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 15 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% | 213.90B | Jan 2004 | EQAL vs VO | |
| iShares Morningstar Mid-Cap ETF | 0.04% | 1.58B | Jun 2004 | EQAL vs IMCB | |
| Vanguard Extended Market ETF | 0.05% | 89.90B | Dec 2001 | EQAL vs VXF | |
| iShares Core S&P Mid-Cap ETF | 0.05% | 119.17B | May 2000 | EQAL vs IJH | |
| SPDR Portfolio S&P 400 Mid Cap ETF | 0.05% | 17.47B | Nov 2005 | EQAL vs SPMD |
Best Risk-Adjusted Alternatives to EQAL
EQAL has a PortfoliosLab risk / return rank of 63. There are 13 ETFs in the Mid Cap Blend Equities category with higher risk-adjusted ranks, going as high as 92.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Optimize Strategy Index ETF | 92 | 239.89M | Apr 2024 | EQAL vs OPTZ | |
| Invesco S&P Spin-Off ETF | 88 | 193.13M | Dec 2006 | EQAL vs CSD | |
| Pacer US Export Leaders ETF | 87 | 51.69M | Jul 2018 | EQAL vs PEXL | |
| Counterpoint Quantitative Equity ETF | 77 | 319.02M | Nov 2023 | EQAL vs CPAI | |
| Tema American Reshoring ETF | 73 | 274.07M | May 2023 | EQAL vs RSHO |
Top Performing EQAL Alternatives (YTD)
EQAL is at 12.35% YTD. There are 35 ETFs in the Mid Cap Blend Equities category with higher YTD returns, going as high as 39.67%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco S&P Spin-Off ETF | 39.67% | 193.13M | Dec 2006 | EQAL vs CSD | |
| Tema American Reshoring ETF | 33.69% | 274.07M | May 2023 | EQAL vs RSHO | |
| Optimize Strategy Index ETF | 31.51% | 239.89M | Apr 2024 | EQAL vs OPTZ | |
| Castellan Targeted Equity ETF | 29.35% | — | Jun 2025 | EQAL vs CTEF | |
| Counterpoint Quantitative Equity ETF | 27.41% | 319.02M | Nov 2023 | EQAL vs CPAI |
Lowest Volatility Alternatives to EQAL
EQAL has 12.30% 1-year volatility. There are 12 ETFs in the Mid Cap Blend Equities category with lower 1-year volatility, going as low as 8.80%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard U.S. Minimum Volatility ETF | 8.80% | 421.80M | Feb 2018 | EQAL vs VFMV | |
| ETC 6 Meridian Low Beta Equity Strategy ETF | 9.50% | 185.97M | May 2020 | EQAL vs SIXL | |
| Invesco Dynamic Market ETF | 9.75% | 95.10M | May 2003 | EQAL vs PWC | |
| Invesco Bloomberg MVP Multi-factor ETF | 9.75% | 101.26M | May 2003 | EQAL vs BMVP | |
| WisdomTree US Multifactor Fund | 10.79% | 352.83M | Jun 2017 | EQAL vs USMF |
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% | 421.80M | Feb 2018 | EQAL vs VFMV | |
| RiverNorth Patriot ETF | -6.25% | 3.96M | Feb 2022 | EQAL vs FLDZ | |
| SRH U.S. Quality ETF | -6.31% | 170.62M | Oct 2022 | EQAL vs SRHQ | |
| Invesco Dynamic Market ETF | -6.45% | 95.10M | May 2003 | EQAL vs PWC | |
| Invesco Bloomberg MVP Multi-factor ETF | -6.45% | 101.26M | May 2003 | EQAL vs BMVP |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, SPMO, QQQM and span 11 categories. AUM among these funds goes as high as $494B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 73 | 21.30% | 493.99B | Mar 1999 | EQAL vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 75 | 30.35% | 19.93B | Oct 2015 | EQAL vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 74 | 21.39% | 96.91B | Oct 2020 | EQAL vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500 | 49 | 9.70% | 89.51B | Apr 2003 | EQAL vs RSP | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 56 | 7.57% | 11.15B | May 2005 | EQAL vs XLG | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 96 | 96.72% | 2.41B | Jun 2021 | EQAL vs SOXQ | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Blend Equities | 54 | 15.48% | 18.88B | Dec 2005 | EQAL vs SPHQ | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Large Cap Value Equities | 21 | 4.38% | 3.23B | Oct 2012 | EQAL vs SPHD | |
| Invesco Aerospace & Defense ETF | Industrials Equities, Aerospace & Defense | 37 | 8.54% | 8.37B | Oct 2005 | EQAL vs PPA | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 67 | 23.73% | 7.49B | Mar 2005 | EQAL vs XMMO |
Often Compared With EQAL
Investors most often compare EQAL with IWB, SPY, IWM. These 20 comparison targets span 11 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