EQL vs. TDVG

Last updated Aug 2, 2026

EQL (ALPS Equal Sector Weight ETF) and TDVG (T. Rowe Price Dividend Growth ETF) are both Large Cap Blend Equities funds. EQL is passively managed, while TDVG is actively managed. Over the past 5 years, EQL returned 10.63%/yr vs 10.00%/yr for TDVG. Their correlation of 0.94 means they have usually moved in the same direction. EQL charges 0.27%/yr vs 0.50%/yr for TDVG.

Performance

EQL vs. TDVG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS Equal Sector Weight ETF (EQL) and T. Rowe Price Dividend Growth ETF (TDVG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with EQL having a 10.71% return and TDVG slightly higher at 10.93%.

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%

TDVG

• 1D: -0.24%
• 1M: 0.47%
• 6M: 9.09%
• YTD: 10.93%
• 1Y: 19.23%
• 3Y*: 14.55%
• 5Y*: 10.00%
• 10Y*: —
• ALL TIME*: 13.28%

*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
TDVG T. Rowe Price Dividend Growth ETF	$2.11M	$3.07M	$2.63M

EQL vs. TDVG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EQL ALPS Equal Sector Weight ETF	10.71%	13.09%	16.44%	16.87%	-10.72%	29.32%	13.36%
TDVG T. Rowe Price Dividend Growth ETF	10.93%	14.80%	13.45%	13.95%	-10.15%	26.20%	12.97%

Correlation

The correlation between EQL and TDVG is 0.87, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.87
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (5Y) Shows whether the relationship held over a longer period.	0.93
Correlation (All Time) Calculated using the full available price history since Aug 5, 2020	0.94

The correlation between EQL and TDVG has been stable across timeframes, ranging from 0.87 to 0.94 - a consistent structural relationship.

EQL vs. TDVG - Sectors Allocation Comparison

Sectors	EQL	TDVG
Technology	10.2%	27.4%
Consumer Cyclical	9.6%	6.7%
Healthcare	9.4%	12.8%
Utilities	9.4%	3.2%
Industrials	9.3%	14.4%
Financial Services	9.1%	19.3%
Communication Services	8.9%	0.8%
Consumer Defensive	8.8%	6.6%
Energy	8.7%	4.5%
Real Estate	8.7%	1.5%
Basic Materials	8.0%	2.8%

Return for Risk

EQL vs. TDVG — 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

TDVG

TDVG Risk / Return Rank: 80
TDVG Sharpe Ratio Rank: 82
TDVG Sortino Ratio Rank: 83
TDVG Omega Ratio Rank: 80
TDVG Calmar Ratio Rank: 73
TDVG Martin Ratio Rank: 81

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. TDVG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS Equal Sector Weight ETF (EQL) and T. Rowe Price Dividend Growth ETF (TDVG). 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	TDVG	Difference
Sharpe ratio: Return per unit of total volatility	1.82	1.87	-0.05
Sortino ratio: Return per unit of downside risk	2.54	2.69	-0.14
Omega ratio: Gain probability vs. loss probability	1.33	1.34	-0.01
Calmar ratio: Return relative to maximum drawdown	2.78	2.51	+0.27
Martin ratio: Return relative to average drawdown	10.89	10.48	+0.42

EQL vs. TDVG - Sharpe Ratio Comparison

The current EQL Sharpe Ratio is 1.82, which is comparable to the TDVG Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of EQL and TDVG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EQL vs. TDVG - Drawdown Comparison

The maximum EQL drawdown since its inception was -35.65%, which is greater than TDVG's maximum drawdown of -19.20%. Use the drawdown chart below to compare losses from any high point for EQL and TDVG.

Drawdown Indicators

	EQL	TDVG	Difference
Max Drawdown Largest peak-to-trough decline	-35.65%	-19.20%	-16.45%
Max Drawdown (1Y) Largest decline over 1 year	-6.19%	-7.24%	+1.05%
Max Drawdown (3Y) Largest decline over 3 years	-15.07%	-14.02%	-1.05%
Max Drawdown (5Y) Largest decline over 5 years	-19.24%	-19.20%	-0.04%
Max Drawdown (10Y) Largest decline over 10 years	-35.65%	—	—
Current Drawdown Current decline from peak	-0.27%	-0.92%	+0.65%
Average Drawdown Average peak-to-trough decline	-3.23%	-3.67%	+0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.58%	1.73%	-0.15%

Volatility

EQL vs. TDVG - Volatility Comparison

ALPS Equal Sector Weight ETF (EQL) and T. Rowe Price Dividend Growth ETF (TDVG) have volatilities of 2.23% and 2.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EQL	TDVG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.23%	2.20%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	7.03%	7.30%	-0.27%
Volatility (1Y) Calculated over the trailing 1-year period	9.50%	9.74%	-0.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.51%	13.87%	+0.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.49%	13.81%	+2.68%

EQL vs. TDVG - Expense Ratio Comparison

EQL has a 0.27% expense ratio, which is lower than TDVG's 0.50% expense ratio.

Dividends

EQL vs. TDVG - Dividend Comparison

EQL's dividend yield for the trailing twelve months is around 1.35%, more than TDVG's 0.96% 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%
TDVG T. Rowe Price Dividend Growth ETF	0.96%	1.00%	1.06%	1.31%	1.15%	0.80%	0.40%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EQL and TDVG in my portfolio?

EQL and TDVG have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EQL or TDVG?

EQL has higher volatility (2.23%) compared to TDVG (2.20%). In terms of maximum drawdown, EQL dropped -35.65% vs TDVG's -19.20%.

Which ETF is better, EQL or TDVG?

On 5-year performance, EQL leads with 10.63% vs 10.00% for TDVG. On fees, EQL is cheaper at 0.27% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EQL or TDVG?

Over the 5-year period, EQL has performed better with a 10.63% return vs 10.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EQL or TDVG?

EQL is cheaper with a 0.27% expense ratio, compared with 0.50% for TDVG.

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

EQL has the higher dividend yield at 1.35%, compared with 0.96% for TDVG.

What is the main difference between EQL and TDVG?

They also come from different issuers: SS&C and T. Rowe Price. Their fees differ too: 0.27% for EQL and 0.50% for TDVG.

Which has better risk-adjusted returns?

TDVG currently has the higher Sharpe Ratio (1.87 vs 1.82), 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.