EQL vs. VIG
Compare and contrast key facts about Alps Equal Sector Weight ETF (EQL) and Vanguard Dividend Appreciation ETF (VIG).
EQL and VIG 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. VIG is a passively managed fund by Vanguard that tracks the performance of the NASDAQ US Dividend Achievers Select Index. It was launched on Apr 21, 2006. Both EQL and VIG 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 VIG.
Key characteristics
| EQL | VIG | |
|---|---|---|
| YTD Return | 4.09% | 2.74% |
| 1Y Return | 16.32% | 13.77% |
| 3Y Return (Ann) | 7.19% | 6.49% |
| 5Y Return (Ann) | 11.28% | 11.08% |
| 10Y Return (Ann) | 10.42% | 10.90% |
| Sharpe Ratio | 1.38 | 1.29 |
| Daily Std Dev | 10.74% | 9.86% |
| Max Drawdown | -35.65% | -46.81% |
| Current Drawdown | -3.76% | -4.72% |
Correlation
The correlation between EQL and VIG is 0.92, 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.
Performance
EQL vs. VIG - Performance Comparison
In the year-to-date period, EQL achieves a 4.09% return, which is significantly higher than VIG's 2.74% return. Both investments have delivered pretty close results over the past 10 years, with EQL having a 10.42% annualized return and VIG not far ahead at 10.90%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EQL vs. VIG - Expense Ratio Comparison
EQL has a 0.28% expense ratio, which is higher than VIG's 0.06% expense ratio.
Risk-Adjusted Performance
EQL vs. VIG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alps Equal Sector Weight ETF (EQL) and Vanguard Dividend Appreciation ETF (VIG). 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. VIG - Dividend Comparison
EQL's dividend yield for the trailing twelve months is around 1.86%, which matches VIG's 1.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQL Alps Equal Sector Weight ETF | 1.86% | 1.96% | 2.14% | 1.69% | 2.29% | 1.95% | 2.39% | 1.97% | 2.89% | 2.07% | 1.68% | 1.55% |
VIG Vanguard Dividend Appreciation ETF | 1.85% | 1.88% | 1.96% | 1.55% | 1.63% | 1.71% | 2.08% | 1.88% | 2.14% | 2.34% | 1.95% | 1.84% |
Drawdowns
EQL vs. VIG - Drawdown Comparison
The maximum EQL drawdown since its inception was -35.65%, smaller than the maximum VIG drawdown of -46.81%. Use the drawdown chart below to compare losses from any high point for EQL and VIG. For additional features, visit the drawdowns tool.
Volatility
EQL vs. VIG - Volatility Comparison
Alps Equal Sector Weight ETF (EQL) has a higher volatility of 3.12% compared to Vanguard Dividend Appreciation ETF (VIG) at 2.87%. This indicates that EQL's price experiences larger fluctuations and is considered to be riskier than VIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.