EQAL vs. SRHQ

Last updated Aug 2, 2026

EQAL (Invesco Russell 1000 Equal Weight ETF) and SRHQ (SRH U.S. Quality ETF) are both exchange-traded funds - EQAL is a Mid Cap Blend Equities fund tracking the Russell 1000 Equal Weight Index, while SRHQ is a Quality Factor fund tracking the SRH US Quality Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, EQAL returned 12.95%/yr vs 17.26%/yr for SRHQ. Their correlation of 0.88 means they have usually moved in the same direction. EQAL charges 0.20%/yr vs 0.35%/yr for SRHQ.

Performance

EQAL vs. SRHQ - Performance Comparison

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

Returns By Period

In the year-to-date period, EQAL achieves a 13.65% return, which is significantly lower than SRHQ's 20.78% 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%

SRHQ

• 1D: -0.33%
• 1M: 1.86%
• 6M: 18.75%
• YTD: 20.78%
• 1Y: 31.30%
• 3Y*: 17.26%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.88%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EQAL Invesco Russell 1000 Equal Weight ETF	$1.43M	$1.64M	$1.88M
SRHQ SRH U.S. Quality ETF	$113.47K	$63.13K	$30.03K

EQAL vs. SRHQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
EQAL Invesco Russell 1000 Equal Weight ETF	13.65%	11.05%	11.38%	11.98%	2.15%
SRHQ SRH U.S. Quality ETF	20.78%	7.34%	16.49%	21.81%	5.22%

Correlation

The correlation between EQAL and SRHQ is 0.80, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.80
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (All Time) Calculated using the full available price history since Oct 5, 2022	0.88

The correlation between EQAL and SRHQ has been stable across timeframes, ranging from 0.80 to 0.88 - a consistent structural relationship.

EQAL vs. SRHQ - Sectors Allocation Comparison

Sectors	EQAL	SRHQ
Technology	14.2%	21.9%
Industrials	10.4%	20.4%
Healthcare	10.3%	21.4%
Real Estate	9.3%	1.2%
Financial Services	9.1%	10.2%
Utilities	8.4%	1.2%
Consumer Defensive	8.3%	5.2%
Energy	8.0%	1.2%
Consumer Cyclical	7.9%	11.3%
Basic Materials	7.4%	2.7%
Communication Services	6.8%	2.1%

Return for Risk

EQAL vs. SRHQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EQAL

EQAL Risk / Return Rank: 80
EQAL Sharpe Ratio Rank: 77
EQAL Sortino Ratio Rank: 79
EQAL Omega Ratio Rank: 76
EQAL Calmar Ratio Rank: 84
EQAL Martin Ratio Rank: 84

SRHQ

SRHQ Risk / Return Rank: 87
SRHQ Sharpe Ratio Rank: 84
SRHQ Sortino Ratio Rank: 84
SRHQ Omega Ratio Rank: 80
SRHQ Calmar Ratio Rank: 93
SRHQ Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EQAL vs. SRHQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Russell 1000 Equal Weight ETF (EQAL) and SRH U.S. Quality ETF (SRHQ). 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	SRHQ	Difference
Sharpe ratio: Return per unit of total volatility	1.76	1.97	-0.21
Sortino ratio: Return per unit of downside risk	2.54	2.80	-0.26
Omega ratio: Gain probability vs. loss probability	1.31	1.34	-0.02
Calmar ratio: Return relative to maximum drawdown	3.19	4.64	-1.45
Martin ratio: Return relative to average drawdown	11.58	16.85	-5.27

EQAL vs. SRHQ - Sharpe Ratio Comparison

The current EQAL Sharpe Ratio is 1.76, which is comparable to the SRHQ Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of EQAL and SRHQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EQAL vs. SRHQ - Drawdown Comparison

The maximum EQAL drawdown since its inception was -40.44%, which is greater than SRHQ's maximum drawdown of -18.50%. Use the drawdown chart below to compare losses from any high point for EQAL and SRHQ.

Drawdown Indicators

	EQAL	SRHQ	Difference
Max Drawdown Largest peak-to-trough decline	-40.44%	-18.50%	-21.94%
Max Drawdown (1Y) Largest decline over 1 year	-6.67%	-6.31%	-0.36%
Max Drawdown (3Y) Largest decline over 3 years	-19.62%	-18.50%	-1.12%
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	-0.85%	-1.47%	+0.62%
Average Drawdown Average peak-to-trough decline	-5.03%	-2.98%	-2.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	1.74%	+0.10%

Volatility

EQAL vs. SRHQ - Volatility Comparison

The current volatility for Invesco Russell 1000 Equal Weight ETF (EQAL) is 2.24%, while SRH U.S. Quality ETF (SRHQ) has a volatility of 4.37%. This indicates that EQAL experiences smaller price fluctuations and is considered to be less risky than SRHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EQAL	SRHQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.24%	4.37%	-2.13%
Volatility (6M) Calculated over the trailing 6-month period	8.59%	11.10%	-2.51%
Volatility (1Y) Calculated over the trailing 1-year period	12.14%	14.90%	-2.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.20%	15.96%	+1.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.78%	15.96%	+2.82%

EQAL vs. SRHQ - Expense Ratio Comparison

EQAL has a 0.20% expense ratio, which is lower than SRHQ's 0.35% expense ratio.

Dividends

EQAL vs. SRHQ - Dividend Comparison

EQAL's dividend yield for the trailing twelve months is around 1.69%, more than SRHQ's 0.69% 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%
SRHQ SRH U.S. Quality ETF	0.69%	0.76%	0.66%	0.84%	0.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EQAL and SRHQ in my portfolio?

EQAL and SRHQ have a correlation of 0.80, 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 SRHQ?

SRHQ has higher volatility (4.37%) compared to EQAL (2.24%). In terms of maximum drawdown, EQAL dropped -40.44% vs SRHQ's -18.50%.

Which ETF is better, EQAL or SRHQ?

On 3-year performance, SRHQ leads with 17.26% vs 12.95% for EQAL. 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.

Which ETF has performed better, EQAL or SRHQ?

Over the 3-year period, SRHQ has performed better with a 17.26% return vs 12.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EQAL or SRHQ?

EQAL is cheaper with a 0.20% expense ratio, compared with 0.35% for SRHQ.

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

EQAL has the higher dividend yield at 1.69%, compared with 0.69% for SRHQ.

What is the main difference between EQAL and SRHQ?

EQAL is categorized as Mid Cap Blend Equities, while SRHQ is Quality Factor. EQAL tracks Russell 1000 Equal Weight Index, while SRHQ tracks SRH US Quality Index - Benchmark TR Gross. They also come from different issuers: Invesco and SRH. Their fees differ too: 0.20% for EQAL and 0.35% for SRHQ.

Which has better risk-adjusted returns?

SRHQ currently has the higher Sharpe Ratio (1.97 vs 1.76), 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.