EQLI.TO vs. ZSP.TO
Compare and contrast key facts about Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.TO) and BMO S&P 500 Index ETF (ZSP.TO).
EQLI.TO and ZSP.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EQLI.TO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Index. It was launched on Nov 6, 2025. ZSP.TO is a passively managed fund by BMO that tracks the performance of the S&P 500 Index. It was launched on Nov 14, 2012. Both EQLI.TO and ZSP.TO 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
EQLI.TO vs. ZSP.TO - Performance Comparison
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EQLI.TO vs. ZSP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EQLI.TO Invesco S&P 500 Equal Weight Income Advantage ETF | 2.05% | 6.40% | 7.18% |
ZSP.TO BMO S&P 500 Index ETF | -3.17% | 12.02% | 11.05% |
Returns By Period
In the year-to-date period, EQLI.TO achieves a 2.05% return, which is significantly higher than ZSP.TO's -3.17% return.
EQLI.TO
- 1D
- 1.76%
- 1M
- -2.70%
- YTD
- 2.05%
- 6M
- 2.84%
- 1Y
- 8.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZSP.TO
- 1D
- 2.73%
- 1M
- -3.14%
- YTD
- -3.17%
- 6M
- -2.25%
- 1Y
- 13.31%
- 3Y*
- 18.98%
- 5Y*
- 13.70%
- 10Y*
- 14.40%
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EQLI.TO vs. ZSP.TO - Expense Ratio Comparison
EQLI.TO has a 0.29% expense ratio, which is higher than ZSP.TO's 0.09% expense ratio.
Return for Risk
EQLI.TO vs. ZSP.TO — Risk / Return Rank
EQLI.TO
ZSP.TO
EQLI.TO vs. ZSP.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 BMO S&P 500 Index ETF (ZSP.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.
| EQLI.TO | ZSP.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.62 | 0.73 | -0.11 |
Sortino ratioReturn per unit of downside risk | 0.94 | 1.10 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.17 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.80 | 1.17 | -0.37 |
Martin ratioReturn relative to average drawdown | 3.19 | 4.37 | -1.18 |
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
| EQLI.TO | ZSP.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.73 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.92 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 1.08 | -0.29 |
Correlation
The correlation between EQLI.TO and ZSP.TO is 0.72, 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
EQLI.TO vs. ZSP.TO - Dividend Comparison
EQLI.TO's dividend yield for the trailing twelve months is around 8.67%, more than ZSP.TO's 0.87% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQLI.TO Invesco S&P 500 Equal Weight Income Advantage ETF | 8.67% | 8.74% | 3.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZSP.TO BMO S&P 500 Index ETF | 0.87% | 0.82% | 0.94% | 1.33% | 1.44% | 1.15% | 1.44% | 1.47% | 1.63% | 1.63% | 2.20% | 1.53% |
Drawdowns
EQLI.TO vs. ZSP.TO - Drawdown Comparison
The maximum EQLI.TO drawdown since its inception was -15.57%, smaller than the maximum ZSP.TO drawdown of -26.94%. Use the drawdown chart below to compare losses from any high point for EQLI.TO and ZSP.TO.
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Drawdown Indicators
| EQLI.TO | ZSP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.57% | -26.94% | +11.37% |
Max Drawdown (1Y)Largest decline over 1 year | -12.16% | -12.43% | +0.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.25% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.94% | — |
Current DrawdownCurrent decline from peak | -3.03% | -6.12% | +3.09% |
Average DrawdownAverage peak-to-trough decline | -2.64% | -3.37% | +0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 3.33% | -0.28% |
Volatility
EQLI.TO vs. ZSP.TO - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.TO) is 3.72%, while BMO S&P 500 Index ETF (ZSP.TO) has a volatility of 5.16%. This indicates that EQLI.TO experiences smaller price fluctuations and is considered to be less risky than ZSP.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.TO | ZSP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 5.16% | -1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 7.25% | 9.35% | -2.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.83% | 18.36% | -4.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.50% | 14.97% | -2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.50% | 16.37% | -3.87% |