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

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 funds that fit a different role in your portfolio.

Cheapest Alternatives to EQL.TO

EQL.TO charges 0.25% annually. Among ETFs in the S&P 500 category, these options have the lowest expense ratios among EQL.TO alternatives.

Symbol	Name	Expense Ratio	Inception
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	0.04%	Jul 5, 2023	EQL.TO vs USCL.TO
XUS-U.TO	iShares Core S&P 500 Index ETF	0.09%	Oct 9, 2019	EQL.TO vs XUS-U.TO
VSP.TO	Vanguard S&P 500 CAD-hedged ETF	0.09%	Nov 2, 2012	EQL.TO vs VSP.TO
ZSP.TO	BMO S&P 500 Index ETF	0.09%	Nov 14, 2012	EQL.TO vs ZSP.TO
ZUE.TO	BMO S&P 500 (CAD Hedged)	0.09%	May 29, 2009	EQL.TO vs ZUE.TO

Best Risk-Adjusted Alternatives to EQL.TO

Among ETFs in the S&P 500 category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
XUS-U.TO	iShares Core S&P 500 Index ETF	62	Oct 9, 2019	EQL.TO vs XUS-U.TO
VSP.TO	Vanguard S&P 500 CAD-hedged ETF	57	Nov 2, 2012	EQL.TO vs VSP.TO
XSP.TO	iShares Core S&P 500 Index ETF (CAD-Hedged)	57	May 24, 2001	EQL.TO vs XSP.TO
ZSP-U.TO	BMO S&P 500 Index ETF (USD)	55	Nov 14, 2012	EQL.TO vs ZSP-U.TO
ZUE.TO	BMO S&P 500 (CAD Hedged)	53	May 29, 2009	EQL.TO vs ZUE.TO

Top Performing EQL.TO Alternatives (YTD)

EQL.TO alternatives from the S&P 500 category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
HIU.TO	BetaPro S&P 500 Daily Inverse ETF	8.11%	Feb 3, 2010	EQL.TO vs HIU.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	2.05%	Nov 6, 2025	EQL.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	-2.45%	Sep 13, 2011	EQL.TO vs USCC.TO
XUS.TO	iShares Core S&P 500 Index ETF	-3.09%	Apr 10, 2013	EQL.TO vs XUS.TO
VFV.TO	Vanguard S&P 500 Index ETF	-3.12%	Nov 2, 2012	EQL.TO vs VFV.TO

Lowest Volatility Alternatives to EQL.TO

EQL.TO alternatives from the S&P 500 category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	13.83%	Nov 6, 2025	EQL.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	16.30%	Sep 13, 2011	EQL.TO vs USCC.TO
XSP.TO	iShares Core S&P 500 Index ETF (CAD-Hedged)	17.80%	May 24, 2001	EQL.TO vs XSP.TO
ZSP-U.TO	BMO S&P 500 Index ETF (USD)	18.03%	Nov 14, 2012	EQL.TO vs ZSP-U.TO
ZUE.TO	BMO S&P 500 (CAD Hedged)	18.08%	May 29, 2009	EQL.TO vs ZUE.TO

Lowest Drawdown Alternatives to EQL.TO

EQL.TO alternatives from the S&P 500 category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
USCC.TO	Global X S&P 500 Covered Call ETF	-11.92%	Sep 13, 2011	EQL.TO vs USCC.TO
XSP.TO	iShares Core S&P 500 Index ETF (CAD-Hedged)	-11.93%	May 24, 2001	EQL.TO vs XSP.TO
ZUE.TO	BMO S&P 500 (CAD Hedged)	-11.95%	May 29, 2009	EQL.TO vs ZUE.TO
XUS-U.TO	iShares Core S&P 500 Index ETF	-12.02%	Oct 9, 2019	EQL.TO vs XUS-U.TO
VSP.TO	Vanguard S&P 500 CAD-hedged ETF	-12.07%	Nov 2, 2012	EQL.TO vs VSP.TO

