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

EQLI.TO vs. ZUE.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.TO) and BMO S&P 500 (CAD Hedged) (ZUE.TO).

EQLI.TO and ZUE.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. ZUE.TO is a passively managed fund by BMO that tracks the performance of the S&P 500 Index. It was launched on May 29, 2009. Both EQLI.TO and ZUE.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. ZUE.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 BMO S&P 500 (CAD Hedged) (ZUE.TO). The values are adjusted to include any dividend payments, if applicable.

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

2026 (YTD)20252024
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF		2.05%6.40%7.18%
ZUE.TO
BMO S&P 500 (CAD Hedged)		-4.96%15.57%4.71%

Returns By Period

In the year-to-date period, EQLI.TO achieves a 2.05% return, which is significantly higher than ZUE.TO's -4.96% return.

EQLI.TO

1D
1.76%
1M
-2.70%
YTD
2.05%
6M
2.84%
1Y
8.55%
3Y*
—
5Y*
—
10Y*
—

ZUE.TO

1D
3.00%
1M
-5.24%
YTD
-4.96%
6M
-2.91%
1Y
15.40%
3Y*
16.29%
5Y*
10.14%
10Y*
12.34%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

BMO S&P 500 (CAD Hedged)

Often compared with EQLI.TO:
EQLI.TO vs. INTY.TOEQLI.TO vs. HIU.TOEQLI.TO vs. INAI.TOEQLI.TO vs. ZSP-U.TOEQLI.TO vs. CRCY.TOEQLI.TO vs. BCCL.NEOEQLI.TO vs. ESG.TO
Often compared with ZUE.TO:
ZUE.TO vs. ZSP.TOZUE.TO vs. VSP.TOZUE.TO vs. VFV.TOZUE.TO vs. XEQT.TOZUE.TO vs. VCN.TOZUE.TO vs. TEC.TOZUE.TO vs. HXS.TO

EQLI.TO vs. ZUE.TO - Expense Ratio Comparison

EQLI.TO has a 0.29% expense ratio, which is higher than ZUE.TO's 0.09% expense ratio.

EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF
ZUE.TO
BMO S&P 500 (CAD Hedged)

Return for Risk

EQLI.TO vs. ZUE.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: 3232
Overall Rank
EQLI.TO Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
EQLI.TO Sortino Ratio Rank: 3030
Sortino Ratio Rank
EQLI.TO Omega Ratio Rank: 3131
Omega Ratio Rank
EQLI.TO Calmar Ratio Rank: 3131
Calmar Ratio Rank
EQLI.TO Martin Ratio Rank: 3535
Martin Ratio Rank
ZUE.TO
ZUE.TO Risk / Return Rank: 5353
Overall Rank
ZUE.TO Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
ZUE.TO Sortino Ratio Rank: 5050
Sortino Ratio Rank
ZUE.TO Omega Ratio Rank: 5454
Omega Ratio Rank
ZUE.TO Calmar Ratio Rank: 5353
Calmar Ratio Rank
ZUE.TO Martin Ratio Rank: 6363
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. ZUE.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 (CAD Hedged) (ZUE.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.TOZUE.TODifference

Sharpe ratio

Return per unit of total volatility

0.62

0.86

-0.23

Sortino ratio

Return per unit of downside risk

0.94

1.32

-0.39

Omega ratio

Gain probability vs. loss probability

1.13

1.20

-0.07

Calmar ratio

Return relative to maximum drawdown

0.80

1.34

-0.54

Martin ratio

Return relative to average drawdown

3.19

6.15

-2.96

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. ZUE.TO - Sharpe Ratio Comparison

The current EQLI.TO Sharpe Ratio is 0.62, which is comparable to the ZUE.TO Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of EQLI.TO and ZUE.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

EQLI.TOZUE.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.62

0.86

-0.23

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.61

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.68

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.80

0.77

+0.03

Correlation

The correlation between EQLI.TO and ZUE.TO is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

EQLI.TO vs. ZUE.TO - Dividend Comparison

EQLI.TO's dividend yield for the trailing twelve months is around 8.67%, more than ZUE.TO's 0.92% yield.

TTM20252024202320222021202020192018201720162015
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%
ZUE.TO
BMO S&P 500 (CAD Hedged)		0.92%0.86%1.02%1.33%1.50%1.13%1.37%1.47%1.76%1.61%1.67%1.72%

Drawdowns

EQLI.TO vs. ZUE.TO - Drawdown Comparison

The maximum EQLI.TO drawdown since its inception was -15.57%, smaller than the maximum ZUE.TO drawdown of -35.56%. Use the drawdown chart below to compare losses from any high point for EQLI.TO and ZUE.TO.

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Drawdown Indicators

EQLI.TOZUE.TODifference

Max Drawdown

Largest peak-to-trough decline

-15.57%

-35.56%

+19.99%

Max Drawdown (1Y)

Largest decline over 1 year

-12.16%

-11.95%

-0.21%

Max Drawdown (5Y)

Largest decline over 5 years

—

-25.34%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.56%

—

Current Drawdown

Current decline from peak

-3.03%

-6.72%

+3.69%

Average Drawdown

Average peak-to-trough decline

-2.64%

-4.12%

+1.48%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.05%

2.60%

+0.45%

Volatility

EQLI.TO vs. ZUE.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 (CAD Hedged) (ZUE.TO) has a volatility of 5.44%. This indicates that EQLI.TO experiences smaller price fluctuations and is considered to be less risky than ZUE.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.TOZUE.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.72%

5.44%

-1.72%

Volatility (6M)

Calculated over the trailing 6-month period

7.25%

9.50%

-2.25%

Volatility (1Y)

Calculated over the trailing 1-year period

13.83%

18.08%

-4.25%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.50%

16.86%

-4.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.50%

18.12%

-5.62%