PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
EQL.TO vs. PXC.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EQL.TO vs. PXC.TO

Last updated Jun 25, 2026

EQL.TO (Invesco S&P 500 Equal Weight Index ETF CAD) and PXC.TO (Invesco RAFI Canadian Index ETF) are both exchange-traded funds - EQL.TO is a S&P 500 fund tracking the S&P 500 Equal Weight Index, while PXC.TO is a Canada Equities fund tracking the RAFI Canada Index. Both are passively managed. Over the past 5 years, EQL.TO returned 11.46%/yr vs 16.75%/yr for PXC.TO. A 0.55 correlation means they provide meaningful diversification when combined.

Performance

EQL.TO vs. PXC.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 RAFI Canadian Index ETF (PXC.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, EQL.TO achieves a 14.48% return, which is significantly lower than PXC.TO's 17.12% return.

EQL.TO

1D
0.84%
1M
2.87%
YTD
14.48%
6M
13.62%
1Y
22.69%
3Y*
17.67%
5Y*
11.46%
10Y*
—

PXC.TO

1D
-0.64%
1M
-0.22%
YTD
17.12%
6M
12.82%
1Y
36.76%
3Y*
25.64%
5Y*
16.75%
10Y*
13.41%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021202020192018
EQL.TO
Invesco S&P 500 Equal Weight Index ETF CAD		14.48%5.94%21.81%11.36%-6.24%28.55%10.48%22.62%-4.47%
PXC.TO
Invesco RAFI Canadian Index ETF		17.12%26.50%19.57%9.28%1.37%34.11%-1.11%19.11%-9.21%

Correlation

The correlation between EQL.TO and PXC.TO is 0.53, 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

0.53

Correlation (3Y)
Calculated over the trailing 3-year period

0.53

Correlation (5Y)
Calculated over the trailing 5-year period

0.53

Correlation (All Time)
Calculated using the full available price history since May 30, 2018

0.55

The correlation between EQL.TO and PXC.TO has been stable across timeframes, ranging from 0.53 to 0.55 - a consistent structural relationship.

EQL.TO vs. PXC.TO - Sectors Allocation Comparison

Sectors
EQL.TO
PXC.TO

Technology

21.5%
2.2%

Industrials

14.1%
7.2%

Financial Services

13.9%
34.7%

Healthcare

11.0%
0.2%

Consumer Cyclical

10.0%
6.6%

Consumer Defensive

6.3%
2.9%

Real Estate

6.0%
0.8%

Utilities

5.5%
3.1%

Energy

4.0%
26.6%

Communication Services

3.9%
2.7%

Basic Materials

3.9%
13.0%

Technology

EQL.TO
21.5%
PXC.TO
2.2%

Industrials

EQL.TO
14.1%
PXC.TO
7.2%

Financial Services

EQL.TO
13.9%
PXC.TO
34.7%

Healthcare

EQL.TO
11.0%
PXC.TO
0.2%

Consumer Cyclical

EQL.TO
10.0%
PXC.TO
6.6%

Consumer Defensive

EQL.TO
6.3%
PXC.TO
2.9%

Real Estate

EQL.TO
6.0%
PXC.TO
0.8%

Utilities

EQL.TO
5.5%
PXC.TO
3.1%

Energy

EQL.TO
4.0%
PXC.TO
26.6%

Communication Services

EQL.TO
3.9%
PXC.TO
2.7%

Basic Materials

EQL.TO
3.9%
PXC.TO
13.0%

Compare stocks, funds, or ETFs

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

Invesco S&P 500 Equal Weight Index ETF CAD

Invesco RAFI Canadian Index ETF

Often compared with EQL.TO:
EQL.TO vs. VFV.TOEQL.TO vs. ZDJ.TOEQL.TO vs. XMAGEQL.TO vs. ZSP.TOEQL.TO vs. SPXTEQL.TO vs. VIU.TOEQL.TO vs. XGI.TO
Often compared with PXC.TO:
PXC.TO vs. PXS.TOPXC.TO vs. INOC.TOPXC.TO vs. XCV.TOPXC.TO vs. QQCE.TOPXC.TO vs. ESGC.TOPXC.TO vs. HXCN.TOPXC.TO vs. CLSA.TO

