EQWL vs. VOO
Compare and contrast key facts about Invesco S&P 100 Equal Weight ETF (EQWL) and Vanguard S&P 500 ETF (VOO).
EQWL and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both EQWL and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EQWL or VOO.
Key characteristics
| EQWL | VOO | |
|---|---|---|
| YTD Return | 22.97% | 26.94% |
| 1Y Return | 33.44% | 35.06% |
| 3Y Return (Ann) | 9.54% | 10.23% |
| 5Y Return (Ann) | 14.51% | 15.77% |
| 10Y Return (Ann) | 13.00% | 13.41% |
| Sharpe Ratio | 3.45 | 3.08 |
| Sortino Ratio | 4.78 | 4.09 |
| Omega Ratio | 1.65 | 1.58 |
| Calmar Ratio | 6.78 | 4.46 |
| Martin Ratio | 23.65 | 20.36 |
| Ulcer Index | 1.53% | 1.85% |
| Daily Std Dev | 10.48% | 12.23% |
| Max Drawdown | -49.36% | -33.99% |
| Current Drawdown | -0.57% | -0.25% |
Correlation
The correlation between EQWL and VOO is 0.86, 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.
Performance
EQWL vs. VOO - Performance Comparison
In the year-to-date period, EQWL achieves a 22.97% return, which is significantly lower than VOO's 26.94% return. Both investments have delivered pretty close results over the past 10 years, with EQWL having a 13.00% annualized return and VOO not far ahead at 13.41%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EQWL vs. VOO - Expense Ratio Comparison
EQWL has a 0.25% expense ratio, which is higher than VOO'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%.
Risk-Adjusted Performance
EQWL vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 100 Equal Weight ETF (EQWL) and Vanguard S&P 500 ETF (VOO). 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.
Dividends
EQWL vs. VOO - Dividend Comparison
EQWL's dividend yield for the trailing twelve months is around 1.78%, more than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQWL Invesco S&P 100 Equal Weight ETF | 1.78% | 1.97% | 2.12% | 1.65% | 2.01% | 2.04% | 2.23% | 1.27% | 2.01% | 2.03% | 1.74% | 1.61% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
EQWL vs. VOO - Drawdown Comparison
The maximum EQWL drawdown since its inception was -49.36%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for EQWL and VOO. For additional features, visit the drawdowns tool.
Volatility
EQWL vs. VOO - Volatility Comparison
The current volatility for Invesco S&P 100 Equal Weight ETF (EQWL) is 3.49%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.78%. This indicates that EQWL experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.