EQAL vs VOO
Invesco Russell 1000 Equal Weight ETF vs Vanguard S&P 500 ETF
Which is better, EQAL or VOO?
Mid Cap Blend against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EQAL | VOO |
|---|---|---|
| Expense Ratio | 0.20% | 0.03%Best |
| AUM | $839M | $997.4B |
| Dividend Yield | 1.64% | 1.04% |
| Holdings | 1,016 | 509 |
| YTD Return | +13.01%Best | +11.55% |
| 1Y Return | +17.24% | +17.54%Best |
| 3Y Return (annualized) | +14.55% | +20.71%Best |
| 5Y Return (annualized) | +7.26% | +12.80%Best |
| Volatility (annualized) | 17.2% | 15.0%Best |
| Max Drawdown | -40.9% | -34.3%Best |
| $10,000 over 5 years | $14,197 | $18,262Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Blend |
| Inception | Dec 23, 2014 | Sep 7, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Dec 29, 2014 to Sep 10, 2026 (11.7 years).
EQAL vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 11.7 years both funds cover.
EQAL vs VOO Performance
Invesco Russell 1000 Equal Weight ETF (EQAL) is an ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year EQAL returned +17.24% while VOO returned +17.54%. Year to date, EQAL is up 13.01% versus a gain of 11.55% for VOO.
Over three years, EQAL compounded at +14.55% per year against +20.71% for VOO; over five years the annualized figures are +7.26% and +12.80% respectively. Across the full 12-year window we track, VOO has the edge at +12.42% annualized vs +8.40%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EQAL has been the more volatile fund, with annualized monthly volatility of 17.2% compared with 15.0% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -40.9% for EQAL and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
EQAL charges 0.20% per year while VOO charges 0.03%. On a $10,000 position that is $20 vs $3 annually, a gap of $17 per year that compounds over a long holding period. On income, EQAL currently yields 1.64% against 1.04% for VOO.
Holdings Overlap
At least 90.0% of VOO's money is in holdings EQAL also owns.
Stated as a floor: for EQAL, our book for it covers 94.1% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
Most of VOO is already inside EQAL. Owning both mostly buys the same companies twice.
446 positions in common, counted across the 921 positions we hold weights for in EQAL and 505 in VOO, against full books of 1,016 and 509.
Top Shared Holdings
| Stock | Weight in EQAL | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 0.06% | 7.51% | 7.45% |
| AAPLApple, Inc | 0.06% | 6.59% | 6.53% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 0.08% | 4.30% | 4.22% |
| AMZNAmazon.Com Inc | 0.07% | 3.62% | 3.55% |
| GOOGLAlphabet A Usd 0.001 | 0.06% | 3.25% | 3.19% |
| AVGOBroadcom Inc | 0.06% | 2.77% | 2.71% |
| MUMicron Technology, Inc. | 0.05% | 2.02% | 1.97% |
| METAMeta Platforms, Inc. | 0.06% | 1.92% | 1.86% |
| TSLATesla Inc | 0.05% | 1.84% | 1.79% |
| LLYEli Lilly & Co. | 0.09% | 1.47% | 1.38% |
90.0% of VOO is already inside EQAL.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EQAL or VOO?
EQAL has an expense ratio of 0.20% while VOO charges 0.03%. VOO is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, EQAL or VOO?
Over the past year EQAL returned +17.24% vs +17.54% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (12 years), EQAL annualized +8.40% vs +12.42% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EQAL or VOO?
EQAL has been the more volatile fund at 17.2% annualized versus 15.0% for VOO. Worst drawdown: EQAL -40.9% vs VOO -34.3%.
Should I hold both EQAL and VOO?
EQAL and VOO have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between EQAL and VOO?
At least 90.0% of VOO's money is in holdings EQAL also owns. Our book for EQAL is partial, so the real figure is this or higher. They hold 446 positions in common, counted across the 921 positions we hold weights for in EQAL and 505 in VOO.
Which pays a higher dividend, EQAL or VOO?
EQAL yields 1.64% while VOO yields 1.04%, so EQAL currently pays the higher dividend yield.
Is VOO better than EQAL?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. Which one suits a particular account depends on what it is for. This is information, not a recommendation.