Return for Risk

EQL.TO vs. PXC.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: 6969
Overall Rank
EQL.TO Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
EQL.TO Sortino Ratio Rank: 6868
Sortino Ratio Rank
EQL.TO Omega Ratio Rank: 6262
Omega Ratio Rank
EQL.TO Calmar Ratio Rank: 7575
Calmar Ratio Rank
EQL.TO Martin Ratio Rank: 7373
Martin Ratio Rank
PXC.TO
PXC.TO Risk / Return Rank: 9696
Overall Rank
PXC.TO Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
PXC.TO Sortino Ratio Rank: 9595
Sortino Ratio Rank
PXC.TO Omega Ratio Rank: 9696
Omega Ratio Rank
PXC.TO Calmar Ratio Rank: 9696
Calmar Ratio Rank
PXC.TO Martin Ratio Rank: 9696
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.

EQL.TO vs. PXC.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 RAFI Canadian Index ETF (PXC.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.

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.

EQL.TOPXC.TODifference
Sharpe ratioReturn per unit of total volatility
1.90
3.55

-1.66

Sortino ratioReturn per unit of downside risk
2.74
4.65

-1.92

Omega ratioGain probability vs. loss probability

1.33

1.69

-0.36

Calmar ratioReturn relative to maximum drawdown

3.39

7.95

-4.57

Martin ratioReturn relative to average drawdown

12.12

31.61

-19.50

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

The current EQL.TO Sharpe Ratio is 1.90, which is lower than the PXC.TO Sharpe Ratio of 3.55. The chart below compares the historical Sharpe Ratios of EQL.TO and PXC.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.

Loading charts...

Drawdowns

EQL.TO vs. PXC.TO - Drawdown Comparison

The maximum EQL.TO drawdown since its inception was -33.08%, smaller than the maximum PXC.TO drawdown of -41.78%. Use the drawdown chart below to compare losses from any high point for EQL.TO and PXC.TO.

Loading charts...

Drawdown Indicators

EQL.TOPXC.TODifference

Max Drawdown

Largest peak-to-trough decline

-33.08%

-41.78%

+8.70%

Max Drawdown (1Y)

Largest decline over 1 year

-6.73%

-4.64%

-2.09%

Max Drawdown (3Y)

Largest decline over 3 years

-17.25%

-10.99%

-6.26%

Max Drawdown (5Y)

Largest decline over 5 years

-18.73%

-15.75%

-2.98%

Max Drawdown (10Y)

Largest decline over 10 years

—

-41.78%

—

Current Drawdown

Current decline from peak

0.00%

-1.30%

+1.30%

Average Drawdown

Average peak-to-trough decline

-3.96%

-5.05%

+1.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.88%

1.17%

+0.71%

Volatility

EQL.TO vs. PXC.TO - Volatility Comparison

Invesco S&P 500 Equal Weight Index ETF CAD (EQL.TO) and Invesco RAFI Canadian Index ETF (PXC.TO) have volatilities of 3.05% and 3.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

EQL.TOPXC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.05%

3.14%

-0.09%

Volatility (6M)

Calculated over the trailing 6-month period

9.26%

8.56%

+0.70%

Volatility (1Y)

Calculated over the trailing 1-year period

12.06%

10.39%

+1.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.35%

13.27%

+1.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.92%

16.41%

+0.51%

Dividends

EQL.TO vs. PXC.TO - Dividend Comparison

EQL.TO's dividend yield for the trailing twelve months is around 1.22%, less than PXC.TO's 2.27% yield.

PositionTTM20252024202320222021202020192018201720162015
EQL.TO
Invesco S&P 500 Equal Weight Index ETF CAD		1.22%1.38%1.29%1.39%1.51%1.30%2.00%1.49%1.35%0.00%0.00%0.00%
PXC.TO
Invesco RAFI Canadian Index ETF		2.27%2.65%3.17%3.48%3.42%2.58%3.10%2.92%2.86%2.23%2.57%3.13%

Frequently Asked Questions

EQL.TO and PXC.TO have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EQL.TO is categorized as S&P 500, while PXC.TO is Canada Equities. EQL.TO tracks S&P 500 Equal Weight Index, while PXC.TO tracks RAFI Canada Index.

Portfolio Optimizer

Find the right allocation for EQL.TO and PXC.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer