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%	250.98M	Jul 2023	EQL.TO vs USCL.TO
VSP.TO	Vanguard S&P 500 Index ETF (CAD-hedged)	0.09%	6.15B	Nov 2012	EQL.TO vs VSP.TO
ZSP.TO	BMO S&P 500 Index ETF	0.09%	24.23B	Nov 2012	EQL.TO vs ZSP.TO
XSP.TO	iShares Core S&P 500 Index ETF (CAD-Hedged)	0.09%	15.52B	May 2001	EQL.TO vs XSP.TO
XUS.TO	iShares Core S&P 500 Index ETF	0.09%	12.94B	Apr 2013	EQL.TO vs XUS.TO

Best Risk-Adjusted Alternatives to EQL.TO

EQL.TO has a PortfoliosLab risk / return rank of 69. There are 10 ETFs in the S&P 500 category with higher risk-adjusted ranks, going as high as 89.

Symbol	Name	Risk / Return Rank	AUM	Inception
USSL.TO	Global X Enhanced S&P 500 Index ETF	89	11.18M	May 2024	EQL.TO vs USSL.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	84	155.19M	Nov 2025	EQL.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	81	561.57M	Sep 2011	EQL.TO vs USCC.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	79	—	Jul 2024	EQL.TO vs XUSC.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	78	250.98M	Jul 2023	EQL.TO vs USCL.TO

Top Performing EQL.TO Alternatives (YTD)

EQL.TO is at 14.48% YTD. No ETFs in the S&P 500 category have higher YTD returns; the top-performing alternatives shown here go as high as 13.68%.

Symbol	Name	YTD Return	AUM	Inception
USSL.TO	Global X Enhanced S&P 500 Index ETF	13.68%	11.18M	May 2024	EQL.TO vs USSL.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	13.63%	—	Jul 2024	EQL.TO vs XUSC.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	12.97%	155.19M	Nov 2025	EQL.TO vs EQLI.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	12.39%	250.98M	Jul 2023	EQL.TO vs USCL.TO
ZSP.TO	BMO S&P 500 Index ETF	11.92%	24.23B	Nov 2012	EQL.TO vs ZSP.TO

Lowest Volatility Alternatives to EQL.TO

EQL.TO has 12.06% 1-year volatility. There are 4 ETFs in the S&P 500 category with lower 1-year volatility, going as low as 9.15%.

Symbol	Name	Volatility 1Y	AUM	Inception
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	9.15%	155.19M	Nov 2025	EQL.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	9.86%	561.57M	Sep 2011	EQL.TO vs USCC.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	11.89%	—	Jul 2024	EQL.TO vs XUSC.TO
VFV.TO	Vanguard S&P 500 Index ETF	11.95%	32.85B	Nov 2012	EQL.TO vs VFV.TO
ZSP.TO	BMO S&P 500 Index ETF	12.07%	24.23B	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 -5.47%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	-5.47%	155.19M	Nov 2025	EQL.TO vs EQLI.TO
USCC.TO	Global X S&P 500 Covered Call ETF	-6.71%	561.57M	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%	250.98M	Jul 2023	EQL.TO vs USCL.TO
ZSP.TO	BMO S&P 500 Index ETF	-8.61%	24.23B	Nov 2012	EQL.TO vs ZSP.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 $2B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
QQC.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	Nasdaq-100	69	20.02%	1.96B	May 2021	EQL.TO vs QQC.TO
QQC-F.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	Nasdaq-100	53	14.55%	1.54B	May 2021	EQL.TO vs QQC-F.TO
INAI.TO	Invesco Morningstar Global Next Gen AI Index ETF	Technology Equities	46	29.72%	—	Jan 2024	EQL.TO vs INAI.TO
QQCI.TO	Invesco NASDAQ 100 Income Advantage ETF	Nasdaq-100	80	15.20%	59.49M	Nov 2025	EQL.TO vs QQCI.TO
ESG.TO	Invesco S&P 500 ESG Index ETF	S&P 500, ESG	74	11.81%	1.05B	Mar 2020	EQL.TO vs ESG.TO
QQCE.TO	Invesco ESG NASDAQ 100 Index ETF	Nasdaq-100	69	20.38%	—	Nov 2021	EQL.TO vs QQCE.TO
TLV.TO	Invesco S&P/TSX Composite Low Volatility Index ETF	Canada Equities	96	15.54%	99.35M	Apr 2012	EQL.TO vs TLV.TO
ESGC.TO	Invesco S&P/TSX Composite ESG Index ETF	Canada Equities, ESG	86	12.95%	—	Oct 2020	EQL.TO vs ESGC.TO
PXC.TO	Invesco RAFI Canadian Index ETF	Canada Equities	96	17.12%	245.79M	Jan 2012	EQL.TO vs PXC.TO
PZW.TO	Invesco FTSE RAFI Global Small-Mid ETF	Global Equities	84	15.70%	25.73M	Jan 2018	EQL.TO vs PZW.TO

