubbard (2007), Michael Jeanette (2008) and Pratik Doshi (2020). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and S&P 500 Quality TR USD index with a weighting of 100%. Invesco S&P 500® Quality ETF has 101 securities in its portfolio. The top 10 holdings constitute 43.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Invesco S&P 500® Quality ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Invesco S&P 500® Quality ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 100.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Invesco S&P 500® Quality ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $20 billion in total assets, which is above the $13 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
SPHQ Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Invesco S&P 500® Quality ETF expense ratio is low compared to funds in the Large Blend category. Invesco S&P 500® Quality ETF has an expense ratio of 0.15%, which is 64% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Invesco S&P 500® Quality ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 162% for the Large Blend category.
Recently, in the month of June 2026, Invesco S&P 500® Quality ETF returned 5.9%, which earned it a grade of A, as the Large Blend category had an average return of -0.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Invesco S&P 500® Quality ETF has a trailing yield of 1.04%, which is below the 1.12% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Invesco S&P 500® Quality ETF Grades
Year to date, the ETF has returned 20.9%, 10.5 percentage points better than the category, which translates into a grade of A. The fund has returned 27.9% over the past year (grade of A), 22.8% over the past three years (grade of A) and 14.7% per year over the past five years (grade of A) and 15.6% per year over the past 10 years (grade of A).
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SPHQ Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| SPHQ Return (NAV) | 5.9% | 20.2% | 27.9% | 22.8% | 14.7% | 15.6% |
| SPHQ Return (Price) | 5.8% | 20.1% | 28.0% | 22.8% | 14.7% | 15.6% |
| NAV +/- Price Return | 0.084% | 0.069% | -0.105% | 0.010% | 0.010% | 0.005% |
| Large Blend Avg | -0.0% | 14.5% | 20.9% | 18.8% | 11.8% | 14.1% |
| SPHQ Grade (NAV) | A | A | A | A | A | A |
| +/- Category (NAV) | 5.9% | 5.7% | 7.0% | 4.0% | 3.0% | 1.5% |
| SPHQ Tax-Cost Ratio | na | na | 0.5% | 0.4% | 0.5% | 0.5% |
SPHQ Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SPHQ Return (NAV) | 20.9% | 13.2% | 25.5% | 24.7% | -15.7% | 28.0% | 17.4% | 33.7% | -7.0% | 19.1% | 14.2% |
| SPHQ Return (Price) | 20.8% | 13.2% | 25.4% | 24.8% | -15.8% | 28.0% | 17.4% | 33.6% | -7.1% | 19.1% | 14.3% |
| NAV +/- Price Ret | -0.004% | 0.001% | -0.002% | 0.003% | 0.002% | 0.003% | -0.001% | -0.1% | 1.3% | -0.1% | 0.9% |
| Large Blend Avg | 10.3% | 15.4% | 21.8% | 22.9% | -17.1% | 26.9% | 18.6% | 29.7% | -5.0% | 21.6% | 11.2% |
| SPHQ Grade (NAV) | A | D | A | C | B | B | D | A | D | F | A |
| +/- Category | 10.5% | -2.1% | 3.7% | 1.9% | 1.3% | 1.0% | -1.2% | 3.9% | -2.0% | -2.5% | 2.9% |
| Risk Measures | |
| Beta: | 0.81 |
| R-Squared: | 74% |
| Standard Deviation: | 12.3% |
| Category Risk Index: | 0.92 |
| Category Risk Rating: | Low |
| Total Risk Index: | 1.01 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 1.0% |
| Total Assets: | $ 20,361 Mil |
| Share Class Assets: | $ 20,361 Mil |
| Turnover: | na |
| Expense Ratio: | 0.15% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 19.1 years | |||
| Average Tenure: 14.3 years | |||
| Managers (Year): Hubbard Peter (2007), Jeanette Michael (2008), Doshi Pratik (2020) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 101 |
| % in Top 10 Holdings: | 43.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 100.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Invesco |
| Phone Number: | 800-983-0903 |
| Website: | www.invescopowershares.com |
| Inception Date: | December 6, 2005 |
Expenses and Fees
| Expense Ratio (%): | 0.15% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.42% |
