ETF comparison
QUAL vs SPY
Quality Factor vs US Large Cap.
iShares MSCI USA Quality Factor ETF · State Street SPDR S&P 500 ETF Trust
Holdings overlap
115 positions appear in both funds. Buying equal dollars of QUAL and SPY would leave roughly 44.6% of each dollar exposed to the same underlying securities.
Side by side
Sub-score comparison
Tracking quality isn't part of the composite — see what we don't score for why.
Cost difference
SPY is 6 bps cheaper than QUAL. On a $100,000 position that's about $56/yr more in fees for QUAL.
Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with QUAL vs SPY.
Top shared holdings
115 shared in total| # | Holding | In QUAL | In SPY | Overlap |
|---|---|---|---|---|
| 1 | NVIDIA CORPORATION | 6.50% | 7.44% | 6.50% |
| 2 | APPLE INC. | 6.27% | 6.72% | 6.27% |
| 3 | MICROSOFT CORPORATION | 5.04% | 4.44% | 4.44% |
| 4 | ALPHABET INC. | 2.53% | 3.29% | 2.53% |
| 5 | ALPHABET INC. | 2.11% | 2.63% | 2.11% |
| 6 | META PLATFORMS, INC. | 3.49% | 2.09% | 2.09% |
| 7 | ELI LILLY AND COMPANY | 2.92% | 1.47% | 1.47% |
| 8 | BERKSHIRE HATHAWAY INC. | 2.11% | 1.42% | 1.42% |
| 9 | JOHNSON & JOHNSON | 1.92% | 0.95% | 0.95% |
| 10 | VISA INC. | 3.08% | 0.91% | 0.91% |
| 11 | APPLIED MATERIALS, INC. | 2.45% | 0.80% | 0.80% |
| 12 | LAM RESEARCH CORPORATION | 3.22% | 0.76% | 0.76% |
Only in QUAL
6 total- Oklo Inc 0.71%
- CARLISLE COMPANIES INCORPORATED 0.10%
- UNITED THERAPEUTICS CORPORATION 0.09%
- GRACO INC. 0.09%
- TRADEWEB MARKETS INC. 0.05%
- RPM INTERNATIONAL INC. 0.04%
Only in SPY
389 total- AMAZON.COM INC 3.68%
- BROADCOM INC 2.72%
- TESLA INC 1.86%
- MICRON TECHNOLOGY INC 1.81%
- JPMORGAN CHASE + CO 1.39%
- ADVANCED MICRO DEVICES 1.37%
- INTEL CORP 0.93%
- EXXONMOBIL HOLDINGS CORP 0.88%
- CISCO SYSTEMS INC 0.72%
- ABBVIE INC 0.69%
Open QUAL or SPY at a brokerage
Both funds trade commission-free at major US brokerages.
Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.
Holdings overlap is the sum of min(weight_a, weight_b) over positions
matched on ISIN (CUSIP fallback). Methodology: see
/methodology/.
Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.