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EQAL - ETF AI Analysis
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Invesco Russell 1000 Equal Weight ETF (EQAL)
Rating:68Neutral
Price Target:
$57.00
Positive Factors
Broad Sector Diversification
The ETF is spread across 12 sectors, reducing the risk of being overly dependent on any single industry.
Low Expense Ratio
With a 0.2% expense ratio, this ETF is cost-efficient compared to many actively managed funds.
Strong Year-to-Date Performance
The fund has delivered steady gains so far this year, reflecting positive overall momentum.
Negative Factors
Overwhelming U.S. Exposure
Nearly all of the ETF's assets are invested in U.S. companies, limiting protection against international market opportunities.
Underperforming Holdings
Some top holdings, like Iridium Communications, have lagged in performance, which could drag on overall returns.
Small Asset Base
With relatively modest assets under management, the ETF may face challenges in attracting larger institutional investors.
EQAL vs. SPDR S&P 500 ETF (SPY)
AUM676.77M
RegionNorth America
Expense Ratio0.20%
Beta0.81
IssuerInvesco
Inception DateDec 23, 2014
Dividend Yield1.76%
Asset ClassEquity
Index TrackedRussell 1000 Equal Weight
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume20,473
30 Day Avg. Volume27,379
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
59.85Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering999
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
EQAL Summary
The Invesco Russell 1000 Equal Weight ETF (EQAL) is a fund that invests in the top 1,000 U.S. companies, giving each company an equal share in the portfolio. This approach ensures a balanced exposure across industries, including technology, healthcare, and real estate. Well-known companies like Cisco Systems and Roku are part of its holdings. Investors might consider EQAL for diversification and the potential to benefit from smaller companies within the index that could outperform. However, new investors should be aware that the ETF’s performance can fluctuate with the overall stock market, as it is tied to large-cap U.S. equities.
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
The Invesco Russell 1000 Equal Weight ETF (EQAL) takes a balanced approach to U.S. large-cap investing, but its performance has been a mixed bag recently. Tech names like Cisco and Ubiquiti Networks are steady contributors, benefiting from innovation in AI and strong financial results, while Iridium Communications has struggled with bearish signals and revenue challenges. Meanwhile, Roku shows promise with revenue growth and strategic moves, though profitability concerns linger. With a broad sector mix led by technology and healthcare, EQAL avoids the pitfalls of over-concentration, offering a diversified play on the U.S. market.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| AST SpaceMobile | 0.88% | $5.96M | $23.73B | 214.64% | 54 Neutral | |
| Ciena | 0.73% | $4.98M | $28.42B | 177.10% | 70 Outperform | |
| Lumentum Holdings | 0.71% | $4.82M | $16.99B | 186.36% | 61 Neutral | |
| Roku | 0.52% | $3.51M | $15.49B | 38.58% | 71 Outperform | |
| Cisco Systems | 0.51% | $3.48M | $280.84B | 22.41% | 79 Outperform | |
| Frontier Communications Parent | 0.49% | $3.34M | $9.46B | 9.71% | 46 Neutral | |
| Millicom International Cellular SA | 0.49% | $3.33M | $7.98B | 74.94% | 70 Outperform | |
| Ubiquiti Networks | 0.49% | $3.31M | $45.95B | 95.64% | 58 Neutral | |
| GCI Liberty, Inc. Class C | 0.45% | $3.03M | $969.56M | ― | 61 Neutral | |
| Iridium Communications | 0.45% | $3.02M | $1.77B | -43.18% | 64 Neutral |
EQAL Technical Analysis
Positive
―
Price Trends
51.86
Negative
50.87
Positive
48.98
Positive
Market Momentum
-0.17
Positive
45.79
Neutral
18.24
Positive
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 51.91, equal to the 50-day MA of 51.86, and equal to the 200-day MA of 48.98, indicating a neutral trend. The MACD of -0.17 indicates Positive momentum. The RSI at 45.79 is Neutral, neither overbought nor oversold. The STOCH value of 18.24 is Positive, 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
51.39
1.38
2.76%
SEIM
SEI Enhanced U.S. Large Cap Momentum Factor ETF
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VOTE
Engine No. 1 Transform 500 ETF
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ONEY
SPDR Russell 1000 Yield Focus ETF
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AVLC
Avantis U.S. Large Cap Equity ETF
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DSPY
Tema S&P 500 Historical Weight ETF Strategy
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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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