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EWCO vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

EWCO vs. SPY

Last updated May 13, 2025

Compare and contrast key facts about Invesco S&P 500 Equal Weight Communication Services ETF (EWCO) and SPDR S&P 500 ETF (SPY).

EWCO and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWCO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Communication Services Plus Index. It was launched on Nov 7, 2018. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both EWCO and SPY 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: EWCO or SPY.

Correlation

The correlation between EWCO and SPY is 0.71, 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

EWCO vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Equal Weight Communication Services ETF (EWCO) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Returns By Period

EWCO

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

SPY

YTD

-0.23%

1M

9.19%

6M

-2.01%

1Y

13.36%

5Y*

17.44%

10Y*

12.59%

*Annualized

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EWCO vs. SPY - Expense Ratio Comparison

EWCO has a 0.40% expense ratio, which is higher than SPY's 0.09% expense ratio.

EWCO
Invesco S&P 500 Equal Weight Communication Services ETF
SPY
SPDR S&P 500 ETF

Risk-Adjusted Performance

EWCO vs. SPY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EWCO
The Risk-Adjusted Performance Rank of EWCO is 7474
Overall Rank
The Sharpe Ratio Rank of EWCO is 7070
Sharpe Ratio Rank
The Sortino Ratio Rank of EWCO is 8080
Sortino Ratio Rank
The Omega Ratio Rank of EWCO is 9898
Omega Ratio Rank
The Calmar Ratio Rank of EWCO is 2424
Calmar Ratio Rank
The Martin Ratio Rank of EWCO is 100100
Martin Ratio Rank
SPY
The Risk-Adjusted Performance Rank of SPY is 6969
Overall Rank
The Sharpe Ratio Rank of SPY is 6363
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 6767
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 7171
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 7171
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 7171
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

EWCO vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Communication Services ETF (EWCO) and SPDR S&P 500 ETF (SPY). 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.

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Dividends

EWCO vs. SPY - Dividend Comparison

EWCO has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.23%.

TTM20242023202220212020201920182017201620152014
EWCO
Invesco S&P 500 Equal Weight Communication Services ETF		0.00%0.54%0.98%1.45%1.10%1.05%1.43%0.24%0.00%0.00%0.00%0.00%
SPY
SPDR S&P 500 ETF		1.23%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

EWCO vs. SPY - Drawdown Comparison

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Volatility

EWCO vs. SPY - Volatility Comparison

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