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

ETF · Currency in CAD · Last updated Jun 5, 2026

The fund invests in securities of the Invesco S&P 500® Equal Weight ETF or U.S.-listed companies to replicate the S&P 500® Equal Weight Index, which allocates an equal fixed weight of 0.20% to each company at each quarterly rebalancing.

Looking to diversify beyond EQL.TO? The ETFs below have the lowest correlation with EQL.TO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from EQL.TO.

Best Diversifiers for EQL.TO

1 ETFs have low correlation with EQL.TO (below 0.3), 0 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
USSL.TO
Global X Enhanced S&P 500 Index ETF0.25——
82
Leveraged Equities, S&P 500EQL.TO vs USSL.TO
INAI.TO
Invesco Morningstar Global Next Gen AI Index ETF0.400.320.32
76
Technology EquitiesEQL.TO vs INAI.TO
TLV.TO
Invesco S&P/TSX Composite Low Volatility Index ETF0.460.490.49
94
Canada EquitiesEQL.TO vs TLV.TO
ESGC.TO
Invesco S&P/TSX Composite ESG Index ETF0.480.470.42
84
Canada Equities, ESGEQL.TO vs ESGC.TO
QQCE.TO
Invesco ESG NASDAQ 100 Index ETF0.490.49—
76
Nasdaq-100EQL.TO vs QQCE.TO
See all 31 diversifiers for EQL.TO

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Diversification Analysis

Build a portfolio that complements EQL.TO

Add EQL.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with EQL.TO