EQAL vs VOO
EQAL vs VOO
Invesco Russell 1000 Equal Weight ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. EQAL delivered stronger 1-year returns. EQAL offers more diversification with 951 holdings.
Side-by-Side Comparison
| Metric | EQAL | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.03% | |
| AUM | $816M | $979.0B | |
| Dividend Yield | 1.69% | 1.09% | |
| Holdings | 992 | 509 | |
| YTD Return | +15.40% | +13.53% | |
| 1Y Return | +23.95% | +23.65% | |
| 3Y Return (annualized) | +14.24% | +21.27% | |
| 5Y Return (annualized) | +7.94% | +13.52% | |
| Volatility (annualized) | 17.2% | 14.1% | |
| Max Drawdown | -40.9% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 23, 2014 | Sep 7, 2010 |
EQAL vs VOO Performance
Invesco Russell 1000 Equal Weight ETF (EQAL) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year EQAL returned +23.95% while VOO returned +23.65%. Year to date, EQAL is up 15.40% versus a gain of 13.53% for VOO.
Over three years, EQAL compounded at +14.24% per year against +21.27% for VOO; over five years the annualized figures are +7.94% and +13.52% respectively. Across the full 12-year window we track, VOO has the edge at +13.57% annualized vs +8.68%. 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 14.1% for VOO. 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 -34.3% for VOO. 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 VOO 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 VOO.
Holdings Overlap
EQAL and VOO share 460 holdings out of 996 unique holdings combined, representing a 26.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in EQAL | Weight in VOO | Difference |
|---|---|---|---|
| NVDA | 0.06% | 7.51% | 7.45% |
| AAPL | 0.06% | 6.59% | 6.53% |
| MSFT | 0.06% | 4.30% | 4.24% |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
| JPM | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
See all 10 holdings EQAL shares with VOO 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 VOO?
EQAL has an expense ratio of 0.20% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, EQAL or VOO?
Over the past year EQAL returned +23.95% vs +23.65% for VOO, so EQAL leads on 1-year performance. Over the longest common window we track (12 years), EQAL annualized +8.68% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, EQAL or VOO?
EQAL has been the more volatile fund at 17.2% annualized versus 14.1% for VOO. Worst drawdown: EQAL -40.9% vs VOO -34.3%.
Should I hold both EQAL and VOO?
EQAL and VOO 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 VOO?
EQAL and VOO share 460 common holdings with a 26.2% weight overlap. Combined, they hold 996 unique securities.
Which pays a higher dividend, EQAL or VOO?
EQAL yields 1.69% while VOO yields 1.09%, so EQAL currently pays the higher dividend yield.
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