SPHQ vs USMV: holdings overlap, shared companies and scores
As of October 28, 2026, SPHQ and USMV overlap 18.8% by weight. Invesco S&P 500 Quality ETF (SPHQ): High-quality S&P 500 stocks. iShares MSCI USA Min Vol Factor ETF (USMV): U.S. low-volatility equities.
Updated October 28, 2026
Where SPHQ and USMV trade against their own history
SPHQ trades at 24.5 times earnings, against its own median of 21.8, and is more expensive than 62% of its own last 9 years.
USMV trades at 24.5 times earnings, against its own median of 23.4, and is more expensive than 75% of its own last 9 years.
What do SPHQ and USMV each hold?
What's inside SPHQ: Tech 35%, Semiconductors 13%.
43% of SPHQ is its ten largest holdings.
What's inside USMV: Tech 33%, AI 10%.
15% of USMV is its ten largest holdings.
How much do SPHQ and USMV overlap? 18.8% by weight
As of October 28, 2026, SPHQ and USMV overlap 18.8% by weight.
71% of SPHQ is already inside USMV.
21% of USMV is already inside SPHQ.
SPHQ holds 99 companies and USMV holds 177; 37 are in both.
Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score SPHQ and USMV? 6.7 and 5.7 out of 10
As of October 28, 2026, ETF Copilot scores SPHQ 6.7 out of 10 and USMV 5.7 out of 10.
They differ most on Return: SPHQ 7.4 and USMV 4.1.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | SPHQ | USMV |
|---|---|---|
| Growth | 6.0 | 5.2 |
| Value | 2.9 | 3.2 |
| Risk | 7.4 | 9.7 |
| Quality | 9.8 | 7.3 |
| Return | 7.4 | 4.1 |
USMV is the cheaper of the two at 0.15% a year
As of October 28, 2026, SPHQ charges 0.20% a year, yields 1.02% and holds $18.7B in assets across 99 positions.
As of October 28, 2026, USMV charges 0.15% a year, yields 1.37% and holds $24.1B in assets across 177 positions.
| Measure | SPHQ | USMV |
|---|---|---|
| Expense ratio | 0.20% | 0.15% |
| Dividend yield | 1.02% | 1.37% |
| Assets under management | $18.7B | $24.1B |
| Holdings | 99 | 177 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Compare with similar funds
Cite this
ETF Copilot, “SPHQ vs USMV holdings overlap and scores”, as of October 28, 2026.
https://etf-copilot.com/compare/sphq-vs-usmv
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