Often Compared With EQL.TO

Investors most often compare EQL.TO with ZDJ.TO, XMAG, SPXT. These 20 comparison targets span 10 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	48	7.33%	439.29M	Feb 2011	EQL.TO vs ZDJ.TO
XMAG	Defiance Large Cap ex-Mag 7 ETF	Large Cap Blend Equities	69	12.81%	142.20M	Oct 2024	EQL.TO vs XMAG
SPXT	ProShares S&P 500 Ex-Technology ETF	S&P 500	43	3.40%	268.00M	Sep 2015	EQL.TO vs SPXT
VIU.TO	Vanguard FTSE Developed All Cap ex North America I...	International Equity	69	18.03%	10.65B	Dec 2015	EQL.TO vs VIU.TO
XGI.TO	iShares S&P Global Industrials Index ETF (CAD-Hedg...	Industrials Equities	54	12.31%	166.78M	Mar 2013	EQL.TO vs XGI.TO
CIF.TO	iShares Global Infrastructure Index ETF	Energy Equities	80	28.27%	1.57B	Aug 2008	EQL.TO vs CIF.TO
ZSP-U.TO	BMO S&P 500 Index ETF (USD)	S&P 500	60	7.88%	—	Nov 2012	EQL.TO vs ZSP-U.TO
XMC.TO	iShares S&P U.S. Mid-Cap Index ETF	Mid Cap Blend Equities	68	19.29%	852.07M	Aug 2015	EQL.TO vs XMC.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	71	11.68%	7.12B	Nov 2010	EQL.TO vs HXS.TO
XTOT.TO	iShares Core S&P Total U.S. Stock Market Index ETF	Large Cap Blend Equities	65	12.57%	—	May 2025	EQL.TO vs XTOT.TO
ZUE.TO	BMO S&P 500 (CAD Hedged)	S&P 500	50	6.63%	4.65B	May 2009	EQL.TO vs ZUE.TO
XUS-U.TO	iShares Core S&P 500 Index ETF	S&P 500	59	7.31%	—	Oct 2019	EQL.TO vs XUS-U.TO
SPY	State Street SPDR S&P 500 ETF	S&P 500	60	8.10%	765.27B	Jan 1993	EQL.TO vs SPY
RSPA	Invesco S&P 500 Equal Weight Income Advantage ETF	S&P 500, Equal Weight	67	9.10%	882.60M	Jul 2024	EQL.TO vs RSPA
RSP	Invesco S&P 500 Equal Weight ETF	S&P 500, Equal Weight	52	10.72%	92.57B	Apr 2003	EQL.TO vs RSP
VGG.TO	Vanguard U.S. Dividend Appreciation Index ETF	Dividend, Large Cap Blend Equities	71	10.76%	2.46B	Aug 2013	EQL.TO vs VGG.TO
VUN.TO	Vanguard U.S. Total Market Index ETF	Large Cap Blend Equities	73	12.60%	18.15B	Aug 2013	EQL.TO vs VUN.TO
PXS.TO	Invesco RAFI U.S. Index ETF II CAD	Large Cap Value Equities	95	18.33%	51.96M	Apr 2015	EQL.TO vs PXS.TO
TPU.TO	TD U.S. Equity Index ETF	Large Cap Blend Equities	72	12.05%	5.97B	Mar 2016	EQL.TO vs TPU.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	30.07%	6.15B	Oct 2009	EQL.TO vs ZEB.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