AFOS vs. EQL
AFOS (ARS Focused Opportunities Strategy ETF) and EQL (ALPS Equal Sector Weight ETF) are both Large Cap Blend Equities funds. A 0.61 correlation means they provide meaningful diversification when combined. AFOS charges 0.45%/yr vs 0.27%/yr for EQL.
Performance
AFOS vs. EQL - Performance Comparison
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Returns By Period
In the year-to-date period, AFOS achieves a 31.60% return, which is significantly higher than EQL's 8.44% return.
AFOS
- 1D
- -3.79%
- 1M
- 4.43%
- YTD
- 31.60%
- 6M
- 30.16%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EQL
- 1D
- -0.34%
- 1M
- -0.97%
- YTD
- 8.44%
- 6M
- 7.90%
- 1Y
- 17.48%
- 3Y*
- 15.88%
- 5Y*
- 10.58%
- 10Y*
- 12.66%
AFOS vs. EQL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AFOS ARS Focused Opportunities Strategy ETF | 31.60% | 37.10% |
EQL ALPS Equal Sector Weight ETF | 8.44% | 8.34% |
Correlation
The correlation between AFOS and EQL is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.61 |
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Return for Risk
AFOS vs. EQL — Risk / Return Rank
AFOS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EQL
AFOS vs. EQL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ARS Focused Opportunities Strategy ETF (AFOS) and ALPS Equal Sector Weight ETF (EQL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AFOS | EQL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.33 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.84 | — |
| Martin ratioReturn relative to average drawdown | — | 10.95 | — |
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Drawdowns
AFOS vs. EQL - Drawdown Comparison
The maximum AFOS drawdown since its inception was -11.52%, smaller than the maximum EQL drawdown of -35.65%. Use the drawdown chart below to compare losses from any high point for AFOS and EQL.
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Drawdown Indicators
| AFOS | EQL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.52% | -35.65% | +24.13% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.19% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.07% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.24% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.65% | — |
Current DrawdownCurrent decline from peak | -3.79% | -1.76% | -2.03% |
Average DrawdownAverage peak-to-trough decline | -1.42% | -3.25% | +1.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.60% | — |
Volatility
AFOS vs. EQL - Volatility Comparison
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Volatility by Period
| AFOS | EQL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.08% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.20% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 21.52% | 9.59% | +11.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.52% | 14.56% | +6.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.52% | 16.54% | +4.98% |
AFOS vs. EQL - Expense Ratio Comparison
AFOS has a 0.45% expense ratio, which is higher than EQL's 0.27% expense ratio.
Dividends
AFOS vs. EQL - Dividend Comparison
AFOS's dividend yield for the trailing twelve months is around 0.23%, less than EQL's 1.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AFOS ARS Focused Opportunities Strategy ETF | 0.23% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EQL ALPS Equal Sector Weight ETF | 1.63% | 1.73% | 1.78% | 1.96% | 2.14% | 1.69% | 2.29% | 1.95% | 2.39% | 1.97% | 2.89% | 2.07% |
Frequently Asked Questions
AFOS and EQL have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EQL is cheaper at 0.27% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EQL is cheaper with a 0.27% expense ratio, compared with 0.45% for AFOS.
EQL has the higher dividend yield at 1.63%, compared with 0.23% for AFOS.
They also come from different issuers: ARS Investment Partners and SS&C. Their fees differ too: 0.45% for AFOS and 0.27% for EQL.
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