IVZ vs. EQWL
Compare and contrast key facts about Invesco Ltd. (IVZ) and Invesco S&P 100 Equal Weight ETF (EQWL).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IVZ or EQWL.
Key characteristics
| IVZ | EQWL | |
|---|---|---|
| YTD Return | -9.02% | 8.77% |
| 1Y Return | 9.43% | 24.35% |
| 3Y Return (Ann) | -12.62% | 8.33% |
| 5Y Return (Ann) | -0.66% | 13.83% |
| 10Y Return (Ann) | -3.78% | 12.42% |
| Sharpe Ratio | 0.27 | 2.31 |
| Daily Std Dev | 32.04% | 10.46% |
| Max Drawdown | -90.60% | -49.36% |
| Current Drawdown | -70.10% | -0.29% |
Correlation
The correlation between IVZ and EQWL is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IVZ vs. EQWL - Performance Comparison
In the year-to-date period, IVZ achieves a -9.02% return, which is significantly lower than EQWL's 8.77% return. Over the past 10 years, IVZ has underperformed EQWL with an annualized return of -3.78%, while EQWL has yielded a comparatively higher 12.42% annualized return. 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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Risk-Adjusted Performance
IVZ vs. EQWL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Ltd. (IVZ) and Invesco S&P 100 Equal Weight ETF (EQWL). 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
IVZ vs. EQWL - Dividend Comparison
IVZ's dividend yield for the trailing twelve months is around 5.02%, more than EQWL's 1.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVZ Invesco Ltd. | 5.02% | 4.41% | 4.07% | 2.89% | 4.45% | 6.84% | 7.11% | 3.15% | 3.66% | 3.17% | 2.47% | 2.33% |
EQWL Invesco S&P 100 Equal Weight ETF | 1.86% | 1.97% | 2.12% | 1.65% | 2.01% | 2.04% | 2.23% | 1.27% | 2.01% | 2.03% | 1.74% | 1.61% |
Drawdowns
IVZ vs. EQWL - Drawdown Comparison
The maximum IVZ drawdown since its inception was -90.60%, which is greater than EQWL's maximum drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for IVZ and EQWL. For additional features, visit the drawdowns tool.
Volatility
IVZ vs. EQWL - Volatility Comparison
Invesco Ltd. (IVZ) has a higher volatility of 9.38% compared to Invesco S&P 100 Equal Weight ETF (EQWL) at 2.38%. This indicates that IVZ's price experiences larger fluctuations and is considered to be riskier than EQWL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.