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ETFs

Invesco S&P 100 Equal Weight ETF

EQWL
$--
Today’s Change
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Snapshot
*

Inception Date
Dec 01 2006
Expense Ratio
0.25%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$3,135,803
AUM
$313,500,795
Associated Index
S&P 100 Equal Weight Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

CVS
CVS Health Corp
1.11%
CHTR
Charter Communications Inc. - Ordinary Shares - Class A
1.08%
UNH
Unitedhealth Group Inc
1.08%
T
AT&T, Inc.
1.07%
KHC
Kraft Heinz Co
1.06%
AIG
American International Group Inc
1.06%
AMGN
AMGEN Inc.
1.06%
FDX
Fedex Corp
1.06%
HON
Honeywell International Inc
1.05%
DUK
Duke Energy Corp.
1.05%
Invest with EQWL

What is EQWL?

The Invesco S&P 100 Equal Weight ETF (Fund) is based on the S&P 100 Equal Weight Index (Index). The Fund will invest at least 90% of its total assets in the component securities that comprise the Index. The Index is an equal-weight version of the S&P 100 Index.

ETFs related toEQWL

ETFs correlated to EQWL include FNDB, FNDX, ILCV

EQWL
Invesco Capital Management LLC - Invesco Russell Top 200 Equal Weight ETF
FNDB
Schwab Strategic Trust - Schwab Fundamental U.S. Broad Market Index ETF
FNDX
Schwab Strategic Trust - Schwab Fundamental U.S. Large Company Index ETF
ILCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Value ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
PRF
Invesco Capital Management LLC - Invesco FTSE RAFI US 1000 ETF
SPYV
SPDR Series Trust - SPDR Portfolio S&P 500 Value ETF
IVE
BlackRock Institutional Trust Company N.A. - iShares S&P 500 Value ETF
VOOV
Vanguard Group, Inc. - Vanguard S&P 500 Value ETF
IWD
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Value ETF
QUS
SPDR Series Trust - SPDR MSCI USA StrategicFactors SM ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toEQWL

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Create your own algorithmic trading strategy with EQWL using Composer

FAQ

EQWL is a US Equities ETF. The Invesco S&P 100 Equal Weight ETF (Fund) is based on the S&P 100 Equal Weight Index (Index). The Fund will invest at least 90% of its total assets in the component securities that comprise the Index. The Index is an equal-weight version of the S&P 100 Index.

EQWL tracks the S&P 100 Equal Weight Index.

No, EQWL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, EQWL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on EQWL is -0.0076%. This is the percent change in the value of EQWL over the most recent 1-month period. The 3-month return on EQWL is 0.0044%. This is the percent change in the value of EQWL over the most recent 3-month period.

The standard deviation of EQWL for the past year is 0.1628%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to EQWL include IVV, MDY, and IJR.

ETFs correlated to EQWL include FNDB, FNDX, and ILCV.

ETFs that are inversely correlated to EQWL include SDS, SH, and SPXS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.