Summer Sale
50% off Premium Yearly
TSE:EQL
Invesco S&P 500 Equal Weight Index ETF CAD (EQL.TO)
Financials 
Technical Analysis 
Aug 18, 2026, 12:00 amThis summary was created by AI, based on 4 opinions in the last 12 months.
The Invesco S&P 500 Equal Weight Index ETF (EQL-T) has garnered attention from various experts for its potential to provide a broader market exposure compared to market-cap-weighted indices. It has been identified as a Top Pick multiple times, with sentiments indicating an anticipated rise in performance, reflecting the ETF's alignment with market trends where smaller companies are expected to benefit alongside larger ones, especially in the wake of advances in AI technology. One expert mentioned a chart indicating a potential breakout, signaling favorable market conditions and suggesting that the overall performance of the S&P 500 could soon see contributions from a wider array of companies. As concerns shift towards employment rather than inflation, the environment becomes conducive for increased market breadth and outperformance beyond traditionally dominant stocks.
Terry ShaunessyTerry ShaunessyHe's split his American allocations to half equal weight and half market weight. The top 5 stocks in the S&P500 is almost 20% of the index, which is unprecedented. If you use an equal weight, each stock is 1/500 of the index. EQL would be the one he would look at.
Terry ShaunessyTerry ShaunessyTerry Shaunessy
Mike PhilbrickFANGs have been driving S&P 500. But here, every stock is 1/500th, so it has greater breadth to the US blue chips and far less single stock concentration. Defensive call. Occupies half their US equity allocation. An equal weight ETF is always rotating by selling winners and buying losers, so you want enough breadth, and 500 names is plenty.
Terry ShaunessyA great tool for a Canadian investor to get buy an equal weight S&P strategy without tax complications. The MER is very low and competitive.
Mike PhilbrickContains the S&P 500 equal weight, not hedged. De-emphasizes technology, while still being in the S&P 500. Equal weighted, big cap portfolios tend to perform better than S&P 500 market caps over long periods of time. Keep this as the anchor for American exposure.
Terry Shaunessy'%20fill='%23ffffff'%3e%3cg%20id='Pager'%20transform='translate(423.000000,%201755.000000)'%3e%3cpath%20d='M243.295367,17.286474%20C243.68919,16.9045087%20244.327703,16.9045087%20244.721525,17.286474%20L249,21.4361302%20L253.278475,17.286474%20C253.672297,16.9045087%20254.31081,16.9045087%20254.704633,17.286474%20C255.098456,17.6684393%20255.098456,18.2877274%20254.704633,18.6696927%20L249.35654,23.856763%20C249.159628,24.0477457%20248.840372,24.0477457%20248.64346,23.856763%20L243.295367,18.6696927%20C242.901544,18.2877274%20242.901544,17.6684393%20243.295367,17.286474%20Z'%20id='Path'%20transform='translate(249.000000,%2020.500000)%20scale(-1,%201)%20rotate(-90.000000)%20translate(-249.000000,%20-20.500000)%20'%3e%3c/path%3e%3c/g%3e%3c/g%3e%3c/g%3e%3c/svg%3e)
Popular Articles
You may also like
- iShares S&P/TSX Global Gold Index ETF (XGD.TO)
- BMO EQUAL WEIGHT BANKS INDEX ETF (ZEB.TO)
- iSHARES SP TSX COMP HIGH DIV INDEX ETF (XEI.TO)
- Evolve Cyber Security Index ETF (CYBR.TO)
- Canadian National R.R. (CNR.TO)
- Cisco (CSCO)
- iShares Japan ETF (EWJ)
- Great West Lifeco (GWO.TO)
- Manulife Financial (MFC.TO)
- Microsoft Corp (MSFT)
An equal weight holding of RSP. It avoids the FX cost of moving back and forth money with USD. It has outperformed the S&P500 this year.