EQL vs. RIGS
EQL (ALPS Equal Sector Weight ETF) and RIGS (RiverFront Strategic Income Fund) are both exchange-traded funds - EQL is a Large Cap Blend Equities fund tracking the NYSE Equal Sector Weight Index, while RIGS is a High Yield Bonds fund actively managed by SS&C. EQL is passively managed, while RIGS is actively managed. Over the past 10 years, EQL returned 12.47%/yr vs 3.15%/yr for RIGS. At a 0.32 correlation, their price movements are largely independent. EQL charges 0.27%/yr vs 0.48%/yr for RIGS.
Performance
EQL vs. RIGS - Performance Comparison
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Returns By Period
In the year-to-date period, EQL achieves a 8.83% return, which is significantly higher than RIGS's 0.76% return. Over the past 10 years, EQL has outperformed RIGS with an annualized return of 12.47%, while RIGS has yielded a comparatively lower 3.15% annualized return.
EQL
- 1D
- -0.16%
- 1M
- 0.96%
- YTD
- 8.83%
- 6M
- 9.12%
- 1Y
- 18.80%
- 3Y*
- 16.48%
- 5Y*
- 10.49%
- 10Y*
- 12.47%
RIGS
- 1D
- -0.27%
- 1M
- 0.07%
- YTD
- 0.76%
- 6M
- 0.41%
- 1Y
- 3.91%
- 3Y*
- 4.62%
- 5Y*
- 2.13%
- 10Y*
- 3.15%
EQL vs. RIGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EQL ALPS Equal Sector Weight ETF | 8.83% | 13.09% | 16.44% | 16.87% | -10.72% | 29.32% | 10.87% | 27.87% | -6.12% | 18.37% |
RIGS RiverFront Strategic Income Fund | 0.76% | 4.63% | 4.45% | 6.07% | -5.72% | 1.93% | 3.58% | 7.60% | -0.11% | 4.48% |
Correlation
The correlation between EQL and RIGS is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2013 | 0.32 |
The correlation between EQL and RIGS shifts across timeframes, from 0.21 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EQL vs. RIGS — Risk / Return Rank
EQL
RIGS
EQL vs. RIGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS Equal Sector Weight ETF (EQL) and RiverFront Strategic Income Fund (RIGS). 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.
| EQL | RIGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.60 | ||
| Sortino ratioReturn per unit of downside risk | +2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.09 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.05 | 0.86 | +2.19 |
| Martin ratioReturn relative to average drawdown | 11.93 | 2.06 | +9.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EQL | RIGS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.02 | 0.42 | +1.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.29 | +0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 0.41 | +0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.45 | +0.40 |
Drawdowns
EQL vs. RIGS - Drawdown Comparison
The maximum EQL drawdown since its inception was -35.65%, which is greater than RIGS's maximum drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for EQL and RIGS.
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Drawdown Indicators
| EQL | RIGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.65% | -15.31% | -20.34% |
Max Drawdown (1Y)Largest decline over 1 year | -6.19% | -4.55% | -1.64% |
Max Drawdown (3Y)Largest decline over 3 years | -15.07% | -5.18% | -9.89% |
Max Drawdown (5Y)Largest decline over 5 years | -19.24% | -9.03% | -10.21% |
Max Drawdown (10Y)Largest decline over 10 years | -35.65% | -15.31% | -20.34% |
Current DrawdownCurrent decline from peak | -1.00% | -1.68% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -3.26% | -1.60% | -1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 1.90% | -0.32% |
Volatility
EQL vs. RIGS - Volatility Comparison
ALPS Equal Sector Weight ETF (EQL) has a higher volatility of 2.21% compared to RiverFront Strategic Income Fund (RIGS) at 1.32%. This indicates that EQL's price experiences larger fluctuations and is considered to be riskier than RIGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EQL | RIGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.21% | 1.32% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 6.82% | 4.74% | +2.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.34% | 9.33% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.55% | 7.50% | +7.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 7.75% | +8.79% |
EQL vs. RIGS - Expense Ratio Comparison
EQL has a 0.27% expense ratio, which is lower than RIGS's 0.48% expense ratio.
Dividends
EQL vs. RIGS - Dividend Comparison
EQL's dividend yield for the trailing twelve months is around 1.62%, less than RIGS's 4.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQL ALPS Equal Sector Weight ETF | 1.62% | 1.73% | 1.78% | 1.96% | 2.14% | 1.69% | 2.29% | 1.95% | 2.39% | 1.97% | 2.89% | 2.07% |
RIGS RiverFront Strategic Income Fund | 4.88% | 4.84% | 4.49% | 3.48% | 2.71% | 2.47% | 3.77% | 3.87% | 4.54% | 4.45% | 4.46% | 3.61% |
Frequently Asked Questions
EQL and RIGS have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EQL has higher volatility (2.21%) compared to RIGS (1.32%). In terms of maximum drawdown, EQL dropped -35.65% vs RIGS's -15.31%.
On 10-year performance, EQL leads with 12.47% vs 3.15% for RIGS. On fees, EQL is cheaper at 0.27% per year. On volatility, RIGS has been the lower-risk option at 1.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EQL has performed better with a 12.47% return vs 3.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EQL is cheaper with a 0.27% expense ratio, compared with 0.48% for RIGS.
RIGS has the higher dividend yield at 4.88%, compared with 1.62% for EQL.
EQL is categorized as Large Cap Blend Equities, while RIGS is High Yield Bonds. Their fees differ too: 0.27% for EQL and 0.48% for RIGS.
EQL currently has the higher Sharpe Ratio (2.02 vs 0.42), 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.
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