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EQAL - ETF AI Analysis
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Invesco Russell 1000 Equal Weight ETF (EQAL)
Rating:68Neutral
Price Target:―
Positive Factors
Equal-Weight Approach
The fund spreads its investments fairly evenly across many stocks, reducing reliance on just a few mega-cap names.
Broad Sector Diversification
Holdings are spread across many sectors, including technology, industrials, health care, real estate, energy, and more, which helps reduce the impact of weakness in any single industry.
Moderate Expense Ratio
The fund’s expense ratio is relatively low for an equal-weight strategy, helping investors keep more of their returns over time.
Negative Factors
Heavy U.S. Concentration
The ETF is invested almost entirely in U.S. companies, offering very limited international diversification.
Mixed Performance Among Top Holdings
While some top positions have shown strong gains, others have been weak or lagging, which can create uneven contribution to returns.
Exposure to Smaller and Less Established Names
The equal-weight design gives meaningful weight to smaller or less established companies, which can be more volatile and sensitive to market swings.
EQAL vs. SPDR S&P 500 ETF (SPY)
AUM750.06M
RegionNorth America
Expense Ratio0.20%
Beta0.79
IssuerInvesco
Inception DateDec 23, 2014
Dividend Yield1.66%
Asset ClassEquity
Index TrackedRussell 1000 Equal Weight
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume109,662
30 Day Avg. Volume43,692
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
63.40Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering991
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
EQAL Summary
EQAL is an ETF that follows the Russell 1000 Equal Weight Index, which includes 1,000 of the largest U.S. companies but gives each stock roughly the same importance instead of letting the biggest companies dominate. It spreads your money across many sectors, including technology, health care, and energy. Well-known holdings include Comcast and Verizon. Someone might invest in EQAL to get broad, diversified exposure to large U.S. companies and avoid being overly concentrated in a few giants. A key risk is that the value of the ETF can go up and down with the overall stock market.
How much will it cost me?The Invesco Russell 1000 Equal Weight ETF (EQAL) has an expense ratio of 0.20%, which means you’ll pay $2 per year for every $1,000 invested. This is lower than average for actively managed funds because EQAL follows a passive strategy by tracking an index, which typically keeps costs down.
What would affect this ETF?The EQAL ETF, with its equal-weighted approach to large-cap U.S. stocks, could benefit from a strong U.S. economy and growth in sectors like technology and health care, which are among its largest exposures. However, it may face challenges if interest rates rise, as this could negatively impact sectors like real estate and utilities, or if economic uncertainty affects consumer spending and cyclical industries. Its broad diversification helps mitigate risks tied to individual companies or sectors, but overall market downturns could still impact performance.
EQAL Top 10 Holdings
EQAL’s story is less about one star and more about a deep U.S. bench, but a few names are still steering the ship. Satellite players AST SpaceMobile and Iridium have been rising, giving the fund a lift from the communications and space-tech corner, while Millicom adds a steady, if leveraged, telecom presence. On the flip side, Comcast and Verizon have been losing a bit of steam, and Roku and Lumentum are more mixed, with recent stumbles offsetting earlier strength. Overall, sector exposure is broad across U.S. large caps, with no single theme dominating.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Lumentum Holdings | 0.69% | $5.21M | $40.18B | 624.43% | 61 Neutral | |
| Millicom International Cellular SA | 0.58% | $4.42M | $10.98B | 143.46% | 71 Outperform | |
| Motorola Solutions | 0.57% | $4.33M | $76.49B | 5.39% | 70 Neutral | |
| Ciena | 0.57% | $4.32M | $42.99B | 238.44% | 70 Outperform | |
| Iridium Communications | 0.56% | $4.24M | $2.43B | -26.75% | 71 Outperform | |
| Ubiquiti Networks | 0.56% | $4.24M | $43.58B | 111.02% | 60 Neutral | |
| Verizon | 0.55% | $4.20M | $206.65B | 19.56% | 81 Outperform | |
| AT&T | 0.54% | $4.07M | $200.85B | 10.90% | 71 Outperform | |
| GCI Liberty, Inc. Class C | 0.53% | $4.03M | $1.51B | ― | 57 Neutral | |
| Comcast | 0.52% | $3.94M | $113.58B | -10.79% | 74 Outperform |
EQAL Technical Analysis
Positive
―
Price Trends
54.15
Positive
52.88
Positive
50.96
Positive
Market Momentum
0.73
Negative
65.76
Neutral
77.68
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For EQAL, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 55.52, equal to the 50-day MA of 54.15, and equal to the 200-day MA of 50.96, indicating a bullish trend. The MACD of 0.73 indicates Negative momentum. The RSI at 65.76 is Neutral, neither overbought nor oversold. The STOCH value of 77.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EQAL.
EQAL Peer Comparison
Comparison Results
Performance Comparison
EQAL
Invesco Russell 1000 Equal Weight ETF
56.79
7.22
14.57%
EFIV
SPDR S&P 500 ESG ETF
―
―
―
VOTE
Engine No. 1 Transform 500 ETF
―
―
―
NBCR
Neuberger Berman Core Equity ETF
―
―
―
QQQJ
Invesco NASDAQ Next Gen 100 ETF
―
―
―
ONEY
SPDR Russell 1000 Yield Focus ETF
―
―
―
Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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