ETF report · NYSE Arca
Invesco S&P 100 Equal Weight ETF (EQWL)
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EQWL ETF chart
Key statistics
About EQWL
The Invesco S&P 500 Equal Weight ETF (EQWL) is an exchange-traded fund that tracks the performance of the S&P 500 Equal Weight Index. This index is made up of the same 500 companies as the S&P 500, but each company is given an equal weight instead of being weighted by market capitalization. As a result, smaller companies have a larger influence on the index's performance compared to the S&P 500.
The EQWL ETF aims to provide investors with a diversified exposure to large-cap US stocks, while also minimizing concentration risk that may arise from the market-cap weighted approach. By investing in an equal weight ETF, investors can potentially benefit from the outperformance of smaller companies, which may not be as prominent in a market-cap weighted ETF.
The fund's top holdings are spread across a range of sectors, including information technology, healthcare, consumer discretionary, and financials.
Overall, the Invesco S&P 500 Equal Weight ETF may be a suitable choice for investors looking for broad exposure to the US stock market while minimizing concentration risk.
EQWL fund at a glance
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