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EQL.TO vs. RSP
Performance
Return for Risk
Dividends
Drawdowns
Volatility

EQL.TO vs. RSP

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco S&P 500 Equal Weight Index ETF CAD (EQL.TO) and Invesco S&P 500 Equal Weight ETF (RSP).

EQL.TO and RSP 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. RSP is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Index. It was launched on Apr 24, 2003. Both EQL.TO and RSP 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. RSP - 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 500 Equal Weight ETF (RSP). The values are adjusted to include any dividend payments, if applicable.

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EQL.TO vs. RSP - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
EQL.TO
Invesco S&P 500 Equal Weight Index ETF CAD		2.00%5.94%27.38%19.69%1.21%37.03%21.67%31.63%-4.48%
RSP
Invesco S&P 500 Equal Weight ETF		2.22%6.11%22.48%11.19%-5.32%28.24%10.75%22.57%-3.84%
Different Trading Currencies

EQL.TO is traded in CAD, while RSP is traded in USD. To make them comparable, the RSP values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, EQL.TO achieves a 2.00% return, which is significantly lower than RSP's 2.22% 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*
—

RSP

1D
0.18%
1M
-3.95%
YTD
2.22%
6M
1.82%
1Y
9.69%
3Y*
12.88%
5Y*
10.11%
10Y*
11.94%
*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 S&P 500 Equal Weight Index ETF CAD

Invesco S&P 500 Equal Weight ETF

Often compared with EQL.TO:
EQL.TO vs. VFV.TOEQL.TO vs. ZDJ.TOEQL.TO vs. VIU.TOEQL.TO vs. ZSP.TOEQL.TO vs. XGI.TOEQL.TO vs. XMAGEQL.TO vs. CIF.TO
Often compared with RSP:
RSP vs. SPYRSP vs. VOORSP vs. VTIRSP vs. FXAIXRSP vs. IVVRSP vs. EUSARSP vs. GSEW

EQL.TO vs. RSP - Expense Ratio Comparison

EQL.TO has a 0.25% expense ratio, which is higher than RSP's 0.20% 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%.

EQL.TO
Invesco S&P 500 Equal Weight Index ETF CAD
RSP
Invesco S&P 500 Equal Weight ETF

Return for Risk

EQL.TO vs. RSP — 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: 2828
Overall Rank
EQL.TO Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
EQL.TO Sortino Ratio Rank: 2727
Sortino Ratio Rank
EQL.TO Omega Ratio Rank: 2828
Omega Ratio Rank
EQL.TO Calmar Ratio Rank: 2727
Calmar Ratio Rank
EQL.TO Martin Ratio Rank: 2929
Martin Ratio Rank
RSP
RSP Risk / Return Rank: 4141
Overall Rank
RSP Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
RSP Sortino Ratio Rank: 3939
Sortino Ratio Rank
RSP Omega Ratio Rank: 4040
Omega Ratio Rank
RSP Calmar Ratio Rank: 3939
Calmar Ratio Rank
RSP Martin Ratio Rank: 4747
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. RSP - 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 500 Equal Weight ETF (RSP). 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.TORSPDifference

Sharpe ratio

Return per unit of total volatility

0.53

0.57

-0.04

Sortino ratio

Return per unit of downside risk

0.83

0.88

-0.05

Omega ratio

Gain probability vs. loss probability

1.12

1.13

-0.01

Calmar ratio

Return relative to maximum drawdown

0.68

0.74

-0.06

Martin ratio

Return relative to average drawdown

2.57

2.81

-0.25

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. RSP - Sharpe Ratio Comparison

The current EQL.TO Sharpe Ratio is 0.53, which is comparable to the RSP Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of EQL.TO and RSP, 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

EQL.TORSPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.53

0.57

-0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.05

0.72

+0.33

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.73

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.00

0.96

+0.04

Correlation

The correlation between EQL.TO and RSP is 0.88, 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

EQL.TO vs. RSP - Dividend Comparison

EQL.TO's dividend yield for the trailing twelve months is around 1.37%, less than RSP's 1.62% yield.

TTM20252024202320222021202020192018201720162015
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%0.00%0.00%0.00%
RSP
Invesco S&P 500 Equal Weight ETF		1.62%1.64%1.52%1.64%1.82%1.28%1.64%1.69%2.02%1.52%1.20%1.70%

Drawdowns

EQL.TO vs. RSP - Drawdown Comparison

The maximum EQL.TO drawdown since its inception was -30.47%, smaller than the maximum RSP drawdown of -33.35%. Use the drawdown chart below to compare losses from any high point for EQL.TO and RSP.

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Drawdown Indicators

EQL.TORSPDifference

Max Drawdown

Largest peak-to-trough decline

-30.47%

-59.92%

+29.45%

Max Drawdown (1Y)

Largest decline over 1 year

-13.01%

-12.54%

-0.47%

Max Drawdown (5Y)

Largest decline over 5 years

-17.60%

-21.38%

+3.78%

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.04%

—

Current Drawdown

Current decline from peak

-4.13%

-5.66%

+1.53%

Average Drawdown

Average peak-to-trough decline

-3.23%

-6.69%

+3.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.43%

2.80%

+0.63%

Volatility

EQL.TO vs. RSP - Volatility Comparison

Invesco S&P 500 Equal Weight Index ETF CAD (EQL.TO) and Invesco S&P 500 Equal Weight ETF (RSP) have volatilities of 4.46% and 4.52%, 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.

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Volatility by Period

EQL.TORSPDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.46%

4.52%

-0.06%

Volatility (6M)

Calculated over the trailing 6-month period

9.37%

9.06%

+0.31%

Volatility (1Y)

Calculated over the trailing 1-year period

17.54%

17.01%

+0.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.51%

14.02%

+0.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.45%

16.36%

+1.09%