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IWB vs. EQAL
Performance
Return for Risk
Dividends
Drawdowns
Volatility

IWB vs. EQAL

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Russell 1000 ETF (IWB) and Invesco Russell 1000 Equal Weight ETF (EQAL).

IWB and EQAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWB is a passively managed fund by iShares that tracks the performance of the Russell 1000 Index. It was launched on May 15, 2000. EQAL is a passively managed fund by Invesco that tracks the performance of the Russell 1000 Equal Weight Index. It was launched on Dec 23, 2014. Both IWB and EQAL 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

IWB vs. EQAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell 1000 ETF (IWB) and Invesco Russell 1000 Equal Weight ETF (EQAL). The values are adjusted to include any dividend payments, if applicable.

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IWB vs. EQAL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IWB
iShares Russell 1000 ETF		-3.54%17.18%24.32%26.39%-19.19%26.32%20.77%31.06%-4.90%21.52%
EQAL
Invesco Russell 1000 Equal Weight ETF		5.48%11.05%11.38%11.98%-13.49%23.14%16.57%24.54%-9.22%17.36%

Returns By Period

In the year-to-date period, IWB achieves a -3.54% return, which is significantly lower than EQAL's 5.48% return. Over the past 10 years, IWB has outperformed EQAL with an annualized return of 13.82%, while EQAL has yielded a comparatively lower 10.39% annualized return.

IWB

1D
0.79%
1M
-4.37%
YTD
-3.54%
6M
-1.52%
1Y
17.98%
3Y*
18.26%
5Y*
11.07%
10Y*
13.82%

EQAL

1D
0.31%
1M
-4.00%
YTD
5.48%
6M
6.68%
1Y
18.85%
3Y*
12.43%
5Y*
6.80%
10Y*
10.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Russell 1000 ETF

Invesco Russell 1000 Equal Weight ETF

Often compared with IWB:
IWB vs. IWMIWB vs. SPYIWB vs. VONEIWB vs. IWDIWB vs. VOOIWB vs. IWVIWB vs. VTI
Often compared with EQAL:
EQAL vs. RSPEQAL vs. SPYEQAL vs. IWMEQAL vs. XLGEQAL vs. FSPGXEQAL vs. VONGEQAL vs. EQQQ.DE

IWB vs. EQAL - Expense Ratio Comparison

IWB has a 0.15% expense ratio, which is lower than EQAL's 0.20% 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%.

EQAL
Invesco Russell 1000 Equal Weight ETF
IWB
iShares Russell 1000 ETF

Return for Risk

IWB vs. EQAL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IWB
IWB Risk / Return Rank: 5858
Overall Rank
IWB Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
IWB Sortino Ratio Rank: 5555
Sortino Ratio Rank
IWB Omega Ratio Rank: 5959
Omega Ratio Rank
IWB Calmar Ratio Rank: 5656
Calmar Ratio Rank
IWB Martin Ratio Rank: 6868
Martin Ratio Rank
EQAL
EQAL Risk / Return Rank: 5757
Overall Rank
EQAL Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
EQAL Sortino Ratio Rank: 5858
Sortino Ratio Rank
EQAL Omega Ratio Rank: 5858
Omega Ratio Rank
EQAL Calmar Ratio Rank: 5151
Calmar Ratio Rank
EQAL Martin Ratio Rank: 6262
Martin Ratio Rank
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.

IWB vs. EQAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell 1000 ETF (IWB) and Invesco Russell 1000 Equal Weight ETF (EQAL). 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.

IWBEQALDifference

Sharpe ratio

Return per unit of total volatility

0.98

1.05

-0.06

Sortino ratio

Return per unit of downside risk

1.50

1.54

-0.04

Omega ratio

Gain probability vs. loss probability

1.23

1.23

0.00

Calmar ratio

Return relative to maximum drawdown

1.51

1.41

+0.10

Martin ratio

Return relative to average drawdown

7.11

6.59

+0.52

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWB vs. EQAL - Sharpe Ratio Comparison

The current IWB Sharpe Ratio is 0.98, which is comparable to the EQAL Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of IWB and EQAL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

IWBEQALDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.98

1.05

-0.06

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.65

0.40

+0.25

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.76

0.55

+0.21

Sharpe Ratio (All Time)

Calculated using the full available price history

0.42

0.48

-0.06

Correlation

The correlation between IWB and EQAL is 0.87, 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.

Dividends

IWB vs. EQAL - Dividend Comparison

IWB's dividend yield for the trailing twelve months is around 1.05%, less than EQAL's 1.75% yield.

TTM20252024202320222021202020192018201720162015
IWB
iShares Russell 1000 ETF		1.05%1.00%1.14%1.31%1.56%1.09%1.37%1.71%2.06%1.64%1.89%1.95%
EQAL
Invesco Russell 1000 Equal Weight ETF		1.75%1.79%1.62%1.88%1.95%1.32%1.63%1.61%1.62%1.18%1.57%1.64%

Drawdowns

IWB vs. EQAL - Drawdown Comparison

The maximum IWB drawdown since its inception was -55.38%, which is greater than EQAL's maximum drawdown of -40.44%. Use the drawdown chart below to compare losses from any high point for IWB and EQAL.

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Drawdown Indicators

IWBEQALDifference

Max Drawdown

Largest peak-to-trough decline

-55.38%

-40.44%

-14.94%

Max Drawdown (1Y)

Largest decline over 1 year

-12.21%

-13.61%

+1.40%

Max Drawdown (5Y)

Largest decline over 5 years

-25.20%

-21.79%

-3.41%

Max Drawdown (10Y)

Largest decline over 10 years

-34.60%

-40.44%

+5.84%

Current Drawdown

Current decline from peak

-5.53%

-4.00%

-1.53%

Average Drawdown

Average peak-to-trough decline

-10.92%

-5.15%

-5.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.59%

2.91%

-0.32%

Volatility

IWB vs. EQAL - Volatility Comparison

iShares Russell 1000 ETF (IWB) has a higher volatility of 5.38% compared to Invesco Russell 1000 Equal Weight ETF (EQAL) at 4.75%. This indicates that IWB's price experiences larger fluctuations and is considered to be riskier than EQAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IWBEQALDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.38%

4.75%

+0.63%

Volatility (6M)

Calculated over the trailing 6-month period

9.58%

9.52%

+0.06%

Volatility (1Y)

Calculated over the trailing 1-year period

18.34%

18.05%

+0.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.11%

17.29%

-0.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.12%

18.89%

-0.77%