The Best Equal Weight ETFs

The table below compares the performance and other essential indicators like dividend yield and expense ratio of Equal Weight ETFs.

Equal Weight ETFs and funds track indexes that assign the same weight to every constituent rather than weighting by market capitalization. This reduces concentration in the largest companies, increases exposure to smaller and mid-sized constituents, and adds a systematic rebalancing discipline — giving equal-weight strategies a different risk and return profile from their cap-weighted counterparts.

Number of ETFs: 30
Avg. Expense Ratio: 0.39%
Avg. Dividend Yield: 1.56%
Avg. 1 Year Return: 19.64%
Median Risk/Return Score: 48 / 100

21 results

Symbol	Full Name	Category	Inception	Expense Ratio	YTD Return	10Y Return (Annualized)	Dividend Yield	Risk / Return Rank
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	Financials Equities, Equal Weight	Jul 5, 2023	1.33%	34.31%	—	2.69%	98
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	Financials Equities, Equal Weight	Feb 6, 2008	0.61%	26.39%	16.18%	2.25%	97
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	S&P 500, Equal Weight	May 29, 2018	0.25%	13.66%	—	1.23%	70
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	S&P 500, Derivative Income, Equal Weight	Nov 6, 2025	0.29%	11.63%	—	8.12%	81
HBNK.TO	Global X Equal Weight Banks Index ETF	Financials Equities, Equal Weight	Jul 5, 2023	0.09%	29.36%	—	2.59%	97
HCRE.TO	Global X Equal Weight Canadian REITs Index Corpora...	REIT, Equal Weight	Jan 22, 2019	0.30%	12.28%	—	0.00%	39
HEWB.TO	Global X Equal Weight Canadian Banks Index Corpora...	Canada Equities, Equal Weight	Jan 22, 2019	0.28%	29.17%	—	0.00%	97
MART.TO	Global X Equal Weight Canadian Groceries & Staples...	Consumer Staples Equities, Equal Weight	Nov 6, 2024	0.35%	1.60%	—	0.26%	11
NRGY.TO	Global X Equal Weight Canadian Oil & Gas Index ETF	Energy Equities, Equal Weight	Nov 6, 2024	0.49%	30.24%	—	3.24%	74
PPLN.TO	Global X Equal Weight Canadian Pipelines Index ETF	Energy Equities, Equal Weight	Jul 14, 2014	0.31%	28.74%	10.68%	4.27%	82
UTIL.TO	Global X Equal Weight Canadian Utilities Index ETF	Utilities Equities, Equal Weight	Aug 9, 2022	—	18.73%	—	3.36%	92
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	Oct 19, 2009	0.25%	29.57%	16.83%	2.33%	97
ZEO.TO	BMO Equal Weight Oil & Gas Index ETF	Energy Equities, Equal Weight	Oct 20, 2009	0.60%	29.70%	9.45%	2.76%	69
ZEQL.TO	BMO MSCI USA Equal Weight Index ETF (CAD Units)	Large Cap Blend Equities, Equal Weight	Feb 5, 2026	0.05%	—	—	0.36%	—
ZGD.TO	BMO Equal Weight Global Gold Index ETF	Gold, Equal Weight, Precious Metals	Nov 14, 2012	0.60%	2.11%	16.48%	0.21%	35
ZHU.TO	BMO Equal Weight US Health Care Index ETF	Health & Biotech Equities, Equal Weight	—	—	0.45%	—	0.54%	26
ZIN.TO	BMO Equal Weight Industrials Index ETF	Industrials Equities, Equal Weight	Nov 14, 2012	0.61%	21.59%	13.47%	0.96%	82
ZMT.TO	BMO S&P/TSX Equal Weight Global Base Metals (CAD H...	Materials, Equal Weight	Oct 20, 2009	0.61%	30.29%	15.76%	0.16%	69
ZRE.TO	BMO Equal Weight REITs Index ETF	REIT, Equal Weight	May 19, 2010	0.61%	12.40%	7.10%	4.34%	38
ZUH.TO	BMO Equal Weight US Health Care Hedged to CAD Inde...	Health & Biotech Equities, Equal Weight	May 19, 2010	0.39%	-2.65%	5.90%	0.56%	20

Best Equal Weight ETFs by Risk/Return Score

The top Equal Weight ETFs by PortfoliosLab Risk/Return Score are RSPT (86) and ROE (85). The score measures risk-adjusted performance over the past year, accounting for volatility, drawdown, and return consistency.

Symbol	Name	Risk / Return Rank	AUM	Inception
RSPT	Invesco S&P 500 Equal Weight Technology ETF	86	6.46B	Jan 2006
ROE	Astoria US Equal Weight Quality Kings ETF	85	164.26M	Jul 2023
RSPE	Invesco ESG S&P 500 Equal Weight ETF	68	68.82M	Nov 2021
EQWL	Invesco S&P 100 Equal Weight ETF	68	2.83B	Dec 2006
RSPA	Invesco S&P 500 Equal Weight Income Advantage ETF	67	882.60M	Jul 2024

Best-Performing Equal Weight ETFs Over 5 Years

The top Equal Weight ETFs is RSPG (20.91%). Across the lineup, Equal Weight ETFs show an average 1-year return of 19.64% and an average 5-year return of 8.51%, providing a clearer view of performance across different investment horizons.

