EQWL vs. BIREX
Compare and contrast key facts about Invesco S&P 100 Equal Weight ETF (EQWL) and BlackRock Real Estate Securities Fund (BIREX).
EQWL is a passively managed fund by Invesco that tracks the performance of the S&P 100 Equal Weighted. It was launched on Dec 1, 2006. BIREX is managed by BlackRock. It was launched on Sep 28, 2012.
Performance
EQWL vs. BIREX - Performance Comparison
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EQWL vs. BIREX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EQWL Invesco S&P 100 Equal Weight ETF | -1.85% | 17.61% | 19.11% | 19.48% | -11.46% | 28.29% | 13.94% | 29.54% | -6.30% | 24.41% |
BIREX BlackRock Real Estate Securities Fund | 3.71% | 3.08% | 3.75% | 13.57% | -27.58% | 46.24% | -4.17% | 27.75% | -2.95% | 6.19% |
Returns By Period
In the year-to-date period, EQWL achieves a -1.85% return, which is significantly lower than BIREX's 3.71% return. Over the past 10 years, EQWL has outperformed BIREX with an annualized return of 13.61%, while BIREX has yielded a comparatively lower 5.63% annualized return.
EQWL
- 1D
- 0.17%
- 1M
- -5.04%
- YTD
- -1.85%
- 6M
- 1.17%
- 1Y
- 14.11%
- 3Y*
- 16.14%
- 5Y*
- 10.98%
- 10Y*
- 13.61%
BIREX
- 1D
- 1.59%
- 1M
- -6.33%
- YTD
- 3.71%
- 6M
- 1.99%
- 1Y
- 4.64%
- 3Y*
- 7.17%
- 5Y*
- 3.58%
- 10Y*
- 5.63%
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EQWL vs. BIREX - Expense Ratio Comparison
EQWL has a 0.25% expense ratio, which is lower than BIREX's 0.75% expense ratio.
Return for Risk
EQWL vs. BIREX — Risk / Return Rank
EQWL
BIREX
EQWL vs. BIREX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 100 Equal Weight ETF (EQWL) and BlackRock Real Estate Securities Fund (BIREX). 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.
| EQWL | BIREX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.88 | 0.29 | +0.59 |
Sortino ratioReturn per unit of downside risk | 1.32 | 0.50 | +0.82 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.07 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.21 | 0.47 | +0.74 |
Martin ratioReturn relative to average drawdown | 5.55 | 1.94 | +3.61 |
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
| EQWL | BIREX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 0.29 | +0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.19 | +0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.27 | +0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.36 | +0.20 |
Correlation
The correlation between EQWL and BIREX is 0.57, 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
EQWL vs. BIREX - Dividend Comparison
EQWL's dividend yield for the trailing twelve months is around 1.70%, less than BIREX's 2.87% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQWL Invesco S&P 100 Equal Weight ETF | 1.70% | 1.67% | 1.86% | 1.97% | 2.12% | 1.65% | 2.01% | 2.04% | 2.23% | 1.27% | 2.01% | 2.03% |
BIREX BlackRock Real Estate Securities Fund | 2.87% | 2.98% | 2.88% | 2.87% | 4.36% | 1.63% | 2.16% | 1.93% | 3.07% | 9.88% | 6.72% | 6.75% |
Drawdowns
EQWL vs. BIREX - Drawdown Comparison
The maximum EQWL drawdown since its inception was -49.36%, which is greater than BIREX's maximum drawdown of -41.92%. Use the drawdown chart below to compare losses from any high point for EQWL and BIREX.
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Drawdown Indicators
| EQWL | BIREX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.36% | -41.92% | -7.44% |
Max Drawdown (1Y)Largest decline over 1 year | -11.47% | -12.09% | +0.62% |
Max Drawdown (5Y)Largest decline over 5 years | -22.99% | -34.76% | +11.77% |
Max Drawdown (10Y)Largest decline over 10 years | -34.30% | -41.92% | +7.62% |
Current DrawdownCurrent decline from peak | -5.51% | -8.78% | +3.27% |
Average DrawdownAverage peak-to-trough decline | -6.75% | -9.83% | +3.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.92% | -0.41% |
Volatility
EQWL vs. BIREX - Volatility Comparison
The current volatility for Invesco S&P 100 Equal Weight ETF (EQWL) is 4.15%, while BlackRock Real Estate Securities Fund (BIREX) has a volatility of 4.53%. This indicates that EQWL experiences smaller price fluctuations and is considered to be less risky than BIREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EQWL | BIREX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 4.53% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 7.86% | 9.19% | -1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.12% | 16.08% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.98% | 18.77% | -3.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.78% | 20.89% | -4.11% |