EBI vs. EQL

Last updated Aug 2, 2026

EBI (Longview Advantage ETF) and EQL (ALPS Equal Sector Weight ETF) are both Large Cap Blend Equities funds. EBI is actively managed, while EQL is passively managed. Over the past year, EBI returned 30.66% vs 18.34% for EQL. Their correlation of 0.89 means they have usually moved in the same direction. EBI charges 0.24%/yr vs 0.27%/yr for EQL.

Performance

EBI vs. EQL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Longview Advantage ETF (EBI) 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, EBI achieves a 17.05% return, which is significantly higher than EQL's 10.71% return.

EBI

• 1D: 0.17%
• 1M: 1.91%
• 6M: 12.25%
• YTD: 17.05%
• 1Y: 30.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 23.88%

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)
EBI Longview Advantage ETF	$1.20M	$723.92K	$449.95K
EQL ALPS Equal Sector Weight ETF	$3.33M	$2.84M	$2.70M

EBI vs. EQL - Yearly Performance Comparison

	2026 (YTD)	2025
EBI Longview Advantage ETF	17.05%	15.82%
EQL ALPS Equal Sector Weight ETF	10.71%	9.15%

Correlation

The correlation between EBI and EQL is 0.85, 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.	0.85
Correlation (All Time) Calculated using the full available price history since Feb 27, 2025	0.89

The correlation between EBI and EQL has been stable across timeframes, ranging from 0.85 to 0.89 - a consistent structural relationship.

Return for Risk

EBI vs. EQL — Risk / Return Rank

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

EBI

EBI Risk / Return Rank: 91
EBI Sharpe Ratio Rank: 91
EBI Sortino Ratio Rank: 90
EBI Omega Ratio Rank: 90
EBI Calmar Ratio Rank: 91
EBI Martin Ratio Rank: 93

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.

EBI vs. EQL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Longview Advantage ETF (EBI) 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.

	EBI	EQL	Difference
Sharpe ratio: Return per unit of total volatility	2.32	1.82	+0.50
Sortino ratio: Return per unit of downside risk	3.20	2.54	+0.66
Omega ratio: Gain probability vs. loss probability	1.42	1.33	+0.09
Calmar ratio: Return relative to maximum drawdown	4.05	2.78	+1.27
Martin ratio: Return relative to average drawdown	16.62	10.89	+5.73

EBI vs. EQL - Sharpe Ratio Comparison

The current EBI Sharpe Ratio is 2.32, which is comparable to the EQL Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of EBI 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

EBI vs. EQL - Drawdown Comparison

The maximum EBI drawdown since its inception was -17.05%, smaller than the maximum EQL drawdown of -35.65%. Use the drawdown chart below to compare losses from any high point for EBI and EQL.

Drawdown Indicators

	EBI	EQL	Difference
Max Drawdown Largest peak-to-trough decline	-17.05%	-35.65%	+18.60%
Max Drawdown (1Y) Largest decline over 1 year	-7.09%	-6.19%	-0.90%
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	0.00%	-0.27%	+0.27%
Average Drawdown Average peak-to-trough decline	-1.91%	-3.23%	+1.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.73%	1.58%	+0.15%

Volatility

EBI vs. EQL - Volatility Comparison

Longview Advantage ETF (EBI) has a higher volatility of 2.70% compared to ALPS Equal Sector Weight ETF (EQL) at 2.23%. This indicates that EBI'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

	EBI	EQL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.70%	2.23%	+0.47%
Volatility (6M) Calculated over the trailing 6-month period	8.98%	7.03%	+1.95%
Volatility (1Y) Calculated over the trailing 1-year period	12.38%	9.50%	+2.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.35%	14.51%	+2.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.35%	16.49%	+0.86%

EBI vs. EQL - Expense Ratio Comparison

EBI has a 0.24% 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

EBI vs. EQL - Dividend Comparison

EBI's dividend yield for the trailing twelve months is around 1.10%, less than EQL's 1.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EBI Longview Advantage ETF	1.10%	1.05%	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	1.35%	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 EBI and EQL in my portfolio?

EBI and EQL have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EBI or EQL?

EBI has higher volatility (2.70%) compared to EQL (2.23%). In terms of maximum drawdown, EBI dropped -17.05% vs EQL's -35.65%.

Which ETF is better, EBI or EQL?

On 1-year performance, EBI leads with 30.66% vs 18.34% for EQL. On fees, EBI is cheaper at 0.24% 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, EBI or EQL?

Over the 1-year period, EBI has performed better with a 30.66% return vs 18.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EBI or EQL?

EBI is cheaper with a 0.24% expense ratio, compared with 0.27% for EQL.

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

EQL has the higher dividend yield at 1.35%, compared with 1.10% for EBI.

What is the main difference between EBI and EQL?

They also come from different issuers: Longview and SS&C. Their fees differ too: 0.24% for EBI and 0.27% for EQL.

Which has better risk-adjusted returns?

EBI currently has the higher Sharpe Ratio (2.32 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.