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

ETF · Currency in CAD · Last updated Jun 4, 2026

The Invesco S&P 500 Equal Weight Income Advantage ETF seeks to provide investors exposure to the S&P 500 Equal Weight Index combined with an active option income overlay for income generation, downside protection, and upside participation.

Looking to diversify beyond EQLI.TO? The ETFs below have the lowest correlation with EQLI.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 EQLI.TO.

Best Diversifiers for EQLI.TO

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

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...-0.00——
85
Derivative Income, Energy EquitiesEQLI.TO vs ENCC.TO
UTES.TO
Evolve Canadian Utilities Enhanced Yield Index Fun...0.05——
75
Derivative IncomeEQLI.TO vs UTES.TO
YAVG.NEO
Broadcom (AVGO) Yield Shares Purpose ETF0.090.140.14
84
Derivative Income, SemiconductorsEQLI.TO vs YAVG.NEO
YNVD.NEO
NVIDIA (NVDA) Yield Shares Purpose ETF0.130.160.16
62
Derivative IncomeEQLI.TO vs YNVD.NEO
AVGY.TO
Harvest Broadcom Enhanced High Income Shares ETF -...0.14——
65
Derivative IncomeEQLI.TO vs AVGY.TO
See all 59 diversifiers for EQLI.TO

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Diversification Analysis

Build a portfolio that complements EQLI.TO

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

Analyze a portfolio with EQLI.TO