EQL vs. SPY
Compare and contrast key facts about Alps Equal Sector Weight ETF (EQL) and SPDR S&P 500 ETF (SPY).
EQL and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both EQL and SPY 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 SPY.
Performance
EQL vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, EQL achieves a 21.27% return, which is significantly lower than SPY's 26.08% return. Over the past 10 years, EQL has underperformed SPY with an annualized return of 11.09%, while SPY has yielded a comparatively higher 13.10% annualized return.
EQL
21.27%
2.26%
13.33%
27.52%
13.50%
11.09%
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| EQL | SPY | |
|---|---|---|
| Sharpe Ratio | 2.78 | 2.70 |
| Sortino Ratio | 3.78 | 3.60 |
| Omega Ratio | 1.50 | 1.50 |
| Calmar Ratio | 5.54 | 3.90 |
| Martin Ratio | 20.25 | 17.52 |
| Ulcer Index | 1.39% | 1.87% |
| Daily Std Dev | 10.15% | 12.14% |
| Max Drawdown | -35.65% | -55.19% |
| Current Drawdown | 0.00% | -0.85% |
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EQL vs. SPY - Expense Ratio Comparison
EQL has a 0.28% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between EQL and SPY 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. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alps Equal Sector Weight ETF (EQL) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
EQL's dividend yield for the trailing twelve months is around 1.66%, more than SPY's 1.18% 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% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
EQL vs. SPY - Drawdown Comparison
The maximum EQL drawdown since its inception was -35.65%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for EQL and SPY. For additional features, visit the drawdowns tool.
Volatility
EQL vs. SPY - Volatility Comparison
The current volatility for Alps Equal Sector Weight ETF (EQL) is 2.99%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.98%. This indicates that EQL experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.