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 12 ETFs in the S&P 500 category with lower expense ratios, going as low as 0.04%.

Symbol	Name	Expense Ratio	AUM	Inception
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	0.04%	249.48M	Jul 2023	EQL.TO vs USCL.TO
ZSP.TO	BMO S&P 500 Index ETF	0.09%	23.82B	Nov 2012	EQL.TO vs ZSP.TO
XSP.TO	iShares Core S&P 500 Index ETF (CAD-Hedged)	0.09%	15.61B	May 2001	EQL.TO vs XSP.TO
VFV.TO	Vanguard S&P 500 Index ETF	0.09%	32.85B	Nov 2012	EQL.TO vs VFV.TO
XUS.TO	iShares Core S&P 500 Index ETF	0.09%	12.60B	Apr 2013	EQL.TO vs XUS.TO

Best Risk-Adjusted Alternatives to EQL.TO

EQL.TO has a PortfoliosLab risk / return rank of 54. There are 15 ETFs in the S&P 500 category with higher risk-adjusted ranks, going as high as 81.

Symbol	Name	Risk / Return Rank	AUM	Inception
USSL.TO	Global X Enhanced S&P 500 Index ETF	81	10.16M	May 2024	EQL.TO vs USSL.TO
USCC.TO	Global X S&P 500 Covered Call ETF	80	400.59M	Sep 2011	EQL.TO vs USCC.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	75	249.48M	Jul 2023	EQL.TO vs USCL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	75	—	Jul 2024	EQL.TO vs XUSC.TO
VFV.TO	Vanguard S&P 500 Index ETF	74	32.85B	Nov 2012	EQL.TO vs VFV.TO

Top Performing EQL.TO Alternatives (YTD)

EQL.TO is at 10.79% YTD. There are 7 ETFs in the S&P 500 category with higher YTD returns, going as high as 14.51%.

Symbol	Name	YTD Return	AUM	Inception
USSL.TO	Global X Enhanced S&P 500 Index ETF	14.51%	10.16M	May 2024	EQL.TO vs USSL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	12.69%	—	Jul 2024	EQL.TO vs XUSC.TO
VFV.TO	Vanguard S&P 500 Index ETF	12.30%	32.85B	Nov 2012	EQL.TO vs VFV.TO
XUS.TO	iShares Core S&P 500 Index ETF	12.21%	12.60B	Apr 2013	EQL.TO vs XUS.TO
ZSP.TO	BMO S&P 500 Index ETF	12.15%	23.82B	Nov 2012	EQL.TO vs ZSP.TO

Lowest Volatility Alternatives to EQL.TO

EQL.TO has 11.99% 1-year volatility. There are 11 ETFs in the S&P 500 category with lower 1-year volatility, going as low as 9.08%.

Symbol	Name	Volatility 1Y	AUM	Inception
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	9.08%	155.19M	Nov 2025	EQL.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	9.32%	400.59M	Sep 2011	EQL.TO vs USCC.TO
VFV.TO	Vanguard S&P 500 Index ETF	11.46%	32.85B	Nov 2012	EQL.TO vs VFV.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	11.46%	—	Jul 2024	EQL.TO vs XUSC.TO
ZSP.TO	BMO S&P 500 Index ETF	11.53%	23.82B	Nov 2012	EQL.TO vs ZSP.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 -5.45%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	-5.45%	155.19M	Nov 2025	EQL.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	-6.71%	400.59M	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
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	-8.56%	249.48M	Jul 2023	EQL.TO vs USCL.TO
ZSP.TO	BMO S&P 500 Index ETF	-8.61%	23.82B	Nov 2012	EQL.TO vs ZSP.TO