Symbol	Name	Return 5Y	AUM	Inception
RSPG	Invesco S&P 500 Equal Weight Energy ETF	20.91%	522.23M	Nov 2006
RSPT	Invesco S&P 500 Equal Weight Technology ETF	18.67%	6.46B	Jan 2006
RSPN	Invesco S&P 500® Equal Weight Industrials ETF	12.64%	1.09B	Jan 2006
EQWL	Invesco S&P 100 Equal Weight ETF	12.54%	2.83B	Dec 2006
RSPU	Invesco S&P 500 Equal Weight Utilities ETF	11.72%	535.01M	Nov 2006

Lowest-Cost Equal Weight ETFs

The top Equal Weight ETFs is GSEW (0.09%). With an average expense ratio of 0.39%, Equal Weight ETFs remain a low-cost option for investors seeking broad market exposure, sector allocations, and diversified portfolio building blocks.

Symbol	Name	Expense Ratio	AUM	Inception
GSEW	Goldman Sachs Equal Weight U.S. Large Cap Equity E...	0.09%	1.76B	Sep 2017
EUSA	iShares MSCI USA Equal Weighted ETF	0.09%	1.70B	May 2010
DFVE	Doubleline Fortune 500 Equal Weight ETF	0.20%	30.58M	Jan 2024
RSPE	Invesco ESG S&P 500 Equal Weight ETF	0.20%	68.82M	Nov 2021
EQAL	Invesco Russell 1000 Equal Weight ETF	0.20%	801.40M	Dec 2014

Highest-Yield Equal Weight ETFs

The top Equal Weight ETFs is RSPA (8.92%). Across the lineup, Equal Weight ETFs show an average dividend yield of 1.56%, offering investors a steady stream of income through regular dividend payments, making them attractive for income-seeking portfolios.

Symbol	Name	Dividend Yield	AUM	Inception
RSPA	Invesco S&P 500 Equal Weight Income Advantage ETF	8.92%	882.60M	Jul 2024
RSPS	Invesco S&P 500 Equal Weight Consumer Staples ETF	2.81%	226.29M	Nov 2006
RSPR	Invesco S&P 500 Equal Weight Real Estate ETF	2.66%	104.27M	Aug 2015
RSPU	Invesco S&P 500 Equal Weight Utilities ETF	2.48%	535.01M	Nov 2006
RSPG	Invesco S&P 500 Equal Weight Energy ETF	2.13%	522.23M	Nov 2006

Top ETFs Categories

Leveraged Equities · 529 ETFs Europe Equities · 513 ETFs Global Equities · 456 ETFs Derivative Income · 445 ETFs Large Cap Blend Equities · 442 ETFs Technology Equities · 379 ETFs Defined Outcome · 330 ETFs S&P 500 · 279 ETFs Large Cap Growth Equities · 233 ETFs Dividend · 214 ETFs Emerging Markets Equities · 211 ETFs Foreign Large Cap Equities · 208 ETFs Corporate Bonds · 198 ETFs Asia Pacific Equities · 187 ETFs Large Cap Value Equities · 177 ETFs Government Bonds · 173 ETFs Cryptocurrency · 171 ETFs High Yield Bonds · 167 ETFs Options Trading · 164 ETFs Precious Metals · 158 ETFs Municipal Bonds · 150 ETFs Energy Equities · 142 ETFs Health & Biotech Equities · 135 ETFs REIT · 130 ETFs Nasdaq-100 · 129 ETFs Diversified Portfolio · 119 ETFs Financials Equities · 116 ETFs China Equities · 114 ETFs European Government Bonds · 114 ETFs Japan Equities · 114 ETFs

Top ETFs Comparisons

Compare the top ETFs symbols based on PortfoliosLab usage data.

Symbol name

ZEB.TO vs. ZWB.TO ZEB.TO vs. VDY.TO ZEB.TO vs. HCAL.TO ZEB.TO vs. HMAX.TO ZEB.TO vs. ZSP.TO ZGD.TO vs. XGD.TO ZGD.TO vs. GLD ZGD.TO vs. AMAX.TO ZGD.TO vs. GDXU ZGD.TO vs. SGDM HBNK.TO vs. HCAL.TO HBNK.TO vs. XEQT.TO HBNK.TO vs. XDIV.TO HBNK.TO vs. EBNK.TO HBNK.TO vs. FIE.TO ZUT.TO vs. XUT.TO ZUT.TO vs. ZWU.TO ZUT.TO vs. VDY.TO ZUT.TO vs. ZLB.TO ZUT.TO vs. XDIV.TO ZRE.TO vs. XRE.TO ZRE.TO vs. VRE ZRE.TO vs. VNQ ZRE.TO vs. VDY.TO ZRE.TO vs. VRE.TO CEW.TO vs. XFN.TO CEW.TO vs. BMO CEW.TO vs. XDIV.TO CEW.TO vs. TEC.TO CEW.TO vs. VFV.TO ZEO.TO vs. XEG.TO ZEO.TO vs. NRGY.TO ZEO.TO vs. ENCC.TO ZEO.TO vs. XLE ZEO.TO vs. ZWEN.TO ZMT.TO vs. XBM.TO ZMT.TO vs. COPP ZMT.TO vs. COPX ZMT.TO vs. REMX ZMT.TO vs. SPY EQL.TO vs. VFV.TO EQL.TO vs. ZDJ.TO EQL.TO vs. XMAG EQL.TO vs. ZSP.TO EQL.TO vs. SPXT HEWB.TO vs. FCCV.TO HEWB.TO vs. ZLB.TO HEWB.TO vs. XFN.TO HEWB.TO vs. BNKL.TO HEWB.TO vs. XIC.TO

Risk vs. Return Scatterplot

The Risk vs. Return Scatterplot allows you to quickly compare funds, stocks, and ETFs in one view. It displays the yearly return of an instrument on one axis and the risk (volatility) on the other.

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