EQAL vs. QIDX
EQAL (Invesco Russell 1000 Equal Weight ETF) and QIDX (Indexperts Quality Earnings Focused ETF) are both exchange-traded funds - EQAL is a Mid Cap Blend Equities fund tracking the Russell 1000 Equal Weight Index, while QIDX is a Quality Factor fund actively managed by Indexperts. EQAL is passively managed, while QIDX is actively managed. Over the past year, EQAL returned 22.55% vs 14.22% for QIDX. Their correlation of 0.87 means they have usually moved in the same direction. EQAL charges 0.20%/yr vs 0.50%/yr for QIDX.
Performance
EQAL vs. QIDX - Performance Comparison
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Returns By Period
In the year-to-date period, EQAL achieves a 13.65% return, which is significantly higher than QIDX's 10.40% return.
EQAL
- 1D
- -0.15%
- 1M
- -0.32%
- 6M
- 9.29%
- YTD
- 13.65%
- 1Y
- 22.55%
- 3Y*
- 12.95%
- 5Y*
- 7.35%
- 10Y*
- 10.52%
- ALL TIME*
- 9.47%
QIDX
- 1D
- 0.55%
- 1M
- 0.29%
- 6M
- 6.42%
- YTD
- 10.40%
- 1Y
- 14.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.90%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.43M | $1.64M | $1.88M | |
| $53.70K | $62.72K | $42.16K |
EQAL vs. QIDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EQAL Invesco Russell 1000 Equal Weight ETF | 13.65% | 11.05% |
QIDX Indexperts Quality Earnings Focused ETF | 10.40% | 6.60% |
Correlation
The correlation between EQAL and QIDX is 0.86, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2025 | 0.87 |
The correlation between EQAL and QIDX has been stable across timeframes, ranging from 0.86 to 0.87 - a consistent structural relationship.
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Return for Risk
EQAL vs. QIDX — Risk / Return Rank
EQAL
QIDX
EQAL vs. QIDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Russell 1000 Equal Weight ETF (EQAL) and Indexperts Quality Earnings Focused ETF (QIDX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EQAL | QIDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.21 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 1.90 | +1.29 |
| Martin ratioReturn relative to average drawdown | 11.58 | 6.38 | +5.20 |
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Drawdowns
EQAL vs. QIDX - Drawdown Comparison
The maximum EQAL drawdown since its inception was -40.44%, which is greater than QIDX's maximum drawdown of -14.99%. Use the drawdown chart below to compare losses from any high point for EQAL and QIDX.
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Drawdown Indicators
| EQAL | QIDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.44% | -14.99% | -25.45% |
Max Drawdown (1Y)Largest decline over 1 year | -6.67% | -6.92% | +0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -19.62% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.79% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.44% | — | — |
Current DrawdownCurrent decline from peak | -0.85% | -0.44% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -5.03% | -2.13% | -2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 2.06% | -0.22% |
Volatility
EQAL vs. QIDX - Volatility Comparison
The current volatility for Invesco Russell 1000 Equal Weight ETF (EQAL) is 2.24%, while Indexperts Quality Earnings Focused ETF (QIDX) has a volatility of 2.55%. This indicates that EQAL experiences smaller price fluctuations and is considered to be less risky than QIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EQAL | QIDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.24% | 2.55% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 8.59% | 8.24% | +0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.14% | 11.02% | +1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.20% | 14.20% | +3.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.78% | 14.20% | +4.58% |
EQAL vs. QIDX - Expense Ratio Comparison
EQAL has a 0.20% expense ratio, which is lower than QIDX's 0.50% expense ratio.
Dividends
EQAL vs. QIDX - Dividend Comparison
EQAL's dividend yield for the trailing twelve months is around 1.69%, more than QIDX's 0.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQAL Invesco Russell 1000 Equal Weight ETF | 1.69% | 1.79% | 1.62% | 1.88% | 1.95% | 1.32% | 1.63% | 1.61% | 1.62% | 1.18% | 1.57% | 1.64% |
QIDX Indexperts Quality Earnings Focused ETF | 0.86% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EQAL and QIDX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QIDX has higher volatility (2.55%) compared to EQAL (2.24%). In terms of maximum drawdown, EQAL dropped -40.44% vs QIDX's -14.99%.
On 1-year performance, EQAL leads with 22.55% vs 14.22% for QIDX. On fees, EQAL is cheaper at 0.20% per year. On volatility, EQAL has been the lower-risk option at 2.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EQAL has performed better with a 22.55% return vs 14.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EQAL is cheaper with a 0.20% expense ratio, compared with 0.50% for QIDX.
EQAL has the higher dividend yield at 1.69%, compared with 0.86% for QIDX.
EQAL is categorized as Mid Cap Blend Equities, while QIDX is Quality Factor. They also come from different issuers: Invesco and Indexperts. Their fees differ too: 0.20% for EQAL and 0.50% for QIDX.
EQAL currently has the higher Sharpe Ratio (1.76 vs 1.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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