Invesco Russell 1000 Equal Weight ETF (EQAL) belongs to the Mid Cap Blend Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with EQAL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to EQAL
EQAL charges 0.20% annually. There are 18 ETFs in the Mid Cap Blend Equities category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Mid-Cap ETF | 0.03% | 218.80B | Jan 2004 | EQAL vs VO | |
| SPDR Portfolio S&P 400 Mid Cap ETF | 0.03% | 18.14B | Nov 2005 | EQAL vs SPMD | |
| Schwab US Mid-Cap ETF | 0.04% | 14.91B | Jan 2011 | EQAL vs SCHM | |
| iShares Morningstar Mid-Cap ETF | 0.04% | 1.64B | Jun 2004 | EQAL vs IMCB | |
| iShares Core S&P Mid-Cap ETF | 0.05% | 122.37B | May 2000 | EQAL vs IJH |
Best Risk-Adjusted Alternatives to EQAL
EQAL has a PortfoliosLab risk / return rank of 67. There are 17 ETFs in the Mid Cap Blend Equities category with higher risk-adjusted ranks, going as high as 93.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Castellan Targeted Equity ETF | 93 | — | Jun 2025 | EQAL vs CTEF | |
| Invesco S&P Spin-Off ETF | 89 | 226.12M | Dec 2006 | EQAL vs CSD | |
| Optimize Strategy Index ETF | 89 | 239.89M | Apr 2024 | EQAL vs OPTZ | |
| Counterpoint Quantitative Equity ETF | 87 | 366.29M | Nov 2023 | EQAL vs CPAI | |
| iShares MSCI Peru ETF | 83 | 536.81M | Jun 2009 | EQAL vs EPU |
Top Performing EQAL Alternatives (YTD)
EQAL is at 13.42% YTD. There are 44 ETFs in the Mid Cap Blend Equities category with higher YTD returns, going as high as 37.32%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco S&P Spin-Off ETF | 37.32% | 226.12M | Dec 2006 | EQAL vs CSD | |
| Castellan Targeted Equity ETF | 34.60% | — | Jun 2025 | EQAL vs CTEF | |
| Optimize Strategy Index ETF | 29.14% | 239.89M | Apr 2024 | EQAL vs OPTZ | |
| Counterpoint Quantitative Equity ETF | 27.31% | 366.29M | Nov 2023 | EQAL vs CPAI | |
| Vanguard U.S. Momentum Factor ETF | 21.55% | 1.70B | Feb 2018 | EQAL vs VFMO |
Lowest Volatility Alternatives to EQAL
EQAL has 12.33% 1-year volatility. There are 13 ETFs in the Mid Cap Blend Equities category with lower 1-year volatility, going as low as 8.76%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard U.S. Minimum Volatility ETF | 8.76% | 426.50M | Feb 2018 | EQAL vs VFMV | |
| Invesco Bloomberg MVP Multi-factor ETF | 9.74% | 101.68M | May 2003 | EQAL vs BMVP | |
| Invesco Dynamic Market ETF | 9.74% | 95.10M | May 2003 | EQAL vs PWC | |
| ETC 6 Meridian Low Beta Equity Strategy ETF | 10.25% | 185.97M | May 2020 | EQAL vs SIXL | |
| Indexperts Quality Earnings Focused ETF | 11.02% | 34.97M | Dec 2024 | EQAL vs QIDX |
Lowest Drawdown Alternatives to EQAL
EQAL has a 1-year max drawdown of -6.67%. There are 11 ETFs in the Mid Cap Blend Equities category with shallower 1-year drawdowns, going as shallow as -6.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard U.S. Minimum Volatility ETF | -6.00% | 426.50M | Feb 2018 | EQAL vs VFMV | |
| RiverNorth Patriot ETF | -6.25% | 3.97M | Feb 2022 | EQAL vs FLDZ | |
| SRH U.S. Quality ETF | -6.31% | 170.62M | Oct 2022 | EQAL vs SRHQ | |
| Invesco Bloomberg MVP Multi-factor ETF | -6.45% | 101.68M | May 2003 | EQAL vs BMVP | |
| Invesco Dynamic Market ETF | -6.45% | 95.10M | May 2003 | EQAL vs PWC |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, SPMO, QQQM and span 12 categories. AUM among these funds goes as high as $481B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 58 | 16.13% | 481.14B | Mar 1999 | EQAL vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 62 | 26.03% | 22.01B | Oct 2015 | EQAL vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 59 | 16.16% | 100.59B | Oct 2020 | EQAL vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 58 | 12.75% | 96.24B | Apr 2003 | EQAL vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 92 | 74.43% | 2.58B | Jun 2021 | EQAL vs SOXQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 40 | 3.75% | 10.85B | May 2005 | EQAL vs XLG | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Blend Equities | 65 | 16.39% | 20.11B | Dec 2005 | EQAL vs SPHQ | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Large Cap Value Equities | 37 | 11.46% | 3.29B | Oct 2012 | EQAL vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 50 | 14.98% | 7.45B | Mar 2005 | EQAL vs XMMO | |
| Invesco Aerospace & Defense ETF | Aerospace & Defense, Industrials Equities | 35 | 9.54% | 8.22B | Oct 2005 | EQAL vs PPA |
Often Compared With EQAL
Investors most often compare EQAL with IWB, IWM, SPY. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare EQAL with Any Fund or Stock
Compare EQAL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair EQAL with funds that move differently
Invesco Russell 1000 Equal Weight ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EQAL.
Explore EQAL Diversifiers