POWA vs. EQL

Last updated Aug 2, 2026

POWA (Invesco Bloomberg Pricing Power ETF) and EQL (ALPS Equal Sector Weight ETF) are both Large Cap Blend Equities funds - POWA tracks the Bloomberg Pricing Power Index while EQL tracks the NYSE Equal Sector Weight Index. Both are passively managed. Over the past 10 years, POWA returned 10.13%/yr vs 12.39%/yr for EQL. Their correlation of 0.85 means they have usually moved in the same direction. POWA charges 0.40%/yr vs 0.27%/yr for EQL.

Performance

POWA vs. EQL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Bloomberg Pricing Power ETF (POWA) and ALPS Equal Sector Weight ETF (EQL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, POWA achieves a 0.99% return, which is significantly lower than EQL's 10.71% return. Over the past 10 years, POWA has underperformed EQL with an annualized return of 10.13%, while EQL has yielded a comparatively higher 12.39% annualized return.

POWA

• 1D: -0.23%
• 1M: 1.49%
• 6M: -1.12%
• YTD: 0.99%
• 1Y: 4.85%
• 3Y*: 10.31%
• 5Y*: 7.06%
• 10Y*: 10.13%
• ALL TIME*: 8.65%

EQL

• 1D: 0.57%
• 1M: 0.31%
• 6M: 6.82%
• YTD: 10.71%
• 1Y: 18.34%
• 3Y*: 14.59%
• 5Y*: 10.63%
• 10Y*: 12.39%
• ALL TIME*: 13.49%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EQL ALPS Equal Sector Weight ETF	$3.33M	$2.84M	$2.70M
POWA Invesco Bloomberg Pricing Power ETF	$229.23K	$296.08K	$400.22K

POWA vs. EQL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
POWA Invesco Bloomberg Pricing Power ETF	0.99%	11.71%	13.18%	10.58%	-7.67%	24.93%	7.61%	27.98%	-3.96%	21.52%
EQL ALPS Equal Sector Weight ETF	10.71%	13.09%	16.44%	16.87%	-10.72%	29.32%	10.87%	27.87%	-6.12%	18.37%

Correlation

The correlation between POWA and EQL is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.77
Correlation (3Y) Balances recent behavior with more history.	0.86
Correlation (5Y) Shows whether the relationship held over a longer period.	0.88
Correlation (10Y) Provides a long-term view across more market conditions.	0.87
Correlation (All Time) Calculated using the full available price history since Jul 7, 2009	0.85

The correlation between POWA and EQL shifts across timeframes, from 0.77 (1 year) to 0.88 (5 years), reflecting how their relationship changes across market environments.

POWA vs. EQL - Sectors Allocation Comparison

Sectors	POWA	EQL
Technology	23.0%	10.2%
Industrials	19.6%	9.3%
Consumer Defensive	17.9%	8.8%
Healthcare	17.4%	9.4%
Consumer Cyclical	16.1%	9.6%
Communication Services	2.1%	8.9%
Real Estate	2.0%	8.7%
Financial Services	1.9%	9.1%
Basic Materials	-	8.0%
Energy	-	8.7%
Utilities	-	9.4%

Return for Risk

POWA vs. EQL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

POWA

POWA Risk / Return Rank: 18
POWA Sharpe Ratio Rank: 19
POWA Sortino Ratio Rank: 19
POWA Omega Ratio Rank: 18
POWA Calmar Ratio Rank: 19
POWA Martin Ratio Rank: 18

EQL

EQL Risk / Return Rank: 79
EQL Sharpe Ratio Rank: 80
EQL Sortino Ratio Rank: 79
EQL Omega Ratio Rank: 78
EQL Calmar Ratio Rank: 78
EQL Martin Ratio Rank: 82

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

POWA vs. EQL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Pricing Power ETF (POWA) 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.

