ESGC.TO vs. EQL.TO

Last updated Jun 4, 2026

ESGC.TO (Invesco S&P/TSX Composite ESG Index ETF) and EQL.TO (Invesco S&P 500 Equal Weight Index ETF CAD) are both exchange-traded funds - ESGC.TO is a Canada Equities fund tracking the S&P/TSX Composite ESG Index, while EQL.TO is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 5 years, ESGC.TO returned 13.73%/yr vs 16.55%/yr for EQL.TO. At a 0.39 correlation, their price movements are largely independent. ESGC.TO charges 0.15%/yr vs 0.25%/yr for EQL.TO.

Performance

ESGC.TO vs. EQL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Invesco S&P/TSX Composite ESG Index ETF (ESGC.TO) and Invesco S&P 500 Equal Weight Index ETF CAD (EQL.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ESGC.TO achieves a 12.27% return, which is significantly higher than EQL.TO's 10.79% return.

ESGC.TO

• 1D: -0.35%
• 1M: 4.89%
• YTD: 12.27%
• 6M: 14.01%
• 1Y: 34.84%
• 3Y*: 22.81%
• 5Y*: 13.73%
• 10Y*: —

EQL.TO

• 1D: 0.02%
• 1M: 5.96%
• YTD: 10.79%
• 6M: 9.50%
• 1Y: 20.53%
• 3Y*: 20.00%
• 5Y*: 16.55%
• 10Y*: —

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

ESGC.TO vs. EQL.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ESGC.TO Invesco S&P/TSX Composite ESG Index ETF	12.27%	32.85%	18.64%	7.50%	-7.28%	23.99%	5.27%
EQL.TO Invesco S&P 500 Equal Weight Index ETF CAD	10.79%	5.94%	27.38%	19.69%	1.21%	37.03%	11.27%

Correlation

The correlation between ESGC.TO and EQL.TO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (All Time) Calculated using the full available price history since Oct 9, 2020	0.39

Return for Risk

ESGC.TO vs. EQL.TO — Risk / Return Rank

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

ESGC.TO

ESGC.TO Risk / Return Rank: 82
ESGC.TO Sharpe Ratio Rank: 86
ESGC.TO Sortino Ratio Rank: 86
ESGC.TO Omega Ratio Rank: 88
ESGC.TO Calmar Ratio Rank: 70
ESGC.TO Martin Ratio Rank: 78

EQL.TO

EQL.TO Risk / Return Rank: 54
EQL.TO Sharpe Ratio Rank: 50
EQL.TO Sortino Ratio Rank: 51
EQL.TO Omega Ratio Rank: 48
EQL.TO Calmar Ratio Rank: 62
EQL.TO Martin Ratio Rank: 61

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.

ESGC.TO vs. EQL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P/TSX Composite ESG Index ETF (ESGC.TO) and Invesco S&P 500 Equal Weight Index ETF CAD (EQL.TO). 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.

	ESGC.TO	EQL.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.82	1.73	+1.10
Sortino ratio: Return per unit of downside risk	3.81	2.51	+1.30
Omega ratio: Gain probability vs. loss probability	1.55	1.30	+0.24
Calmar ratio: Return relative to maximum drawdown	3.45	3.06	+0.39
Martin ratio: Return relative to average drawdown	15.05	10.94	+4.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESGC.TO vs. EQL.TO - Sharpe Ratio Comparison

The current ESGC.TO Sharpe Ratio is 2.82, which is higher than the EQL.TO Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of ESGC.TO and EQL.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ESGC.TO	EQL.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.82	1.73	+1.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.09	1.14	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	1.26	1.05	+0.20

Drawdowns

ESGC.TO vs. EQL.TO - Drawdown Comparison

The maximum ESGC.TO drawdown since its inception was -16.66%, smaller than the maximum EQL.TO drawdown of -30.47%. Use the drawdown chart below to compare losses from any high point for ESGC.TO and EQL.TO.

Drawdown Indicators

	ESGC.TO	EQL.TO	Difference
Max Drawdown Largest peak-to-trough decline	-16.66%	-30.47%	+13.81%
Max Drawdown (1Y) Largest decline over 1 year	-10.14%	-6.73%	-3.41%
Max Drawdown (3Y) Largest decline over 3 years	-11.51%	-17.25%	+5.74%
Max Drawdown (5Y) Largest decline over 5 years	-16.66%	-17.60%	+0.94%
Current Drawdown Current decline from peak	-0.35%	-0.45%	+0.10%
Average Drawdown Average peak-to-trough decline	-3.61%	-3.19%	-0.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	1.88%	+0.44%

Volatility

ESGC.TO vs. EQL.TO - Volatility Comparison

Invesco S&P/TSX Composite ESG Index ETF (ESGC.TO) has a higher volatility of 4.19% compared to Invesco S&P 500 Equal Weight Index ETF CAD (EQL.TO) at 3.86%. This indicates that ESGC.TO's price experiences larger fluctuations and is considered to be riskier than EQL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESGC.TO	EQL.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.19%	3.86%	+0.33%
Volatility (6M) Calculated over the trailing 6-month period	10.53%	8.98%	+1.55%
Volatility (1Y) Calculated over the trailing 1-year period	12.40%	11.99%	+0.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.67%	14.54%	-1.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.73%	17.35%	-4.62%

ESGC.TO vs. EQL.TO - Expense Ratio Comparison

ESGC.TO has a 0.15% expense ratio, which is lower than EQL.TO's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

ESGC.TO vs. EQL.TO - Dividend Comparison

ESGC.TO's dividend yield for the trailing twelve months is around 2.13%, more than EQL.TO's 1.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EQL.TO Invesco S&P 500 Equal Weight Index ETF CAD	1.26%	1.38%	5.37%	8.14%	8.91%	7.19%	9.96%	8.29%	1.35%
ESGC.TO Invesco S&P/TSX Composite ESG Index ETF	2.13%	2.34%	2.60%	3.23%	2.98%	2.28%	0.67%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ESGC.TO and EQL.TO in my portfolio?

ESGC.TO and EQL.TO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESGC.TO or EQL.TO?

On fees, ESGC.TO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESGC.TO or EQL.TO?

ESGC.TO is cheaper with a 0.15% expense ratio, compared with 0.25% for EQL.TO.

What is the main difference between ESGC.TO and EQL.TO?

ESGC.TO is categorized as Canada Equities, while EQL.TO is S&P 500. ESGC.TO tracks S&P/TSX Composite ESG Index, while EQL.TO tracks S&P 500 Equal Weight Index. Their fees differ too: 0.15% for ESGC.TO and 0.25% for EQL.TO.