EQTY vs POWA
Kovitz Core Equity ETF vs Invesco Bloomberg Pricing Power ETF
Which is better, EQTY or POWA?
EQTY has been ahead.
POWA has a lower expense ratio. EQTY led over 1Y, 3Y and the full window. POWA is less concentrated, with 22.9% of the fund in its ten largest positions against 42.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EQTY | POWA |
|---|---|---|
| Expense Ratio | 0.99% | 0.40%Best |
| AUM | $1.4B | $162M |
| Dividend Yield | 0.02% | 0.98% |
| Holdings | 39 | 106 |
| YTD Return | +8.78%Best | -0.75% |
| 1Y Return | +13.61%Best | -0.04% |
| 3Y Return (annualized) | +17.28%Best | +10.97% |
| 5Y Return (annualized) | - | +6.65% |
| Volatility (annualized) | 12.9% | 11.7%Best |
| Max Drawdown | -17.3% | -15.7%Best |
| $10,000 over 3.8 years | $17,972Best | $13,308 |
| Top 10 Weight | 42.4% | 22.9%Best |
| Fund Family | Kovitz Investment Group | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 28, 2011 | Dec 15, 2006 |
Volatility and max drawdown, and the $10,000 over 3.8 years row, are measured over the window both funds cover: Dec 12, 2022 to Oct 14, 2026 (3.8 years).
EQTY vs POWA growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.8 years both funds cover.
EQTY vs POWA Performance
Kovitz Core Equity ETF (EQTY) is an ETF from Kovitz Investment Group and Invesco Bloomberg Pricing Power ETF (POWA) is an ETF from Invesco (US). Over the past year EQTY returned +13.61% while POWA returned -0.04%. Year to date, EQTY is up 8.78% versus a loss of 0.75% for POWA.
Over three years, EQTY compounded at +17.28% per year against +10.97% for POWA. Across the full 4-year window we track, EQTY has the edge at +16.68% annualized vs +7.81%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EQTY has been the more volatile fund, with annualized monthly volatility of 12.9% compared with 11.7% for POWA. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -17.3% for EQTY and -15.7% for POWA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EQTY charges 0.99% per year while POWA charges 0.40%. On a $10,000 position that is $99 vs $40 annually, a gap of $59 per year that compounds over a long holding period. On income, EQTY currently yields 0.02% against 0.98% for POWA.
Holdings Overlap
11.3% of EQTY's money is in holdings POWA also owns. 8.1% of POWA's money is in holdings EQTY also owns.
EQTY and POWA share little of their money.
4 positions in common, counted across the 38 positions we hold weights for in EQTY and 51 in POWA, against full books of 39 and 106.
What only one of them owns
Our book lists 47 positions for POWA that do not appear in our book for EQTY (91.9% of the fund), and 33 for EQTY that do not appear in POWA (84.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of EQTY and POWA you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EQTY or POWA?
EQTY has an expense ratio of 0.99% while POWA charges 0.40%. POWA is the cheaper option, by $59 a year on a $10,000 investment.
Which performed better, EQTY or POWA?
Over the past year EQTY returned +13.61% vs -0.04% for POWA, so EQTY leads on 1-year performance. Over the longest common window we track (4 years), EQTY annualized +16.68% vs +7.81% for POWA. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EQTY or POWA?
EQTY has been the more volatile fund at 12.9% annualized versus 11.7% for POWA. Worst drawdown: EQTY -17.3% vs POWA -15.7%.
Should I hold both EQTY and POWA?
EQTY and POWA have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between EQTY and POWA?
11.3% of EQTY's money is in holdings POWA also owns. 8.1% of POWA's is in holdings EQTY also owns. They hold 4 positions in common, counted across the 38 positions we hold weights for in EQTY and 51 in POWA.
Which pays a higher dividend, EQTY or POWA?
EQTY yields 0.02% while POWA yields 0.98%, so POWA currently pays the higher dividend yield.
Is POWA better than EQTY?
POWA has a lower expense ratio. EQTY led over 1Y, 3Y and the full window. POWA is less concentrated, with 22.9% of the fund in its ten largest positions against 42.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.