EQAL vs. EQL
Compare and contrast key facts about Invesco Russell 1000 Equal Weight ETF (EQAL) and Alps Equal Sector Weight ETF (EQL).
EQAL and EQL 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. EQL is a passively managed fund by SS&C that tracks the performance of the NYSE Select Sector Equal Weight Index. It was launched on Jul 7, 2009. Both EQAL and EQL 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. EQL - Performance Comparison
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EQAL vs. EQL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EQAL Invesco Russell 1000 Equal Weight ETF | 5.48% | 11.05% | 11.38% | 11.98% | -13.49% | 23.14% | 16.57% | 24.54% | -9.22% | 17.36% |
EQL Alps Equal Sector Weight ETF | 3.18% | 13.09% | 16.44% | 16.87% | -10.72% | 29.32% | 10.87% | 27.87% | -6.12% | 18.37% |
Returns By Period
In the year-to-date period, EQAL achieves a 5.48% return, which is significantly higher than EQL's 3.18% return. Over the past 10 years, EQAL has underperformed EQL with an annualized return of 10.39%, while EQL has yielded a comparatively higher 12.17% annualized return.
EQAL
- 1D
- 0.31%
- 1M
- -4.00%
- YTD
- 5.48%
- 6M
- 6.68%
- 1Y
- 18.85%
- 3Y*
- 12.43%
- 5Y*
- 6.80%
- 10Y*
- 10.39%
EQL
- 1D
- 0.23%
- 1M
- -4.16%
- YTD
- 3.18%
- 6M
- 4.20%
- 1Y
- 15.32%
- 3Y*
- 14.94%
- 5Y*
- 10.72%
- 10Y*
- 12.17%
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EQAL vs. EQL - Expense Ratio Comparison
EQAL has a 0.20% expense ratio, which is lower than EQL's 0.28% expense ratio.
Return for Risk
EQAL vs. EQL — Risk / Return Rank
EQAL
EQL
EQAL vs. EQL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Russell 1000 Equal Weight ETF (EQAL) and Alps Equal Sector Weight ETF (EQL). 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 | EQL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.05 | 1.03 | +0.01 |
Sortino ratioReturn per unit of downside risk | 1.54 | 1.50 | +0.05 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.31 | +0.10 |
Martin ratioReturn relative to average drawdown | 6.59 | 6.43 | +0.16 |
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 | EQL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 1.03 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.74 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.74 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.84 | -0.35 |
Correlation
The correlation between EQAL and EQL is 0.91, 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. EQL - Dividend Comparison
EQAL's dividend yield for the trailing twelve months is around 1.75%, more than EQL's 1.71% 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% |
EQL Alps Equal Sector Weight ETF | 1.71% | 1.73% | 1.78% | 1.96% | 2.14% | 1.69% | 2.29% | 1.95% | 2.39% | 1.97% | 2.89% | 2.07% |
Drawdowns
EQAL vs. EQL - Drawdown Comparison
The maximum EQAL drawdown since its inception was -40.44%, which is greater than EQL's maximum drawdown of -35.65%. Use the drawdown chart below to compare losses from any high point for EQAL and EQL.
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Drawdown Indicators
| EQAL | EQL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.44% | -35.65% | -4.79% |
Max Drawdown (1Y)Largest decline over 1 year | -13.61% | -11.90% | -1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -21.79% | -19.24% | -2.55% |
Max Drawdown (10Y)Largest decline over 10 years | -40.44% | -35.65% | -4.79% |
Current DrawdownCurrent decline from peak | -4.00% | -4.27% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -5.15% | -3.28% | -1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 2.42% | +0.49% |
Volatility
EQAL vs. EQL - Volatility Comparison
Invesco Russell 1000 Equal Weight ETF (EQAL) has a higher volatility of 4.75% compared to Alps Equal Sector Weight ETF (EQL) at 3.88%. This indicates that EQAL's price experiences larger fluctuations and is considered to be riskier than EQL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EQAL | EQL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | 3.88% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 9.52% | 7.31% | +2.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.05% | 14.87% | +3.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.29% | 14.59% | +2.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.89% | 16.55% | +2.34% |