DFVE vs. EQL

Last updated Aug 2, 2026

DFVE (Doubleline Fortune 500 Equal Weight ETF) and EQL (ALPS Equal Sector Weight ETF) are both Large Cap Blend Equities funds - DFVE tracks the Barclays Fortune 500 Equal Weighted Index - Benchmark TR Gross while EQL tracks the NYSE Equal Sector Weight Index. Both are passively managed. Over the past year, DFVE returned 25.75% vs 18.34% for EQL. Their correlation of 0.91 means they have usually moved in the same direction. DFVE charges 0.20%/yr vs 0.27%/yr for EQL.

Performance

DFVE vs. EQL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Doubleline Fortune 500 Equal Weight ETF (DFVE) and ALPS Equal Sector Weight ETF (EQL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFVE achieves a 15.30% return, which is significantly higher than EQL's 10.71% return.

DFVE

• 1D: -0.28%
• 1M: 1.35%
• 6M: 10.99%
• YTD: 15.30%
• 1Y: 25.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.09%

EQL

• 1D: 0.57%
• 1M: 0.31%
• 6M: 6.82%
• YTD: 10.71%
• 1Y: 18.34%
• 3Y*: 14.59%
• 5Y*: 10.63%
• 10Y*: 12.39%
• ALL TIME*: 13.49%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DFVE Doubleline Fortune 500 Equal Weight ETF	$74.40K	$88.82K	$191.24K
EQL ALPS Equal Sector Weight ETF	$3.33M	$2.84M	$2.70M

DFVE vs. EQL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DFVE Doubleline Fortune 500 Equal Weight ETF	15.30%	14.51%	14.66%
EQL ALPS Equal Sector Weight ETF	10.71%	13.09%	16.68%

Correlation

The correlation between DFVE and EQL is 0.87, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.87
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024	0.91

The correlation between DFVE and EQL has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.

DFVE vs. EQL - Sectors Allocation Comparison

Sectors	DFVE	EQL
Industrials	17.9%	9.3%
Consumer Cyclical	16.6%	9.6%
Financial Services	15.6%	9.1%
Technology	11.5%	10.2%
Healthcare	10.4%	9.4%
Consumer Defensive	8.1%	8.8%
Energy	5.6%	8.7%
Utilities	5.4%	9.4%
Basic Materials	4.0%	8.0%
Communication Services	3.8%	8.9%
Real Estate	1.3%	8.7%

Return for Risk

DFVE vs. EQL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DFVE

DFVE Risk / Return Rank: 82
DFVE Sharpe Ratio Rank: 82
DFVE Sortino Ratio Rank: 84
DFVE Omega Ratio Rank: 80
DFVE Calmar Ratio Rank: 82
DFVE Martin Ratio Rank: 83

EQL

EQL Risk / Return Rank: 79
EQL Sharpe Ratio Rank: 80
EQL Sortino Ratio Rank: 79
EQL Omega Ratio Rank: 78
EQL Calmar Ratio Rank: 78
EQL Martin Ratio Rank: 82

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DFVE vs. EQL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Doubleline Fortune 500 Equal Weight ETF (DFVE) 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.

	DFVE	EQL	Difference
Sharpe ratio: Return per unit of total volatility	1.90	1.82	+0.08
Sortino ratio: Return per unit of downside risk	2.77	2.54	+0.23
Omega ratio: Gain probability vs. loss probability	1.34	1.33	+0.01
Calmar ratio: Return relative to maximum drawdown	3.05	2.78	+0.27
Martin ratio: Return relative to average drawdown	11.31	10.89	+0.42

DFVE vs. EQL - Sharpe Ratio Comparison

The current DFVE Sharpe Ratio is 1.90, which is comparable to the EQL Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of DFVE and EQL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DFVE vs. EQL - Drawdown Comparison

The maximum DFVE drawdown since its inception was -19.43%, smaller than the maximum EQL drawdown of -35.65%. Use the drawdown chart below to compare losses from any high point for DFVE and EQL.

Drawdown Indicators

	DFVE	EQL	Difference
Max Drawdown Largest peak-to-trough decline	-19.43%	-35.65%	+16.22%
Max Drawdown (1Y) Largest decline over 1 year	-7.79%	-6.19%	-1.60%
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 Drawdown Current decline from peak	-1.24%	-0.27%	-0.97%
Average Drawdown Average peak-to-trough decline	-2.63%	-3.23%	+0.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	1.58%	+0.52%

Volatility

DFVE vs. EQL - Volatility Comparison

Doubleline Fortune 500 Equal Weight ETF (DFVE) has a higher volatility of 3.01% compared to ALPS Equal Sector Weight ETF (EQL) at 2.23%. This indicates that DFVE's price experiences larger fluctuations and is considered to be riskier than EQL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFVE	EQL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	2.23%	+0.78%
Volatility (6M) Calculated over the trailing 6-month period	8.95%	7.03%	+1.92%
Volatility (1Y) Calculated over the trailing 1-year period	12.57%	9.50%	+3.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.28%	14.51%	+0.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.28%	16.49%	-1.21%

DFVE vs. EQL - Expense Ratio Comparison

DFVE has a 0.20% expense ratio, which is lower than EQL's 0.27% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

DFVE vs. EQL - Dividend Comparison

DFVE's dividend yield for the trailing twelve months is around 1.36%, which matches EQL's 1.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFVE Doubleline Fortune 500 Equal Weight ETF	1.36%	1.52%	1.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EQL ALPS Equal Sector Weight ETF	1.35%	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

Can I hold both DFVE and EQL in my portfolio?

DFVE and EQL have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DFVE or EQL?

DFVE has higher volatility (3.01%) compared to EQL (2.23%). In terms of maximum drawdown, DFVE dropped -19.43% vs EQL's -35.65%.

Which ETF is better, DFVE or EQL?

On 1-year performance, DFVE leads with 25.75% vs 18.34% for EQL. On fees, DFVE is cheaper at 0.20% per year. On volatility, EQL has been the lower-risk option at 2.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DFVE or EQL?

Over the 1-year period, DFVE has performed better with a 25.75% return vs 18.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFVE or EQL?

DFVE is cheaper with a 0.20% expense ratio, compared with 0.27% for EQL.

Which ETF pays a higher dividend yield, DFVE or EQL?

DFVE and EQL have nearly identical dividend yields, around 1.36%.

What is the main difference between DFVE and EQL?

DFVE tracks Barclays Fortune 500 Equal Weighted Index - Benchmark TR Gross, while EQL tracks NYSE Equal Sector Weight Index. They also come from different issuers: DoubleLine and SS&C. Their fees differ too: 0.20% for DFVE and 0.27% for EQL.

Which has better risk-adjusted returns?

DFVE currently has the higher Sharpe Ratio (1.90 vs 1.82), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.