EQAL vs SPY
Comparison between INVESCO RUSSELL 1000 EQUAL WEIGHT ETF (EQAL, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed EQAL, delivering a return of +13.3% compared to +6.6%
EQAL vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
EQAL
$797M
Winner
SPY
$735B
Expense Ratio
EQAL
0.20%
Winner
SPY
0.09%
Max Drawdown
Winner
EQAL
40.90%
SPY
56.47%
Sharpe Ratio
EQAL
1.46
Winner
SPY
1.62
5Y Beta
Winner
EQAL
0.82
SPY
1.00
P/E Ratio
Winner
EQAL
28.98
SPY
28.99
Forward P/E
Winner
EQAL
15.99
SPY
22.37
5Y Dividends CAGR
Winner
EQAL
7.46%
SPY
5.43%
5Y EPS CAGR
EQAL
11.67%
Winner
SPY
26.05%
Debt to Equity
EQAL
54.69%
Winner
SPY
32.40%
P/S Ratio
Winner
EQAL
1.56
SPY
3.74
P/B Ratio
Winner
EQAL
2.63
SPY
5.61
EQAL vs SPY - Holdings Comparison
EQAL and SPY have 492 common holdings. Overlap is 29.08%
EQAL's top 25 holdings weight is 12.09%. SPY's top 25 holdings weight is 52.37%.
| Rank | EQAL | SPY |
|---|---|---|
| #1 | CIENA CORP (CIEN) - 0.83% | NVIDIA CORP (NVDA) - 8.10% |
| #2 | IRIDIUM COMMUNICATIONS INC (IRDM) - 0.81% | APPLE INC (AAPL) - 7.02% |
| #3 | LUMENTUM HOLDINGS INC (LITE) - 0.78% | MICROSOFT CORP (MSFT) - 4.79% |
| #4 | ROKU INC CLASS A (ROKU) - 0.65% | AMAZON.COM INC (AMZN) - 4.02% |
| #5 | CISCO SYSTEMS INC (CSCO) - 0.62% | ALPHABET INC CLASS A (GOOGL) - 3.51% |
| #6 | MILLICOM INTERNATIONAL CELLULAR SA (TIGO) - 0.55% | BROADCOM INC (AVGO) - 3.10% |
| #7 | ARISTA NETWORKS INC (ANET) - 0.51% | ALPHABET INC CLASS C (GOOG) - 2.79% |
| #8 | VALERO ENERGY CORP (VLO) - 0.48% | META PLATFORMS INC CLASS A (META) - 2.08% |
| #9 | LINDE PLC (LIN) - 0.48% | TESLA INC (TSLA) - 1.89% |
| #10 | DEVON ENERGY CORP (DVN) - 0.47% | MICRON TECHNOLOGY INC (MU) - 1.56% |
| #11 | VERIZON COMMUNICATIONS INC (VZ) - 0.46% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37% |
| #12 | UBIQUITI INC (UI) - 0.45% | ELI LILLY AND CO (LLY) - 1.31% |
| #13 | AT&T INC (T) - 0.45% | JPMORGAN CHASE & CO (JPM) - 1.28% |
| #14 | n/a (LBTYA) - 0.45% | ADVANCED MICRO DEVICES INC (AMD) - 1.27% |
| #15 | T-MOBILE US INC (TMUS) - 0.44% | EXXON MOBIL CORP (XOM) - 0.97% |
| #16 | MOTOROLA SOLUTIONS INC (MSI) - 0.41% | INTEL CORP (INTC) - 0.90% |
| #17 | COMCAST CORP CLASS A (CMCSA) - 0.40% | JOHNSON & JOHNSON (JNJ) - 0.86% |
| #18 | n/a (ASTS) - 0.40% | VISA INC CLASS A (V) - 0.85% |
| #19 | APELLIS PHARMACEUTICALS INC (n/a) - 0.38% | WALMART INC (WMT) - 0.81% |
| #20 | SOUTHERN CO (SO) - 0.38% | CISCO SYSTEMS INC (CSCO) - 0.72% |
| #21 | n/a (GLIBK) - 0.37% | COSTCO WHOLESALE CORP (COST) - 0.69% |
| #22 | ELEMENT SOLUTIONS INC (ESI) - 0.34% | CATERPILLAR INC (CAT) - 0.66% |
| #23 | CHARTER COMMUNICATIONS INC CLASS A (CHTR) - 0.33% | MASTERCARD INC CLASS A (MA) - 0.62% |
| #24 | n/a (LBRDK) - 0.33% | LAM RESEARCH CORP (LRCX) - 0.62% |
| #25 | NUCOR CORP (NUE) - 0.32% | ABBVIE INC (ABBV) - 0.58% |
| Total Holdings | 989 | 505 |
EQAL vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
EQAL
+0.02%
Winner
