EQL vs. SZNE

Last updated Aug 2, 2026

EQL (ALPS Equal Sector Weight ETF) and SZNE (Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF) are both Large Cap Blend Equities funds - EQL tracks the NYSE Equal Sector Weight Index while SZNE tracks the Pacer CFRA-Stovall Equal Weight Seasonal Rotation Index. Both are passively managed. Their correlation of 0.83 means they have usually moved in the same direction. EQL charges 0.27%/yr vs 0.60%/yr for SZNE.

Performance

EQL vs. SZNE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS Equal Sector Weight ETF (EQL) and Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF (SZNE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EQL

• 1D: 0.57%
• 1M: 0.31%
• 6M: 6.82%
• YTD: 10.71%
• 1Y: 18.34%
• 3Y*: 14.59%
• 5Y*: 10.63%
• 10Y*: 12.39%
• ALL TIME*: 13.49%

SZNE

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EQL ALPS Equal Sector Weight ETF	$3.33M	$2.84M	$2.70M

EQL vs. SZNE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
EQL ALPS Equal Sector Weight ETF	10.71%	13.09%	16.44%	16.87%	-10.72%	29.32%	10.87%	27.87%	-8.63%
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF	9.68%	-3.44%	2.05%	6.53%	-12.33%	26.36%	4.03%	35.75%	-7.01%

Correlation

The correlation between EQL and SZNE is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.69
Correlation (3Y) Balances recent behavior with more history.	0.80
Correlation (5Y) Shows whether the relationship held over a longer period.	0.83
Correlation (All Time) Calculated using the full available price history since Jul 24, 2018	0.83

The correlation between EQL and SZNE shifts across timeframes, from 0.69 (1 year) to 0.83 (5 years), reflecting how their relationship changes across market environments.

EQL vs. SZNE - Sectors Allocation Comparison

Sectors	EQL	SZNE
Technology	10.2%	19.4%
Consumer Cyclical	9.6%	5.1%
Healthcare	9.4%	5.1%
Utilities	9.4%	1.0%
Industrials	9.3%	7.8%
Financial Services	9.1%	8.1%
Communication Services	8.9%	3.7%
Consumer Defensive	8.8%	2.6%
Energy	8.7%	3.8%
Real Estate	8.7%	2.8%
Basic Materials	8.0%	1.8%

Return for Risk

EQL vs. SZNE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EQL

EQL Risk / Return Rank: 79
EQL Sharpe Ratio Rank: 80
EQL Sortino Ratio Rank: 79
EQL Omega Ratio Rank: 78
EQL Calmar Ratio Rank: 78
EQL Martin Ratio Rank: 82

SZNE

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EQL vs. SZNE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS Equal Sector Weight ETF (EQL) and Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF (SZNE). 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	SZNE	Difference
Sharpe ratio: Return per unit of total volatility	1.82	—	—
Sortino ratio: Return per unit of downside risk	2.54	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.78	—	—
Martin ratio: Return relative to average drawdown	10.89	—	—

Drawdowns

Drawdown Indicators

	EQL	SZNE	Difference
Max Drawdown Largest peak-to-trough decline	-35.65%	—	—
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	-0.27%	—	—
Average Drawdown Average peak-to-trough decline	-3.23%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.58%	—	—

Volatility

Volatility by Period

	EQL	SZNE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.23%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.03%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.50%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.51%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.49%	—	—

EQL vs. SZNE - Expense Ratio Comparison

EQL has a 0.27% expense ratio, which is lower than SZNE's 0.60% expense ratio.

Dividends

EQL vs. SZNE - Dividend Comparison

EQL's dividend yield for the trailing twelve months is around 1.35%, more than SZNE's 1.23% 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%
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF	1.23%	1.47%	1.20%	1.21%	1.11%	0.79%	1.37%	0.90%	0.68%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EQL and SZNE in my portfolio?

EQL and SZNE have a correlation of 0.69, 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 SZNE?

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 SZNE?

EQL is cheaper with a 0.27% expense ratio, compared with 0.60% for SZNE.

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

EQL has the higher dividend yield at 1.35%, compared with 1.23% for SZNE.

What is the main difference between EQL and SZNE?

EQL tracks NYSE Equal Sector Weight Index, while SZNE tracks Pacer CFRA-Stovall Equal Weight Seasonal Rotation Index. They also come from different issuers: SS&C and Pacer. Their fees differ too: 0.27% for EQL and 0.60% for SZNE.