STRN vs. EQWL
STRN (SMART Trend ETF) and EQWL (Invesco S&P 100 Equal Weight ETF) are both exchange-traded funds - STRN is a Actively Managed fund actively managed by SmartWay, while EQWL is a Large Cap Blend Equities fund tracking the S&P 100 Equal Weight Index. STRN is actively managed, while EQWL is passively managed. Their 0.55 correlation means they have sometimes moved together and sometimes differently. STRN charges 0.59%/yr vs 0.25%/yr for EQWL.
Performance
STRN vs. EQWL - Performance Comparison
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Returns By Period
In the year-to-date period, STRN achieves a 12.18% return, which is significantly higher than EQWL's 10.84% return.
STRN
- 1D
- -3.25%
- 1M
- -12.14%
- 6M
- 5.42%
- YTD
- 12.18%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
EQWL
- 1D
- -1.15%
- 1M
- 0.50%
- 6M
- 9.23%
- YTD
- 10.84%
- 1Y
- 18.58%
- 3Y*
- 17.66%
- 5Y*
- 11.90%
- 10Y*
- 14.37%
- ALL TIME*
- 10.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.53M | $9.65M | $10.10M | |
STRN SMART Trend ETF | $226.09K | $345.87K | $328.83K |
STRN vs. EQWL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
STRN SMART Trend ETF | 12.18% | 10.48% |
EQWL Invesco S&P 100 Equal Weight ETF | 10.84% | 5.97% |
Correlation
The correlation between STRN and EQWL is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025 | 0.55 |
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Return for Risk
STRN vs. EQWL — Risk / Return Rank
STRN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EQWL
STRN vs. EQWL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SMART Trend ETF (STRN) 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.
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.
| STRN | EQWL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.31 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.40 | — |
| Martin ratioReturn relative to average drawdown | — | 10.17 | — |
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Drawdowns
STRN vs. EQWL - Drawdown Comparison
The maximum STRN drawdown since its inception was -15.43%, smaller than the maximum EQWL drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for STRN and EQWL.
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Drawdown Indicators
| STRN | EQWL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.43% | -49.36% | +33.93% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.76% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.95% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.99% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.30% | — |
Current DrawdownCurrent decline from peak | -14.33% | -1.15% | -13.18% |
Average DrawdownAverage peak-to-trough decline | -3.24% | -6.65% | +3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.84% | — |
Volatility
STRN vs. EQWL - Volatility Comparison
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Volatility by Period
| STRN | EQWL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.03% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.32% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 26.95% | 10.76% | +16.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.95% | 15.02% | +11.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.95% | 16.72% | +10.23% |
STRN vs. EQWL - Expense Ratio Comparison
STRN has a 0.59% expense ratio, which is higher than EQWL's 0.25% expense ratio.
Dividends
STRN vs. EQWL - Dividend Comparison
STRN's dividend yield for the trailing twelve months is around 0.16%, less than EQWL's 1.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQWL Invesco S&P 100 Equal Weight ETF | 1.57% | 1.67% | 1.86% | 1.97% | 2.12% | 1.65% | 2.01% | 2.04% | 2.23% | 1.27% | 2.01% | 2.03% |
STRN SMART Trend ETF | 0.16% | 0.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
STRN and EQWL have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EQWL is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EQWL is cheaper with a 0.25% expense ratio, compared with 0.59% for STRN.
EQWL has the higher dividend yield at 1.57%, compared with 0.16% for STRN.
STRN is categorized as Actively Managed, while EQWL is Large Cap Blend Equities. They also come from different issuers: SmartWay and Invesco. Their fees differ too: 0.59% for STRN and 0.25% for EQWL.
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