EQL.TO vs. INAI.TO
Compare and contrast key facts about Invesco S&P 500 Equal Weight Index ETF CAD (EQL.TO) and Invesco Morningstar Global Next Gen AI Index ETF (INAI.TO).
EQL.TO and INAI.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EQL.TO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Index. It was launched on May 29, 2018. INAI.TO is a passively managed fund by Invesco that tracks the performance of the Morningstar Global Next Gen AI Index. It was launched on Jan 18, 2024. Both EQL.TO and INAI.TO 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
EQL.TO vs. INAI.TO - Performance Comparison
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EQL.TO vs. INAI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EQL.TO Invesco S&P 500 Equal Weight Index ETF CAD | 2.00% | 5.94% | 27.78% |
INAI.TO Invesco Morningstar Global Next Gen AI Index ETF | -5.07% | 30.39% | 50.13% |
Returns By Period
In the year-to-date period, EQL.TO achieves a 2.00% return, which is significantly higher than INAI.TO's -5.07% return.
EQL.TO
- 1D
- 0.22%
- 1M
- -4.10%
- YTD
- 2.00%
- 6M
- 1.56%
- 1Y
- 9.34%
- 3Y*
- 16.25%
- 5Y*
- 15.20%
- 10Y*
- —
INAI.TO
- 1D
- 4.72%
- 1M
- -3.89%
- YTD
- -5.07%
- 6M
- -7.19%
- 1Y
- 36.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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EQL.TO vs. INAI.TO - Expense Ratio Comparison
EQL.TO has a 0.25% expense ratio, which is lower than INAI.TO's 0.60% expense ratio.
Return for Risk
EQL.TO vs. INAI.TO — Risk / Return Rank
EQL.TO
INAI.TO
EQL.TO vs. INAI.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 Morningstar Global Next Gen AI Index ETF (INAI.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 | INAI.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.53 | 1.31 | -0.77 |
Sortino ratioReturn per unit of downside risk | 0.83 | 1.80 | -0.97 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.25 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.68 | 1.79 | -1.11 |
Martin ratioReturn relative to average drawdown | 2.57 | 5.11 | -2.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EQL.TO | INAI.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | 1.31 | -0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.05 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 1.20 | -0.20 |
Correlation
The correlation between EQL.TO and INAI.TO is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
EQL.TO vs. INAI.TO - Dividend Comparison
EQL.TO's dividend yield for the trailing twelve months is around 1.37%, more than INAI.TO's 0.04% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EQL.TO Invesco S&P 500 Equal Weight Index ETF CAD | 1.37% | 1.38% | 5.37% | 8.14% | 8.91% | 7.19% | 9.96% | 8.29% | 1.35% |
INAI.TO Invesco Morningstar Global Next Gen AI Index ETF | 0.04% | 0.07% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EQL.TO vs. INAI.TO - Drawdown Comparison
The maximum EQL.TO drawdown since its inception was -30.47%, which is greater than INAI.TO's maximum drawdown of -26.78%. Use the drawdown chart below to compare losses from any high point for EQL.TO and INAI.TO.
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Drawdown Indicators
| EQL.TO | INAI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.47% | -26.78% | -3.69% |
Max Drawdown (1Y)Largest decline over 1 year | -13.01% | -22.07% | +9.06% |
Max Drawdown (5Y)Largest decline over 5 years | -17.60% | — | — |
Current DrawdownCurrent decline from peak | -4.13% | -16.86% | +12.73% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -5.25% | +2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.43% | 7.72% | -4.29% |
Volatility
EQL.TO vs. INAI.TO - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight Index ETF CAD (EQL.TO) is 4.46%, while Invesco Morningstar Global Next Gen AI Index ETF (INAI.TO) has a volatility of 9.20%. This indicates that EQL.TO experiences smaller price fluctuations and is considered to be less risky than INAI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EQL.TO | INAI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.46% | 9.20% | -4.74% |
Volatility (6M)Calculated over the trailing 6-month period | 9.37% | 19.68% | -10.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.54% | 28.45% | -10.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.51% | 27.19% | -12.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.45% | 27.19% | -9.74% |