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EQL vs. ^SPXEW
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between EQL and ^SPXEW is 0.94, 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.


-0.50.00.51.00.9

Performance

EQL vs. ^SPXEW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alps Equal Sector Weight ETF (EQL) and S&P 500 Equal Weighted Index (^SPXEW). The values are adjusted to include any dividend payments, if applicable.

450.00%500.00%550.00%600.00%650.00%JulyAugustSeptemberOctoberNovemberDecember
605.15%
503.70%
EQL
^SPXEW

Key characteristics

Sharpe Ratio

EQL:

1.79

^SPXEW:

1.19

Sortino Ratio

EQL:

2.45

^SPXEW:

1.69

Omega Ratio

EQL:

1.32

^SPXEW:

1.21

Calmar Ratio

EQL:

2.99

^SPXEW:

1.90

Martin Ratio

EQL:

11.76

^SPXEW:

6.06

Ulcer Index

EQL:

1.56%

^SPXEW:

2.27%

Daily Std Dev

EQL:

10.27%

^SPXEW:

11.57%

Max Drawdown

EQL:

-35.65%

^SPXEW:

-60.83%

Current Drawdown

EQL:

-5.26%

^SPXEW:

-5.96%

Returns By Period

In the year-to-date period, EQL achieves a 16.71% return, which is significantly higher than ^SPXEW's 11.47% return. Over the past 10 years, EQL has outperformed ^SPXEW with an annualized return of 10.59%, while ^SPXEW has yielded a comparatively lower 8.09% annualized return.


EQL

YTD

16.71%

1M

-2.86%

6M

7.51%

1Y

17.43%

5Y*

11.88%

10Y*

10.59%

^SPXEW

YTD

11.47%

1M

-3.00%

6M

6.66%

1Y

12.37%

5Y*

8.82%

10Y*

8.09%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Risk-Adjusted Performance

EQL vs. ^SPXEW - 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 Equal Weighted Index (^SPXEW). 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.


Sharpe ratio
The chart of Sharpe ratio for EQL, currently valued at 1.79, compared to the broader market0.002.004.001.791.19
The chart of Sortino ratio for EQL, currently valued at 2.45, compared to the broader market-2.000.002.004.006.008.0010.002.451.69
The chart of Omega ratio for EQL, currently valued at 1.32, compared to the broader market0.501.001.502.002.503.001.321.21
The chart of Calmar ratio for EQL, currently valued at 2.99, compared to the broader market0.005.0010.0015.002.991.90
The chart of Martin ratio for EQL, currently valued at 11.76, compared to the broader market0.0020.0040.0060.0080.00100.0011.766.06
EQL
^SPXEW

The current EQL Sharpe Ratio is 1.79, which is higher than the ^SPXEW Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of EQL and ^SPXEW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
1.79
1.19
EQL
^SPXEW

Drawdowns

EQL vs. ^SPXEW - Drawdown Comparison

The maximum EQL drawdown since its inception was -35.65%, smaller than the maximum ^SPXEW drawdown of -60.83%. Use the drawdown chart below to compare losses from any high point for EQL and ^SPXEW. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-5.26%
-5.96%
EQL
^SPXEW

Volatility

EQL vs. ^SPXEW - Volatility Comparison

The current volatility for Alps Equal Sector Weight ETF (EQL) is 3.34%, while S&P 500 Equal Weighted Index (^SPXEW) has a volatility of 4.09%. This indicates that EQL experiences smaller price fluctuations and is considered to be less risky than ^SPXEW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%JulyAugustSeptemberOctoberNovemberDecember
3.34%
4.09%
EQL
^SPXEW
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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