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DFVE vs EQAL

DoubleLine Fortune 500 Equal Weight ETF

DFVEBNYSE Arca

Invesco Russell 1000 Equal Weight ETF

EQALANYSE Arca

Overlap

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

DFVE0.20%EQAL0.20%

Avg volume · 30D

EQAL 4.4×the volume

DFVE7.62KEQAL33.7K

DFVE vs EQAL Performance

Oct 31, 2025 – Oct 30, 2026

+19.0%DFVE+16.4%EQAL

Oct 31, 2025 to Oct 30, 2026. DFVE +19.0%. EQAL +16.4%. Use the arrow keys to read each point.0%5%10%Oct 2025Apr 2026Oct 2026
Expense ratio
DFVE 0.20%
EQAL 0.20%
Fund size
DFVE $46M
EQAL $820M
1Y total return
DFVE +19.0%, better
EQAL +16.4%
Yield (12M)
DFVE 1.34%
EQAL 1.71%, better
Holdings
DFVE 466
EQAL 1013
Avg volume (30D)
DFVE 7.62K sh
EQAL 33.7K sh, better
NAV per share
DFVE $36.56
EQAL $59.12
52W range

ETF.net Grade

DFVE: Cost 62, Risk 43, Mission 96, Tradability 23, Holdings 100, Durability 33. EQAL: Cost 62, Risk 42, Mission 98, Tradability 67, Holdings 77, Durability 72.
Pillar letters and Scores for DFVE, EQAL, with each pillar’s weight
PillarDFVEEQAL
Cost30% weightB62B62
Mission25% weightA96A98Higher
Risk15% weightC43HigherC42
Tradability15% weightF23B67Higher
Holdings10% weightA100HigherA77
Durability5% weightD33A72Higher

Rank among US Equal Weight funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. DFVE and EQAL are both graded against the same 9 US Equal Weight funds, so their Grades compare head to head.

US Equal Weight⁠

Category · 9 funds
See all 9 ›

EQAL ranks 3rd and DFVE 6th of 9 funds in the US Equal Weight Category.

  1. Rank 1AEUSAiShares MSCI USA Equal Weighted ETFScore 80
  2. Rank 2AGSEWGoldman Sachs Equal Weight U.S. Large Cap Equity ETFScore 78
  3. Rank 3AEQALInvesco Russell 1000 Equal Weight ETFScore 70
  4. Rank 4BEQLALPS Equal Sector Weight ETFScore 66
  5. Rank 5BEQWLInvesco S&P 100 Equal Weight ETFScore 65
  6. Rank 6BDFVEDoubleLine Fortune 500 Equal Weight ETFScore 63
  7. Rank 7CQEWInvesco QQQ Equal Weight ETFScore 45

Our read on each fund

ETF.net Research

DFVEBDoubleLine Fortune 500 Equal Weight ETF

EQALAInvesco Russell 1000 Equal Weight ETF

In short

DFVE Most equal-weight funds start with a market-cap index. This one starts with the Fortune 500, a ranking by revenue, then splits money evenly across the members that are public, US-incorporated and liquid enough to trade.

EQAL Most equal-weight funds flatten the stocks and let sector weights land wherever the stock count falls. EQAL flattens the sectors first, then the names inside each one, across roughly 1,000 US large and mid caps.

Stated mandate

DFVE The fund seeks to track the investment results of the Barclays Fortune 500 Equal Weighted Total Return Index, using equal investments across eligible public companies in the annual Fortune 500 list.

EQAL The Fund seeks to track, before fees and expenses, the Russell 1000 Equal Weight Index by investing primarily in securities that comprise its underlying index.

Why people hold it

  • DFVE Revenue picks the roster, not market cap. The Fortune 500 list minus private firms, non-NYSE/Nasdaq listings, MLPs, foreign-incorporated names and illiquid ones.doubleline.com
  • Every holding gets the same slice at the annual reconstitution and each quarterly rebalance, so the trillion-dollar giants carry no more weight than the smallest member.doubleline.com
  • It has stuck tightly to its Barclays index rather than drifting, and the portfolio spreads risk across hundreds of large US companies with no concentrated bets.
  • A plain 1940 Act stock fund with quarterly distributions. No swaps-only wrapper, no K-1, no leverage dressing up the exposure.
  • EQAL Two layers of leveling: nine sector groups each get the same slice, then every stock inside a sector gets the same slice. Sector concentration is reset by design, not inherited from the parent index.invesco.com
  • Roughly 1,000 holdings drawn from the Russell 1000, so the portfolio reaches well past the mega-cap tier and no handful of giants sets the tone.
  • A 0.20% expense ratio, right at the middle of the equal-weight group, on a methodology this fund has run since its 2014 launch.
  • The portfolio hews tightly to the equal-weight mandate it advertises, and the fund sits in the upper half of its peer group overall.

