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Launched · SEC filings

Invesco S&P 100 Equal Weight ETF

EQWLNYSE ArcaInvescoB

$132.33+0.16 (+0.12%)

At close: Nov 2, 2026, 4:00 PM ET

B65/ 100

Rank 5 of 9 in US Equal Weight

B65/100Rank 5 of 9inUS Equal Weight
Intraday session: up, 79 prints from 132.17 to 132.33. Range 132.33 to 133.31. Use the arrow keys to read each point.132.50132.75133.00133.2510 AM12 PM2 PM4 PM
Expense ratio
0.25%*
Fund size
$2.85B
1Y total return
+15.4%
Yield · Last 12 months
1.56%
Holdings
103
Avg volume · 30D
105K sh
52W range
low $112.31high $136.07
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Aug 31, 2028. Without it: 0.30%.

The ETF.net EQWL Grade

B

Score 65 out of 100

Category
US Equal Weight⁠
Rank
5 of 9
Six-pillar profile for EQWL. Scores out of 100: Cost 37, Risk 65, Mission 83, Tradability 93, Holdings 57, Durability 80. Strongest: Tradability (93). Weakest: Cost (37). Leans toward Tradability.

Score 65 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D37 out of 100
    Rank 6 of 9

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A83 out of 100
    Rank 7 of 7

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B65 out of 100
    Rank 2 of 9

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A93 out of 100
    Rank 1 of 9

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B57 out of 100
    Rank 6 of 9

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A80 out of 100
    Rank 1 of 9

Our read on EQWL

ETF.net Research

In short

BEqual weight, but blue chips only. EQWL spreads money evenly across the roughly 100 mega caps of the S&P 100, so the largest name counts about as much as the hundredth. Running since 2006, before equal weight was fashionable.

Stated mandate

The fund seeks to provide exposure to the S&P 100 through an index that gives its constituent securities equal weight, investing at least 90% of assets in index components.

Why people hold it

  • Concentration control by design: the index weights its constituents equally, so about 100 household names each carry roughly 1% instead of a few giants steering the whole thing.invesco.com
  • Launched in 2006, it predates most equal-weight rivals and has grown past a billion in assets, making it one of the easier funds to trade in a small category.
  • Fee is 0.25% net of a waiver through August 31, 2028 (0.30% gross), sitting near the median of the nine funds in its equal-weight category.
  • Has tracked its index closely, and distributions arrive quarterly.

Worth knowing

  • Cheaper equal-weight wrappers exist: EUSA and GSEW each charge 0.09%, and Invesco's own EQAL charges 0.20% for a Russell 1000 version.
  • Equal weight here still means mega caps only, about 100 of them. You are rebalancing among the giants, not reaching down into mid or small caps.
  • Resetting to equal weight trims whatever has run hottest, so results diverge from the cap-weighted S&P 100 in both directions.

EQWL Holdings

Holdings pillarB57 out of 100Rank 6 of 9 in US Equal Weight
Asset class
Stocks
Holdings
103
Top-10 weight
12%
Largest holding
ACN1.4%

Sectors

  • Technology26.1%
  • Health Care15.5%
  • Financials14.2%
  • Industrials12.8%
  • Consumer Staples8.0%
  • Communication7.9%
  • Consumer Discretionary7.7%
  • Energy2.9%
  • Utilities2.9%
  • Materials1.0%
  • Real Estate1.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 7.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1ACNAccenture PLC1.38%161,333$39.9M348
2ISRGIntuitive Surgical Inc1.25%80,290$36M423
3LMTLockheed Martin Corp1.21%54,079$34.8M415
4LLYEli Lilly & Co1.20%25,230$34.7M593
5TXNTexas Instruments Inc1.18%108,420$33.9M516
6AMGNAmgen Inc1.16%72,594$33.4M503
7TMOThermo Fisher Scientific Inc1.15%46,915$33.3M386
8PLTRPalantir Technologies Inc1.14%167,379$32.9M531
9ABBVAbbVie Inc1.14%113,039$32.9M523
10DHRDanaher Corp1.14%138,504$32.8M344
11WMTWalmart Inc1.13%267,996$32.5M469
12GILDGilead Sciences Inc1.12%194,835$32.3M494
13EMREmerson Electric Co1.12%188,707$32.2M321
14PANWPalo Alto Networks Inc1.12%84,637$32.2M505
15MOAltria Group Inc1.11%417,769$32.1M376

