EQAL vs IVV
EQAL vs IVV
Invesco Russell 1000 Equal Weight ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. EQAL delivered stronger 1-year returns. EQAL offers more diversification with 951 holdings.
Side-by-Side Comparison
| Metric | EQAL | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.03% | |
| AUM | $816M | $865.2B | |
| Dividend Yield | 1.69% | 1.09% | |
| Holdings | 992 | 508 | |
| YTD Return | +12.67% | +9.93% | |
| 1Y Return | +21.20% | +19.59% | |
| 3Y Return (annualized) | +12.80% | +19.41% | |
| 5Y Return (annualized) | +7.33% | +12.89% | |
| Volatility (annualized) | 17.2% | 15.1% | |
| Max Drawdown | -40.9% | -56.5% | |
| Fund Family | Invesco (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Dec 23, 2014 | May 15, 2000 |
EQAL vs IVV Performance
Invesco Russell 1000 Equal Weight ETF (EQAL) is a ETF from Invesco (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year EQAL returned +21.20% while IVV returned +19.59%. Year to date, EQAL is up 12.67% versus a gain of 9.93% for IVV.
Over three years, EQAL compounded at +12.80% per year against +19.41% for IVV; over five years the annualized figures are +7.33% and +12.89% respectively. Across the full 12-year window we track, EQAL has the edge at +8.46% annualized vs +6.91%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EQAL has been the more volatile fund, with annualized monthly volatility of 17.2% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -40.9% for EQAL and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
EQAL charges 0.20% per year while IVV charges 0.03%. On a $10,000 position that is $20 vs $3 annually, a gap of $17 per year that compounds over a long holding period. On income, EQAL currently yields 1.69% against 1.09% for IVV.
Holdings Overlap
EQAL and IVV share 457 holdings out of 999 unique holdings combined, representing a 26.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in EQAL | Weight in IVV | Difference |
|---|---|---|---|
| NVDA | 0.06% | 7.76% | 7.70% |
| AAPL | 0.06% | 7.44% | 7.38% |
| MSFT | 0.06% | 4.57% | 4.51% |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
| JPM | Pro | Pro | Pro |
| XOM | Pro | Pro | Pro |
See all 10 holdings EQAL shares with IVV Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, EQAL or IVV?
EQAL has an expense ratio of 0.20% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, EQAL or IVV?
Over the past year EQAL returned +21.20% vs +19.59% for IVV, so EQAL leads on 1-year performance. Over the longest common window we track (12 years), EQAL annualized +8.46% vs +6.91% for IVV. Past performance does not guarantee future results.
Which is riskier, EQAL or IVV?
EQAL has been the more volatile fund at 17.2% annualized versus 15.1% for IVV. Worst drawdown: EQAL -40.9% vs IVV -56.5%.
Should I hold both EQAL and IVV?
EQAL and IVV have a monthly-return correlation of 0.91, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between EQAL and IVV?
EQAL and IVV share 457 common holdings with a 26.3% weight overlap. Combined, they hold 999 unique securities.
Which pays a higher dividend, EQAL or IVV?
EQAL yields 1.69% while IVV yields 1.09%, so EQAL currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.