EQWL vs. STRN

Last updated Jul 17, 2026

EQWL (Invesco S&P 100 Equal Weight ETF) and STRN (SMART Trend ETF) are both exchange-traded funds - EQWL is a Large Cap Blend Equities fund tracking the S&P 100 Equal Weight Index, while STRN is a Actively Managed fund actively managed by SmartWay. EQWL is passively managed, while STRN is actively managed. A 0.57 correlation means they provide meaningful diversification when combined. EQWL charges 0.25%/yr vs 0.59%/yr for STRN.

Performance

EQWL vs. STRN - Performance Comparison

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

Returns By Period

In the year-to-date period, EQWL achieves a 11.46% return, which is significantly lower than STRN's 19.31% 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%

STRN

• 1D: -3.03%
• 1M: -6.46%
• 6M: 14.02%
• YTD: 19.31%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EQWL vs. STRN - Yearly Performance Comparison

	2026 (YTD)	2025
EQWL Invesco S&P 100 Equal Weight ETF	11.46%	5.97%
STRN SMART Trend ETF	19.31%	10.48%

Correlation

The correlation between EQWL and STRN is 0.57, 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 Aug 20, 2025	0.57

Return for Risk

EQWL vs. STRN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EQWL

EQWL Risk / Return Rank: 73
EQWL Sharpe Ratio Rank: 75
EQWL Sortino Ratio Rank: 75
EQWL Omega Ratio Rank: 73
EQWL Calmar Ratio Rank: 65
EQWL Martin Ratio Rank: 75

STRN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. STRN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 100 Equal Weight ETF (EQWL) and SMART Trend ETF (STRN). 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	STRN	Difference
Sharpe ratio: Return per unit of total volatility	1.92	—	—
Sortino ratio: Return per unit of downside risk	2.70	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	2.62	—	—
Martin ratio: Return relative to average drawdown	10.97	—	—

Drawdowns

EQWL vs. STRN - Drawdown Comparison

The maximum EQWL drawdown since its inception was -49.36%, which is greater than STRN's maximum drawdown of -15.43%. Use the drawdown chart below to compare losses from any high point for EQWL and STRN.

Drawdown Indicators

	EQWL	STRN	Difference
Max Drawdown Largest peak-to-trough decline	-49.36%	-15.43%	-33.93%
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 Drawdown Current decline from peak	-0.18%	-8.89%	+8.71%
Average Drawdown Average peak-to-trough decline	-6.66%	-3.00%	-3.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	—	—

Volatility

Volatility by Period

	EQWL	STRN	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%	26.85%	-16.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.03%	26.85%	-11.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.70%	26.85%	-10.15%

EQWL vs. STRN - Expense Ratio Comparison

EQWL has a 0.25% expense ratio, which is lower than STRN's 0.59% expense ratio.

Dividends

EQWL vs. STRN - Dividend Comparison

EQWL's dividend yield for the trailing twelve months is around 1.56%, more than STRN's 0.15% 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%
STRN SMART Trend ETF	0.15%	0.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EQWL and STRN in my portfolio?

EQWL and STRN have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EQWL or STRN?

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.

Which ETF is cheaper, EQWL or STRN?

EQWL is cheaper with a 0.25% expense ratio, compared with 0.59% for STRN.

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

EQWL has the higher dividend yield at 1.56%, compared with 0.15% for STRN.

What is the main difference between EQWL and STRN?

EQWL is categorized as Large Cap Blend Equities, while STRN is Actively Managed. They also come from different issuers: Invesco and SmartWay. Their fees differ too: 0.25% for EQWL and 0.59% for STRN.