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: 31
Avg. Expense Ratio: 0.39%
Avg. Dividend Yield: 1.54%
Avg. 1 Year Return: 22.14%
Median Risk/Return Score: 60 / 100

27 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%	42.11%	—	2.63%	98
CALL.TO	Evolve US Banks Enhanced Yield Fund Hedged Units	Derivative Income, Financials Equities, Equal Weight	Oct 12, 2017	0.62%	13.39%	—	10.02%	48
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	Financials Equities, Equal Weight	Feb 6, 2008	0.61%	32.51%	16.84%	2.16%	98
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	S&P 500, Equal Weight	May 29, 2018	0.25%	17.87%	—	1.22%	77
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	S&P 500, Derivative Income, Equal Weight	Nov 6, 2025	0.29%	15.68%	—	8.09%	89
HBA.TO	Hamilton Australian Bank Equal-Weight Index ETF	Financials Equities, Australia Equities, Equal Weight	Jun 26, 2020	0.55%	10.26%	—	3.80%	31
HBNK.TO	Global X Equal Weight Banks Index ETF	Financials Equities, Equal Weight	Jul 5, 2023	0.09%	33.62%	—	2.55%	98
HCRE.TO	Global X Equal Weight Canadian REITs Index Corpora...	REIT, Equal Weight	Jan 22, 2019	0.30%	13.15%	—	0.00%	41
HEWB.TO	Global X Equal Weight Canadian Banks Index Corpora...	Canada Equities, Equal Weight	Jan 22, 2019	0.28%	33.66%	—	0.00%	98
MART.TO	Global X Equal Weight Canadian Groceries & Staples...	Consumer Staples Equities, Equal Weight	Nov 6, 2024	0.35%	4.86%	—	0.25%	17
NRGY.TO	Global X Equal Weight Canadian Oil & Gas Index ETF	Energy Equities, Equal Weight	Nov 6, 2024	0.49%	33.65%	—	3.21%	87
PBI.TO	Purpose Best Ideas Fund	Large Cap Blend Equities, Equal Weight	Apr 9, 2014	0.82%	7.89%	10.48%	0.00%	34
PPLN.TO	Global X Equal Weight Canadian Pipelines Index ETF	Energy Equities, Equal Weight	Jul 14, 2014	0.31%	25.88%	10.00%	4.39%	80
REIT.TO	Global X Equal Weight Canadian REITs Index ETF	REIT, Equal Weight	Apr 29, 2025	0.25%	11.82%	—	4.37%	41
UTIL.TO	Global X Equal Weight Canadian Utilities Index ETF	Utilities Equities, Equal Weight	Aug 9, 2022	0.10%	16.80%	—	3.44%	85
ZBK.TO	BMO Equal Weight US Banks Index ETF	Financials Equities, Equal Weight	Feb 10, 2014	0.38%	18.95%	13.42%	1.60%	59
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	Oct 19, 2009	0.25%	33.58%	17.10%	2.28%	98
ZEO.TO	BMO Equal Weight Oil & Gas Index ETF	Energy Equities, Equal Weight	Oct 20, 2009	0.60%	33.62%	9.57%	2.82%	85
ZEQL.TO	BMO MSCI USA Equal Weight Index ETF (CAD Units)	Large Cap Blend Equities, Equal Weight	Feb 5, 2026	0.05%	—	—	0.67%	—
ZGD.TO	BMO Equal Weight Global Gold Index ETF	Gold, Equal Weight, Precious Metals	Nov 14, 2012	0.60%	5.82%	14.39%	0.21%	38

Best Equal Weight ETFs by Risk/Return Score

The top Equal Weight ETFs by PortfoliosLab Risk/Return Score are XPH (94) and ROE (89). The score measures risk-adjusted performance over the past year, accounting for volatility, drawdown, and return consistency.

