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Is Invesco S&P 100 Equal Weight ETF (EQWL) a Strong ETF Right Now?
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A smart beta exchange traded fund, the Invesco S&P 100 Equal Weight ETF (EQWL - Free Report) debuted on 12/01/2006, and offers broad exposure to the Style Box - Large Cap Blend category of the market.
What Are Smart Beta ETFs?
Products that are based on market cap weighted indexes, which are strategies designed to reflect a specific market segment or the market as a whole, have traditionally dominated the ETF industry.
Market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns, and are a good option for investors who believe in market efficiency.
But, there are some investors who would rather invest in smart beta funds; these funds track non-cap weighted strategies, and are a strong option for those who prefer choosing great stocks in order to beat the market.
Based on specific fundamental characteristics, or a combination of such, these indexes attempt to pick stocks that have a better chance of risk-return performance.
While this space offers a number of choices to investors, including simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies, not all these strategies have been able to deliver superior results.
Fund Sponsor & Index
The fund is managed by Invesco. EQWL has been able to amass assets over $2.58 billion, making it one of the larger ETFs in the Style Box - Large Cap Blend. EQWL, before fees and expenses, seeks to match the performance of the Russell Top 200 Equal Weight Index.
The S&P 100 Equal Weight Index is designed to provide equal-weighted exposure to the securities of the largest 200 companies in the US equity market.
Cost & Other Expenses
Since cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF's expense ratio.
With on par with most peer products in the space, this ETF has annual operating expenses of 0.25%.
EQWL's 12-month trailing dividend yield is 1.54%.
Sector Exposure and Top Holdings
While ETFs offer diversified exposure, which minimizes single stock risk, a deep look into a fund's holdings is a valuable exercise. And, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation in the Information Technology sector - about 24.7% of the portfolio. Financials and Industrials round out the top three.
When you look at individual holdings, Conocophillips (COP) accounts for about 1.15% of the fund's total assets, followed by Intel Corp (INTC) and Ge Vernova Inc (GEV).
Its top 10 holdings account for approximately 11.02% of EQWL's total assets under management.
Performance and Risk
So far this year, EQWL has gained about 8.25%, and is up roughly 24.31% in the last one year (as of 05/27/2026). During this past 52-week period, the fund has traded between $105.27 and $127.38.
The fund has a beta of 0.89 and standard deviation of 12.79% for the trailing three-year period, which makes EQWL a medium risk choice in this particular space. With about 104 holdings, it effectively diversifies company-specific risk .
Alternatives
Invesco S&P 100 Equal Weight ETF is an excellent option for investors seeking to outperform the Style Box - Large Cap Blend segment of the market. There are other ETFs in the space which investors could consider as well.
iShares Core S&P 500 ETF (IVV) tracks S&P 500 Index and the Vanguard 500 Index Fund ETF Shares (VOO) tracks S&P 500 Index. iShares Core S&P 500 ETF has $837.49 billion in assets, Vanguard 500 Index Fund ETF Shares has $969.15 billion. IVV has an expense ratio of 0.03% and VOO changes 0.03%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Large Cap Blend
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
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Is Invesco S&P 100 Equal Weight ETF (EQWL) a Strong ETF Right Now?
A smart beta exchange traded fund, the Invesco S&P 100 Equal Weight ETF (EQWL - Free Report) debuted on 12/01/2006, and offers broad exposure to the Style Box - Large Cap Blend category of the market.
What Are Smart Beta ETFs?
Products that are based on market cap weighted indexes, which are strategies designed to reflect a specific market segment or the market as a whole, have traditionally dominated the ETF industry.
Market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns, and are a good option for investors who believe in market efficiency.
But, there are some investors who would rather invest in smart beta funds; these funds track non-cap weighted strategies, and are a strong option for those who prefer choosing great stocks in order to beat the market.
Based on specific fundamental characteristics, or a combination of such, these indexes attempt to pick stocks that have a better chance of risk-return performance.
While this space offers a number of choices to investors, including simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies, not all these strategies have been able to deliver superior results.
Fund Sponsor & Index
The fund is managed by Invesco. EQWL has been able to amass assets over $2.58 billion, making it one of the larger ETFs in the Style Box - Large Cap Blend. EQWL, before fees and expenses, seeks to match the performance of the Russell Top 200 Equal Weight Index.
The S&P 100 Equal Weight Index is designed to provide equal-weighted exposure to the securities of the largest 200 companies in the US equity market.
Cost & Other Expenses
Since cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF's expense ratio.
With on par with most peer products in the space, this ETF has annual operating expenses of 0.25%.
EQWL's 12-month trailing dividend yield is 1.54%.
Sector Exposure and Top Holdings
While ETFs offer diversified exposure, which minimizes single stock risk, a deep look into a fund's holdings is a valuable exercise. And, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation in the Information Technology sector - about 24.7% of the portfolio. Financials and Industrials round out the top three.
When you look at individual holdings, Conocophillips (COP) accounts for about 1.15% of the fund's total assets, followed by Intel Corp (INTC) and Ge Vernova Inc (GEV).
Its top 10 holdings account for approximately 11.02% of EQWL's total assets under management.
Performance and Risk
So far this year, EQWL has gained about 8.25%, and is up roughly 24.31% in the last one year (as of 05/27/2026). During this past 52-week period, the fund has traded between $105.27 and $127.38.
The fund has a beta of 0.89 and standard deviation of 12.79% for the trailing three-year period, which makes EQWL a medium risk choice in this particular space. With about 104 holdings, it effectively diversifies company-specific risk .
Alternatives
Invesco S&P 100 Equal Weight ETF is an excellent option for investors seeking to outperform the Style Box - Large Cap Blend segment of the market. There are other ETFs in the space which investors could consider as well.
iShares Core S&P 500 ETF (IVV) tracks S&P 500 Index and the Vanguard 500 Index Fund ETF Shares (VOO) tracks S&P 500 Index. iShares Core S&P 500 ETF has $837.49 billion in assets, Vanguard 500 Index Fund ETF Shares has $969.15 billion. IVV has an expense ratio of 0.03% and VOO changes 0.03%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Large Cap Blend
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.