Other ETFs from Invesco

The 8 most viewed Invesco ETFs shown here include QQC.TO, QQC-F.TO, INAI.TO and span 5 categories. AUM among these funds goes as high as $2B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
QQC.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	Nasdaq-100	76	22.65%	1.96B	May 2021	EQL.TO vs QQC.TO
QQC-F.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	Nasdaq-100	66	19.79%	1.54B	May 2021	EQL.TO vs QQC-F.TO
INAI.TO	Invesco Morningstar Global Next Gen AI Index ETF	Technology Equities	77	39.66%	—	Jan 2024	EQL.TO vs INAI.TO
QQCI.TO	Invesco NASDAQ 100 Income Advantage ETF	Nasdaq-100	82	16.01%	59.49M	Nov 2025	EQL.TO vs QQCI.TO
QQCE.TO	Invesco ESG NASDAQ 100 Index ETF	Nasdaq-100	76	23.30%	—	Nov 2021	EQL.TO vs QQCE.TO
ESG.TO	Invesco S&P 500 ESG Index ETF	S&P 500, ESG	71	10.72%	1.05B	Mar 2020	EQL.TO vs ESG.TO
TLV.TO	Invesco S&P/TSX Composite Low Volatility Index ETF	Canada Equities	92	9.97%	99.35M	Apr 2012	EQL.TO vs TLV.TO
ESGC.TO	Invesco S&P/TSX Composite ESG Index ETF	Canada Equities, ESG	82	12.27%	—	Oct 2020	EQL.TO vs ESGC.TO

Often Compared With EQL.TO

Investors most often compare EQL.TO with ZDJ.TO, XMAG, SPXT. These 20 comparison targets span 8 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	42	5.24%	420.50M	Feb 2011	EQL.TO vs ZDJ.TO
XMAG	Defiance Large Cap ex-Mag 7 ETF	Large Cap Blend Equities	68	12.73%	143.36M	Oct 2024	EQL.TO vs XMAG
SPXT	ProShares S&P 500 Ex-Technology ETF	S&P 500	41	2.70%	267.81M	Sep 2015	EQL.TO vs SPXT
VIU.TO	Vanguard FTSE Developed All Cap ex North America I...	International Equity	62	16.73%	10.65B	Dec 2015	EQL.TO vs VIU.TO
XGI.TO	iShares S&P Global Industrials Index ETF (CAD-Hedg...	Industrials Equities	42	9.86%	158.77M	Mar 2013	EQL.TO vs XGI.TO
CIF.TO	iShares Global Infrastructure Index ETF	Energy Equities	70	25.20%	1.44B	Aug 2008	EQL.TO vs CIF.TO
ZSP-U.TO	BMO S&P 500 Index ETF (USD)	S&P 500	68	10.58%	—	Nov 2012	EQL.TO vs ZSP-U.TO
XMC.TO	iShares S&P U.S. Mid-Cap Index ETF	Mid Cap Blend Equities	56	15.43%	808.37M	Aug 2015	EQL.TO vs XMC.TO
XTOT.TO	iShares Core S&P Total U.S. Stock Market Index ETF	Large Cap Blend Equities	67	12.63%	—	May 2025	EQL.TO vs XTOT.TO
VSP.TO	Vanguard S&P 500 CAD-hedged ETF	S&P 500	60	9.64%	6.15B	Nov 2012	EQL.TO vs VSP.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	71	11.99%	6.67B	Nov 2010	EQL.TO vs HXS.TO
ZUE.TO	BMO S&P 500 (CAD Hedged)	S&P 500	62	9.67%	4.59B	May 2009	EQL.TO vs ZUE.TO
HIU.TO	BetaPro S&P 500 Daily Inverse ETF	Inverse Equities, S&P 500	0	-9.58%	25.27M	Feb 2010	EQL.TO vs HIU.TO
XUS-U.TO	iShares Core S&P 500 Index ETF	S&P 500	68	10.51%	—	Oct 2019	EQL.TO vs XUS-U.TO
SPY	State Street SPDR S&P 500 ETF	S&P 500	70	10.91%	781.00B	Jan 1993	EQL.TO vs SPY
RSP	Invesco S&P 500 Equal Weight ETF	S&P 500	49	9.70%	89.51B	Apr 2003	EQL.TO vs RSP
RSPA	Invesco S&P 500 Equal Weight Income Advantage ETF	S&P 500	59	7.86%	841.40M	Jul 2025	EQL.TO vs RSPA
VGG.TO	Vanguard U.S. Dividend Appreciation Index ETF	Dividend, Large Cap Blend Equities	59	8.57%	2.46B	Aug 2013	EQL.TO vs VGG.TO
VUN.TO	Vanguard U.S. Total Market Index ETF	Large Cap Blend Equities	72	12.43%	18.15B	Aug 2013	EQL.TO vs VUN.TO
TPU.TO	TD U.S. Equity Index ETF	Large Cap Blend Equities	73	12.48%	5.84B	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