EQL.TO vs. RSPA

Last updated Jun 25, 2026

EQL.TO (Invesco S&P 500 Equal Weight Index ETF CAD) and RSPA (Invesco S&P 500 Equal Weight Income Advantage ETF) are both S&P 500 funds from Invesco tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past year, EQL.TO returned 22.69% vs 22.35% for RSPA. A 0.72 correlation means they provide meaningful diversification when combined. EQL.TO charges 0.25%/yr vs 0.29%/yr for RSPA.

Performance

EQL.TO vs. RSPA - 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 Income Advantage ETF (RSPA). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

EQL.TO is traded in CAD, while RSPA is traded in USD. To make them comparable, the RSPA 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 14.48% return, which is significantly higher than RSPA's 13.20% 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*: —

RSPA

• 1D: 1.14%
• 1M: 5.40%
• YTD: 13.20%
• 6M: 12.33%
• 1Y: 22.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EQL.TO vs. RSPA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EQL.TO Invesco S&P 500 Equal Weight Index ETF CAD	14.48%	5.94%	7.98%
RSPA Invesco S&P 500 Equal Weight Income Advantage ETF	13.20%	6.00%	8.67%

Correlation

The correlation between EQL.TO and RSPA is 0.69, 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	0.69
Correlation (All Time) Calculated using the full available price history since Jul 17, 2024	0.72

The correlation between EQL.TO and RSPA has been stable across timeframes, ranging from 0.69 to 0.72 - a consistent structural relationship.

EQL.TO vs. RSPA - Sectors Allocation Comparison

Sectors	EQL.TO	RSPA
Technology	21.5%	15.2%
Industrials	14.1%	11.1%
Financial Services	13.9%	16.1%
Healthcare	11.0%	8.3%
Consumer Cyclical	10.0%	7.8%
Consumer Defensive	6.3%	4.8%
Real Estate	6.0%	4.5%
Utilities	5.5%	4.5%
Energy	4.0%	3.0%
Communication Services	3.9%	2.6%
Basic Materials	3.9%	3.1%

Return for Risk

EQL.TO vs. RSPA — 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: 69
EQL.TO Sharpe Ratio Rank: 65
EQL.TO Sortino Ratio Rank: 68
EQL.TO Omega Ratio Rank: 62
EQL.TO Calmar Ratio Rank: 75
EQL.TO Martin Ratio Rank: 73

RSPA

RSPA Risk / Return Rank: 67
RSPA Sharpe Ratio Rank: 66
RSPA Sortino Ratio Rank: 68
RSPA Omega Ratio Rank: 64
RSPA Calmar Ratio Rank: 66
RSPA Martin Ratio Rank: 71

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. RSPA - 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 Income Advantage ETF (RSPA). 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.TO	RSPA	Difference
Sharpe ratio: Return per unit of total volatility	1.90	2.15	-0.25
Sortino ratio: Return per unit of downside risk	2.74	3.15	-0.41
Omega ratio: Gain probability vs. loss probability	1.33	1.37	-0.04
Calmar ratio: Return relative to maximum drawdown	3.39	4.26	-0.87
Martin ratio: Return relative to average drawdown	12.12	15.59	-3.47

EQL.TO vs. RSPA - Sharpe Ratio Comparison

The current EQL.TO Sharpe Ratio is 1.90, which is comparable to the RSPA Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of EQL.TO and RSPA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EQL.TO vs. RSPA - Drawdown Comparison

The maximum EQL.TO drawdown since its inception was -33.08%, which is greater than RSPA's maximum drawdown of -15.62%. Use the drawdown chart below to compare losses from any high point for EQL.TO and RSPA.

Drawdown Indicators

	EQL.TO	RSPA	Difference
Max Drawdown Largest peak-to-trough decline	-33.08%	-15.62%	-17.46%
Max Drawdown (1Y) Largest decline over 1 year	-6.73%	-5.27%	-1.46%
Max Drawdown (3Y) Largest decline over 3 years	-17.25%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.73%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.96%	-2.53%	-1.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	1.44%	+0.44%

Volatility

EQL.TO vs. RSPA - Volatility Comparison

The current volatility for Invesco S&P 500 Equal Weight Index ETF CAD (EQL.TO) is 3.05%, while Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) has a volatility of 3.29%. This indicates that EQL.TO experiences smaller price fluctuations and is considered to be less risky than RSPA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EQL.TO	RSPA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.05%	3.29%	-0.24%
Volatility (6M) Calculated over the trailing 6-month period	9.26%	7.95%	+1.31%
Volatility (1Y) Calculated over the trailing 1-year period	12.06%	10.45%	+1.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.35%	13.89%	+0.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.92%	13.89%	+3.03%

EQL.TO vs. RSPA - Expense Ratio Comparison

EQL.TO has a 0.25% expense ratio, which is lower than RSPA's 0.29% expense ratio.

Dividends

EQL.TO vs. RSPA - Dividend Comparison

EQL.TO's dividend yield for the trailing twelve months is around 1.22%, less than RSPA's 9.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
RSPA Invesco S&P 500 Equal Weight Income Advantage ETF	9.00%	9.14%	4.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

EQL.TO and RSPA have a correlation of 0.69, 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 RSPA?

On fees, EQL.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EQL.TO or RSPA?

EQL.TO is cheaper with a 0.25% expense ratio, compared with 0.29% for RSPA.

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

Both ETFs track S&P 500 Equal Weight Index. Their fees differ too: 0.25% for EQL.TO and 0.29% for RSPA.