Data as of Oct 28, 2026.
EQWL vs FNDX: Differences, Returns & Fees
Over the year to Oct 28, 2026, EQWL returned +15.1% to FNDX's +23.9%; 44% of their weight is in the same names.
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Net assets: $2.8bn on Oct 27, 2026 for Invesco S&P 100 Equal Weight ETF, and $27.6bn on Aug 31, 2026 for Schwab Fundamental U.S. Large Company ETF.
Pair scorecard
Both cost 0.25% a year; their one-year returns differ by 8.8 points.
Points (pts) are percentage points.
| Measure | EQWL | FNDX |
|---|---|---|
| Return | ||
| Total return, 1 year | +15.1% | +23.9% |
| Benchmark | ||
| What it tracks | S&P 100 Equal Weight Index | Fundamental U.S. Large Company |
| Cost and size | ||
| Expense ratio | 0.25% | 0.25% |
| Net assets, EQWL as of Oct 27, 2026 and FNDX as of Aug 31, 2026 | $2.8bn | $27.6bn |
| Holdings | ||
| Holdings in common | 44% | |
| Top ten holdings, share of the fund | 11.9% | 21.0% |
Holdings in common uses holdings dated Aug 31, 2026 and Oct 27, 2026. Method
What they share
By the books each fund has filed, EQWL and FNDX hold 44% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
44% in common
Only in one fund ↓
Side by side
EQWL and FNDX on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
EQWL and FNDX are built for the same job. How do they differ in cost, holdings and results?
- What each follows. EQWL follows S&P 100 Equal Weight Index and FNDX follows Fundamental U.S. Large Company.
- Holdings in common. 44% of the weight is in the same securities (holdings dated Oct 27, 2026 and Aug 31, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 EQWL returned +15.1% and FNDX +23.9% with distributions reinvested, a gap of 8.8 points.
Data as of Oct 28, 2026.
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EQWL
EQWL tracks an index. Over the year to Oct 28, 2026 it returned +15.1% with distributions reinvested. The prospectus expense ratio is 0.25% a year. By its holdings published by its issuer for Oct 27, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 103 positions, with the top ten at 11.9%.
Over the year to Oct 28, 2026 it returned +23.9% with distributions reinvested, against +13.1% for its benchmark, the Russell 1000 Index.
FNDX tracks an index of Fundamental U.S. Large Company. By its holdings filed for Aug 31, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 731 positions, with the top ten at 21.0%.
Questions people ask
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, EQWL against FNDX, data as of Oct 28, 2026. https://etfiq.com/compare/any/eqwl-vs-fndx
ETFIQ. (Oct 28, 2026). EQWL against FNDX. Retrieved from https://etfiq.com/compare/any/eqwl-vs-fndx
[EQWL against FNDX (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/eqwl-vs-fndx)
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