EQWL vs VOO
Invesco S&P 100 Equal Weight ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. EQWL delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | EQWL | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.03% | |
| AUM | $2.8B | $997.4B | |
| Dividend Yield | 1.57% | 1.08% | |
| Holdings | 104 | 509 | |
| YTD Return | +14.95% | +13.25% | |
| 1Y Return | +21.21% | +19.96% | |
| 3Y Return (annualized) | +19.86% | +21.27% | |
| 5Y Return (annualized) | +12.12% | +12.81% | |
| Volatility (annualized) | 15.0% | 14.1% | |
| Max Drawdown | -50.0% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 1, 2006 | Sep 7, 2010 |
EQWL vs VOO Performance
Invesco S&P 100 Equal Weight ETF (EQWL) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year EQWL returned +21.21% while VOO returned +19.96%. Year to date, EQWL is up 14.95% versus a gain of 13.25% for VOO.
Over three years, EQWL compounded at +19.86% per year against +21.27% for VOO; over five years the annualized figures are +12.12% and +12.81% respectively. Across the full 16-year window we track, VOO has the edge at +13.49% annualized vs +9.46%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EQWL has been the more volatile fund, with annualized monthly volatility of 15.0% compared with 14.1% 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 -50.0% for EQWL and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
EQWL charges 0.25% per year while VOO charges 0.03%. On a $10,000 position that is $25 vs $3 annually, a gap of $22 per year that compounds over a long holding period. On income, EQWL currently yields 1.57% against 1.08% for VOO.
Holdings Overlap
EQWL and VOO share 99 holdings out of 508 unique holdings combined, representing a 40.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EQWL or VOO?
EQWL has an expense ratio of 0.25% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, EQWL or VOO?
Over the past year EQWL returned +21.21% vs +19.96% for VOO, so EQWL leads on 1-year performance. Over the longest common window we track (16 years), EQWL annualized +9.46% vs +13.49% for VOO. Past performance does not guarantee future results.
Which is riskier, EQWL or VOO?
EQWL has been the more volatile fund at 15.0% annualized versus 14.1% for VOO. Worst drawdown: EQWL -50.0% vs VOO -34.3%.
Should I hold both EQWL and VOO?
EQWL and VOO have a monthly-return correlation of 0.95, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between EQWL and VOO?
EQWL and VOO share 99 common holdings with a 40.2% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, EQWL or VOO?
EQWL yields 1.57% while VOO yields 1.08%, so EQWL currently pays the higher dividend yield.
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