EQAL
Invesco Russell 1000 Equal Weight ETF
Invesco Russell 1000 Equal Weight Portfolio is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the Russell 1000? Equal Weight Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
634.1 M
ASSETS UNDER MGMT
20 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 23, 2014 |
| Assets (mns) | $634 |
| Expense ratio | 20 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| LUMENTUM HOLDINGS INC | 4.8 % |
| UBIQUITI INC. | 0.8 % |
| LIBERTY BROADBAND CORP. CLASS C | 0.7 % |
| CIENA CORP | 0.6 % |
| T-MOBILE US, INC. | 0.6 % |
| CISCO SYSTEMS INC | 0.6 % |
| CHARTER COMMUNICATIONS, INC. CLASS A | 0.6 % |
| MOTOROLA SOLUTIONS | 0.6 % |
| COMCAST CORP-CL A | 0.6 % |
| IRIDIUM COMMUNICATIONS INC. | 0.5 % |
Constituent Breakdown
| Number of holdings | 950 |
| Herfindahl-Hirschman Index | 40 |
| Wgt avg mkt cap (mns) | $51,318 |
| Large cap (>$10bn) | 69.0% |
| Mid cap ($2-10bn) | 29.1% |
| Small cap (<$2bn) | 1.8% |
| Developed mkts. | 99.9% |
| Emerging mkts. | 0.1% |
Country Exposure
 |
UNITED STATES | 92.0 % |
 |
BRITAIN | 0.9 % |
 |
IRELAND | 0.7 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 10.7% | 28.9% | 11.6% | 3.0% | 10.6% | -- | 8.6% | Volatility | 12.5% | 13.5% | 15.5% | 18.3% | 22.7% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.98 | 84% |
| MSCI EAFE | 0.95 | 80% |
| MSCI Emg Mkts | 0.72 | 46% |
Liquidity Measures
| Avg. volume (000) | 24 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.07% |
| ADV of underlying (mns) | $363,678 |
Technical Indicators
| Recent close | $49.59 |
| 30d moving avg. | $48.69 |
| Annualized volatility | 18.7% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 3.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. EQAL |
Expenses vs. EQAL |
ALTAR Score™ vs. EQAL |
|---|---|---|---|---|
| IWR | iShares Russell Midcap ETF | 51.1% | -1 bp | -0.9% |
| EUSA | iShares MSCI USA Equal Weighted ETF | 50.8% | -11 bp | -0.6% |
| SIZE | iShares MSCI USA Size Factor ETF | 50.4% | -5 bp | -0.7% |
| ONEO | SPDR Russell 1000 Momentum Focus ETF | 49.2% | 0 bp | +0.5% |
| DEUS | Xtrackers Russell US Multifactor ETF | 47.7% | -3 bp | +0.6% |
| RSP | Invesco S&P 500 Equal Weight ETF | 47.2% | 0 bp | -0.3% |
| IWS | iShares Russell Mid-Cap Value ETF | 47.1% | +3 bp | 0.0% |
| GSEW | Goldman Sachs Equal Weight U.S. Large Cap Equity ETF | 45.8% | -11 bp | -0.5% |
| JHMM | John Hancock Multifactor Mid Cap ETF | 44.9% | +22 bp | -0.2% |
| CFA | VictoryShares US 500 Volatility Wtd ETF | 44.1% | +15 bp | -0.7% |
Risk and Returns: EQAL vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/15/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
EQAL
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
EQAL
6.3%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. EQAL's ALTAR Score™ is approximately
0.4 standard deviations
above
the category average. This places EQAL in the 64th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
EQALSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| EQAL (20 bp) Percentile rank | 21 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| EQAL | 20.0 | 6.9 | 26.9 |
| Peer Avg. | 29.7 | 13.9 | 43.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .