EQL.TO vs. ESGC.TO

Last updated Jun 4, 2026

EQL.TO (Invesco S&P 500 Equal Weight Index ETF CAD) and ESGC.TO (Invesco S&P/TSX Composite ESG Index ETF) are both exchange-traded funds - EQL.TO is a S&P 500 fund tracking the S&P 500 Equal Weight Index, while ESGC.TO is a Canada Equities fund tracking the S&P/TSX Composite ESG Index. Both are passively managed. Over the past 5 years, EQL.TO returned 16.55%/yr vs 13.73%/yr for ESGC.TO. At a 0.39 correlation, their price movements are largely independent. EQL.TO charges 0.25%/yr vs 0.15%/yr for ESGC.TO.

Performance

EQL.TO vs. ESGC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Invesco S&P 500 Equal Weight Index ETF CAD (EQL.TO) and Invesco S&P/TSX Composite ESG Index ETF (ESGC.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EQL.TO achieves a 10.79% return, which is significantly lower than ESGC.TO's 12.27% return.

EQL.TO

• 1D: 0.02%
• 1M: 5.96%
• YTD: 10.79%
• 6M: 9.50%
• 1Y: 20.53%
• 3Y*: 20.00%
• 5Y*: 16.55%
• 10Y*: —

ESGC.TO

• 1D: -0.35%
• 1M: 4.89%
• YTD: 12.27%
• 6M: 14.01%
• 1Y: 34.84%
• 3Y*: 22.81%
• 5Y*: 13.73%
• 10Y*: —

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

EQL.TO vs. ESGC.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EQL.TO Invesco S&P 500 Equal Weight Index ETF CAD	10.79%	5.94%	27.38%	19.69%	1.21%	37.03%	11.27%
ESGC.TO Invesco S&P/TSX Composite ESG Index ETF	12.27%	32.85%	18.64%	7.50%	-7.28%	23.99%	5.27%

Correlation

The correlation between EQL.TO and ESGC.TO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (All Time) Calculated using the full available price history since Oct 9, 2020	0.39

Return for Risk

EQL.TO vs. ESGC.TO — Risk / Return Rank

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

EQL.TO

EQL.TO Risk / Return Rank: 54
EQL.TO Sharpe Ratio Rank: 50
EQL.TO Sortino Ratio Rank: 51
EQL.TO Omega Ratio Rank: 48
EQL.TO Calmar Ratio Rank: 62
EQL.TO Martin Ratio Rank: 61

ESGC.TO

ESGC.TO Risk / Return Rank: 82
ESGC.TO Sharpe Ratio Rank: 86
ESGC.TO Sortino Ratio Rank: 86
ESGC.TO Omega Ratio Rank: 88
ESGC.TO Calmar Ratio Rank: 70
ESGC.TO Martin Ratio Rank: 78

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.

EQL.TO vs. ESGC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Index ETF CAD (EQL.TO) and Invesco S&P/TSX Composite ESG Index ETF (ESGC.TO). 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.

	EQL.TO	ESGC.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.73	2.82	-1.10
Sortino ratio: Return per unit of downside risk	2.51	3.81	-1.30
Omega ratio: Gain probability vs. loss probability	1.30	1.55	-0.24
Calmar ratio: Return relative to maximum drawdown	3.06	3.45	-0.39
Martin ratio: Return relative to average drawdown	10.94	15.05	-4.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EQL.TO vs. ESGC.TO - Sharpe Ratio Comparison

The current EQL.TO Sharpe Ratio is 1.73, which is lower than the ESGC.TO Sharpe Ratio of 2.82. The chart below compares the historical Sharpe Ratios of EQL.TO and ESGC.TO, 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

	EQL.TO	ESGC.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.73	2.82	-1.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.14	1.09	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	1.05	1.26	-0.20

Drawdowns

EQL.TO vs. ESGC.TO - Drawdown Comparison

The maximum EQL.TO drawdown since its inception was -30.47%, which is greater than ESGC.TO's maximum drawdown of -16.66%. Use the drawdown chart below to compare losses from any high point for EQL.TO and ESGC.TO.

Drawdown Indicators

	EQL.TO	ESGC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-30.47%	-16.66%	-13.81%
Max Drawdown (1Y) Largest decline over 1 year	-6.73%	-10.14%	+3.41%
Max Drawdown (3Y) Largest decline over 3 years	-17.25%	-11.51%	-5.74%
Max Drawdown (5Y) Largest decline over 5 years	-17.60%	-16.66%	-0.94%
Current Drawdown Current decline from peak	-0.45%	-0.35%	-0.10%
Average Drawdown Average peak-to-trough decline	-3.19%	-3.61%	+0.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	2.32%	-0.44%

Volatility

EQL.TO vs. ESGC.TO - Volatility Comparison

The current volatility for Invesco S&P 500 Equal Weight Index ETF CAD (EQL.TO) is 3.86%, while Invesco S&P/TSX Composite ESG Index ETF (ESGC.TO) has a volatility of 4.19%. This indicates that EQL.TO experiences smaller price fluctuations and is considered to be less risky than ESGC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EQL.TO	ESGC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.86%	4.19%	-0.33%
Volatility (6M) Calculated over the trailing 6-month period	8.98%	10.53%	-1.55%
Volatility (1Y) Calculated over the trailing 1-year period	11.99%	12.40%	-0.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.54%	12.67%	+1.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.35%	12.73%	+4.62%

EQL.TO vs. ESGC.TO - Expense Ratio Comparison

EQL.TO has a 0.25% expense ratio, which is higher than ESGC.TO's 0.15% 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%.

Dividends

EQL.TO vs. ESGC.TO - Dividend Comparison

EQL.TO's dividend yield for the trailing twelve months is around 1.26%, less than ESGC.TO's 2.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EQL.TO Invesco S&P 500 Equal Weight Index ETF CAD	1.26%	1.38%	5.37%	8.14%	8.91%	7.19%	9.96%	8.29%	1.35%
ESGC.TO Invesco S&P/TSX Composite ESG Index ETF	2.13%	2.34%	2.60%	3.23%	2.98%	2.28%	0.67%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EQL.TO and ESGC.TO in my portfolio?

EQL.TO and ESGC.TO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EQL.TO or ESGC.TO?

On fees, ESGC.TO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EQL.TO or ESGC.TO?

ESGC.TO is cheaper with a 0.15% expense ratio, compared with 0.25% for EQL.TO.

What is the main difference between EQL.TO and ESGC.TO?

EQL.TO is categorized as S&P 500, while ESGC.TO is Canada Equities. EQL.TO tracks S&P 500 Equal Weight Index, while ESGC.TO tracks S&P/TSX Composite ESG Index. Their fees differ too: 0.25% for EQL.TO and 0.15% for ESGC.TO.