EQL vs. RSP
Compare and contrast key facts about Alps Equal Sector Weight ETF (EQL) and Invesco S&P 500® Equal Weight ETF (RSP).
EQL and RSP 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. RSP is a passively managed fund by Invesco that tracks the performance of the S&P Equal Weight Index. It was launched on Apr 30, 2003. Both EQL and RSP 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 RSP.
Performance
EQL vs. RSP - Performance Comparison
Returns By Period
In the year-to-date period, EQL achieves a 22.39% return, which is significantly higher than RSP's 20.08% return. Both investments have delivered pretty close results over the past 10 years, with EQL having a 11.22% annualized return and RSP not far behind at 10.75%.
EQL
22.39%
3.99%
13.76%
28.56%
13.44%
11.22%
RSP
20.08%
5.11%
13.72%
29.49%
12.50%
10.75%
Key characteristics
| EQL | RSP | |
|---|---|---|
| Sharpe Ratio | 2.81 | 2.56 |
| Sortino Ratio | 3.82 | 3.55 |
| Omega Ratio | 1.51 | 1.45 |
| Calmar Ratio | 5.61 | 3.73 |
| Martin Ratio | 20.51 | 14.79 |
| Ulcer Index | 1.39% | 1.99% |
| Daily Std Dev | 10.15% | 11.52% |
| Max Drawdown | -35.65% | -59.92% |
| Current Drawdown | 0.00% | 0.00% |
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EQL vs. RSP - Expense Ratio Comparison
EQL has a 0.28% expense ratio, which is higher than RSP's 0.20% expense ratio.
Correlation
The correlation between EQL and RSP is 0.94, 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. RSP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alps Equal Sector Weight ETF (EQL) and Invesco S&P 500® Equal Weight ETF (RSP). 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. RSP - Dividend Comparison
EQL's dividend yield for the trailing twelve months is around 1.65%, more than RSP's 1.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQL Alps Equal Sector Weight ETF | 1.65% | 1.96% | 2.14% | 1.69% | 2.29% | 1.95% | 2.39% | 1.97% | 2.89% | 2.07% | 1.68% | 1.55% |
RSP Invesco S&P 500® Equal Weight ETF | 1.41% | 1.63% | 1.82% | 1.28% | 1.64% | 1.69% | 2.02% | 1.52% | 1.20% | 1.70% | 1.46% | 1.27% |
Drawdowns
EQL vs. RSP - Drawdown Comparison
The maximum EQL drawdown since its inception was -35.65%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for EQL and RSP. For additional features, visit the drawdowns tool.
Volatility
EQL vs. RSP - Volatility Comparison
The current volatility for Alps Equal Sector Weight ETF (EQL) is 2.97%, while Invesco S&P 500® Equal Weight ETF (RSP) has a volatility of 3.68%. This indicates that EQL experiences smaller price fluctuations and is considered to be less risky than RSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.