EQALvsFEXETF Comparison
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Invesco Russell 1000 Equal Weight ETF (EQAL) belongs to the US Large Cap segment. First Trust Large Cap Core AlphaDEX Fund ETF (FEX) is part of the US Multi-Factor segment. EQAL's top 3 sector exposures are Finance, Technology and Healthcare. In contrast, FEX's top sector exposures are Finance, Technology and Industrials. EQAL is less expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.57% for FEX. EQAL is up 14.8% year-to-date (YTD) with +$37M in YTD flows. FEX performs better with 16.6% YTD performance, and -$10M in YTD flows. Run a side-by-side ETF comparison of EQAL and FEX below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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EQAL vs FEX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/03/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EQAL FEX | +0.61%+0.32% | +3.90%+6.43% | +14.80%+16.60% | +22.07%+24.28% | +47.62%+65.91% | +43.37%+66.91% |
| Flows | EQAL FEX | +$3M-$12M | +$6M+$8M | +$37M-$10M | +$32M-$32M | -$59M-$183M | +$48M-$198M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EQAL FEX | +10.28%+14.41% | +12.05%+13.20% | +14.95%+14.94% | +17.15%+16.93% |
| Max drawdown | EQAL FEX | -2.61%-3.74% | -6.60%-6.27% | -19.52%-19.51% | -21.70%-21.53% |
| Max drawdown duration | EQAL FEX | 15d34d | 44d47d | 233d232d | 869d757d |
Trading data
EQAL | FEX | |
Last sale 8/3/2026 at 7:59 PM | $59.87 | $139.84 |
| Previous close 08/03/2026 | $59.30 | $137.69 |
| Consolidated volume 08/03/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of July 31, 2026
1-year trailing difference
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EQAL | FEX | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 8/3/2026 at 7:59 PM
Live
Closed
EQAL | FEX | |
|---|---|---|
| Last price | $59.87 | $139.84 |
| 1D performance | +0.96% | +1.56% |
| AuM | $822.87 M | $1.58 B |
| E/R | 0.2% | 0.57% |
Characteristics
EQAL | FEX | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | First Trust |
| Benchmark | Russell 1000 Equal Weight Index | NASDAQ AlphaDEX Large Cap Core Index |
| N° of holdings | 1006 | 374 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 23, 2014 | May 8, 2007 |
| ESG | No | No |
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Exposure
Countries
EQAL
USA
95.49%
Other
4.51%
FEX
USA
96.22%
Other
3.78%
Sectors
EQAL
Finance
19.45%
Technology
12.22%
Healthcare
10.18%
Non-Energy Materi.
10.11%
Consumer Non-Cycl.
9.57%
Utilities
8.26%
Other
30.21%
FEX
Finance
20.42%
Technology
18.76%
Industrials
17.76%
Healthcare
9.11%
Utilities
7.05%
Other
26.9%
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Diversification
EQAL
Total weight of top 15 holdings out of 15
6.15%
FEX
Total weight of top 15 holdings out of 15
12.1%
Top 15 holdings
Data as of June 30, 2026
EQAL
Ciena Corp.
0.45%
Comcast Corp.
0.42%
Verizon Communications, Inc.
0.41%
Liberty Broadband Corp.
0.41%
AT&T, Inc.
0.41%
Charter Communications, Inc.
0.41%
T-Mobile US, Inc.
0.41%
Motorola Solutions, Inc.
0.41%
Millicom International Cellular SA
0.41%
Globalstar, Inc.
0.41%
Liberty Global Ltd.
0.41%
Roku, Inc.
0.40%
Viavi Solutions, Inc.
0.40%
Cisco Systems, Inc.
0.40%
Iridium Communications, Inc.
0.39%
FEX
Sandisk Corp.
1.24%
Micron Technology, Inc.
1.19%
Dell Technologies, Inc.
1.01%
Seagate Technology Holdings Plc
0.91%
Western Digital Corp.
0.86%
Marvell Technology, Inc.
0.85%
Advanced Micro Devices, Inc.
0.83%
Bloom Energy Corp.
0.83%
Humana, Inc.
0.73%
MKS, Inc.
0.69%
Corning, Inc.
0.63%
MACOM Technology Solutions Holdings, Inc.
0.61%
Applied Materials, Inc.
0.59%
United Airlines Holdings, Inc.
0.57%
Teradyne, Inc.
0.56%
Frequently asked questions about EQAL and FEX
How have the EQAL and FEX ETFs performed in 2026?
As of August 3, 2026, EQAL is up 14.8% year-to-date (YTD), while FEX has returned 16.6%. That puts FEX better performer ahead so far this year.
Which ETF is attracting more investor money: EQAL or FEX?
Year-to-date, the EQAL ETF saw +$37M in flows, compared to -$10M for FEX.
Which ETF is more volatile: EQAL or FEX?
Over the past year, EQAL had a volatility of 12.05%, while FEX experienced 13.2%.
Which ETF is bigger: EQAL or FEX?
As of August 3, 2026, EQAL holds $822.87 M in assets under management (AUM), while FEX manages $1.58 B.
What sectors do the EQAL and FEX ETFs invest in?
EQAL leans toward sectors like Finance, Technology and Healthcare. Meanwhile, FEX focuses on Finance, Technology and Industrials.
What are the top holdings of the EQAL ETF and FEX ETF?
EQAL top holdings include Ciena Corp., Comcast Corp. and Verizon Communications, Inc.. FEX holds in its top three: Sandisk Corp., Micron Technology, Inc. and Dell Technologies, Inc..
Which ETF is more diversified: EQAL or FEX?
EQAL holds 1011 securities with 6.15% of its assets in the top 15. FEX has 374 securities and a top 15 weight of 12.1%.
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Latest news about EQAL & FEX
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