EQL vs. SPCT

Last updated Jul 17, 2026

EQL (ALPS Equal Sector Weight ETF) and SPCT (Liberty One Spectrum ETF) are both Large Cap Blend Equities funds. EQL is passively managed, while SPCT is actively managed. Their correlation of 0.82 suggests significant overlap in exposure. EQL charges 0.27%/yr vs 0.85%/yr for SPCT.

Performance

EQL vs. SPCT - Performance Comparison

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

Returns By Period

In the year-to-date period, EQL achieves a 11.01% return, which is significantly higher than SPCT's 9.92% return.

EQL

• 1D: 0.16%
• 1M: 0.57%
• 6M: 7.56%
• YTD: 11.01%
• 1Y: 17.98%
• 3Y*: 15.22%
• 5Y*: 11.01%
• 10Y*: 12.31%

SPCT

• 1D: 0.99%
• 1M: 1.35%
• 6M: 7.01%
• YTD: 9.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EQL vs. SPCT - Yearly Performance Comparison

	2026 (YTD)	2025
EQL ALPS Equal Sector Weight ETF	11.01%	1.64%
SPCT Liberty One Spectrum ETF	9.92%	1.93%

Correlation

The correlation between EQL and SPCT is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 30, 2025	0.82

Return for Risk

EQL vs. SPCT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EQL

EQL Risk / Return Rank: 74
EQL Sharpe Ratio Rank: 75
EQL Sortino Ratio Rank: 75
EQL Omega Ratio Rank: 74
EQL Calmar Ratio Rank: 72
EQL Martin Ratio Rank: 76

SPCT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EQL vs. SPCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS Equal Sector Weight ETF (EQL) and Liberty One Spectrum ETF (SPCT). 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.

	EQL	SPCT	Difference
Sharpe ratio: Return per unit of total volatility	1.91	—	—
Sortino ratio: Return per unit of downside risk	2.68	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	2.92	—	—
Martin ratio: Return relative to average drawdown	11.21	—	—

Drawdowns

EQL vs. SPCT - Drawdown Comparison

The maximum EQL drawdown since its inception was -35.65%, which is greater than SPCT's maximum drawdown of -7.17%. Use the drawdown chart below to compare losses from any high point for EQL and SPCT.

Drawdown Indicators

	EQL	SPCT	Difference
Max Drawdown Largest peak-to-trough decline	-35.65%	-7.17%	-28.48%
Max Drawdown (1Y) Largest decline over 1 year	-6.19%	—	—
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%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.24%	-1.49%	-1.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.61%	—	—

Volatility

Volatility by Period

	EQL	SPCT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.28%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.08%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.44%	9.27%	+0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.54%	9.27%	+5.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.48%	9.27%	+7.21%

EQL vs. SPCT - Expense Ratio Comparison

EQL has a 0.27% expense ratio, which is lower than SPCT's 0.85% expense ratio.

Dividends

EQL vs. SPCT - Dividend Comparison

EQL's dividend yield for the trailing twelve months is around 1.35%, more than SPCT's 0.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SPCT Liberty One Spectrum ETF	0.73%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EQL and SPCT in my portfolio?

EQL and SPCT have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EQL or SPCT?

On fees, EQL is cheaper at 0.27% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EQL or SPCT?

EQL is cheaper with a 0.27% expense ratio, compared with 0.85% for SPCT.

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

EQL has the higher dividend yield at 1.35%, compared with 0.73% for SPCT.

What is the main difference between EQL and SPCT?

They also come from different issuers: SS&C and Liberty One. Their fees differ too: 0.27% for EQL and 0.85% for SPCT.