Worth knowing

  • DFVE 0.20% is the middle of the equal-weight pack. GSEW and EUSA run 0.09% for broad equal-weight US large caps, though neither uses the Fortune 500 roster.
  • Small and lightly traded next to the household-name equal-weight funds, which tends to mean wider spreads on the way in and out.
  • Launched in 2024, so the track record is short and the fund is still building scale.prnewswire.com
  • EQAL Thinly traded next to the household names of equal weight. Spreads and limit orders matter more here than in a heavily traded fund.
  • Cheaper equal-weight large-cap options exist: GSEW and EUSA both charge 0.09%, less than half of EQAL's fee.
  • Flattening sectors and stocks means the fund keeps trimming what has run and adding to what has lagged, and it carries more mid-cap exposure than a cap-weighted large-cap fund.invesco.com

Full DFVE profile⁠

Full EQAL profile⁠

DFVE vs EQAL Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DFVE vs EQAL Cost

Same expense ratio

$4,155

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

  • DFVE 0.20%

    $4,155

  • EQAL 0.20%

    $4,155

$10,000
30 years

Cost over time

  • DFVE 0.20%
  • EQAL 0.20%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K$5K051015202530DFVE $4,155EQAL $4,155

Year by year

YearDFVEEQAL
10$365$365
20$1,421$1,421
30$4,155$4,155

Expense ratio

  • 0.20%DFVE
  • 0.20%EQAL
  • Middle half of US Equal Weight funds
  • Median 0.20%

DFVE 4th cheapest of 9 funds

EQAL 4th cheapest of 9 funds

DFVE vs EQAL Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DFVE 1.34%
EQAL 1.71%, better
Payout (12M)
DFVE $0.49
EQAL $1.01
Last payment
DFVE $0.12
EQAL $0.27
Ex-dividend
DFVE Oct 1, 2026
EQAL Sep 21, 2026
Paid on
DFVE Oct 7, 2026
EQAL Sep 25, 2026
Frequency
DFVE Quarterly
EQAL Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DFVEQuarterly · 11 paymentsAll DFVE payments⁠
One bar per payment. 11 payments from 2017 to 2026 YTD. Apr 1, 2024 $0.08; Jul 1, 2024 $0.11; Oct 1, 2024 $0.11; Dec 23, 2024 $0.13; Apr 1, 2025 $0.12; Jul 1, 2025 $0.12; Oct 1, 2025 $0.12; Dec 23, 2025 $0.13; Apr 1, 2026 $0.12; Jul 1, 2026 $0.13; Oct 1, 2026 $0.12. Use the arrow keys to read each point.$0$0.252017202020232026YTD
EQALQuarterly · 39 paymentsAll EQAL payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.03; Jun 16, 2017 $0.09; Sep 18, 2017 $0.11; Dec 18, 2017 $0.14; Mar 19, 2018 $0.07; Jun 18, 2018 $0.11; Sep 24, 2018 $0.15; Dec 24, 2018 $0.13; Mar 18, 2019 $0.07; Jun 24, 2019 $0.13; Sep 23, 2019 $0.15; Dec 23, 2019 $0.19; Mar 23, 2020 $0.16; Jun 22, 2020 $0.15; Sep 21, 2020 $0.14; Dec 21, 2020 $0.17; Mar 22, 2021 $0.20; Jun 21, 2021 $0.17; Sep 20, 2021 $0.17; Dec 20, 2021 $0.10; Mar 21, 2022 $0.19; Jun 21, 2022 $0.20; Sep 19, 2022 $0.23; Dec 19, 2022 $0.16; Mar 20, 2023 $0.20; Jun 20, 2023 $0.19; Sep 18, 2023 $0.23; Dec 18, 2023 $0.21; Mar 18, 2024 $0.19; Jun 24, 2024 $0.17; Sep 23, 2024 $0.22; Dec 23, 2024 $0.21; Mar 24, 2025 $0.23; Jun 23, 2025 $0.21; Sep 22, 2025 $0.26; Dec 22, 2025 $0.25; Mar 23, 2026 $0.25; Jun 22, 2026 $0.25; Sep 21, 2026 $0.27. Use the arrow keys to read each point.$0$0.252017202020232026YTD

DFVE vs EQAL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
DFVE 13.1%since Mar 2024EQAL 13.0%
Return per unit of riskSharpe ratio, 3 years
DFVE 0.81since Mar 2024EQAL 1.00
Worst fallMax drawdown, 5 years
DFVE −19.4%since Feb 2024EQAL −21.8%
Market sensitivityBeta, 5 years
DFVE 0.81EQAL 0.81Same figure. Both funds show the same value, so neither comes out ahead.

Popular comparisons

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