Key stats
About INVESCO S&P 500 EQUL WEIGHT IDX ETF CAD UNITS
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Inception date
May 29, 2018
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Primary advisor
Invesco Canada Ltd.
The fund simply takes all the stocks in the S&P 500 and weights them equally. Equal weighting greatly increases the footprint of smaller S&P 500 stocks (many of which we consider to be midcaps), which results in higher beta for the portfolio. However, equal weighting also lowers concentration, reducing blow-up risk from any one name. While one should expect some sector biases here as well, EQL does not equal-weight sectors as some peer equal-weight ETFs do. Quarterly rebalancing implements the contrarian theme baked into all equal-weight plays: sell winners and buy losers.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF99.78%
Cash0.22%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
EQL last dividends amounted to 0.13 CAD. The quarter before, the issuer paid 0.13 CAD in dividends, which shows a 4.40% increase.
EQL assets under management is 1.42 B CAD. It's risen 14.33% over the last month.
EQL fund flows account for 409.49 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, EQL pays dividends to its holders with the dividend yield of 1.36%. The last dividend (Apr 7, 2025) amounted to 0.13 CAD. The dividends are paid quarterly.
EQL shares are issued by Invesco Ltd. under the brand Invesco. The ETF was launched on May 29, 2018, and its management style is Passive.
EQL expense ratio is 0.27% meaning you'd have to pay 0.27% of your investment to help manage the fund.
EQL follows the S&P 500 Equal Weight Index - CAD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
EQL invests in funds.
EQL price has risen by 8.57% over the last month, and its yearly performance shows a 5.03% increase. See more dynamics on EQL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 10.42% over the last month, showed a −5.69% decrease in three-month performance and has increased by 7.74% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 10.42% over the last month, showed a −5.69% decrease in three-month performance and has increased by 7.74% in a year.
EQL trades at a premium (0.14%) meaning the ETF is trading at a higher price than the calculated NAV.