EQLI.TO vs. YNVD.NEO

Last updated Jun 4, 2026

EQLI.TO (Invesco S&P 500 Equal Weight Income Advantage ETF) and YNVD.NEO (NVIDIA (NVDA) Yield Shares Purpose ETF) are both exchange-traded funds - EQLI.TO is a S&P 500 fund tracking the S&P 500 Equal Weight Index, while YNVD.NEO is a Derivative Income fund actively managed by Purpose Investments. EQLI.TO is passively managed, while YNVD.NEO is actively managed. Over the past year, EQLI.TO returned 19.34% vs 68.73% for YNVD.NEO. At a 0.17 correlation, their price movements are largely independent. EQLI.TO charges 0.29%/yr vs 1.94%/yr for YNVD.NEO.

Performance

EQLI.TO vs. YNVD.NEO - 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 NVIDIA (NVDA) Yield Shares Purpose ETF (YNVD.NEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EQLI.TO achieves a 9.23% return, which is significantly lower than YNVD.NEO's 17.05% return.

EQLI.TO

• 1D: 0.05%
• 1M: 5.38%
• YTD: 9.23%
• 6M: 8.05%
• 1Y: 19.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YNVD.NEO

• 1D: -4.22%
• 1M: 9.64%
• YTD: 17.05%
• 6M: 27.60%
• 1Y: 68.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EQLI.TO vs. YNVD.NEO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EQLI.TO Invesco S&P 500 Equal Weight Income Advantage ETF	9.23%	6.40%	7.18%
YNVD.NEO NVIDIA (NVDA) Yield Shares Purpose ETF	17.05%	44.51%	6.73%

Correlation

The correlation between EQLI.TO and YNVD.NEO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (All Time) Calculated using the full available price history since Aug 22, 2024	0.17

EQLI.TO vs. YNVD.NEO - Sectors Allocation Comparison

Sectors	EQLI.TO	YNVD.NEO
Technology	18.3%	100.0%
Industrials	14.7%	-
Financial Services	14.4%	-
Healthcare	10.9%	-
Consumer Cyclical	10.3%	-
Consumer Defensive	6.5%	-
Real Estate	6.2%	-
Utilities	6.1%	-
Energy	4.6%	-
Basic Materials	4.1%	-
Communication Services	4.0%	-

Return for Risk

EQLI.TO vs. YNVD.NEO — 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: 68
EQLI.TO Sharpe Ratio Rank: 65
EQLI.TO Sortino Ratio Rank: 68
EQLI.TO Omega Ratio Rank: 63
EQLI.TO Calmar Ratio Rank: 72
EQLI.TO Martin Ratio Rank: 74

YNVD.NEO

YNVD.NEO Risk / Return Rank: 62
YNVD.NEO Sharpe Ratio Rank: 58
YNVD.NEO Sortino Ratio Rank: 54
YNVD.NEO Omega Ratio Rank: 53
YNVD.NEO Calmar Ratio Rank: 81
YNVD.NEO Martin Ratio Rank: 64

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. YNVD.NEO - 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 NVIDIA (NVDA) Yield Shares Purpose ETF (YNVD.NEO). 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.

	EQLI.TO	YNVD.NEO	Difference
Sharpe ratio: Return per unit of total volatility	2.15	1.95	+0.19
Sortino ratio: Return per unit of downside risk	3.13	2.58	+0.55
Omega ratio: Gain probability vs. loss probability	1.38	1.33	+0.05
Calmar ratio: Return relative to maximum drawdown	3.56	4.21	-0.65
Martin ratio: Return relative to average drawdown	13.79	11.44	+2.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EQLI.TO vs. YNVD.NEO - Sharpe Ratio Comparison

The current EQLI.TO Sharpe Ratio is 2.15, which is comparable to the YNVD.NEO Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of EQLI.TO and YNVD.NEO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EQLI.TO	YNVD.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	1.95	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	1.09	1.50	-0.41

Drawdowns

EQLI.TO vs. YNVD.NEO - Drawdown Comparison

The maximum EQLI.TO drawdown since its inception was -15.57%, smaller than the maximum YNVD.NEO drawdown of -41.02%. Use the drawdown chart below to compare losses from any high point for EQLI.TO and YNVD.NEO.

Drawdown Indicators

	EQLI.TO	YNVD.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-15.57%	-41.02%	+25.45%
Max Drawdown (1Y) Largest decline over 1 year	-5.45%	-16.41%	+10.96%
Current Drawdown Current decline from peak	0.00%	-4.27%	+4.27%
Average Drawdown Average peak-to-trough decline	-2.45%	-8.83%	+6.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.41%	6.03%	-4.62%

Volatility

EQLI.TO vs. YNVD.NEO - Volatility Comparison

The current volatility for Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.TO) is 1.88%, while NVIDIA (NVDA) Yield Shares Purpose ETF (YNVD.NEO) has a volatility of 13.09%. This indicates that EQLI.TO experiences smaller price fluctuations and is considered to be less risky than YNVD.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EQLI.TO	YNVD.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.88%	13.09%	-11.21%
Volatility (6M) Calculated over the trailing 6-month period	6.82%	27.53%	-20.71%
Volatility (1Y) Calculated over the trailing 1-year period	9.08%	35.44%	-26.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.11%	52.47%	-40.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.11%	52.47%	-40.36%

EQLI.TO vs. YNVD.NEO - Expense Ratio Comparison

EQLI.TO has a 0.29% expense ratio, which is lower than YNVD.NEO's 1.94% expense ratio.

Dividends

EQLI.TO vs. YNVD.NEO - Dividend Comparison

EQLI.TO's dividend yield for the trailing twelve months is around 8.29%, less than YNVD.NEO's 21.78% yield.

Position	TTM	2025	2024
EQLI.TO Invesco S&P 500 Equal Weight Income Advantage ETF	8.29%	8.74%	3.00%
YNVD.NEO NVIDIA (NVDA) Yield Shares Purpose ETF	21.78%	23.48%	17.81%

Frequently Asked Questions

Can I hold both EQLI.TO and YNVD.NEO in my portfolio?

EQLI.TO and YNVD.NEO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EQLI.TO or YNVD.NEO?

On fees, EQLI.TO is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EQLI.TO or YNVD.NEO?

EQLI.TO is cheaper with a 0.29% expense ratio, compared with 1.94% for YNVD.NEO.

What is the main difference between EQLI.TO and YNVD.NEO?

EQLI.TO is categorized as S&P 500, while YNVD.NEO is Derivative Income. They also come from different issuers: Invesco and Purpose Investments. Their fees differ too: 0.29% for EQLI.TO and 1.94% for YNVD.NEO.