TSE:EQL
Invesco S&P 500 Equal Weight Index ETF CAD (EQL.TO)
Financials 
Technical Analysis 
Jul 6, 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 thoughtful recommendations from various experts. According to the first review, the equal weight strategy is favored over the market-cap-weighted index, benefiting from a broadening market, leading to a notable increase of 20% since its last assessment. However, in the second expert opinion, there's an acknowledgment that EQL-T has underperformed compared to the market-cap-weighted index, with particular attention on the need for AI advancements to support the other companies in the index. The third review highlights a growing belief that the remaining 493 companies in the S&P 500 will significantly contribute to overall performance, emphasizing the ETF's potential given the changing economic conditions, such as a Fed more focused on employment rather than inflation. This buildup towards a possible breakout, coupled with signs of increasing support factors, paints a generally optimistic view of the ETF's forward trajectory.
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.
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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.