EQAL vs. ROE

Last updated Jun 4, 2026

EQAL (Invesco Russell 1000 Equal Weight ETF) and ROE (Astoria US Equal Weight Quality Kings ETF) are both exchange-traded funds - EQAL is a Mid Cap Blend Equities fund tracking the Russell 1000 Equal Weight Index, while ROE is a Large Cap Value Equities fund actively managed by Astoria. EQAL is passively managed, while ROE is actively managed. Over the past year, EQAL returned 24.33% vs 37.99% for ROE. Their correlation of 0.86 suggests significant overlap in exposure. EQAL charges 0.20%/yr vs 0.49%/yr for ROE.

Performance

EQAL vs. ROE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Russell 1000 Equal Weight ETF (EQAL) and Astoria US Equal Weight Quality Kings ETF (ROE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EQAL achieves a 12.35% return, which is significantly lower than ROE's 20.98% return.

EQAL

• 1D: -0.73%
• 1M: 1.77%
• YTD: 12.35%
• 6M: 12.78%
• 1Y: 24.33%
• 3Y*: 15.37%
• 5Y*: 6.86%
• 10Y*: 10.66%

ROE

• 1D: -0.04%
• 1M: 8.10%
• YTD: 20.98%
• 6M: 21.56%
• 1Y: 37.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EQAL vs. ROE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EQAL Invesco Russell 1000 Equal Weight ETF	12.35%	11.05%	11.38%	2.52%
ROE Astoria US Equal Weight Quality Kings ETF	20.98%	17.20%	18.34%	4.29%

Correlation

The correlation between EQAL and ROE is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (All Time) Calculated using the full available price history since Aug 2, 2023	0.86

The correlation between EQAL and ROE has been stable across timeframes, ranging from 0.79 to 0.86 - a consistent structural relationship.

EQAL vs. ROE - Sectors Allocation Comparison

Sectors	EQAL	ROE
Technology	14.8%	36.1%
Industrials	9.5%	9.8%
Financial Services	9.4%	11.7%
Healthcare	9.4%	8.7%
Energy	9.1%	3.5%
Real Estate	9.1%	1.9%
Consumer Defensive	8.1%	4.7%
Basic Materials	8.0%	1.8%
Utilities	7.9%	1.9%
Consumer Cyclical	7.7%	9.4%
Communication Services	7.2%	10.6%

Return for Risk

EQAL vs. ROE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EQAL

EQAL Risk / Return Rank: 63
EQAL Sharpe Ratio Rank: 58
EQAL Sortino Ratio Rank: 60
EQAL Omega Ratio Rank: 56
EQAL Calmar Ratio Rank: 72
EQAL Martin Ratio Rank: 69

ROE

ROE Risk / Return Rank: 83
ROE Sharpe Ratio Rank: 84
ROE Sortino Ratio Rank: 82
ROE Omega Ratio Rank: 80
ROE Calmar Ratio Rank: 83
ROE Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EQAL vs. ROE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Russell 1000 Equal Weight ETF (EQAL) and Astoria US Equal Weight Quality Kings ETF (ROE). 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	ROE	Difference
Sharpe ratio Return per unit of total volatility	1.99	2.74	-0.75
Sortino ratio Return per unit of downside risk	2.85	3.69	-0.84
Omega ratio Gain probability vs. loss probability	1.35	1.48	-0.13
Calmar ratio Return relative to maximum drawdown	3.66	4.41	-0.75
Martin ratio Return relative to average drawdown	12.89	19.92	-7.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EQAL vs. ROE - Sharpe Ratio Comparison

The current EQAL Sharpe Ratio is 1.99, which is comparable to the ROE Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of EQAL and ROE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EQAL	ROE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.99	2.74	-0.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	1.39	-0.88

Drawdowns

EQAL vs. ROE - Drawdown Comparison

The maximum EQAL drawdown since its inception was -40.44%, which is greater than ROE's maximum drawdown of -19.10%. Use the drawdown chart below to compare losses from any high point for EQAL and ROE.

Drawdown Indicators

	EQAL	ROE	Difference
Max Drawdown Largest peak-to-trough decline	-40.44%	-19.10%	-21.34%
Max Drawdown (1Y) Largest decline over 1 year	-6.67%	-8.66%	+1.99%
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 Drawdown Current decline from peak	-0.73%	-0.04%	-0.69%
Average Drawdown Average peak-to-trough decline	-5.10%	-2.59%	-2.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	1.91%	-0.02%

Volatility

EQAL vs. ROE - Volatility Comparison

The current volatility for Invesco Russell 1000 Equal Weight ETF (EQAL) is 3.05%, while Astoria US Equal Weight Quality Kings ETF (ROE) has a volatility of 3.79%. This indicates that EQAL experiences smaller price fluctuations and is considered to be less risky than ROE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EQAL	ROE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.05%	3.79%	-0.74%
Volatility (6M) Calculated over the trailing 6-month period	8.61%	10.66%	-2.05%
Volatility (1Y) Calculated over the trailing 1-year period	12.30%	13.94%	-1.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.28%	15.78%	+1.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.88%	15.78%	+3.10%

EQAL vs. ROE - Expense Ratio Comparison

EQAL has a 0.20% expense ratio, which is lower than ROE's 0.49% expense ratio.

Dividends

EQAL vs. ROE - Dividend Comparison

EQAL's dividend yield for the trailing twelve months is around 1.64%, more than ROE's 0.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EQAL Invesco Russell 1000 Equal Weight ETF	1.64%	1.79%	1.62%	1.88%	1.95%	1.32%	1.63%	1.61%	1.62%	1.18%	1.57%	1.64%
ROE Astoria US Equal Weight Quality Kings ETF	0.94%	0.97%	1.18%	0.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EQAL and ROE in my portfolio?

EQAL and ROE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EQAL or ROE?

ROE has higher volatility (3.79%) compared to EQAL (3.05%). In terms of maximum drawdown, EQAL dropped -40.44% vs ROE's -19.10%.

Which ETF is better, EQAL or ROE?

On 1-year performance, ROE leads with 37.99% vs 24.33% for EQAL. On fees, EQAL is cheaper at 0.20% per year. On volatility, EQAL has been the lower-risk option at 3.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EQAL or ROE?

Over the 1-year period, ROE has performed better with a 37.99% return vs 24.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EQAL or ROE?

EQAL is cheaper with a 0.20% expense ratio, compared with 0.49% for ROE.

Which ETF pays a higher dividend yield, EQAL or ROE?

EQAL has the higher dividend yield at 1.64%, compared with 0.94% for ROE.

What is the main difference between EQAL and ROE?

EQAL is categorized as Mid Cap Blend Equities, while ROE is Large Cap Value Equities. They also come from different issuers: Invesco and Astoria. Their fees differ too: 0.20% for EQAL and 0.49% for ROE.

Which has better risk-adjusted returns?

ROE currently has the higher Sharpe Ratio (2.74 vs 1.99), 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.