Invesco S&P 100 Equal Weight ETF (EQWL) belongs to the Large Cap Blend Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with EQWL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to EQWL
EQWL charges 0.25% annually. There are 78 ETFs in the Large Cap Blend Equities category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| JPMorgan BetaBuilders U.S. Equity ETF | 0.02% | 8.68B | Mar 2019 | EQWL vs BBUS | |
| Global X U.S. 500 ETF | 0.02% | 4.56M | Sep 2025 | EQWL vs GXLC | |
| iShares Core S&P Total U.S. Stock Market ETF | 0.03% | 95.15B | Jan 2004 | EQWL vs ITOT | |
| Schwab U.S. Broad Market ETF | 0.03% | 43.66B | Nov 2009 | EQWL vs SCHB | |
| Schwab U.S. Large-Cap ETF | 0.03% | 72.77B | Nov 2009 | EQWL vs SCHX |
Best Risk-Adjusted Alternatives to EQWL
EQWL has a PortfoliosLab risk / return rank of 73. There are 41 ETFs in the Large Cap Blend Equities category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco RAFI Strategic US ETF | 95 | 894.46M | Sep 2018 | EQWL vs IUS | |
| ARS Focused Opportunities Strategy ETF | 94 | 293.98M | Jun 2025 | EQWL vs AFOS | |
| Return Stacked US Stocks & Futures Yield ETF | 94 | — | May 2024 | EQWL vs RSSY | |
| Avantis Inflation Focused Equity ETF | 93 | 10.66M | Sep 2022 | EQWL vs AVIE | |
| PIMCO RAFI ESG U.S. ETF | 90 | 160.47M | Dec 2019 | EQWL vs RAFE |
Top Performing EQWL Alternatives (YTD)
EQWL is at 11.46% YTD. There are 81 ETFs in the Large Cap Blend Equities category with higher YTD returns, going as high as 38.18%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Aztlan North America Nearshoring Stock Selection E... | 38.18% | 33.11M | Nov 2023 | EQWL vs NRSH | |
| Return Stacked US Stocks & Futures Yield ETF | 33.13% | — | May 2024 | EQWL vs RSSY | |
| Mohr Company Nav ETF | 27.65% | — | Sep 2024 | EQWL vs CNAV | |
| ARS Focused Opportunities Strategy ETF | 27.19% | 293.98M | Jun 2025 | EQWL vs AFOS | |
| iShares MSCI USA Momentum Factor ETF | 21.46% | 27.36B | Apr 2013 | EQWL vs MTUM |
Lowest Volatility Alternatives to EQWL
EQWL has 10.60% 1-year volatility. There are 19 ETFs in the Large Cap Blend Equities category with lower 1-year volatility, going as low as 6.38%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Bridges Capital Tactical ETF | 6.38% | 42.09M | May 2023 | EQWL vs BDGS | |
| Azoria 500 Meritocracy ETF | 7.65% | — | Jul 2025 | EQWL vs SPXM | |
| iShares MSCI USA Min Vol Factor ETF | 8.53% | 23.36B | Oct 2011 | EQWL vs USMV | |
| 6 Meridian Mega Cap Equity ETF | 8.89% | 402.23M | May 2020 | EQWL vs SIXA | |
| Liberty One Spectrum ETF | 9.27% | 4.85M | Sep 2025 | EQWL vs SPCT |
Lowest Drawdown Alternatives to EQWL
EQWL has a 1-year max drawdown of -7.76%. There are 41 ETFs in the Large Cap Blend Equities category with shallower 1-year drawdowns, going as shallow as -4.03%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Bridges Capital Tactical ETF | -4.03% | 42.09M | May 2023 | EQWL vs BDGS | |
| Avantis Inflation Focused Equity ETF | -4.97% | 10.66M | Sep 2022 | EQWL vs AVIE | |
| Azoria 500 Meritocracy ETF | -5.08% | — | Jul 2025 | EQWL vs SPXM | |
| 6 Meridian Mega Cap Equity ETF | -5.59% | 402.23M | May 2020 | EQWL vs SIXA | |
| SEI Enhanced Low Volatility US Large Cap ETF | -5.92% | 168.13M | May 2022 | EQWL vs SELV |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, SPMO, QQQM and span 11 categories. AUM among these funds goes as high as $481B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 53 | 15.19% | 481.14B | Mar 1999 | EQWL vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 51 | 22.29% | 22.01B | Oct 2015 | EQWL vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 54 | 15.22% | 100.59B | Oct 2020 | EQWL vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 63 | 13.18% | 96.24B | Apr 2003 | EQWL vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 89 | 67.78% | 2.58B | Jun 2021 | EQWL vs SOXQ | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Blend Equities | 60 | 14.73% | 20.11B | Dec 2005 | EQWL vs SPHQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 37 | 4.04% | 10.85B | May 2005 | EQWL vs XLG | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Large Cap Value Equities | 46 | 13.60% | 3.29B | Oct 2012 | EQWL vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 47 | 14.42% | 7.45B | Mar 2005 | EQWL vs XMMO | |
| Invesco S&P International Developed Momentum ETF | Momentum, Foreign Large Cap Equities | 42 | 8.27% | 3.99B | Feb 2012 | EQWL vs IDMO |
Often Compared With EQWL
Investors most often compare EQWL with VOO, SPY, SCHD. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare EQWL with Any Fund or Stock
Compare EQWL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair EQWL with funds that move differently
Invesco S&P 100 Equal Weight ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EQWL.
Explore EQWL Diversifiers