EQL.TO vs. RSPA
Compare and contrast key facts about Invesco S&P 500 Equal Weight Index ETF CAD (EQL.TO) and Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA).
EQL.TO and RSPA 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. RSPA is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Index. It was launched on Jul 17, 2025. Both EQL.TO and RSPA 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. RSPA - Performance Comparison
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EQL.TO vs. RSPA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EQL.TO Invesco S&P 500 Equal Weight Index ETF CAD | 1.77% | 5.94% | 9.95% |
RSPA Invesco S&P 500 Equal Weight Income Advantage ETF | 1.78% | 5.98% | 8.97% |
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
The year-to-date returns for both investments are quite close, with EQL.TO having a 1.77% return and RSPA slightly higher at 1.78%.
EQL.TO
- 1D
- 2.02%
- 1M
- -4.20%
- YTD
- 1.77%
- 6M
- 1.79%
- 1Y
- 8.58%
- 3Y*
- 16.16%
- 5Y*
- 15.15%
- 10Y*
- —
RSPA
- 1D
- 1.38%
- 1M
- -2.71%
- YTD
- 1.78%
- 6M
- 2.49%
- 1Y
- 7.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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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.
Return for Risk
EQL.TO vs. RSPA — Risk / Return Rank
EQL.TO
RSPA
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.
| EQL.TO | RSPA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.49 | 0.53 | -0.04 |
Sortino ratioReturn per unit of downside risk | 0.78 | 0.80 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.12 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.77 | 0.79 | -0.02 |
Martin ratioReturn relative to average drawdown | 2.92 | 2.97 | -0.05 |
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 | RSPA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | 0.53 | -0.04 |
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 | 0.75 | +0.25 |
Correlation
The correlation between EQL.TO and RSPA is 0.85, 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. RSPA - Dividend Comparison
EQL.TO's dividend yield for the trailing twelve months is around 1.37%, less than RSPA's 9.37% 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% |
RSPA Invesco S&P 500 Equal Weight Income Advantage ETF | 9.37% | 9.14% | 4.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EQL.TO vs. RSPA - Drawdown Comparison
The maximum EQL.TO drawdown since its inception was -30.47%, which is greater than RSPA's maximum drawdown of -15.01%. Use the drawdown chart below to compare losses from any high point for EQL.TO and RSPA.
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Drawdown Indicators
| EQL.TO | RSPA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.47% | -15.37% | -15.10% |
Max Drawdown (1Y)Largest decline over 1 year | -13.01% | -11.45% | -1.56% |
Max Drawdown (5Y)Largest decline over 5 years | -17.60% | — | — |
Current DrawdownCurrent decline from peak | -4.34% | -4.81% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -2.16% | -1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 2.32% | +1.10% |
Volatility
EQL.TO vs. RSPA - Volatility Comparison
Invesco S&P 500 Equal Weight Index ETF CAD (EQL.TO) has a higher volatility of 4.61% compared to Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) at 3.91%. This indicates that EQL.TO's price experiences larger fluctuations and is considered to be riskier than RSPA 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 | RSPA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.61% | 3.91% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 9.37% | 7.91% | +1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.59% | 14.79% | +2.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.51% | 13.38% | +1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.46% | 13.38% | +4.08% |