Other ETFs from Invesco

Most popular Invesco ETFs on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
QQC.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	Large Cap Growth Equities	57	-4.69%	May 27, 2021	EQL.TO vs QQC.TO
QQC-F.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	Large Cap Blend Equities	61	-6.44%	May 27, 2021	EQL.TO vs QQC-F.TO
INAI.TO	Invesco Morningstar Global Next Gen AI Index ETF	Technology Equities	57	-9.34%	Jan 18, 2024	EQL.TO vs INAI.TO
QQCI.TO	Invesco NASDAQ 100 Income Advantage ETF	Large Cap Growth Equities	61	-2.67%	Nov 6, 2025	EQL.TO vs QQCI.TO
ESG.TO	Invesco S&P 500 ESG Index ETF	S&P 500, ESG	41	-3.46%	Mar 5, 2020	EQL.TO vs ESG.TO
TLV.TO	Invesco S&P/TSX Composite Low Volatility Index ETF	Canada Equities	96	3.87%	Apr 24, 2012	EQL.TO vs TLV.TO
QQCE.TO	Invesco ESG NASDAQ 100 Index ETF	Large Cap Growth Equities	50	-5.29%	Nov 15, 2021	EQL.TO vs QQCE.TO

Often Compared With EQL.TO

What investors most often compare with EQL.TO, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
ZDJ.TO	BMO Dow Jones Industrial Average Hedged to CAD Ind...	Large Cap Blend Equities	34	-3.79%	Feb 3, 2011	EQL.TO vs ZDJ.TO
VIU.TO	Vanguard FTSE Developed All Cap ex North America I...	International Equity	79	4.20%	Dec 1, 2015	EQL.TO vs VIU.TO
XGI.TO	iShares S&P Global Industrials Index ETF (CAD-Hedg...	Industrials Equities	67	1.26%	Mar 26, 2013	EQL.TO vs XGI.TO
XMAG	Defiance Large Cap ex-Mag 7 ETF	Large Cap Blend Equities	54	-1.56%	Oct 21, 2024	EQL.TO vs XMAG
CIF.TO	iShares Global Infrastructure Index ETF	Energy Equities	91	15.08%	Aug 27, 2008	EQL.TO vs CIF.TO
SPXT	ProShares S&P 500 Ex-Technology ETF	S&P 500	52	-2.11%	Sep 22, 2015	EQL.TO vs SPXT
XMC.TO	iShares S&P U.S. Mid-Cap Index ETF	Mid Cap Blend Equities	36	3.74%	Aug 4, 2015	EQL.TO vs XMC.TO
XTOT.TO	iShares Core S&P Total U.S. Stock Market Index ETF	Large Cap Blend Equities	—	-2.69%	May 28, 2025	EQL.TO vs XTOT.TO
RSPA	Invesco S&P 500 Equal Weight Income Advantage ETF	S&P 500	49	0.42%	Jul 17, 2025	EQL.TO vs RSPA
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	45	-3.28%	Nov 30, 2010	EQL.TO vs HXS.TO
RSP	Invesco S&P 500 Equal Weight ETF	S&P 500	47	0.62%	Apr 24, 2003	EQL.TO vs RSP
SPY	State Street SPDR S&P 500 ETF	S&P 500	64	-4.37%	Jan 22, 1993	EQL.TO vs SPY
VGG.TO	Vanguard U.S. Dividend Appreciation Index ETF	Dividend, Large Cap Blend Equities	34	-0.67%	Aug 2, 2013	EQL.TO vs VGG.TO
VUN.TO	Vanguard US Total Market Index ETF	Large Cap Growth Equities	47	-2.82%	Aug 2, 2013	EQL.TO vs VUN.TO

Compare EQL.TO with Any Fund or Stock

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

Symbol name

Invesco S&P 500 Equal Weight Index ETF CAD

Symbol name