EQWL vs IVV
EQWL vs IVV
Invesco S&P 100 Equal Weight ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. EQWL delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | EQWL | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.03% | |
| AUM | $2.7B | $865.2B | |
| Dividend Yield | 1.58% | 1.09% | |
| Holdings | 103 | 508 | |
| YTD Return | +14.07% | +13.80% | |
| 1Y Return | +24.26% | +23.70% | |
| 3Y Return (annualized) | +19.17% | +21.49% | |
| 5Y Return (annualized) | +12.33% | +13.43% | |
| Volatility (annualized) | 15.0% | 15.1% | |
| Max Drawdown | -50.0% | -56.5% | |
| Fund Family | Invesco (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Dec 1, 2006 | May 15, 2000 |
EQWL vs IVV Performance
Invesco S&P 100 Equal Weight ETF (EQWL) 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 EQWL returned +24.26% while IVV returned +23.70%. Year to date, EQWL is up 14.07% versus a gain of 13.80% for IVV.
Over three years, EQWL compounded at +19.17% per year against +21.49% for IVV; over five years the annualized figures are +12.33% and +13.43% respectively. Across the full 20-year window we track, EQWL has the edge at +9.45% annualized vs +7.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 15.0% for EQWL. 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 -50.0% for EQWL 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 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
EQWL charges 0.25% per year while IVV charges 0.03%. On a $10,000 position that is $25 vs $3 annually, a gap of $22 per year that compounds over a long holding period. On income, EQWL currently yields 1.58% against 1.09% for IVV.
Holdings Overlap
EQWL and IVV share 98 holdings out of 509 unique holdings combined, representing a 38.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in EQWL | Weight in IVV | Difference |
|---|---|---|---|
| NVDA | 0.95% | 7.76% | 6.81% |
| AAPL | 0.94% | 7.44% | 6.50% |
| MSFT | 0.91% | 4.57% | 3.66% |
| AMZN | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
See all 10 holdings EQWL 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, EQWL or IVV?
EQWL has an expense ratio of 0.25% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, EQWL or IVV?
Over the past year EQWL returned +24.26% vs +23.70% for IVV, so EQWL leads on 1-year performance. Over the longest common window we track (20 years), EQWL annualized +9.45% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, EQWL or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 15.0% for EQWL. Worst drawdown: EQWL -50.0% vs IVV -56.5%.
Should I hold both EQWL and IVV?
EQWL and IVV have a monthly-return correlation of 0.96, 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 EQWL and IVV?
EQWL and IVV share 98 common holdings with a 38.8% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, EQWL or IVV?
EQWL yields 1.58% while IVV yields 1.09%, so EQWL currently pays the higher dividend yield.
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