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EQWL vs. SCHK
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EQWL vs. SCHK

Last updated Jul 17, 2026
Documentation

EQWL (Invesco S&P 100 Equal Weight ETF) and SCHK (Schwab 1000 Index ETF) are both Large Cap Blend Equities funds - EQWL tracks the S&P 100 Equal Weight Index while SCHK tracks the Schwab 1000 Index. Both are passively managed. Over the past 5 years, EQWL returned 12.31%/yr vs 12.59%/yr for SCHK. Their correlation of 0.89 suggests significant overlap in exposure. EQWL charges 0.25%/yr vs 0.03%/yr for SCHK.

Performance

EQWL vs. SCHK - 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 1000 Index ETF (SCHK). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with EQWL having a 11.46% return and SCHK slightly lower at 10.97%.

EQWL

1D
0.78%
1M
1.29%
6M
9.00%
YTD
11.46%
1Y
20.27%
3Y*
18.86%
5Y*
12.31%
10Y*
14.46%

SCHK

1D
-0.52%
1M
0.32%
6M
9.01%
YTD
10.97%
1Y
21.52%
3Y*
19.89%
5Y*
12.59%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EQWL vs. SCHK - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EQWL
Invesco S&P 100 Equal Weight ETF		11.46%17.61%19.11%19.48%-11.46%28.29%13.94%29.54%-6.30%5.26%
SCHK
Schwab 1000 Index ETF		10.97%17.23%24.48%26.63%-19.51%26.17%20.75%31.31%-5.09%5.24%

Correlation

The correlation between EQWL and SCHK is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.80

Correlation (3Y)
Calculated over the trailing 3-year period

0.84

Correlation (5Y)
Calculated over the trailing 5-year period

0.89

Correlation (All Time)
Calculated using the full available price history since Oct 11, 2017

0.89

The correlation between EQWL and SCHK has been stable across timeframes, ranging from 0.80 to 0.89 - a consistent structural relationship.

EQWL vs. SCHK - Sectors Allocation Comparison

Sectors
EQWL
SCHK

Technology

26.7%
38.0%

Financial Services

14.9%
11.2%

Healthcare

13.5%
8.4%

Industrials

13.2%
8.9%

Consumer Defensive

8.3%
4.3%

Consumer Cyclical

8.2%
9.8%

Communication Services

7.1%
10.1%

Energy

2.7%
3.2%

Utilities

2.6%
2.1%

Real Estate

1.9%
2.0%

Basic Materials

1.0%
1.9%

Technology

EQWL
26.7%
SCHK
38.0%

Financial Services

EQWL
14.9%
SCHK
11.2%

Healthcare

EQWL
13.5%
SCHK
8.4%

Industrials

EQWL
13.2%
SCHK
8.9%

Consumer Defensive

EQWL
8.3%
SCHK
4.3%

Consumer Cyclical

EQWL
8.2%
SCHK
9.8%

Communication Services

EQWL
7.1%
SCHK
10.1%

Energy

EQWL
2.7%
SCHK
3.2%

Utilities

EQWL
2.6%
SCHK
2.1%

Real Estate

EQWL
1.9%
SCHK
2.0%

Basic Materials

EQWL
1.0%
SCHK
1.9%

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 1000 Index ETF

Often compared with EQWL:
EQWL vs. RSPEQWL vs. VOOEQWL vs. SPYEQWL vs. QQQEQWL vs. SCHDEQWL vs. VTVEQWL vs. RSPN
Often compared with SCHK:
SCHK vs. SCHBSCHK vs. VOOSCHK vs. SCHXSCHK vs. SCHGSCHK vs. VTISCHK vs. VONGSCHK vs. SCHD

Return for Risk

EQWL vs. SCHK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EQWL
EQWL Risk / Return Rank: 7373
Overall Rank
EQWL Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
EQWL Sortino Ratio Rank: 7575
Sortino Ratio Rank
EQWL Omega Ratio Rank: 7373
Omega Ratio Rank
EQWL Calmar Ratio Rank: 6565
Calmar Ratio Rank
EQWL Martin Ratio Rank: 7575
Martin Ratio Rank
SCHK
SCHK Risk / Return Rank: 6464
Overall Rank
SCHK Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
SCHK Sortino Ratio Rank: 6161
Sortino Ratio Rank
SCHK Omega Ratio Rank: 6262
Omega Ratio Rank
SCHK Calmar Ratio Rank: 6060
Calmar Ratio Rank
SCHK Martin Ratio Rank: 7272
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. SCHK - 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 1000 Index ETF (SCHK). 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.

