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5 ETFs for Index Investing
Investor Insights

This summary was created by AI, based on 3 opinions in the last 12 months.

Invesco S&P 500 Equal Weight Index ETF CAD (EQL-T) is a well-diversified investment option that avoids depending on a few large companies. The equal-weighted S&P 500 index has historically outperformed the market-weighted counterpart, and experts believe EQL's long-term outperformance is attributed to its 'buy low, sell high' investment strategy. It is considered a good option to hedge S&P 500 and is recommended for long-term investors with expectations of strong future performance.

Consensus
Positive
Valuation
Fair Value
TOP PICK

Gives you broad diversification in the S&P and avoids depending on the Magnificent 7.

E.T.F.'s
BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

There have been studies conducted that show equal-weighted indices tend to outperform their market-weighted counterparts over the long term. Since the early 2000s, the equal-weighted S&P 500 index has outperformed the market-weighted S&P 500, and it is only over the last several years that market-weighted has demonstrated outperformance. Part of EQL's long-term outperformance can be attributed to the underlying investment actions of 'buy low, sell high', as it will continue to sell winners and add to underperformers. 

As a play on expectations for expanding breadth in the coming years (the remaining 493 companies to see outperformance), we feel this is reasonable, and we expect breadth to improve as we continue into a new bull market. 
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E.T.F.'s
BUY

Good option to hedge S&P 500. Equal weighted which makes it a safe bet. Would recommend for the long term investor. Going forward should perform well.

E.T.F.'s
BUY
Allan Tong’s Discover Picks EQL ETF charges a higher MER than the others here at 0.27%, though it pays a higher 1.87% dividend yield. A caveat is that EQL trades at low volumes averaging only 17,303. The weak presence of tech here means that EQL has outperformed its peers this year, declining only 11.9%. We circle back to whether an investor is bullish or bearish tech in the coming months. Read 5 ETFs for Index Investing for our full analysis.
E.T.F.'s
COMMENT
Caller was asking whether EQL could protect against downside in XSP. It depends what is drawing down the market. For example, if it is the Nasdaq and FAANGs, then EQL will protect you since it is underweight these big names. However, if the market is down, it will not help you.
E.T.F.'s
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.

E.T.F.'s
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.
E.T.F.'s
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%.
E.T.F.'s
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.

E.T.F.'s
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.
E.T.F.'s
PAST TOP PICK
(A Top Pick Aug 31/18, Up 3%) Equal weighting gave him better diversification.
E.T.F.'s
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.
E.T.F.'s
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.
E.T.F.'s
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.
E.T.F.'s
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.

E.T.F.'s
Showing 1 to 15 of 17 entries

Invesco S&P 500 Equal Weight Index ETF CAD(EQL-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

Stockchase rating for Invesco S&P 500 Equal Weight Index ETF CAD is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Invesco S&P 500 Equal Weight Index ETF CAD(EQL-T) Frequently Asked Questions

What is Invesco S&P 500 Equal Weight Index ETF CAD stock symbol?

Invesco S&P 500 Equal Weight Index ETF CAD is a Canadian stock, trading under the symbol EQL-T on the Toronto Stock Exchange (EQL-CT). It is usually referred to as TSX:EQL or EQL-T

Is Invesco S&P 500 Equal Weight Index ETF CAD a buy or a sell?

In the last year, 2 stock analysts published opinions about EQL-T. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Invesco S&P 500 Equal Weight Index ETF CAD.

Is Invesco S&P 500 Equal Weight Index ETF CAD a good investment or a top pick?

Invesco S&P 500 Equal Weight Index ETF CAD was recommended as a Top Pick by on . Read the latest stock experts ratings for Invesco S&P 500 Equal Weight Index ETF CAD.

Why is Invesco S&P 500 Equal Weight Index ETF CAD stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Invesco S&P 500 Equal Weight Index ETF CAD worth watching?

2 stock analysts on Stockchase covered Invesco S&P 500 Equal Weight Index ETF CAD In the last year. It is a trending stock that is worth watching.

What is Invesco S&P 500 Equal Weight Index ETF CAD stock price?

On 2024-04-19, Invesco S&P 500 Equal Weight Index ETF CAD (EQL-T) stock closed at a price of $33.38.