Invesco S&P 500 Equal Weight Index ETF CAD (EQL-T)
TSE:EQL
36.05
0.55
(1.55%) 1d
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This summary was created by AI, based on 4 opinions in the last 12 months.
The Invesco S&P 500 Equal Weight Index ETF CAD (EQL-T) is viewed favorably by several experts for its ability to mitigate concentration risk seen in the traditional market-weighted S&P 500. By reducing exposure to mega-cap stocks, EQL offers broader sector participation, including more allocations to industrials, financials, and consumer staples. Despite being down 17% from recent highs and currently testing the 200-week moving average, the long-term outlook on the U.S. economy remains positive, suggesting resilience and growth potential. The ETF has a management expense ratio (MER) of 0.26%, making it accessible for investors looking for a diversified approach, away from the volatility often associated with the biggest tech stocks. Although the equal-weighted index has experienced relative underperformance since 2014, experts believe it may eventually outperform the market-weighted index for long-term investors willing to weather short-term fluctuations.
As an example, the equal-weighted S&P 500 outperformed the market-weighted S&P 500 from mid-2003 until roughly 2014. From 2014 until today, the market-weighted S&P 500 has outperformed its equal-weighted counterpart, and this typically is temporarily reversed in major market drawdowns (2009, 2020, and somewhat 2022). But, overall since mid-2003, the equal-weighted index has slightly outperformed the market-weighted index on a total return basis.
Given the recent trend of the equal-weight index underperforming the market-weighted index, we would not seek to go against this trend just yet. Although, for an investor with a long-term timeframe and a willingness to see relative underperformance in the near-term, we think the equal-weighted index can outperform over the long term. We like the EQL ETF for a Canadian-denominated equal-weighted S&P 500 ETF.
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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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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.
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.
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
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 2025-05-02, Invesco S&P 500 Equal Weight Index ETF CAD (EQL-T) stock closed at a price of $36.05.
Mitigates concentration risk from the top 10 names that you usually see in the S&P market-weighted index. Takes you away from the mega-cap stocks. Broader sector participation, more industrials and financials and consumer staples than the market-weighted index.
Down 17% from recent highs, and down to the 200-week MA. Long term, the US economy is a powerhouse and you can't really ever bet against it. It's the strongest and biggest economy in the world, and very resilient. MER is 26 bps. There's also a US version and a hedged version.