EQL.TO Alternatives & Similar ETFs

Invesco S&P 500 Equal Weight Index ETF CAD (EQL.TO) belongs to the S&P 500 category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with EQL.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to EQL.TO

EQL.TO charges 0.25% annually. There are 11 ETFs in the S&P 500 category with lower expense ratios, going as low as 0.09%.

Symbol	Name	Expense Ratio	AUM	Inception
ZUE.TO	BMO S&P 500 (CAD Hedged)	0.09%	4.83B	May 2009	EQL.TO vs ZUE.TO
XUS.TO	iShares Core S&P 500 Index ETF	0.09%	13.11B	Apr 2013	EQL.TO vs XUS.TO
XUS-U.TO	iShares Core S&P 500 Index ETF	0.09%	—	Oct 2019	EQL.TO vs XUS-U.TO
VSP.TO	Vanguard S&P 500 Index ETF (CAD-hedged)	0.09%	6.11B	Nov 2012	EQL.TO vs VSP.TO
ZSP.TO	BMO S&P 500 Index ETF	0.09%	24.35B	Nov 2012	EQL.TO vs ZSP.TO

Best Risk-Adjusted Alternatives to EQL.TO

EQL.TO has a PortfoliosLab risk / return rank of 70. There are 11 ETFs in the S&P 500 category with higher risk-adjusted ranks, going as high as 88.

Symbol	Name	Risk / Return Rank	AUM	Inception
USSL.TO	Global X Enhanced S&P 500 Index ETF	88	11.27M	May 2024	EQL.TO vs USSL.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	87	169.56M	Nov 2025	EQL.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	85	563.51M	Sep 2011	EQL.TO vs USCC.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	83	250.73M	Jul 2023	EQL.TO vs USCL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	79	—	Jul 2024	EQL.TO vs XUSC.TO

Top Performing EQL.TO Alternatives (YTD)

EQL.TO is at 14.27% YTD. There is 1 ETF in the S&P 500 category with a higher YTD return, going as high as 15.64%.

Symbol	Name	YTD Return	AUM	Inception
USSL.TO	Global X Enhanced S&P 500 Index ETF	15.64%	11.27M	May 2024	EQL.TO vs USSL.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	14.21%	250.73M	Jul 2023	EQL.TO vs USCL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	13.99%	—	Jul 2024	EQL.TO vs XUSC.TO
XUS.TO	iShares Core S&P 500 Index ETF	13.69%	13.11B	Apr 2013	EQL.TO vs XUS.TO
VFV.TO	Vanguard S&P 500 Index ETF	13.67%	34.09B	Nov 2012	EQL.TO vs VFV.TO

Lowest Volatility Alternatives to EQL.TO

EQL.TO has 12.15% 1-year volatility. There are 5 ETFs in the S&P 500 category with lower 1-year volatility, going as low as 9.21%.

Symbol	Name	Volatility 1Y	AUM	Inception
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	9.21%	169.56M	Nov 2025	EQL.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	10.04%	563.51M	Sep 2011	EQL.TO vs USCC.TO
USCC-U.TO	Global X S&P 500 Covered Call ETF	10.24%	—	Sep 2011	EQL.TO vs USCC-U.TO
VFV.TO	Vanguard S&P 500 Index ETF	12.07%	34.09B	Nov 2012	EQL.TO vs VFV.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	12.09%	—	Jul 2024	EQL.TO vs XUSC.TO

Lowest Drawdown Alternatives to EQL.TO

EQL.TO has a 1-year max drawdown of -6.73%. There are 2 ETFs in the S&P 500 category with shallower 1-year drawdowns, going as shallow as -5.47%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	-5.47%	169.56M	Nov 2025	EQL.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	-6.71%	563.51M	Sep 2011	EQL.TO vs USCC.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	-7.60%	—	Jul 2024	EQL.TO vs XUSC.TO
USCC-U.TO	Global X S&P 500 Covered Call ETF	-7.72%	—	Sep 2011	EQL.TO vs USCC-U.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	-8.56%	250.73M	Jul 2023	EQL.TO vs USCL.TO

