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EQAL vs. VONG
Performance
Return for Risk
Dividends
Drawdowns
Volatility

EQAL vs. VONG

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco Russell 1000 Equal Weight ETF (EQAL) and Vanguard Russell 1000 Growth ETF (VONG).

EQAL and VONG 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. VONG is a passively managed fund by Vanguard that tracks the performance of the Russell 1000 Growth Index. It was launched on Sep 20, 2010. Both EQAL and VONG 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. VONG - Performance Comparison

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

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EQAL vs. VONG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
VONG
Vanguard Russell 1000 Growth ETF		-8.97%18.45%33.20%42.67%-29.18%27.60%38.30%36.06%-1.53%30.05%

Returns By Period

In the year-to-date period, EQAL achieves a 5.48% return, which is significantly higher than VONG's -8.97% return. Over the past 10 years, EQAL has underperformed VONG with an annualized return of 10.39%, while VONG has yielded a comparatively higher 16.75% 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%

VONG

1D
0.91%
1M
-4.62%
YTD
-8.97%
6M
-8.47%
1Y
18.72%
3Y*
21.47%
5Y*
12.55%
10Y*
16.75%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco Russell 1000 Equal Weight ETF

Vanguard Russell 1000 Growth ETF

Often compared with EQAL:
EQAL vs. RSPEQAL vs. IWBEQAL vs. SPYEQAL vs. IWMEQAL vs. XLGEQAL vs. FSPGXEQAL vs. EQQQ.DE
Often compared with VONG:
VONG vs. VUGVONG vs. VOOVONG vs. VOOGVONG vs. IWFVONG vs. QQQMVONG vs. MGKVONG vs. VONE

EQAL vs. VONG - Expense Ratio Comparison

EQAL has a 0.20% expense ratio, which is higher than VONG's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

EQAL
Invesco Russell 1000 Equal Weight ETF
VONG
Vanguard Russell 1000 Growth ETF

Return for Risk

EQAL vs. VONG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EQAL
EQAL Risk / Return Rank: 5757
Overall Rank
EQAL Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
EQAL Sortino Ratio Rank: 5858
Sortino Ratio Rank
EQAL Omega Ratio Rank: 5858
Omega Ratio Rank
EQAL Calmar Ratio Rank: 5151
Calmar Ratio Rank
EQAL Martin Ratio Rank: 6262
Martin Ratio Rank
VONG
VONG Risk / Return Rank: 4545
Overall Rank
VONG Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
VONG Sortino Ratio Rank: 4848
Sortino Ratio Rank
VONG Omega Ratio Rank: 4747
Omega Ratio Rank
VONG Calmar Ratio Rank: 4545
Calmar Ratio Rank
VONG Martin Ratio Rank: 4343
Martin Ratio Rank
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. VONG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Russell 1000 Equal Weight ETF (EQAL) and Vanguard Russell 1000 Growth ETF (VONG). 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.

EQALVONGDifference

Sharpe ratio

Return per unit of total volatility

1.05

0.84

+0.21

Sortino ratio

Return per unit of downside risk

1.54

1.36

+0.19

Omega ratio

Gain probability vs. loss probability

1.23

1.19

+0.03

Calmar ratio

Return relative to maximum drawdown

1.41

1.22

+0.18

Martin ratio

Return relative to average drawdown

6.59

4.16

+2.43

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. VONG - Sharpe Ratio Comparison

The current EQAL Sharpe Ratio is 1.05, which is comparable to the VONG Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of EQAL and VONG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

EQALVONGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.05

0.84

+0.21

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.40

0.59

-0.20

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.55

0.81

-0.26

Sharpe Ratio (All Time)

Calculated using the full available price history

0.48

0.84

-0.36

Correlation

The correlation between EQAL and VONG is 0.73, 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. VONG - Dividend Comparison

EQAL's dividend yield for the trailing twelve months is around 1.75%, more than VONG's 0.50% yield.

TTM20252024202320222021202020192018201720162015
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%
VONG
Vanguard Russell 1000 Growth ETF		0.50%0.45%0.55%0.71%0.98%0.58%0.77%1.03%1.18%1.19%1.48%1.47%

Drawdowns

EQAL vs. VONG - Drawdown Comparison

The maximum EQAL drawdown since its inception was -40.44%, which is greater than VONG's maximum drawdown of -32.72%. Use the drawdown chart below to compare losses from any high point for EQAL and VONG.

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Drawdown Indicators

EQALVONGDifference

Max Drawdown

Largest peak-to-trough decline

-40.44%

-32.72%

-7.72%

Max Drawdown (1Y)

Largest decline over 1 year

-13.61%

-16.23%

+2.62%

Max Drawdown (5Y)

Largest decline over 5 years

-21.79%

-32.72%

+10.93%

Max Drawdown (10Y)

Largest decline over 10 years

-40.44%

-32.72%

-7.72%

Current Drawdown

Current decline from peak

-4.00%

-12.29%

+8.29%

Average Drawdown

Average peak-to-trough decline

-5.15%

-4.90%

-0.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.91%

4.78%

-1.87%

Volatility

EQAL vs. VONG - Volatility Comparison

The current volatility for Invesco Russell 1000 Equal Weight ETF (EQAL) is 4.75%, while Vanguard Russell 1000 Growth ETF (VONG) has a volatility of 6.81%. This indicates that EQAL experiences smaller price fluctuations and is considered to be less risky than VONG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EQALVONGDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.75%

6.81%

-2.06%

Volatility (6M)

Calculated over the trailing 6-month period

9.52%

12.37%

-2.85%

Volatility (1Y)

Calculated over the trailing 1-year period

18.05%

22.42%

-4.37%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.29%

21.35%

-4.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.89%

20.82%

-1.93%