EQWL vs. IVV

Last updated Aug 2, 2026

EQWL (Invesco S&P 100 Equal Weight ETF) and IVV (iShares Core S&P 500 ETF) are both exchange-traded funds - EQWL is a Large Cap Blend Equities fund tracking the S&P 100 Equal Weight Index, while IVV is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, EQWL returned 14.45%/yr vs 15.11%/yr for IVV. Their correlation of 0.86 means they have usually moved in the same direction. EQWL charges 0.25%/yr vs 0.03%/yr for IVV.

Performance

EQWL vs. IVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 100 Equal Weight ETF (EQWL) and iShares Core S&P 500 ETF (IVV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EQWL achieves a 11.12% return, which is significantly higher than IVV's 10.13% return. Both investments have delivered pretty close results over the past 10 years, with EQWL having a 14.45% annualized return and IVV not far ahead at 15.11%.

EQWL

• 1D: 0.07%
• 1M: -0.29%
• 6M: 8.68%
• YTD: 11.12%
• 1Y: 22.08%
• 3Y*: 17.75%
• 5Y*: 11.96%
• 10Y*: 14.45%
• ALL TIME*: 10.73%

IVV

• 1D: 0.69%
• 1M: 0.25%
• 6M: 8.53%
• YTD: 10.13%
• 1Y: 21.55%
• 3Y*: 19.40%
• 5Y*: 12.82%
• 10Y*: 15.11%
• ALL TIME*: 8.45%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EQWL Invesco S&P 100 Equal Weight ETF	$9.49M	$9.52M	$9.92M
IVV iShares Core S&P 500 ETF	$3.36B	$3.31B	$5.91B

EQWL vs. IVV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EQWL Invesco S&P 100 Equal Weight ETF	11.12%	17.61%	19.11%	19.48%	-11.46%	28.29%	13.94%	29.54%	-6.30%	24.41%
IVV iShares Core S&P 500 ETF	10.13%	17.85%	24.93%	26.31%	-18.16%	28.76%	18.40%	31.07%	-4.49%	21.75%

Correlation

The correlation between EQWL and IVV is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.78
Correlation (3Y) Balances recent behavior with more history.	0.83
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (10Y) Provides a long-term view across more market conditions.	0.88
Correlation (All Time) Calculated using the full available price history since Dec 1, 2006	0.86

The correlation between EQWL and IVV shifts across timeframes, from 0.78 (1 year) to 0.89 (5 years), reflecting how their relationship changes across market environments.

EQWL vs. IVV - Sectors Allocation Comparison

Sectors	EQWL	IVV
Technology	21.3%	37.2%
Financial Services	15.3%	12.5%
Healthcare	15.2%	9.4%
Industrials	14.9%	7.9%
Consumer Cyclical	9.0%	8.9%
Consumer Defensive	8.5%	4.8%
Communication Services	7.4%	9.6%
Utilities	3.0%	2.6%
Energy	2.6%	3.3%
Real Estate	1.9%	1.9%
Basic Materials	1.0%	1.8%

Return for Risk

EQWL vs. IVV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EQWL

EQWL Risk / Return Rank: 82
EQWL Sharpe Ratio Rank: 84
EQWL Sortino Ratio Rank: 83
EQWL Omega Ratio Rank: 82
EQWL Calmar Ratio Rank: 76
EQWL Martin Ratio Rank: 84

IVV

IVV Risk / Return Rank: 67
IVV Sharpe Ratio Rank: 68
IVV Sortino Ratio Rank: 64
IVV Omega Ratio Rank: 65
IVV Calmar Ratio Rank: 64
IVV Martin Ratio Rank: 76

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EQWL vs. IVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 100 Equal Weight ETF (EQWL) and iShares Core S&P 500 ETF (IVV). 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.

