S&P 500 Quality Index

What the S&P 500 Quality Index is, where it lives officially, and how its ride has looked over the years.

What does the S&P 500 Quality Index track?

Roughly 100 companies from the S&P 500 with the tidiest books: strong return on equity, honest earnings (a clean accruals ratio) and little debt. The sensible-shoes corner of the market.

Quality is the factor your grandmother would approve of: profitable companies that don't live on borrowed money. It rarely tops the yearly charts — it just quietly refuses to blow up.

Maintained byS&P Dow Jones Indices logoS&P Dow Jones Indices
On this site we follow it throughInvesco logoInvesco S&P 500 Quality ETF (SPHQ).

SPHQ since 2005

Price history of SPHQ tracking the S&P 500 Quality Index$7$28$48$69$9020082012201620202024

The chart shows the dividend-adjusted share price of SPHQ, the ETF tracking this index — not the raw index level. The shape of the ride is the same.

SPHQ returns by year (USD)

Last 5 years
+13.77%
average per year (CAGR)
Last 10 years
+14.18%
average per year (CAGR)
YearTotal return
2026 (so far)+20.79%
2025+13.25%
2024+25.44%
2023+24.83%
2022-15.76%
2021+27.59%
2020+16.93%
2019+33.63%
2018-7.09%
2017+19.10%
2016+14.30%
2015+1.64%
2014+16.08%
2013+32.73%
2012+14.32%
2011+6.28%
2010+20.50%
2009+12.59%
2008-46.35%
2007+16.77%
2006+4.58%
2005-2.05%

Calendar-year total returns of SPHQ in USD, dividends reinvested — the ETF tracking this index, not the raw index level.

Compare SPHQ head to head

Yearly returns side by side against the other funds we track.