Is Invesco S&P 100 Equal Weight ETF (EQWL) a Strong ETF Right Now?

EQWL is a smart beta ETF launched in 2006 that tracks the Russell Top 200 Equal Weight Index with $2.8 billion in assets. It offers exposure to large-cap blend stocks with a 0.25% expense ratio and 1.59% dividend yield. The fund has returned 11.19% year-to-date and 15.22% over the past year, with a beta of 0.89 and medium risk profile. Top holdings include Salesforce, Palantir, and ServiceNow, with heavy allocation to Information Technology (20.8%). Alternatives like IVV and VOO offer lower expense ratios and larger asset bases.