Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.TO)

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The chart shows the growth of an initial investment of CA$10,000 in Invesco S&P 500 Equal Weight Income Advantage ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.TO) has returned 2.05% so far this year and 8.55% over the past 12 months.

Based on dividend-adjusted daily data since Aug 21, 2024, EQLI.TO's average daily return is +0.04%, while the average monthly return is +0.81%. At this rate, your investment would double in approximately 7.2 years.

Historically, 70% of months were positive and 30% were negative. The best month was Nov 2024 with a return of +6.2%, while the worst month was Apr 2025 at -6.6%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.

On a daily basis, EQLI.TO closed higher 51% of trading days. The best single day was Apr 9, 2025 with a return of +5.3%, while the worst single day was Apr 3, 2025 at -4.7%.

Invesco S&P 500 Equal Weight Income Advantage ETF has an annualized alpha of 4.26%, beta of 0.61, and R² of 0.65 versus S&P 500 Index. Calculated based on daily prices since August 22, 2024.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (77.07%) than losses (62.15%) — typical of diversified or defensive assets.
• This ETF generated an annualized alpha of 4.26% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
• Beta of 0.61 indicates this ETF moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

EQLI.TO has an expense ratio of 0.29%, placing it in the medium range.

EQLI.TO ranks 32 for risk / return — below 32% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.TO) and compare them to a chosen benchmark (S&P 500 Index).

Invesco S&P 500 Equal Weight Income Advantage ETF provided a 8.67% dividend yield over the last twelve months, with an annual payout of CA$1.80 per share.

The table displays the monthly dividend distributions for Invesco S&P 500 Equal Weight Income Advantage ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Invesco S&P 500 Equal Weight Income Advantage ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Invesco S&P 500 Equal Weight Income Advantage ETF was 15.57%, occurring on Apr 8, 2025. Recovery took 107 trading sessions.

The current Invesco S&P 500 Equal Weight Income Advantage ETF drawdown is 3.03%.

The chart below shows the rolling one-month volatility.