Other ETFs from Invesco

The 10 most viewed Invesco ETFs shown here include QQC.TO, QQC-F.TO, INAI.TO and span 6 categories. AUM among these funds goes as high as $4B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
QQC.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	Nasdaq-100	66	19.68%	3.73B	May 2021	EQL.TO vs QQC.TO
QQC-F.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	Nasdaq-100	51	15.57%	3.73B	May 2021	EQL.TO vs QQC-F.TO
INAI.TO	Invesco Morningstar Global Next Gen AI Index ETF	Technology Equities	41	27.50%	—	Jan 2024	EQL.TO vs INAI.TO
QQCI.TO	Invesco NASDAQ 100 Income Advantage ETF	Nasdaq-100	79	15.75%	63.79M	Nov 2025	EQL.TO vs QQCI.TO
QQCE.TO	Invesco ESG NASDAQ 100 Index ETF	Nasdaq-100	62	20.57%	—	Nov 2021	EQL.TO vs QQCE.TO
ESG.TO	Invesco S&P 500 ESG Index ETF	S&P 500, ESG	70	12.47%	1.22B	Mar 2020	EQL.TO vs ESG.TO
TLV.TO	Invesco S&P/TSX Composite Low Volatility Index ETF	Canada Equities	97	18.03%	103.58M	Apr 2012	EQL.TO vs TLV.TO
ESGC.TO	Invesco S&P/TSX Composite ESG Index ETF	Canada Equities, ESG	88	14.26%	—	Oct 2020	EQL.TO vs ESGC.TO
PZW.TO	Invesco FTSE RAFI Global Small-Mid ETF	Global Equities	80	16.55%	34.80M	Jan 2018	EQL.TO vs PZW.TO
PXC.TO	Invesco RAFI Canadian Index ETF	Canada Equities	97	20.90%	250.75M	Jan 2012	EQL.TO vs PXC.TO

Often Compared With EQL.TO

Investors most often compare EQL.TO with ZDJ.TO, XMAG, SPXT. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ZDJ.TO	BMO Dow Jones Industrial Average Hedged to CAD Ind...	Large Cap Blend Equities	51	9.09%	453.20M	Feb 2011	EQL.TO vs ZDJ.TO
XMAG	Defiance Large Cap ex-Mag 7 ETF	Large Cap Blend Equities	72	12.81%	180.95M	Oct 2024	EQL.TO vs XMAG
SPXT	ProShares S&P 500 Ex-Technology ETF	S&P 500	61	7.29%	273.82M	Sep 2015	EQL.TO vs SPXT
VIU.TO	Vanguard FTSE Developed All Cap ex North America I...	International Equity	73	17.21%	11.04B	Dec 2015	EQL.TO vs VIU.TO
XGI.TO	iShares S&P Global Industrials Index ETF (CAD-Hedg...	Industrials Equities	46	12.09%	163.80M	Mar 2013	EQL.TO vs XGI.TO
CIF.TO	iShares Global Infrastructure Index ETF	Energy Equities	83	27.34%	1.60B	Aug 2008	EQL.TO vs CIF.TO
ZSP-U.TO	BMO S&P 500 Index ETF (USD)	S&P 500	67	11.05%	—	Nov 2012	EQL.TO vs ZSP-U.TO
XSP.TO	iShares Core S&P 500 Index ETF (CAD-Hedged)	S&P 500	59	9.73%	15.74B	May 2001	EQL.TO vs XSP.TO
XTOT.TO	iShares Core S&P Total U.S. Stock Market Index ETF	Large Cap Blend Equities	67	14.09%	—	May 2025	EQL.TO vs XTOT.TO
XMC.TO	iShares S&P U.S. Mid-Cap Index ETF	Mid Cap Blend Equities	65	17.56%	859.77M	Aug 2015	EQL.TO vs XMC.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	75	13.39%	7.49B	Nov 2010	EQL.TO vs HXS.TO
RSPA	Invesco S&P 500 Equal Weight Income Advantage ETF	S&P 500, Equal Weight	74	10.15%	961.31M	Jul 2024	EQL.TO vs RSPA
SPY	State Street SPDR S&P 500 ETF	S&P 500	70	11.28%	783.21B	Jan 1993	EQL.TO vs SPY
RSP	Invesco S&P 500 Equal Weight ETF	S&P 500, Equal Weight	61	12.08%	96.24B	Apr 2003	EQL.TO vs RSP
PXS.TO	Invesco RAFI U.S. Index ETF II CAD	Large Cap Value Equities	95	18.99%	58.11M	Apr 2015	EQL.TO vs PXS.TO
VUN.TO	Vanguard U.S. Total Market Index ETF	Large Cap Blend Equities	77	14.11%	18.99B	Aug 2013	EQL.TO vs VUN.TO
VGG.TO	Vanguard U.S. Dividend Appreciation Index ETF	Dividend, Large Cap Blend Equities	75	10.91%	2.57B	Aug 2013	EQL.TO vs VGG.TO
PSB.TO	Invesco 1-5 Year Laddered Investment Grade Corpora...	Corporate Bonds	64	1.60%	521.94M	Jun 2011	EQL.TO vs PSB.TO
PFL.TO	Invesco Canadian Government Floating Rate Index ET...	Canadian Government Bonds	97	1.31%	258.84M	Jul 2014	EQL.TO vs PFL.TO
TPU.TO	TD U.S. Equity Index ETF	Large Cap Blend Equities	77	13.90%	6.18B	Mar 2016	EQL.TO vs TPU.TO

Compare EQL.TO with Any Fund or Stock

Compare EQL.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair EQL.TO with funds that move differently

Invesco S&P 500 Equal Weight Index ETF CAD alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EQL.TO.

Explore EQL.TO Diversifiers

Invesco S&P 500 Equal Weight Index ETF CAD (EQL.TO) Alternatives