EQWL vs. SPCT
EQWL (Invesco S&P 100 Equal Weight ETF) and SPCT (Liberty One Spectrum ETF) are both Large Cap Blend Equities funds. EQWL is passively managed, while SPCT is actively managed. A 0.70 correlation means they provide meaningful diversification when combined. EQWL charges 0.25%/yr vs 0.85%/yr for SPCT.
Performance
EQWL vs. SPCT - Performance Comparison
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Returns By Period
In the year-to-date period, EQWL achieves a 11.46% return, which is significantly higher than SPCT's 9.92% return.
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%
SPCT
- 1D
- 0.99%
- 1M
- 1.35%
- 6M
- 7.01%
- YTD
- 9.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EQWL vs. SPCT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EQWL Invesco S&P 100 Equal Weight ETF | 11.46% | 3.68% |
SPCT Liberty One Spectrum ETF | 9.92% | 1.93% |
Correlation
The correlation between EQWL and SPCT is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 30, 2025 | 0.70 |
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Return for Risk
EQWL vs. SPCT — Risk / Return Rank
EQWL
SPCT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EQWL vs. SPCT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 100 Equal Weight ETF (EQWL) and Liberty One Spectrum ETF (SPCT). 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 | SPCT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.34 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | — | — |
| Martin ratioReturn relative to average drawdown | 10.97 | — | — |
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Drawdowns
EQWL vs. SPCT - Drawdown Comparison
The maximum EQWL drawdown since its inception was -49.36%, which is greater than SPCT's maximum drawdown of -7.17%. Use the drawdown chart below to compare losses from any high point for EQWL and SPCT.
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Drawdown Indicators
| EQWL | SPCT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.36% | -7.17% | -42.19% |
Max Drawdown (1Y)Largest decline over 1 year | -7.76% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -14.95% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.99% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.30% | — | — |
Current DrawdownCurrent decline from peak | -0.18% | 0.00% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -6.66% | -1.49% | -5.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | — | — |
Volatility
EQWL vs. SPCT - Volatility Comparison
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Volatility by Period
| EQWL | SPCT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 8.32% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.60% | 9.27% | +1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.03% | 9.27% | +5.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.70% | 9.27% | +7.43% |
EQWL vs. SPCT - Expense Ratio Comparison
EQWL has a 0.25% expense ratio, which is lower than SPCT's 0.85% expense ratio.
Dividends
EQWL vs. SPCT - Dividend Comparison
EQWL's dividend yield for the trailing twelve months is around 1.56%, more than SPCT's 0.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPCT Liberty One Spectrum ETF | 0.73% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EQWL and SPCT have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EQWL is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EQWL is cheaper with a 0.25% expense ratio, compared with 0.85% for SPCT.
EQWL has the higher dividend yield at 1.56%, compared with 0.73% for SPCT.
They also come from different issuers: Invesco and Liberty One. Their fees differ too: 0.25% for EQWL and 0.85% for SPCT.
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