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ETFs

Invesco Russell 1000 Equal Weight ETF

EQAL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 23, 2014
Expense Ratio
0.20%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$1,404,364
AUM
$623,446,656
Associated Index
Russell 1000 Equal Weight Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

CHTR
Charter Communications Inc. - Ordinary Shares - Class A
0.53%
FYBR
Frontier Communications Parent Inc
0.52%
DISH
Dish Network Corp - Ordinary Shares - Class A
0.51%
LBRDK
Liberty Broadband Corp - Ordinary Shares - Series C
0.51%
T
AT&T, Inc.
0.51%
TMUS
T-Mobile US Inc
0.50%
CABO
Cable One Inc
0.50%
IRDM
Iridium Communications Inc
0.50%
CMCSA
Comcast Corp - Ordinary Shares - Class A
0.50%
VZ
Verizon Communications Inc
0.49%
Invest with EQAL

What is EQAL?

The Invesco Russell 1000 Equal Weight ETF (Fund) is based on the Russell 1000 Equal Weight Index (Index). The Fund will generally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is composed of securities in the Russell 1000 Index and is equally weighted across nine sector groups with each security within the sector receiving equal weight. The Fund and Index are re-weighted at the close of the close of third Friday in March, September, and December. It is also re-weighted at the close of the last Friday in June when the Russell 1000 is reconstituted.

ETFs related toEQAL

ETFs correlated to EQAL include IWR, EUSA, SIZE

EQAL
Invesco Capital Management LLC - Invesco Russell 1000 Equal Weight ETF
IWR
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap ETF
EUSA
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Equal Weighted ETF
SIZE
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Size Factor ETF
IWS
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Value ETF
IMCB
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap ETF
RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF
VO
Vanguard Group, Inc. - Vanguard Mid-Cap ETF
SCHM
Schwab Strategic Trust - Schwab U.S. Mid-Cap ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
JPME
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Mid Cap Equity ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
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Risk Rating

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Grow Your Portfolio, Diversification

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Create your own algorithmic trading strategy with EQAL using Composer

News Related to EQAL

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Nov 9, 2015 • by Benzinga
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Long-Term Investors Should Get To Know This Equal-Weight ETF

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The Survey Says Advisors Love Smart Beta ETFs

Sep 29, 2015 • by Benzinga
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FAQ

EQAL is a US Equities ETF. The Invesco Russell 1000 Equal Weight ETF (Fund) is based on the Russell 1000 Equal Weight Index (Index). The Fund will generally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is composed of securities in the Russell 1000 Index and is equally weighted across nine sector groups with each security within the sector receiving equal weight. The Fund and Index are re-weighted at the close of the close of third Friday in March, September, and December. It is also re-weighted at the close of the last Friday in June when the Russell 1000 is reconstituted.

EQAL tracks the Russell 1000 Equal Weight Index.

No, EQAL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, EQAL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on EQAL is -0.0164%. This is the percent change in the value of EQAL over the most recent 1-month period. The 3-month return on EQAL is -0.0051%. This is the percent change in the value of EQAL over the most recent 3-month period.

The standard deviation of EQAL for the past year is 0.1904%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to EQAL include IVV, MDY, and IJR.

ETFs correlated to EQAL include IWR, EUSA, and SIZE.

ETFs that are inversely correlated to EQAL include TZA, RWM, and TWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.