Should Invesco S&P 100 Equal Weight ETF (EQWL) Be on Your Investing Radar?

Core Insights - The Invesco S&P 100 Equal Weight ETF (EQWL) is designed to provide broad exposure to the Large Cap Blend segment of the US equity market, with assets exceeding $1.56 billion, making it one of the larger ETFs in this category [1] Group 1: Large Cap Blend Overview - Large cap companies typically have a market capitalization above $10 billion, offering stability and more reliable cash flows compared to mid and small cap companies [2] - Blend ETFs hold a mix of growth and value stocks, exhibiting characteristics of both types of equities [2] Group 2: Cost Structure - The annual operating expenses for EQWL are 0.25%, which is competitive with most peer products in the space [3] - The ETF has a 12-month trailing dividend yield of 1.72% [3] Group 3: Sector Exposure and Holdings - The ETF has the largest allocation to the Financials sector at approximately 18.30%, followed by Information Technology and Healthcare [4] - Oracle Corp (ORCL) constitutes about 1.30% of total assets, with Nike Inc (NKE) and Goldman Sachs Group Inc (GS) also among the top holdings; the top 10 holdings represent about 11.11% of total assets [5] Group 4: Performance Metrics - EQWL aims to match the performance of the Russell Top 200 Equal Weight Index, gaining about 10.72% year-to-date and 18.04% over the past year as of July 24, 2025 [6] - The ETF has traded between $91.62 and $112.27 in the past 52 weeks [6] Group 5: Risk Assessment - EQWL has a beta of 0.94 and a standard deviation of 15.25% over the trailing three-year period, categorizing it as a medium risk option [7] - The ETF consists of approximately 103 holdings, effectively diversifying company-specific risk [7] Group 6: Alternatives and Market Position - EQWL holds a Zacks ETF Rank of 2 (Buy), indicating strong expected returns, favorable expense ratios, and positive momentum [8] - Other ETFs in the space include the SPDR S&P 500 ETF (SPY) and the Vanguard S&P 500 ETF (VOO), with SPY having $655.39 billion and VOO $699.11 billion in assets [9] Group 7: Market Trends - There is a growing trend among retail and institutional investors towards passively managed ETFs due to their low costs, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [10]