	EQWL	IVV	Difference
Sharpe ratio: Return per unit of total volatility	1.94	1.53	+0.41
Sortino ratio: Return per unit of downside risk	2.72	2.12	+0.59
Omega ratio: Gain probability vs. loss probability	1.35	1.27	+0.07
Calmar ratio: Return relative to maximum drawdown	2.67	2.21	+0.45
Martin ratio: Return relative to average drawdown	11.35	9.43	+1.92

EQWL vs. IVV - Sharpe Ratio Comparison

The current EQWL Sharpe Ratio is 1.94, which is comparable to the IVV Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of EQWL and IVV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EQWL vs. IVV - Drawdown Comparison

The maximum EQWL drawdown since its inception was -49.36%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for EQWL and IVV.

Drawdown Indicators

	EQWL	IVV	Difference
Max Drawdown Largest peak-to-trough decline	-49.36%	-55.25%	+5.89%
Max Drawdown (1Y) Largest decline over 1 year	-7.76%	-8.89%	+1.13%
Max Drawdown (3Y) Largest decline over 3 years	-14.95%	-18.75%	+3.80%
Max Drawdown (5Y) Largest decline over 5 years	-22.99%	-24.53%	+1.54%
Max Drawdown (10Y) Largest decline over 10 years	-34.30%	-33.90%	-0.40%
Current Drawdown Current decline from peak	-0.90%	-1.41%	+0.51%
Average Drawdown Average peak-to-trough decline	-6.65%	-10.72%	+4.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.82%	2.09%	-0.27%

Volatility

EQWL vs. IVV - Volatility Comparison

The current volatility for Invesco S&P 100 Equal Weight ETF (EQWL) is 3.02%, while iShares Core S&P 500 ETF (IVV) has a volatility of 3.52%. This indicates that EQWL experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EQWL	IVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.02%	3.52%	-0.50%
Volatility (6M) Calculated over the trailing 6-month period	8.30%	10.18%	-1.88%
Volatility (1Y) Calculated over the trailing 1-year period	10.74%	12.89%	-2.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.01%	17.01%	-2.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.71%	18.06%	-1.35%

EQWL vs. IVV - Expense Ratio Comparison

EQWL has a 0.25% expense ratio, which is higher than IVV's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

EQWL vs. IVV - Dividend Comparison

EQWL's dividend yield for the trailing twelve months is around 1.57%, more than IVV's 1.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EQWL Invesco S&P 100 Equal Weight ETF	1.57%	1.67%	1.86%	1.97%	2.12%	1.65%	2.01%	2.04%	2.23%	1.27%	2.01%	2.03%
IVV iShares Core S&P 500 ETF	1.09%	1.17%	1.30%	1.44%	1.66%	1.20%	1.57%	1.85%	2.21%	1.75%	2.01%	2.27%

Frequently Asked Questions

Can I hold both EQWL and IVV in my portfolio?

EQWL and IVV have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EQWL or IVV?

IVV has higher volatility (3.52%) compared to EQWL (3.02%). In terms of maximum drawdown, EQWL dropped -49.36% vs IVV's -55.25%.

Which ETF is better, EQWL or IVV?

On 10-year performance, IVV leads with 15.11% vs 14.45% for EQWL. On fees, IVV is cheaper at 0.03% per year. On volatility, EQWL has been the lower-risk option at 3.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EQWL or IVV?

Over the 10-year period, IVV has performed better with a 15.11% return vs 14.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EQWL or IVV?

IVV is cheaper with a 0.03% expense ratio, compared with 0.25% for EQWL.

Which ETF pays a higher dividend yield, EQWL or IVV?

EQWL has the higher dividend yield at 1.57%, compared with 1.09% for IVV.

What is the main difference between EQWL and IVV?

EQWL is categorized as Large Cap Blend Equities, while IVV is S&P 500. EQWL tracks S&P 100 Equal Weight Index, while IVV tracks S&P 500 Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.25% for EQWL and 0.03% for IVV.

Which has better risk-adjusted returns?

EQWL currently has the higher Sharpe Ratio (1.94 vs 1.53), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.