SPHQ vs. VGT

Last updated Jun 14, 2026

SPHQ (Invesco S&P 500 Quality ETF) and VGT (Vanguard Information Technology ETF) are both exchange-traded funds - SPHQ is a S&P 500 fund tracking the S&P 500 Quality Index, while VGT is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Both are passively managed. Over the past 10 years, SPHQ returned 15.27%/yr vs 25.19%/yr for VGT. Their correlation of 0.81 suggests significant overlap in exposure. SPHQ charges 0.15%/yr vs 0.09%/yr for VGT.

Performance

SPHQ vs. VGT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Quality ETF (SPHQ) and Vanguard Information Technology ETF (VGT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPHQ achieves a 16.79% return, which is significantly lower than VGT's 24.03% return. Over the past 10 years, SPHQ has underperformed VGT with an annualized return of 15.27%, while VGT has yielded a comparatively higher 25.19% annualized return.

SPHQ

• 1D: 1.02%
• 1M: 4.96%
• YTD: 16.79%
• 6M: 15.77%
• 1Y: 26.53%
• 3Y*: 22.40%
• 5Y*: 14.55%
• 10Y*: 15.27%

VGT

• 1D: 0.58%
• 1M: 1.35%
• YTD: 24.03%
• 6M: 24.13%
• 1Y: 50.48%
• 3Y*: 29.84%
• 5Y*: 20.35%
• 10Y*: 25.19%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPHQ vs. VGT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPHQ Invesco S&P 500 Quality ETF	16.79%	13.25%	25.44%	24.83%	-15.76%	28.03%	17.36%	33.64%	-7.10%	19.10%
VGT Vanguard Information Technology ETF	24.03%	21.77%	29.30%	52.66%	-29.70%	30.45%	46.04%	48.62%	2.46%	37.08%

Correlation

The correlation between SPHQ and VGT is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Dec 6, 2005	0.81

The correlation between SPHQ and VGT shifts across timeframes, from 0.62 (1 year) to 0.84 (10 years), reflecting how their relationship changes across market environments.

SPHQ vs. VGT - Sectors Allocation Comparison

Sectors	SPHQ	VGT
Technology	33.1%	98.5%
Industrials	20.7%	0.4%
Consumer Defensive	14.7%	-
Financial Services	12.6%	0.5%
Healthcare	8.0%	0.0%
Consumer Cyclical	4.4%	0.1%
Utilities	3.4%	-
Basic Materials	2.0%	0.0%
Energy	0.7%	0.3%
Communication Services	0.4%	0.5%
Real Estate	-	-

Return for Risk

SPHQ vs. VGT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPHQ

SPHQ Risk / Return Rank: 66
SPHQ Sharpe Ratio Rank: 65
SPHQ Sortino Ratio Rank: 68
SPHQ Omega Ratio Rank: 60
SPHQ Calmar Ratio Rank: 63
SPHQ Martin Ratio Rank: 73

VGT

VGT Risk / Return Rank: 70
VGT Sharpe Ratio Rank: 79
VGT Sortino Ratio Rank: 71
VGT Omega Ratio Rank: 72
VGT Calmar Ratio Rank: 67
VGT Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPHQ vs. VGT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Quality ETF (SPHQ) and Vanguard Information Technology ETF (VGT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SPHQ	VGT	Difference
Sharpe ratio: Return per unit of total volatility	1.85	2.19	-0.34
Sortino ratio: Return per unit of downside risk	2.67	2.74	-0.07
Omega ratio: Gain probability vs. loss probability	1.32	1.36	-0.05
Calmar ratio: Return relative to maximum drawdown	2.75	2.94	-0.19
Martin ratio: Return relative to average drawdown	11.76	9.11	+2.66

SPHQ vs. VGT - Sharpe Ratio Comparison

The current SPHQ Sharpe Ratio is 1.85, which is comparable to the VGT Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of SPHQ and VGT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SPHQ vs. VGT - Drawdown Comparison

The maximum SPHQ drawdown since its inception was -57.83%, which is greater than VGT's maximum drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for SPHQ and VGT.

Drawdown Indicators

	SPHQ	VGT	Difference
Max Drawdown Largest peak-to-trough decline	-57.83%	-54.63%	-3.20%
Max Drawdown (1Y) Largest decline over 1 year	-8.90%	-16.40%	+7.50%
Max Drawdown (3Y) Largest decline over 3 years	-16.57%	-27.23%	+10.66%
Max Drawdown (5Y) Largest decline over 5 years	-25.04%	-35.07%	+10.03%
Max Drawdown (10Y) Largest decline over 10 years	-31.60%	-35.07%	+3.47%
Current Drawdown Current decline from peak	0.00%	-7.18%	+7.18%
Average Drawdown Average peak-to-trough decline	-10.69%	-7.95%	-2.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	5.28%	-3.19%

Volatility

SPHQ vs. VGT - Volatility Comparison

The current volatility for Invesco S&P 500 Quality ETF (SPHQ) is 4.92%, while Vanguard Information Technology ETF (VGT) has a volatility of 10.00%. This indicates that SPHQ experiences smaller price fluctuations and is considered to be less risky than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPHQ	VGT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.92%	10.00%	-5.08%
Volatility (6M) Calculated over the trailing 6-month period	10.83%	18.00%	-7.17%
Volatility (1Y) Calculated over the trailing 1-year period	13.18%	22.00%	-8.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.53%	25.40%	-8.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.90%	24.72%	-6.82%

SPHQ vs. VGT - Expense Ratio Comparison

SPHQ has a 0.15% expense ratio, which is higher than VGT's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SPHQ vs. VGT - Dividend Comparison

SPHQ's dividend yield for the trailing twelve months is around 1.03%, more than VGT's 0.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPHQ Invesco S&P 500 Quality ETF	1.03%	1.09%	1.15%	1.42%	1.85%	1.19%	1.55%	1.51%	1.85%	1.57%	1.67%	2.29%
VGT Vanguard Information Technology ETF	0.33%	0.40%	0.60%	0.65%	0.91%	0.64%	0.82%	1.11%	1.29%	0.99%	1.31%	1.28%

Frequently Asked Questions

Can I hold both SPHQ and VGT in my portfolio?

SPHQ and VGT have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPHQ or VGT?

VGT has higher volatility (10.00%) compared to SPHQ (4.92%). In terms of maximum drawdown, SPHQ dropped -57.83% vs VGT's -54.63%.

Which ETF is better, SPHQ or VGT?

On 10-year performance, VGT leads with 25.19% vs 15.27% for SPHQ. On fees, VGT is cheaper at 0.09% per year. On volatility, SPHQ has been the lower-risk option at 4.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPHQ or VGT?

Over the 10-year period, VGT has performed better with a 25.19% return vs 15.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPHQ or VGT?

VGT is cheaper with a 0.09% expense ratio, compared with 0.15% for SPHQ.

Which ETF pays a higher dividend yield, SPHQ or VGT?

SPHQ has the higher dividend yield at 1.03%, compared with 0.33% for VGT.

What is the main difference between SPHQ and VGT?

SPHQ is categorized as S&P 500, while VGT is Technology Equities. SPHQ tracks S&P 500 Quality Index, while VGT tracks MSCI USA IMI Information Technology 25/50 Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.15% for SPHQ and 0.09% for VGT.

Which has better risk-adjusted returns?

VGT currently has the higher Sharpe Ratio (2.19 vs 1.85), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.