EQL vs. DGRO
Compare and contrast key facts about Alps Equal Sector Weight ETF (EQL) and iShares Core Dividend Growth ETF (DGRO).
EQL and DGRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EQL is a passively managed fund by SS&C that tracks the performance of the NYSE Select Sector Equal Weight Index. It was launched on Jul 7, 2009. DGRO is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend Growth Index. It was launched on Jun 10, 2014. Both EQL and DGRO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EQL or DGRO.
Performance
EQL vs. DGRO - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with EQL having a 21.27% return and DGRO slightly lower at 20.51%. Over the past 10 years, EQL has underperformed DGRO with an annualized return of 11.09%, while DGRO has yielded a comparatively higher 11.82% annualized return.
EQL
21.27%
2.26%
13.33%
27.52%
13.50%
11.09%
DGRO
20.51%
0.76%
12.23%
27.58%
12.00%
11.82%
Key characteristics
| EQL | DGRO | |
|---|---|---|
| Sharpe Ratio | 2.78 | 2.92 |
| Sortino Ratio | 3.78 | 4.12 |
| Omega Ratio | 1.50 | 1.54 |
| Calmar Ratio | 5.54 | 5.76 |
| Martin Ratio | 20.25 | 19.22 |
| Ulcer Index | 1.39% | 1.46% |
| Daily Std Dev | 10.15% | 9.61% |
| Max Drawdown | -35.65% | -35.10% |
| Current Drawdown | 0.00% | -0.65% |
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EQL vs. DGRO - Expense Ratio Comparison
EQL has a 0.28% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Correlation
The correlation between EQL and DGRO is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
EQL vs. DGRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alps Equal Sector Weight ETF (EQL) and iShares Core Dividend Growth ETF (DGRO). 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.
Dividends
EQL vs. DGRO - Dividend Comparison
EQL's dividend yield for the trailing twelve months is around 1.66%, less than DGRO's 2.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQL Alps Equal Sector Weight ETF | 1.66% | 1.96% | 2.14% | 1.69% | 2.29% | 1.95% | 2.39% | 1.97% | 2.89% | 2.07% | 1.68% | 1.55% |
DGRO iShares Core Dividend Growth ETF | 2.16% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% | 0.97% | 0.00% |
Drawdowns
EQL vs. DGRO - Drawdown Comparison
The maximum EQL drawdown since its inception was -35.65%, roughly equal to the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for EQL and DGRO. For additional features, visit the drawdowns tool.
Volatility
EQL vs. DGRO - Volatility Comparison
The current volatility for Alps Equal Sector Weight ETF (EQL) is 2.99%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 3.40%. This indicates that EQL experiences smaller price fluctuations and is considered to be less risky than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.