IUS vs. EQL
IUS (Invesco RAFI Strategic US ETF) and EQL (ALPS Equal Sector Weight ETF) are both Large Cap Blend Equities funds - IUS tracks the Invesco Strategic US Index while EQL tracks the NYSE Equal Sector Weight Index. Both are passively managed. Over the past 5 years, IUS returned 14.64%/yr vs 10.87%/yr for EQL. Their correlation of 0.89 means they have usually moved in the same direction. IUS charges 0.19%/yr vs 0.27%/yr for EQL.
Performance
IUS vs. EQL - Performance Comparison
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Returns By Period
In the year-to-date period, IUS achieves a 20.93% return, which is significantly higher than EQL's 11.79% return.
IUS
- 1D
- 1.02%
- 1M
- 3.33%
- 6M
- 15.45%
- YTD
- 20.93%
- 1Y
- 36.15%
- 3Y*
- 20.44%
- 5Y*
- 14.64%
- 10Y*
- —
- ALL TIME*
- 15.64%
EQL
- 1D
- 0.98%
- 1M
- 1.30%
- 6M
- 7.57%
- YTD
- 11.79%
- 1Y
- 19.50%
- 3Y*
- 15.68%
- 5Y*
- 10.87%
- 10Y*
- 12.40%
- ALL TIME*
- 13.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.24M | $2.89M | $2.73M | |
| $4.63M | $3.51M | $3.40M |
IUS vs. EQL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IUS Invesco RAFI Strategic US ETF | 20.93% | 16.94% | 16.51% | 20.79% | -8.34% | 32.17% | 15.09% | 29.34% | -12.28% |
EQL ALPS Equal Sector Weight ETF | 11.79% | 13.09% | 16.44% | 16.87% | -10.72% | 29.32% | 10.87% | 27.87% | -11.67% |
Correlation
The correlation between IUS and EQL is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2018 | 0.89 |
The correlation between IUS and EQL has been stable across timeframes, ranging from 0.88 to 0.95 - a consistent structural relationship.
IUS vs. EQL - Sectors Allocation Comparison
Sectors
IUS
EQL
Technology
Healthcare
Communication Services
Consumer Cyclical
Financial Services
Industrials
Energy
Consumer Defensive
Basic Materials
Utilities
Real Estate
Technology
IUS
EQL
Healthcare
IUS
EQL
Communication Services
IUS
EQL
Consumer Cyclical
IUS
EQL
Financial Services
IUS
EQL
Industrials
IUS
EQL
Energy
IUS
EQL
Consumer Defensive
IUS
EQL
Basic Materials
IUS
EQL
Utilities
IUS
EQL
Real Estate
IUS
EQL
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Return for Risk
IUS vs. EQL — Risk / Return Rank
IUS
EQL
IUS vs. EQL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco RAFI Strategic US ETF (IUS) and ALPS Equal Sector Weight ETF (EQL). 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.
| IUS | EQL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.36 | ||
| Sortino ratioReturn per unit of downside risk | +1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.38 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 5.91 | 3.16 | +2.74 |
| Martin ratioReturn relative to average drawdown | 25.15 | 12.39 | +12.76 |
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Drawdowns
IUS vs. EQL - Drawdown Comparison
The maximum IUS drawdown since its inception was -34.67%, roughly equal to the maximum EQL drawdown of -35.65%. Use the drawdown chart below to compare losses from any high point for IUS and EQL.
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Drawdown Indicators
| IUS | EQL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.67% | -35.65% | +0.98% |
Max Drawdown (1Y)Largest decline over 1 year | -6.15% | -6.19% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -15.61% | -15.07% | -0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -18.72% | -19.24% | +0.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.65% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.80% | -3.23% | -0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 1.58% | -0.14% |
Volatility
IUS vs. EQL - Volatility Comparison
Invesco RAFI Strategic US ETF (IUS) has a higher volatility of 2.60% compared to ALPS Equal Sector Weight ETF (EQL) at 2.29%. This indicates that IUS's price experiences larger fluctuations and is considered to be riskier than EQL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUS | EQL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | 2.29% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 7.92% | 7.09% | +0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.60% | 9.47% | +1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.99% | 14.52% | +0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.92% | 16.49% | +1.43% |
IUS vs. EQL - Expense Ratio Comparison
IUS has a 0.19% expense ratio, which is lower than EQL's 0.27% 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
IUS vs. EQL - Dividend Comparison
IUS's dividend yield for the trailing twelve months is around 1.23%, less than EQL's 1.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQL ALPS Equal Sector Weight ETF | 1.34% | 1.73% | 1.78% | 1.96% | 2.14% | 1.69% | 2.29% | 1.95% | 2.39% | 1.97% | 2.89% | 2.07% |
IUS Invesco RAFI Strategic US ETF | 1.23% | 1.48% | 1.52% | 1.72% | 1.78% | 1.46% | 1.74% | 1.77% | 0.73% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IUS and EQL have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IUS has higher volatility (2.60%) compared to EQL (2.29%). In terms of maximum drawdown, IUS dropped -34.67% vs EQL's -35.65%.
On 5-year performance, IUS leads with 14.64% vs 10.87% for EQL. On fees, IUS is cheaper at 0.19% per year. On volatility, EQL has been the lower-risk option at 2.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IUS has performed better with a 14.64% return vs 10.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IUS is cheaper with a 0.19% expense ratio, compared with 0.27% for EQL.
EQL has the higher dividend yield at 1.34%, compared with 1.23% for IUS.
IUS tracks Invesco Strategic US Index, while EQL tracks NYSE Equal Sector Weight Index. They also come from different issuers: Invesco and SS&C. Their fees differ too: 0.19% for IUS and 0.27% for EQL.
IUS currently has the higher Sharpe Ratio (3.43 vs 2.07), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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