EQWL: INVESCO S&P 100 EQUAL WEIGHT ETF
EQWL: INVESCO S&P 100 EQUAL WEIGHT ETF
The INVESCO S&P 100 EQUAL WEIGHT ETF (EQWL) is designed to provide exposure to the S&P 100 index using an equal-weight strategy. This means instead of having much larger companies take up most of the fund, each company is given a similar amount of importance in the portfolio.
What this ETF is trying to do
This ETF aims to track a specific group of large companies. By using an "equal weight" approach, the fund gives each company in its list a roughly equal share of the total investment. This is different from many other funds where the biggest companies have much more influence over how the fund performs.
What the numbers show
The data shows that EQWL has experienced growth in both its share price and its total return.
• Price Return: This measures only the change in the share price. The year-to-date (YTD) price return is approximately 10.99%. Over the last year, the price return was about 13.83%. Looking back three years, the price return was approximately 67.45%.
• Total Return: This includes both the share price changes and the money paid out through distributions. The YTD total return is approximately 12.38%. The one-year total return was about 15.75%. Over three years, the total return was approximately 76.87%.
An estimated price from roughly one year ago was $115.22, compared to the current price of $131.15.
Income and distribution explanation
EQWL provides cash distributions to investors. The distribution yield is approximately 1.57%. This number describes the cash payments relative to the current ETF price. The fund usually pays these out quarterly, with 4 payments recorded over the last 12 months. The trailing distributions are approximately $2.07 per share.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
However, the fund's price-based health looks strong. The erosion-risk score is 100, which is labeled as "No price erosion detected," and the erosion severity is rated as "good." There is no severe erosion-risk flag for this ETF.
Top Holdings
The following are the top holdings in the fund (note that this is a partial list):
• ADVANCED MICRO DEVICES INC (1.20%)
• INTEL CORP (1.16%)
• INTUITIVE SURGICAL INC (1.14%)
• META PLATFORMS INC CLASS A (1.13%)
• PALO ALTO NETWORKS INC (1.12%)
• QUALCOMM INC (1.12%)
• PLTR (1.09%)
• THERMO FISHER SCIENTIFIC INC (1.09%)
• APPLE INC (1.08%)
• DANAHER CORP (1.08%)
Holdings can change over time.
Pros
• The fund has shown positive price returns and total returns over the last year and three years.
• The erosion-risk score indicates no detected price erosion.
Cons
• The distribution yield is relatively low compared to some other types of income-focused funds.
Beginner takeaway
EQWL is an ETF that uses an equal-weight strategy for its holdings. It has shown growth in both share price and total return over the measured periods. While it provides some income through quarterly distributions, its main characteristic is its diversified approach to large-cap companies.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | ADVANCED MICRO DEVICES INC | AMD | 1.20% |
| 2 | INTEL CORP | INTC | 1.16% |
| 3 | INTUITIVE SURGICAL INC | ISRG | 1.14% |
| 4 | META PLATFORMS INC CLASS A | META | 1.13% |
| 5 | PALO ALTO NETWORKS INC | PANW | 1.12% |
| 6 | QUALCOMM INC | QCOM | 1.12% |
| 7 | n/a | PLTR | 1.09% |
| 8 | THERMO FISHER SCIENTIFIC INC | TMO | 1.09% |
| 9 | APPLE INC | AAPL | 1.08% |
| 10 | DANAHER CORP | DHR | 1.08% |