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EQLI.TO vs. PXC.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EQLI.TO vs. PXC.TO

Last updated Jun 24, 2026

EQLI.TO (Invesco S&P 500 Equal Weight Income Advantage ETF) and PXC.TO (Invesco RAFI Canadian Index ETF) are both exchange-traded funds - EQLI.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 year, EQLI.TO returned 21.70% vs 37.88% for PXC.TO. A 0.51 correlation means they provide meaningful diversification when combined.

Performance

EQLI.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 Income Advantage ETF (EQLI.TO) and Invesco RAFI Canadian Index ETF (PXC.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EQLI.TO achieves a 12.23% return, which is significantly lower than PXC.TO's 17.87% return.

EQLI.TO

1D
0.13%
1M
4.29%
YTD
12.23%
6M
11.91%
1Y
21.70%
3Y*
—
5Y*
—
10Y*
—

PXC.TO

1D
0.32%
1M
0.42%
YTD
17.87%
6M
13.71%
1Y
37.88%
3Y*
25.91%
5Y*
17.02%
10Y*
13.49%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF		12.23%6.41%7.17%
PXC.TO
Invesco RAFI Canadian Index ETF		17.87%26.50%7.90%

Correlation

The correlation between EQLI.TO and PXC.TO is 0.54, 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

0.54

Correlation (All Time)
Calculated using the full available price history since Aug 21, 2024

0.51

The correlation between EQLI.TO and PXC.TO has been stable across timeframes, ranging from 0.51 to 0.54 - a consistent structural relationship.

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

Sectors
EQLI.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

EQLI.TO
21.5%
PXC.TO
2.2%

Industrials

EQLI.TO
14.1%
PXC.TO
7.2%

Financial Services

EQLI.TO
13.9%
PXC.TO
34.7%

Healthcare

EQLI.TO
11.0%
PXC.TO
0.2%

Consumer Cyclical

EQLI.TO
10.0%
PXC.TO
6.6%

Consumer Defensive

EQLI.TO
6.3%
PXC.TO
2.9%

Real Estate

EQLI.TO
6.0%
PXC.TO
0.8%

Utilities

EQLI.TO
5.5%
PXC.TO
3.1%

Energy

EQLI.TO
4.0%
PXC.TO
26.6%

Communication Services

EQLI.TO
3.9%
PXC.TO
2.7%

Basic Materials

EQLI.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 Income Advantage ETF

Invesco RAFI Canadian Index ETF

Often compared with EQLI.TO:
EQLI.TO vs. JEPI.TOEQLI.TO vs. INTY.TOEQLI.TO vs. INAI.TOEQLI.TO vs. ZSP-U.TOEQLI.TO vs. ESG.TOEQLI.TO vs. CRCY.TOEQLI.TO vs. BCCL.NEO
Often compared with PXC.TO:
PXC.TO vs. INOC.TOPXC.TO vs. XCV.TOPXC.TO vs. EQL.TOPXC.TO vs. PXS.TOPXC.TO vs. QQCE.TOPXC.TO vs. ESGC.TOPXC.TO vs. CLSA.TO

Return for Risk

EQLI.TO vs. PXC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EQLI.TO
EQLI.TO Risk / Return Rank: 8181
Overall Rank
EQLI.TO Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
EQLI.TO Sortino Ratio Rank: 8484
Sortino Ratio Rank
EQLI.TO Omega Ratio Rank: 7878
Omega Ratio Rank
EQLI.TO Calmar Ratio Rank: 8181
Calmar Ratio Rank
EQLI.TO Martin Ratio Rank: 8282
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.

EQLI.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 Income Advantage ETF (EQLI.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.

EQLI.TOPXC.TODifference
Sharpe ratioReturn per unit of total volatility
2.39
3.67

-1.28

Sortino ratioReturn per unit of downside risk
3.49
4.79

-1.31

Omega ratioGain probability vs. loss probability

1.43

1.72

-0.29

Calmar ratioReturn relative to maximum drawdown

3.98

8.19

-4.21

Martin ratioReturn relative to average drawdown

15.45

32.63

-17.18

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

The current EQLI.TO Sharpe Ratio is 2.39, which is lower than the PXC.TO Sharpe Ratio of 3.67. The chart below compares the historical Sharpe Ratios of EQLI.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.

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Drawdowns

EQLI.TO vs. PXC.TO - Drawdown Comparison

The maximum EQLI.TO drawdown since its inception was -15.56%, smaller than the maximum PXC.TO drawdown of -41.78%. Use the drawdown chart below to compare losses from any high point for EQLI.TO and PXC.TO.

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Drawdown Indicators

EQLI.TOPXC.TODifference

Max Drawdown

Largest peak-to-trough decline

-15.56%

-41.78%

+26.22%

Max Drawdown (1Y)

Largest decline over 1 year

-5.47%

-4.64%

-0.83%

Max Drawdown (3Y)

Largest decline over 3 years

—

-10.99%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-15.75%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-41.78%

—

Current Drawdown

Current decline from peak

0.00%

-0.66%

+0.66%

Average Drawdown

Average peak-to-trough decline

-2.38%

-5.05%

+2.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.41%

1.16%

+0.25%

Volatility

EQLI.TO vs. PXC.TO - Volatility Comparison

The current volatility for Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.TO) is 2.38%, while Invesco RAFI Canadian Index ETF (PXC.TO) has a volatility of 3.09%. This indicates that EQLI.TO experiences smaller price fluctuations and is considered to be less risky than PXC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EQLI.TOPXC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.38%

3.09%

-0.71%

Volatility (6M)

Calculated over the trailing 6-month period

7.05%

8.53%

-1.48%

Volatility (1Y)

Calculated over the trailing 1-year period

9.13%

10.37%

-1.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.03%

13.28%

-1.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.03%

16.41%

-4.38%

Dividends

EQLI.TO vs. PXC.TO - Dividend Comparison

EQLI.TO's dividend yield for the trailing twelve months is around 8.08%, more than PXC.TO's 2.26% yield.

PositionTTM20252024202320222021202020192018201720162015
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF		8.08%8.74%2.99%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PXC.TO
Invesco RAFI Canadian Index ETF		2.26%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

EQLI.TO and PXC.TO have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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