Symbol	Name	Risk / Return Rank	AUM	Inception
XPH	SPDR S&P Pharmaceuticals ETF	94	502.65M	Jun 2006
ROE	Astoria US Equal Weight Quality Kings ETF	89	164.26M	Jul 2023
RSPA	Invesco S&P 500 Equal Weight Income Advantage ETF	83	1.01B	Jul 2024
EQWL	Invesco S&P 100 Equal Weight ETF	83	2.70B	Dec 2006
RSPE	Invesco ESG S&P 500 Equal Weight ETF	83	67.64M	Nov 2021

Best-Performing Equal Weight ETFs Over 5 Years

The top Equal Weight ETFs is RSPG (23.74%). Across the lineup, Equal Weight ETFs show an average 1-year return of 22.14% and an average 5-year return of 8.41%, 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	23.74%	573.56M	Nov 2006
RSPT	Invesco S&P 500 Equal Weight Technology ETF	16.79%	5.46B	Jan 2006
RSPN	Invesco S&P 500® Equal Weight Industrials ETF	12.46%	1.09B	Jan 2006
EQWL	Invesco S&P 100 Equal Weight ETF	12.30%	2.70B	Dec 2006
EDOW	First Trust Dow 30 Equal Weight ETF	10.36%	316.85M	Aug 2017

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%	1.92B	Sep 2017
EUSA	iShares MSCI USA Equal Weighted ETF	0.09%	1.84B	May 2010
EQAL	Invesco Russell 1000 Equal Weight ETF	0.20%	814.78M	Dec 2014
RSPE	Invesco ESG S&P 500 Equal Weight ETF	0.20%	67.64M	Nov 2021
DFVE	Doubleline Fortune 500 Equal Weight ETF	0.20%	34.66M	Jan 2024

Highest-Yield Equal Weight ETFs

The top Equal Weight ETFs is RSPA (8.81%). Across the lineup, Equal Weight ETFs show an average dividend yield of 1.54%, 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	8.81%	1.01B	Jul 2024
RSPS	Invesco S&P 500 Equal Weight Consumer Staples ETF	2.86%	256.41M	Nov 2006
RSPR	Invesco S&P 500 Equal Weight Real Estate ETF	2.79%	100.31M	Aug 2015
RSPU	Invesco S&P 500 Equal Weight Utilities ETF	2.61%	538.54M	Nov 2006
RSPG	Invesco S&P 500 Equal Weight Energy ETF	2.04%	573.56M	Nov 2006

Top ETFs Categories

Europe Equities · 591 ETFs Global Equities · 586 ETFs Leveraged Equities · 559 ETFs Derivative Income · 527 ETFs Large Cap Blend Equities · 453 ETFs Asia Pacific Equities · 449 ETFs Technology Equities · 423 ETFs Defined Outcome · 346 ETFs Emerging Markets Equities · 342 ETFs Dividend · 315 ETFs S&P 500 · 308 ETFs Corporate Bonds · 301 ETFs Government Bonds · 261 ETFs Foreign Large Cap Equities · 251 ETFs Large Cap Growth Equities · 242 ETFs Actively Managed · 211 ETFs Energy Equities · 211 ETFs ESG · 209 ETFs Options Trading · 209 ETFs Large Cap Value Equities · 208 ETFs High Yield Bonds · 206 ETFs Cryptocurrency · 202 ETFs Quality Factor · 181 ETFs Precious Metals · 165 ETFs Health & Biotech Equities · 155 ETFs Municipal Bonds · 150 ETFs REIT · 149 ETFs Japan Equities · 144 ETFs Financials Equities · 138 ETFs European Government Bonds · 137 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 HBNK.TO vs. HCAL.TO HBNK.TO vs. XEQT.TO HBNK.TO vs. XDIV.TO HBNK.TO vs. FIE.TO HBNK.TO vs. EBNK.TO ZGD.TO vs. XGD.TO ZGD.TO vs. GLD ZGD.TO vs. AMAX.TO ZGD.TO vs. GDXU ZGD.TO vs. SGDM 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. VDY.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. SETM EQL.TO vs. VFV.TO EQL.TO vs. ZSP.TO EQL.TO vs. ZDJ.TO EQL.TO vs. XMAG EQL.TO vs. SPXT HEWB.TO vs. FCCV.TO HEWB.TO vs. BNKL.TO HEWB.TO vs. ZLB.TO HEWB.TO vs. XFN.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.

Loading charts...

Time Period