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 +13.0% compared to +7.5%
EQAL vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
EQAL
$808M
Winner
SPY
$781B
Expense Ratio
EQAL
0.20%
Winner
SPY
0.09%
Max Drawdown
Winner
EQAL
40.90%
SPY
56.47%
Sharpe Ratio
EQAL
1.22
Winner
SPY
1.25
5Y Beta
Winner
EQAL
0.81
SPY
1.00
P/E Ratio
EQAL
29.51
Winner
SPY
28.78
Forward P/E
Winner
EQAL
16.24
SPY
21.23
5Y Dividends CAGR
Winner
EQAL
7.82%
SPY
6.00%
5Y EPS CAGR
EQAL
11.27%
Winner
SPY
25.62%
Debt to Equity
EQAL
49.77%
Winner
SPY
31.92%
P/S Ratio
Winner
EQAL
1.58
SPY
3.76
P/B Ratio
Winner
EQAL
2.66
SPY
5.64
EQAL vs SPY - Holdings Comparison
EQAL and SPY have 494 common holdings. Overlap is 29.28%
EQAL's top 25 holdings weight is 11.36%. SPY's top 25 holdings weight is 51.74%.
| Rank | EQAL | SPY |
|---|---|---|
| #1 | IRIDIUM COMMUNICATIONS INC (IRDM) - 0.89% | NVIDIA CORP (NVDA) - 7.89% |
| #2 | CISCO SYSTEMS INC (CSCO) - 0.73% | APPLE INC (AAPL) - 7.37% |
| #3 | LUMENTUM HOLDINGS INC (LITE) - 0.67% | MICROSOFT CORP (MSFT) - 4.50% |
| #4 | CIENA CORP (CIEN) - 0.62% | AMAZON.COM INC (AMZN) - 3.82% |
| #5 | MILLICOM INTERNATIONAL CELLULAR SA (TIGO) - 0.60% | ALPHABET INC CLASS A (GOOGL) - 3.33% |
| #6 | ROKU INC CLASS A (ROKU) - 0.59% | BROADCOM INC (AVGO) - 2.86% |
| #7 | ARISTA NETWORKS INC (ANET) - 0.54% | ALPHABET INC CLASS C (GOOG) - 2.68% |
| #8 | n/a (ASTS) - 0.48% | META PLATFORMS INC CLASS A (META) - 2.29% |
| #9 | n/a (LBTYA) - 0.46% | TESLA INC (TSLA) - 1.70% |
| #10 | DEVON ENERGY CORP (DVN) - 0.46% | MICRON TECHNOLOGY INC (MU) - 1.56% |
| #11 | VERIZON COMMUNICATIONS INC (VZ) - 0.45% | JPMORGAN CHASE & CO (JPM) - 1.42% |
| #12 | MOTOROLA SOLUTIONS INC (MSI) - 0.43% | ELI LILLY AND CO (LLY) - 1.40% |
| #13 | T-MOBILE US INC (TMUS) - 0.42% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37% |
| #14 | AT&T INC (T) - 0.41% | ADVANCED MICRO DEVICES INC (AMD) - 1.32% |
| #15 | COMCAST CORP CLASS A (CMCSA) - 0.38% | EXXONMOBIL HOLDINGS CORP (XOM) - 0.92% |
| #16 | UBIQUITI INC (UI) - 0.36% | JOHNSON & JOHNSON (JNJ) - 0.91% |
| #17 | STEEL DYNAMICS INC (STLD) - 0.35% | VISA INC CLASS A (V) - 0.90% |
| #18 | NUCOR CORP (NUE) - 0.34% | WALMART INC (WMT) - 0.76% |
| #19 | CARPENTER TECHNOLOGY CORP (CRS) - 0.32% | INTEL CORP (INTC) - 0.75% |
| #20 | CLEVELAND-CLIFFS INC (CLF) - 0.32% | APPLIED MATERIALS INC (AMAT) - 0.70% |
| #21 | NEWMARKET CORP (NEU) - 0.32% | CISCO SYSTEMS INC (CSCO) - 0.68% |
| #22 | CHARTER COMMUNICATIONS INC CLASS A (CHTR) - 0.31% | MASTERCARD INC CLASS A (MA) - 0.66% |
| #23 | n/a (LBRDK) - 0.31% | ABBVIE INC (ABBV) - 0.66% |
| #24 | ELEMENT SOLUTIONS INC (ESI) - 0.30% | CATERPILLAR INC (CAT) - 0.65% |
| #25 | RELIANCE INC (RS) - 0.30% | LAM RESEARCH CORP (LRCX) - 0.64% |
| Total Holdings | 993 | 505 |
EQAL vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
EQAL
+1.42%
SPY
+0.52%
3M
EQAL
+2.01%
Winner
SPY
+6.55%
6M
EQAL
+8.18%
Winner
SPY
+9.76%
1Y
EQAL
+20.05%
Winner
SPY
+20.32%
5Y(CAGR)
EQAL
+7.45%
Winner
SPY
+13.01%
10Y(CAGR)
EQAL
+10.43%
Winner
SPY
+15.06%
Max(CAGR)
Winner
EQAL
+9.41%
SPY
+8.50%
EQAL vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | EQAL | SPY |
|---|---|---|
| 2026 | +12.30% | +10.11% |
| 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 -0.64%. The current SPY drawdown is -1.24%.
| 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 | 0.84% | 0.49% |
| 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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