EQWLSCHKDifference
Sharpe ratioReturn per unit of total volatility
1.92
1.68

+0.24

Sortino ratioReturn per unit of downside risk
2.70
2.33

+0.38

Omega ratioGain probability vs. loss probability

1.34

1.30

+0.04

Calmar ratioReturn relative to maximum drawdown

2.62

2.41

+0.21

Martin ratioReturn relative to average drawdown

10.97

10.52

+0.44

EQWL vs. SCHK - Sharpe Ratio Comparison

The current EQWL Sharpe Ratio is 1.92, which is comparable to the SCHK Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of EQWL and SCHK, 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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Drawdowns

EQWL vs. SCHK - Drawdown Comparison

The maximum EQWL drawdown since its inception was -49.36%, which is greater than SCHK's maximum drawdown of -34.80%. Use the drawdown chart below to compare losses from any high point for EQWL and SCHK.

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Drawdown Indicators

EQWLSCHKDifference

Max Drawdown

Largest peak-to-trough decline

-49.36%

-34.80%

-14.56%

Max Drawdown (1Y)

Largest decline over 1 year

-7.76%

-8.97%

+1.21%

Max Drawdown (3Y)

Largest decline over 3 years

-14.95%

-19.21%

+4.26%

Max Drawdown (5Y)

Largest decline over 5 years

-22.99%

-25.44%

+2.45%

Max Drawdown (10Y)

Largest decline over 10 years

-34.30%

—

—

Current Drawdown

Current decline from peak

-0.18%

-0.81%

+0.63%

Average Drawdown

Average peak-to-trough decline

-6.66%

-5.13%

-1.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.85%

2.05%

-0.20%

Volatility

EQWL vs. SCHK - Volatility Comparison

The current volatility for Invesco S&P 100 Equal Weight ETF (EQWL) is 2.59%, while Schwab 1000 Index ETF (SCHK) has a volatility of 3.35%. This indicates that EQWL experiences smaller price fluctuations and is considered to be less risky than SCHK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EQWLSCHKDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.59%

3.35%

-0.76%

Volatility (6M)

Calculated over the trailing 6-month period

8.32%

10.18%

-1.86%

Volatility (1Y)

Calculated over the trailing 1-year period

10.60%

12.84%

-2.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.03%

17.35%

-2.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.70%

19.07%

-2.37%

EQWL vs. SCHK - Expense Ratio Comparison

EQWL has a 0.25% expense ratio, which is higher than SCHK'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. SCHK - Dividend Comparison

EQWL's dividend yield for the trailing twelve months is around 1.56%, more than SCHK's 1.03% yield.

PositionTTM20252024202320222021202020192018201720162015
EQWL
Invesco S&P 100 Equal Weight ETF		1.56%1.67%1.86%1.97%2.12%1.65%2.01%2.04%2.23%1.27%2.01%2.03%
SCHK
Schwab 1000 Index ETF		1.03%1.09%1.20%1.38%1.57%1.17%1.58%1.82%1.80%0.31%0.00%0.00%

Frequently Asked Questions

EQWL and SCHK have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SCHK has higher volatility (3.35%) compared to EQWL (2.59%). In terms of maximum drawdown, EQWL dropped -49.36% vs SCHK's -34.80%.

On 5-year performance, SCHK leads with 12.59% vs 12.31% for EQWL. On fees, SCHK is cheaper at 0.03% per year. On volatility, EQWL has been the lower-risk option at 2.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, SCHK has performed better with a 12.59% return vs 12.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

EQWL has the higher dividend yield at 1.56%, compared with 1.03% for SCHK.

EQWL tracks S&P 100 Equal Weight Index, while SCHK tracks Schwab 1000 Index. They also come from different issuers: Invesco and Charles Schwab. Their fees differ too: 0.25% for EQWL and 0.03% for SCHK.

EQWL currently has the higher Sharpe Ratio (1.92 vs 1.68), 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.

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