INAI.TO vs. EQL.TO
Compare and contrast key facts about Invesco Morningstar Global Next Gen AI Index ETF (INAI.TO) and Invesco S&P 500 Equal Weight Index ETF CAD (EQL.TO).
INAI.TO and EQL.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. INAI.TO is a passively managed fund by Invesco that tracks the performance of the Morningstar Global Next Gen AI Index. It was launched on Jan 18, 2024. EQL.TO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Index. It was launched on May 29, 2018. Both INAI.TO and EQL.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
INAI.TO vs. EQL.TO - Performance Comparison
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INAI.TO vs. EQL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
INAI.TO Invesco Morningstar Global Next Gen AI Index ETF | -9.34% | 30.39% | 50.13% |
EQL.TO Invesco S&P 500 Equal Weight Index ETF CAD | 1.77% | 5.94% | 27.78% |
Returns By Period
In the year-to-date period, INAI.TO achieves a -9.34% return, which is significantly lower than EQL.TO's 1.77% return.
INAI.TO
- 1D
- 1.87%
- 1M
- -7.50%
- YTD
- -9.34%
- 6M
- -9.72%
- 1Y
- 33.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EQL.TO
- 1D
- 2.02%
- 1M
- -4.20%
- YTD
- 1.77%
- 6M
- 1.79%
- 1Y
- 8.58%
- 3Y*
- 16.16%
- 5Y*
- 15.15%
- 10Y*
- —
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INAI.TO vs. EQL.TO - Expense Ratio Comparison
INAI.TO has a 0.60% expense ratio, which is higher than EQL.TO's 0.25% expense ratio.
Return for Risk
INAI.TO vs. EQL.TO — Risk / Return Rank
INAI.TO
EQL.TO
INAI.TO vs. EQL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Morningstar Global Next Gen AI Index ETF (INAI.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.
| INAI.TO | EQL.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.19 | 0.49 | +0.69 |
Sortino ratioReturn per unit of downside risk | 1.65 | 0.78 | +0.88 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.11 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.32 | 0.77 | +0.55 |
Martin ratioReturn relative to average drawdown | 3.80 | 2.92 | +0.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| INAI.TO | EQL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 0.49 | +0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 1.00 | +0.11 |
Correlation
The correlation between INAI.TO and EQL.TO is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
INAI.TO vs. EQL.TO - Dividend Comparison
INAI.TO's dividend yield for the trailing twelve months is around 0.05%, less than EQL.TO's 1.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
INAI.TO Invesco Morningstar Global Next Gen AI Index ETF | 0.05% | 0.07% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EQL.TO Invesco S&P 500 Equal Weight Index ETF CAD | 1.37% | 1.38% | 5.37% | 8.14% | 8.91% | 7.19% | 9.96% | 8.29% | 1.35% |
Drawdowns
INAI.TO vs. EQL.TO - Drawdown Comparison
The maximum INAI.TO drawdown since its inception was -26.78%, smaller than the maximum EQL.TO drawdown of -30.47%. Use the drawdown chart below to compare losses from any high point for INAI.TO and EQL.TO.
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Drawdown Indicators
| INAI.TO | EQL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.78% | -30.47% | +3.69% |
Max Drawdown (1Y)Largest decline over 1 year | -22.07% | -13.01% | -9.06% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.60% | — |
Current DrawdownCurrent decline from peak | -20.61% | -4.34% | -16.27% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -3.23% | -2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.65% | 3.42% | +4.23% |
Volatility
INAI.TO vs. EQL.TO - Volatility Comparison
Invesco Morningstar Global Next Gen AI Index ETF (INAI.TO) has a higher volatility of 8.38% compared to Invesco S&P 500 Equal Weight Index ETF CAD (EQL.TO) at 4.61%. This indicates that INAI.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.
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Volatility by Period
| INAI.TO | EQL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.38% | 4.61% | +3.77% |
Volatility (6M)Calculated over the trailing 6-month period | 19.12% | 9.37% | +9.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.26% | 17.59% | +10.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.03% | 14.51% | +12.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.03% | 17.46% | +9.57% |