EQWL is a smart beta ETF focused on large cap blend with potential market outperformance

From Nasdaq: 2024-07-05 14:01:01

The Invesco S&P 100 Equal Weight ETF (EQWL) was launched on 12/01/2006, offering broad exposure to the Style Box – Large Cap Blend category. Smart beta ETFs track non-cap weighted strategies for potential outperformance. EQWL has $679.72 million in assets and seeks to match the Russell Top 200 Equal Weight Index.

Market cap weighted indexes provide cost-effective replication of market returns, while smart beta ETFs offer strategies for potential market outperformance. EQWL has a 0.25% expense ratio, 1.93% dividend yield, and top holdings in Financials, Information Technology, and Industrials sectors.

Nodes in the EQWL portfolio include Nvidia Corp, Broadcom Inc, and Qualcomm Inc, with top 10 holdings accounting for 12.65% of assets. EQWL has gained 9.35% YTD and 18.18% in the last year. With a beta of 0.97 and standard deviation of 15.41%, it is medium risk.

Investors should consider alternatives like iShares Core S&P 500 ETF (IVV) and SPDR S&P 500 ETF (SPY) in the Large Cap Blend segment. IVV has $499.53 billion in assets, 0.03% expense ratio, while SPY has $553.57 billion in assets and 0.09% expense ratio.



Read more at Nasdaq: Is Invesco S&P 100 Equal Weight ETF (EQWL) a Strong ETF Right Now?