SPHD vs FQAL overlap
SPHD and FQAL overlap 6.1% by weight, across 15 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (SPHD: May 31, 2026, FQAL: July 31, 2026), so market moves and index changes between those dates lower the number. Funds tracking the same index can read well below their true overlap.
Top shared holdings
| Holding | SPHD | FQAL | Overlap |
|---|---|---|---|
| Exxon Mobil Corp.XOM | 1.54% | 1.12% | 1.12% |
| Chevron Corp.CVX | 2.09% | 0.72% | 0.72% |
| Bristol-MYER SQBBMY | 2.06% | 0.68% | 0.68% |
| Paychex Inc.PAYX | 1.45% | 0.48% | 0.48% |
| Verizon CommunicVZ | 3.47% | 0.47% | 0.47% |
| Altria Group Inc.MO | 3.43% | 0.46% | 0.46% |
| At&T Inc.T | 2.01% | 0.39% | 0.39% |
| Kimberly-ClarkKMB | 2.08% | 0.35% | 0.35% |
| EOG ResourcesEOG | 1.98% | 0.33% | 0.33% |
| Comcast Corp.-aCMCSA | 1.60% | 0.27% | 0.27% |
| Clorox CoCLX | 1.69% | 0.25% | 0.25% |
| Realty IncomeO | 2.42% | 0.18% | 0.18% |
| Public StoragePSA | 2.07% | 0.18% | 0.18% |
| Crown Castle Inc.CCI | 2.39% | 0.13% | 0.13% |
| VICI PropertiesVICI | 2.66% | 0.13% | 0.13% |
Overlap by weight adds up the smaller weight of each holding the funds share, so 100% means identical portfolios. Long securities only: derivatives and cash vehicles are left out. Sources: SPHD, SEC Form N-PORT, May 31, 2026; FQAL, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | SPHD | FQAL |
|---|---|---|
| FMR LLC | $13.3M | $576.6M |
| Envestnet Asset Management Inc. | $14.1M | $111.8M |
| LPL Financial LLC | $110.1M | $7.8M |
| Morgan Stanley | $82.5M | $5.1M |
| Bank of America Corp. | $67.5M | $4.0M |
| Kestra Advisory Services, LLC | $3.6M | $61.9M |
| Raymond James Financial Inc. | $35.5M | $5.9M |
| Royal Bank of Canada | $35.2M | $6.1M |
| JPMorgan Chase & Co | $11.0M | $18.9M |
| UBS Group AG | $29.1M | $313K |
| Cetera Investment Advisers | $15.3M | $13.3M |
| Cambridge Investment Research Advisors, Inc. | $20.8M | $4.8M |
| Wells Fargo & Company | $24.6M | $6K |
| Osaic Holdings, Inc. | $12.2M | $10.1M |
| Commonwealth Equity Services, LLC | $12.0M | $9.2M |
This compares who owns the funds, not what the funds hold. From SEC Form 13F, for managers with $100M+ in US securities.
Who owns them: SPHD institutional holders, FQAL institutional holders.
Frequently asked questions
How much do SPHD and FQAL overlap?
6.1% by weight, with 15 holdings in common, using holdings for SPHD as of May 31, 2026 and FQAL as of July 31, 2026. The largest shared position is XOM.
Do institutions hold both SPHD and FQAL?
72 Form 13F filers report positions in both, out of 445 that report either one.
How is overlap by weight worked out?
For each holding the two funds share, take the smaller of the two weights, then add those up. Identical portfolios score 100%.