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EQWL vs. SCHD
Performance
Return for Risk
Dividends
Drawdowns
Volatility

EQWL vs. SCHD

Last updated Apr 4, 2026

Compare and contrast key facts about Invesco S&P 100 Equal Weight ETF (EQWL) and Schwab U.S. Dividend Equity ETF (SCHD).

EQWL and SCHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. Both EQWL and SCHD 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

EQWL vs. SCHD - Performance Comparison

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

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EQWL vs. SCHD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EQWL
Invesco S&P 100 Equal Weight ETF		-1.68%17.61%19.11%19.48%-11.46%28.29%13.94%29.54%-6.30%24.41%
SCHD
Schwab U.S. Dividend Equity ETF		12.35%4.34%11.66%4.54%-3.26%29.87%15.03%27.29%-5.56%20.85%

Returns By Period

In the year-to-date period, EQWL achieves a -1.68% return, which is significantly lower than SCHD's 12.35% return. Over the past 10 years, EQWL has outperformed SCHD with an annualized return of 13.63%, while SCHD has yielded a comparatively lower 12.30% annualized return.

EQWL

1D
0.17%
1M
-4.76%
YTD
-1.68%
6M
1.08%
1Y
18.57%
3Y*
16.06%
5Y*
11.02%
10Y*
13.63%

SCHD

1D
0.16%
1M
-2.29%
YTD
12.35%
6M
13.59%
1Y
18.75%
3Y*
11.70%
5Y*
8.35%
10Y*
12.30%
*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 100 Equal Weight ETF

Schwab U.S. Dividend Equity ETF

Often compared with EQWL:
EQWL vs. RSPEQWL vs. VOOEQWL vs. SPYEQWL vs. QQQEQWL vs. VTVEQWL vs. RSPNEQWL vs. IVV
Often compared with SCHD:
SCHD vs. VOOSCHD vs. VYMSCHD vs. SPYSCHD vs. SCHGSCHD vs. JEPISCHD vs. FDVVSCHD vs. VIG

EQWL vs. SCHD - Expense Ratio Comparison

EQWL has a 0.25% expense ratio, which is higher than SCHD's 0.06% 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%.

EQWL
Invesco S&P 100 Equal Weight ETF
SCHD
Schwab U.S. Dividend Equity ETF

Return for Risk

EQWL vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EQWL
EQWL Risk / Return Rank: 4343
Overall Rank
EQWL Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
EQWL Sortino Ratio Rank: 4343
Sortino Ratio Rank
EQWL Omega Ratio Rank: 4747
Omega Ratio Rank
EQWL Calmar Ratio Rank: 3636
Calmar Ratio Rank
EQWL Martin Ratio Rank: 4646
Martin Ratio Rank
SCHD
SCHD Risk / Return Rank: 4040
Overall Rank
SCHD Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
SCHD Sortino Ratio Rank: 4646
Sortino Ratio Rank
SCHD Omega Ratio Rank: 4444
Omega Ratio Rank
SCHD Calmar Ratio Rank: 3232
Calmar Ratio Rank
SCHD Martin Ratio Rank: 3131
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.

EQWL vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 100 Equal Weight ETF (EQWL) and Schwab U.S. Dividend Equity ETF (SCHD). 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.

EQWLSCHDDifference

Sharpe ratio

Return per unit of total volatility

0.85

0.89

-0.04

Sortino ratio

Return per unit of downside risk

1.29

1.34

-0.05

Omega ratio

Gain probability vs. loss probability

1.19

1.19

+0.01

Calmar ratio

Return relative to maximum drawdown

1.25

1.09

+0.16

Martin ratio

Return relative to average drawdown

5.65

3.69

+1.96

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EQWL vs. SCHD - Sharpe Ratio Comparison

The current EQWL Sharpe Ratio is 0.85, which is comparable to the SCHD Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of EQWL and SCHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

EQWLSCHDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.85

0.89

-0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.74

0.58

+0.16

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.81

0.74

+0.08

Sharpe Ratio (All Time)

Calculated using the full available price history

0.57

0.84

-0.27

Correlation

The correlation between EQWL and SCHD is 0.83, 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

EQWL vs. SCHD - Dividend Comparison

EQWL's dividend yield for the trailing twelve months is around 1.70%, less than SCHD's 3.45% yield.

TTM20252024202320222021202020192018201720162015
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%
SCHD
Schwab U.S. Dividend Equity ETF		3.45%3.82%3.64%3.49%3.39%2.78%3.16%2.98%3.06%2.63%2.89%2.97%

Drawdowns

EQWL vs. SCHD - Drawdown Comparison

The maximum EQWL drawdown since its inception was -49.36%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for EQWL and SCHD.

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Drawdown Indicators

EQWLSCHDDifference

Max Drawdown

Largest peak-to-trough decline

-49.36%

-33.37%

-15.99%

Max Drawdown (1Y)

Largest decline over 1 year

-7.76%

-4.61%

-3.15%

Max Drawdown (5Y)

Largest decline over 5 years

-22.99%

-16.85%

-6.14%

Max Drawdown (10Y)

Largest decline over 10 years

-34.30%

-33.37%

-0.93%

Current Drawdown

Current decline from peak

-5.35%

-3.27%

-2.08%

Average Drawdown

Average peak-to-trough decline

-6.75%

-3.34%

-3.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.53%

3.76%

-1.23%

Volatility

EQWL vs. SCHD - Volatility Comparison

Invesco S&P 100 Equal Weight ETF (EQWL) has a higher volatility of 4.08% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.35%. This indicates that EQWL's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EQWLSCHDDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.08%

2.35%

+1.73%

Volatility (6M)

Calculated over the trailing 6-month period

7.86%

7.93%

-0.07%

Volatility (1Y)

Calculated over the trailing 1-year period

16.12%

15.69%

+0.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.98%

14.40%

+0.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.78%

16.69%

+0.09%