	POWA	EQL	Difference
Sharpe ratio: Return per unit of total volatility	0.36	1.82	-1.46
Sortino ratio: Return per unit of downside risk	0.63	2.54	-1.92
Omega ratio: Gain probability vs. loss probability	1.07	1.33	-0.26
Calmar ratio: Return relative to maximum drawdown	0.45	2.78	-2.33
Martin ratio: Return relative to average drawdown	1.03	10.89	-9.86

POWA vs. EQL - Sharpe Ratio Comparison

The current POWA Sharpe Ratio is 0.36, which is lower than the EQL Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of POWA and EQL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

POWA vs. EQL - Drawdown Comparison

The maximum POWA drawdown since its inception was -47.91%, which is greater than EQL's maximum drawdown of -35.65%. Use the drawdown chart below to compare losses from any high point for POWA and EQL.

Drawdown Indicators

	POWA	EQL	Difference
Max Drawdown Largest peak-to-trough decline	-47.91%	-35.65%	-12.26%
Max Drawdown (1Y) Largest decline over 1 year	-9.76%	-6.19%	-3.57%
Max Drawdown (3Y) Largest decline over 3 years	-15.00%	-15.07%	+0.07%
Max Drawdown (5Y) Largest decline over 5 years	-17.75%	-19.24%	+1.49%
Max Drawdown (10Y) Largest decline over 10 years	-36.53%	-35.65%	-0.88%
Current Drawdown Current decline from peak	-3.30%	-0.27%	-3.03%
Average Drawdown Average peak-to-trough decline	-6.23%	-3.23%	-3.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.24%	1.58%	+2.66%

Volatility

POWA vs. EQL - Volatility Comparison

Invesco Bloomberg Pricing Power ETF (POWA) has a higher volatility of 3.98% compared to ALPS Equal Sector Weight ETF (EQL) at 2.23%. This indicates that POWA'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.

Volatility by Period

	POWA	EQL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	2.23%	+1.75%
Volatility (6M) Calculated over the trailing 6-month period	9.16%	7.03%	+2.13%
Volatility (1Y) Calculated over the trailing 1-year period	12.11%	9.50%	+2.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.99%	14.51%	-0.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.07%	16.49%	-0.42%

POWA vs. EQL - Expense Ratio Comparison

POWA has a 0.40% expense ratio, which is higher than EQL's 0.27% expense ratio.

Dividends

POWA vs. EQL - Dividend Comparison

POWA's dividend yield for the trailing twelve months is around 0.93%, less than EQL's 1.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EQL ALPS Equal Sector Weight ETF	1.35%	1.73%	1.78%	1.96%	2.14%	1.69%	2.29%	1.95%	2.39%	1.97%	2.89%	2.07%
POWA Invesco Bloomberg Pricing Power ETF	0.93%	0.94%	0.79%	1.60%	1.48%	1.06%	1.34%	1.16%	1.39%	1.63%	2.18%	3.31%

Frequently Asked Questions

Can I hold both POWA and EQL in my portfolio?

POWA and EQL have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, POWA or EQL?

POWA has higher volatility (3.98%) compared to EQL (2.23%). In terms of maximum drawdown, POWA dropped -47.91% vs EQL's -35.65%.

Which ETF is better, POWA or EQL?

On 10-year performance, EQL leads with 12.39% vs 10.13% for POWA. On fees, EQL is cheaper at 0.27% per year. On volatility, EQL has been the lower-risk option at 2.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, POWA or EQL?

Over the 10-year period, EQL has performed better with a 12.39% return vs 10.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, POWA or EQL?

EQL is cheaper with a 0.27% expense ratio, compared with 0.40% for POWA.

Which ETF pays a higher dividend yield, POWA or EQL?

EQL has the higher dividend yield at 1.35%, compared with 0.93% for POWA.

What is the main difference between POWA and EQL?

POWA tracks Bloomberg Pricing Power Index, while EQL tracks NYSE Equal Sector Weight Index. They also come from different issuers: Invesco and SS&C. Their fees differ too: 0.40% for POWA and 0.27% for EQL.

Which has better risk-adjusted returns?

EQL currently has the higher Sharpe Ratio (1.82 vs 0.36), 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.