EQAL vs. CSD
Compare and contrast key facts about Invesco Russell 1000 Equal Weight ETF (EQAL) and Invesco S&P Spin-Off ETF (CSD).
EQAL and CSD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EQAL is a passively managed fund by Invesco that tracks the performance of the Russell 1000 Equal Weight Index. It was launched on Dec 23, 2014. CSD is a passively managed fund by Invesco that tracks the performance of the S&P U.S. Spin-Off Index. It was launched on Dec 15, 2006. Both EQAL and CSD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
EQAL vs. CSD - Performance Comparison
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EQAL vs. CSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EQAL Invesco Russell 1000 Equal Weight ETF | 5.16% | 11.05% | 11.38% | 11.98% | -13.49% | 23.14% | 16.57% | 24.54% | -9.22% | 17.36% |
CSD Invesco S&P Spin-Off ETF | 12.97% | 21.58% | 27.61% | 23.77% | -15.04% | 13.01% | 10.79% | 20.61% | -17.82% | 20.64% |
Returns By Period
In the year-to-date period, EQAL achieves a 5.16% return, which is significantly lower than CSD's 12.97% return. Over the past 10 years, EQAL has underperformed CSD with an annualized return of 10.35%, while CSD has yielded a comparatively higher 12.09% annualized return.
EQAL
- 1D
- 2.07%
- 1M
- -4.00%
- YTD
- 5.16%
- 6M
- 6.95%
- 1Y
- 18.78%
- 3Y*
- 12.32%
- 5Y*
- 6.73%
- 10Y*
- 10.35%
CSD
- 1D
- 4.82%
- 1M
- -6.74%
- YTD
- 12.97%
- 6M
- 21.17%
- 1Y
- 50.42%
- 3Y*
- 26.15%
- 5Y*
- 12.70%
- 10Y*
- 12.09%
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EQAL vs. CSD - Expense Ratio Comparison
EQAL has a 0.20% expense ratio, which is lower than CSD's 0.65% expense ratio.
Return for Risk
EQAL vs. CSD — Risk / Return Rank
EQAL
CSD
EQAL vs. CSD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Russell 1000 Equal Weight ETF (EQAL) and Invesco S&P Spin-Off ETF (CSD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| EQAL | CSD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.05 | 1.74 | -0.69 |
Sortino ratioReturn per unit of downside risk | 1.54 | 2.30 | -0.76 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.33 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 2.99 | -1.59 |
Martin ratioReturn relative to average drawdown | 6.61 | 12.37 | -5.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EQAL | CSD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 1.74 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.55 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.49 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.39 | +0.10 |
Correlation
The correlation between EQAL and CSD is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
EQAL vs. CSD - Dividend Comparison
EQAL's dividend yield for the trailing twelve months is around 1.75%, more than CSD's 0.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQAL Invesco Russell 1000 Equal Weight ETF | 1.75% | 1.79% | 1.62% | 1.88% | 1.95% | 1.32% | 1.63% | 1.61% | 1.62% | 1.18% | 1.57% | 1.64% |
CSD Invesco S&P Spin-Off ETF | 0.14% | 0.16% | 0.17% | 0.51% | 0.86% | 0.73% | 0.99% | 1.08% | 0.99% | 0.60% | 1.62% | 2.61% |
Drawdowns
EQAL vs. CSD - Drawdown Comparison
The maximum EQAL drawdown since its inception was -40.44%, smaller than the maximum CSD drawdown of -70.47%. Use the drawdown chart below to compare losses from any high point for EQAL and CSD.
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Drawdown Indicators
| EQAL | CSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.44% | -70.47% | +30.03% |
Max Drawdown (1Y)Largest decline over 1 year | -13.61% | -17.08% | +3.47% |
Max Drawdown (5Y)Largest decline over 5 years | -21.79% | -30.15% | +8.36% |
Max Drawdown (10Y)Largest decline over 10 years | -40.44% | -57.55% | +17.11% |
Current DrawdownCurrent decline from peak | -4.30% | -7.06% | +2.76% |
Average DrawdownAverage peak-to-trough decline | -5.15% | -14.35% | +9.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 4.13% | -1.24% |
Volatility
EQAL vs. CSD - Volatility Comparison
The current volatility for Invesco Russell 1000 Equal Weight ETF (EQAL) is 4.90%, while Invesco S&P Spin-Off ETF (CSD) has a volatility of 10.52%. This indicates that EQAL experiences smaller price fluctuations and is considered to be less risky than CSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EQAL | CSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 10.52% | -5.62% |
Volatility (6M)Calculated over the trailing 6-month period | 9.51% | 19.01% | -9.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.05% | 29.16% | -11.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.30% | 23.04% | -5.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.90% | 24.69% | -5.79% |