EQWL vs SPY
Comparison between INVESCO S&P 100 EQUAL WEIGHT ETF (EQWL, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed EQWL, delivering a return of +13.3% compared to +11.5%
EQWL vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
EQWL
$2.30B
Winner
SPY
$652B
Expense Ratio
EQWL
0.25%
Winner
SPY
0.09%
Max Drawdown
Winner
EQWL
50.05%
SPY
56.47%
Sharpe Ratio
EQWL
1.74
Winner
SPY
2.07
5Y Beta
Winner
EQWL
0.77
SPY
1.00
P/E Ratio
Winner
EQWL
23.55
SPY
28.24
Forward P/E
Winner
EQWL
18.32
SPY
21.85
PEG Ratio
EQWL
0.40
SPY
N/A
5Y Dividends CAGR
Winner
EQWL
7.91%
SPY
5.43%
5Y EPS CAGR
EQWL
13.49%
Winner
SPY
25.79%
Debt to Equity
EQWL
63.59%
Winner
SPY
22.35%
P/S Ratio
Winner
EQWL
2.73
SPY
3.55
P/B Ratio
Winner
EQWL
4.03
SPY
5.29
EQWL vs SPY - Holdings Comparison
EQWL and SPY have 102 common holdings. Overlap is 42.59%
EQWL's top 25 holdings weight is 28.38%. SPY's top 25 holdings weight is 51.32%.
| Rank | EQWL | SPY |
|---|---|---|
| #1 | ADVANCED MICRO DEVICES INC (AMD) - 1.36% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | INTEL CORP (INTC) - 1.36% | APPLE INC (AAPL) - 6.48% |
| #3 | UNITEDHEALTH GROUP INC (UNH) - 1.19% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | CITIGROUP INC (C) - 1.18% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | MORGAN STANLEY (MS) - 1.16% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | BROADCOM INC (AVGO) - 1.16% | BROADCOM INC (AVGO) - 3.09% |
| #7 | BANK OF NEW YORK MELLON CORP (BK) - 1.16% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | LAM RESEARCH CORP (LRCX) - 1.16% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | AMAZON.COM INC (AMZN) - 1.15% | TESLA INC (TSLA) - 1.73% |
| #10 | GE VERNOVA INC (GEV) - 1.15% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | TEXAS INSTRUMENTS INC (TXN) - 1.15% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | CISCO SYSTEMS INC (CSCO) - 1.13% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | CATERPILLAR INC (CAT) - 1.11% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | APPLIED MATERIALS INC (AMAT) - 1.10% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | THE GOLDMAN SACHS GROUP INC (GS) - 1.10% | WALMART INC (WMT) - 0.91% |
| #16 | ORACLE CORP (ORCL) - 1.09% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | BOOKING HOLDINGS INC (BKNG) - 1.09% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | CAPITAL ONE FINANCIAL CORP (COF) - 1.09% | VISA INC CLASS A (V) - 0.85% |
| #19 | BANK OF AMERICA CORP (BAC) - 1.08% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | BLACKROCK INC (BLK) - 1.08% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | U.S. BANCORP (USB) - 1.07% | INTEL CORP (INTC) - 0.65% |
| #22 | JPMORGAN CHASE & CO (JPM) - 1.07% | NETFLIX INC (NFLX) - 0.64% |
| #23 | FEDEX CORP (FDX) - 1.07% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | NVIDIA CORP (NVDA) - 1.06% | CHEVRON CORP (CVX) - 0.58% |
| #25 | AMERICAN EXPRESS CO (AXP) - 1.06% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 103 | 505 |
EQWL vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
EQWL
+5.46%
Winner
SPY
+9.11%
3M
EQWL
+2.19%
Winner
SPY
+6.59%
6M
EQWL
+9.25%
Winner
SPY
+10.56%
1Y
EQWL
+23.90%
Winner
SPY
+32.04%
5Y(CAGR)
EQWL
+11.47%
Winner
SPY
+13.35%
10Y(CAGR)
EQWL
+14.53%
Winner
SPY
+15.49%
Max(CAGR)
Winner
EQWL
+10.64%
SPY
+8.50%
EQWL vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | EQWL | SPY |
|---|---|---|
| 2026 | +5.89% | +8.27% |
| 2025 | +17.96% | +18.00% |
| 2024 | +18.86% | +25.59% |
| 2023 | +19.22% | +26.72% |
| 2022 | -11.98% | -18.64% |
| 2021 | +29.98% | +30.52% |
| 2020 | +13.02% | +17.28% |
| 2019 | +29.24% | +31.09% |
| 2018 | -6.49% | -5.24% |
| 2017 | +23.46% | +20.78% |
| 2016 | +15.52% | +13.59% |
| 2015 | -1.56% | +1.31% |
| 2014 | +16.02% | +14.56% |
| 2013 | +32.97% | +29.00% |
| 2012 | +10.13% | +14.17% |
| 2011 | +2.17% | +0.85% |
| 2010 | +12.49% | +13.14% |
| 2009 | +16.54% | +22.67% |
| 2008 | -32.23% | -36.25% |
| 2007 | +10.04% | +5.32% |
| 2006 | +2.55% | +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% |
EQWL vs SPY Drawdown Comparison
The maximum drawdown for EQWL was -49.37%, occurring on Mar 9, 2009. Recovery took 1114 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
| Rank | EQWL | SPY |
|---|---|---|
| #1 | -49.37% Oct 12, 2007 - Mar 15, 2012 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -34.29% Feb 12, 2020 - Sep 2, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -23.00% Jan 4, 2022 - Dec 11, 2023 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -18.06% Sep 21, 2018 - Apr 8, 2019 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -16.08% May 20, 2015 - Jun 6, 2016 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -14.96% Feb 19, 2025 - Jun 10, 2025 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -10.33% Jul 19, 2007 - Oct 1, 2007 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -10.13% Jan 26, 2018 - Aug 27, 2018 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -8.62% Sep 19, 2014 - Nov 5, 2014 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -7.86% Sep 2, 2020 - Nov 9, 2020 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -7.77% Feb 6, 2026 - Apr 30, 2026 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -7.58% May 1, 2012 - Jul 19, 2012 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -7.41% Oct 18, 2012 - Jan 3, 2013 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -6.82% Apr 30, 2019 - Jun 20, 2019 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -6.52% Jan 15, 2014 - Mar 4, 2014 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between EQWL and SPY is 1.00 which considered as a very strong positive correlation - the stocks move almost identically together.
1.00
-101
Dividend Comparison (1999 - 2026)
EQWL vs SPY dividend yield comparison.
| Year | EQWL | SPY |
|---|---|---|
| 2026 | 0.42% | 0.24% |
| 2025 | 1.67% | 1.07% |
| 2024 | 1.86% | 1.21% |
| 2023 | 1.97% | 1.40% |
| 2022 | 2.12% | 1.65% |
| 2021 | 1.65% | 1.20% |
| 2020 | 2.01% | 1.52% |
| 2019 | 2.04% | 1.75% |
| 2018 | 2.23% | 2.04% |
| 2017 | 1.27% | 1.80% |
| 2016 | 2.01% | 2.03% |
| 2015 | 2.03% | 2.06% |
| 2014 | 1.74% | 1.87% |
| 2013 | 1.61% | 1.81% |
| 2012 | 2.52% | 2.18% |
| 2011 | 2.18% | 2.05% |
| 2010 | 1.52% | 1.80% |
| 2009 | 1.42% | 1.95% |
| 2008 | 1.48% | 3.02% |
| 2007 | 0.92% | 1.85% |
| 2006 | 0.08% | 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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