TEQI vs. EQWL
Compare and contrast key facts about T. Rowe Price Equity Income ETF (TEQI) and Invesco S&P 100 Equal Weight ETF (EQWL).
TEQI and EQWL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TEQI is an actively managed fund by T. Rowe Price Group, Inc.. It was launched on Aug 4, 2020. 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: TEQI or EQWL.
Key characteristics
| TEQI | EQWL | |
|---|---|---|
| YTD Return | 8.02% | 6.52% |
| 1Y Return | 19.95% | 22.15% |
| 3Y Return (Ann) | 5.84% | 7.28% |
| Sharpe Ratio | 1.79 | 2.10 |
| Daily Std Dev | 10.94% | 10.56% |
| Max Drawdown | -17.82% | -49.36% |
| Current Drawdown | -0.96% | -2.20% |
Correlation
The correlation between TEQI and EQWL is 0.93, 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.
Performance
TEQI vs. EQWL - Performance Comparison
In the year-to-date period, TEQI achieves a 8.02% return, which is significantly higher than EQWL's 6.52% 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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TEQI vs. EQWL - Expense Ratio Comparison
TEQI has a 0.54% expense ratio, which is higher than EQWL's 0.25% expense ratio.
Risk-Adjusted Performance
TEQI vs. EQWL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Equity Income ETF (TEQI) 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
TEQI vs. EQWL - Dividend Comparison
TEQI's dividend yield for the trailing twelve months is around 1.96%, more than EQWL's 1.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TEQI T. Rowe Price Equity Income ETF | 1.96% | 2.12% | 2.32% | 3.03% | 0.82% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EQWL Invesco S&P 100 Equal Weight ETF | 1.89% | 1.97% | 2.12% | 1.65% | 2.01% | 2.04% | 2.23% | 1.27% | 2.01% | 2.03% | 1.74% | 1.61% |
Drawdowns
TEQI vs. EQWL - Drawdown Comparison
The maximum TEQI drawdown since its inception was -17.82%, smaller than the maximum EQWL drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for TEQI and EQWL. For additional features, visit the drawdowns tool.
Volatility
TEQI vs. EQWL - Volatility Comparison
T. Rowe Price Equity Income ETF (TEQI) and Invesco S&P 100 Equal Weight ETF (EQWL) have volatilities of 3.12% and 3.13%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.