Invesco S&P 500 Equal Weight Index ETF CAD…

Invesco S&P 500 Equal Weight Index ETF CAD (EQL.TO)

44.73

-0.24 (0.53%)

as of Sep 10, 2026, 7:55:09 pm Market Open.

49 watching

BUY

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.

PAST TOP PICK

(A Top Pick Jan 24/20, Up 8%) EQL de-emphasizes tech which is perfect for the expected rotation into non-tech sectors. Big US tech is getting fully priced.

TOP PICK

This is in the US, with all the big tech in this fund. There could be a limit to how far the S&P500 index can go, but this is an easier way to see which sector is going to roll over, since all the sectors are represented. Yield is 1.45%.

COMMENT

He'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.

PAST TOP PICK

(A Top Pick Sep 21/18, Up 4%) Each holding here occupies 1-500th of the ETF. EQL offers breadth in its holdings. It emphasizes mid-caps and financials, anchoring his U.S. position.

PAST TOP PICK

(A Top Pick Aug 31/18, Up 3%) Equal weighting gave him better diversification.

PAST TOP PICK

(A Top Pick Jul 13/18, Up 4%) This is the best long-term play on US stocks, an equally weighted S&P that steers away from tech.

COMMENT

Favourite dividend-paying S&P ETF, and how American dividends effect Canadian taxes? His favourite is EQL. In an RRSP, you don't worry about withholding taxes, but there are withholding taxes outside an RRSP. In taxable accounts, the dividends are taxed as income, so you can't avoid that.

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PAST TOP PICK

(A Top Pick Aug 31/18, Down 7%) This was a portfolio building decision to diversify away from the FANG impact on the overall S&P index. It has protected from the sell-off of the market. Facebook has corrected by 40%, for example.

TOP PICK

FANGs 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.

TOP PICK

A 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.

TOP PICK

Contains 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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Invesco S&P 500 Equal Weight Index ETF CAD (EQL.TO)