Showing 1–15 of 103 holdings

EQWL Performance

Launched Dec 1, 2006

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

EQWL$11,541
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. EQWL $11,541. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for EQWL. Periods over one year show the average yearly return.
PeriodEQWL
Year to date+13.3%
1 month+2.4%
3 months+1.9%
1 year+15.4%
3 yearsper year+22.1%
5 yearsper year+11.6%
10 yearsper year+14.7%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for EQWL
YearReturn barEQWL
2026 YTD+13.3%
2025+17.6%
2024+19.1%
2023+19.5%
2022−11.5%
2021+28.3%
2020+14.0%

EQWL in the news

EQWL Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
1.56%Last 12 months
Payout per share
$2.07Last 12 months
Last payment
$0.51 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 38 payments from 2017 to 2026 YTD. Jun 16, 2017 $0.22; Sep 18, 2017 $0.19; Dec 18, 2017 $0.26; Mar 19, 2018 $0.17; Jun 18, 2018 $0.28; Sep 24, 2018 $0.30; Dec 24, 2018 $0.34; Mar 18, 2019 $0.22; Jun 24, 2019 $0.30; Sep 23, 2019 $0.35; Dec 23, 2019 $0.39; Mar 23, 2020 $0.34; Jun 22, 2020 $0.33; Sep 21, 2020 $0.35; Dec 21, 2020 $0.36; Mar 22, 2021 $0.33; Jun 21, 2021 $0.30; Sep 20, 2021 $0.37; Dec 20, 2021 $0.42; Mar 21, 2022 $0.41; Jun 21, 2022 $0.41; Sep 19, 2022 $0.39; Dec 19, 2022 $0.38; Mar 20, 2023 $0.44; Jun 20, 2023 $0.41; Sep 18, 2023 $0.43; Dec 18, 2023 $0.45; Mar 18, 2024 $0.47; Jun 24, 2024 $0.48; Sep 23, 2024 $0.49; Dec 23, 2024 $0.47; Mar 24, 2025 $0.53; Jun 23, 2025 $0.44; Sep 22, 2025 $0.48; Dec 22, 2025 $0.52; Mar 23, 2026 $0.53; Jun 22, 2026 $0.51; Sep 21, 2026 $0.51. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 21, 2026Sep 25, 2026$0.51
Jun 22, 2026Jun 26, 2026$0.51
Mar 23, 2026Mar 27, 2026$0.53
Dec 22, 2025Dec 26, 2025$0.52
Sep 22, 2025Sep 26, 2025$0.48
Jun 23, 2025Jun 27, 2025$0.44
Mar 24, 2025Mar 28, 2025$0.53
Dec 23, 2024Dec 27, 2024$0.47
Sep 23, 2024Sep 27, 2024$0.49
Jun 24, 2024Jun 28, 2024$0.48
Mar 18, 2024Mar 22, 2024$0.47
Dec 18, 2023Dec 22, 2023$0.45

See all 76 payments⁠

$10,000 in EQWL 10 years ago paid $3,676 in dividends.⁠

EQWL Risk

Risk pillarB65 out of 100Rank 2 of 9 in US Equal Weight
How much the fund’s monthly returns vary, scaled to a year.
11.1%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.47
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−23.0%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.91
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

EQWL Cost

Compare EQWL and GSEW

Overpaying vs GSEW, tied cheapest in US Equal Weight

$3,261

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • EQWL 0.25%

    $5,159

  • GSEW 0.09% Tied cheapest

    $1,898

$10,000
30 years

Cost over time

  • EQWL 0.25%
  • GSEW 0.09%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530EQWL $5,159GSEW $1,898

Year by year

YearEQWLGSEWOverpaying
10$455$165$290
20$1,769$646$1,123
30$5,159$1,898$3,261
How the 0.25% is worked out

Full fee 0.30%− waiver 0.05%= you pay 0.25%

The waiver ends Aug 31, 2028. After that the fee is 0.30% unless Invesco renews it. Source: prospectus, Aug 2026.

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