SPY
+1.90%
3M
EQAL
+3.17%
Winner
SPY
+8.55%
6M
Winner
EQAL
+11.06%
SPY
+8.18%
1Y
EQAL
+23.48%
Winner
SPY
+25.79%
5Y(CAGR)
EQAL
+6.60%
Winner
SPY
+13.32%
10Y(CAGR)
EQAL
+10.42%
Winner
SPY
+15.19%
Max(CAGR)
Winner
EQAL
+9.33%
SPY
+8.47%
EQAL vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | EQAL | SPY |
|---|---|---|
| 2026 | +10.06% | +8.26% |
| 2025 | +10.92% | +18.00% |
| 2024 | +11.35% | +25.59% |
| 2023 | +12.68% | +26.72% |
| 2022 | -13.79% | -18.64% |
| 2021 | +25.06% | +30.52% |
| 2020 | +16.63% | +17.28% |
| 2019 | +24.49% | +31.09% |
| 2018 | -9.84% | -5.24% |
| 2017 | +16.44% | +20.78% |
| 2016 | +17.29% | +13.59% |
| 2015 | -3.68% | +1.31% |
| 2014 | -0.55% | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
EQAL vs SPY Drawdown Comparison
The maximum drawdown for EQAL was -40.42%, occurring on Mar 23, 2020. Recovery took 186 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current EQAL drawdown is -1.89%. The current SPY drawdown is -2.90%.
| Rank | EQAL | SPY |
|---|---|---|
| #1 | -40.42% Jan 16, 2020 - Oct 12, 2020 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -21.80% Nov 15, 2021 - Mar 27, 2024 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -21.01% Sep 21, 2018 - Jul 24, 2019 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -20.41% May 21, 2015 - Jul 12, 2016 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -19.63% Nov 29, 2024 - Aug 22, 2025 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -10.08% Jan 26, 2018 - Jul 9, 2018 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -7.42% Jul 24, 2019 - Nov 15, 2019 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -6.67% Mar 2, 2026 - Apr 16, 2026 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -6.35% Oct 12, 2020 - Nov 5, 2020 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -6.19% Mar 28, 2024 - Jul 16, 2024 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -6.04% Aug 23, 2016 - Nov 21, 2016 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -5.79% Oct 27, 2025 - Dec 10, 2025 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -5.66% Jul 31, 2024 - Aug 23, 2024 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -5.51% Jun 11, 2021 - Aug 27, 2021 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -5.04% Dec 29, 2014 - Feb 12, 2015 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between EQAL and SPY is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
Dividend Comparison (1999 - 2026)
EQAL vs SPY dividend yield comparison.
| Year | EQAL | SPY |
|---|---|---|
| 2026 | 0.43% | 0.24% |
| 2025 | 1.79% | 1.07% |
| 2024 | 1.62% | 1.21% |
| 2023 | 1.88% | 1.40% |
| 2022 | 1.95% | 1.65% |
| 2021 | 1.32% | 1.20% |
| 2020 | 1.63% | 1.52% |
| 2019 | 1.61% | 1.75% |
| 2018 | 1.63% | 2.04% |
| 2017 | 1.18% | 1.80% |
| 2016 | 1.57% | 2.03% |
| 2015 | 1.64% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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