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
XUS.TO	iShares Core S&P 500 Index ETF	0.09%	12.94B	Apr 2013	EQL.TO vs XUS.TO
ZSP.TO	BMO S&P 500 Index ETF	0.09%	24.23B	Nov 2012	EQL.TO vs ZSP.TO
VFV.TO	Vanguard S&P 500 Index ETF	0.09%	32.85B	Nov 2012	EQL.TO vs VFV.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
XUS.TO	iShares Core S&P 500 Index ETF	11.92%	12.94B	Apr 2013	EQL.TO vs XUS.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 9 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
XSP.TO	iShares Core S&P 500 Index ETF (CAD-Hedged)	S&P 500	50	6.62%	15.52B	May 2001	EQL.TO vs XSP.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

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