Data as of Oct 28, 2026.
EQWL vs SPLV: Differences, Returns & Fees
Over the year to Oct 28, 2026, EQWL returned +15.1% to SPLV's +7.0%; 21% of their weight is in the same names.
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Net assets on Oct 27, 2026: $2.8bn for Invesco S&P 100 Equal Weight ETF and $7.4bn for Invesco S&P 500 Low Volatility ETF.
Pair scorecard
Both cost 0.25% a year; their one-year returns differ by 8.1 points; SPLV is 2.6 times larger.
| Measure | EQWL | SPLV |
|---|---|---|
| Return | ||
| Total return, 1 year | +15.1% | +7.0% |
| Drawdown | ||
| Below its high | 3.2%, high on Jul 28, 2026 | |
| Benchmark | ||
| What it tracks | S&P 100 Equal Weight Index | S&P 500 Low Volatility Index |
| Cost and size | ||
| Expense ratio | 0.25% | 0.25% |
| Net assets, as of Oct 27, 2026 | $2.8bn | $7.4bn |
| Holdings | ||
| Holdings in common | 21% | |
| Top ten holdings, share of the fund | 11.9% | 12.9% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
May 13, 2011 to Oct 23, 2026 · 806 weekly returnsEQWL returned more: +591.3% to +326.1%. SPLV swung slightly less: 14.1% to 15.6%. EQWL and SPLV fell about the same at their worst: −32.9% and −32.9%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | EQWL | SPLV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +591.3% | +326.1% | EQWL | Price change plus distributions, reinvested. |
| Annualized | +13.3% | +9.8% | EQWL | Total return as a yearly rate. |
| Price return | +404.5% | +197.7% | EQWL | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 15.6% | 14.1% | SPLV (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 10.8% | 9.9% | SPLV (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −32.9% | −32.9% | Tie | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.77 | 0.62 | EQWL | Return above Treasury bills per unit of volatility. |
| Sortino | 1.12 | 0.88 | EQWL | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.40 | 0.30 | EQWL | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 806 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, EQWL and SPLV hold 21% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
21% in common
Only in one fund ↓
Side by side
EQWL and SPLV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
EQWL and SPLV 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 SPLV follows S&P 500 Low Volatility Index.
- Holdings in common. 21% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 EQWL returned +15.1% and SPLV +7.0% with distributions reinvested, a gap of 8.1 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%.
SPLV
SPLV tracks an index. Over the year to Oct 28, 2026 it returned +7.0% with distributions reinvested. 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 108 positions, with the top ten at 12.9%. It sat 3.2% below its high of Jul 28, 2026 on Oct 28, 2026.
Questions people ask
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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 SPLV, data as of Oct 28, 2026. https://etfiq.com/compare/any/eqwl-vs-splv
ETFIQ. (Oct 28, 2026). EQWL against SPLV. Retrieved from https://etfiq.com/compare/any/eqwl-vs-splv
[EQWL against SPLV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/eqwl-vs-splv)
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