EQL vs. ^GSPC
Compare and contrast key facts about Alps Equal Sector Weight ETF (EQL) and S&P 500 (^GSPC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EQL or ^GSPC.
Performance
EQL vs. ^GSPC - Performance Comparison
Returns By Period
In the year-to-date period, EQL achieves a 21.27% return, which is significantly lower than ^GSPC's 24.72% return. Both investments have delivered pretty close results over the past 10 years, with EQL having a 11.09% annualized return and ^GSPC not far ahead at 11.16%.
EQL
21.27%
2.26%
13.33%
27.52%
13.50%
11.09%
^GSPC
24.72%
1.67%
12.93%
30.55%
13.88%
11.16%
Key characteristics
| EQL | ^GSPC | |
|---|---|---|
| Sharpe Ratio | 2.78 | 2.54 |
| Sortino Ratio | 3.78 | 3.40 |
| Omega Ratio | 1.50 | 1.47 |
| Calmar Ratio | 5.54 | 3.66 |
| Martin Ratio | 20.25 | 16.26 |
| Ulcer Index | 1.39% | 1.91% |
| Daily Std Dev | 10.15% | 12.23% |
| Max Drawdown | -35.65% | -56.78% |
| Current Drawdown | 0.00% | -0.88% |
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Correlation
The correlation between EQL and ^GSPC 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. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alps Equal Sector Weight ETF (EQL) and S&P 500 (^GSPC). 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.
Drawdowns
EQL vs. ^GSPC - Drawdown Comparison
The maximum EQL drawdown since its inception was -35.65%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for EQL and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
EQL vs. ^GSPC - Volatility Comparison
The current volatility for Alps Equal Sector Weight ETF (EQL) is 2.99%, while S&P 500 (^GSPC) has a volatility of 3.96%. This indicates that EQL experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.