VOO vs. EQL
Compare and contrast key facts about Vanguard S&P 500 ETF (VOO) and Alps Equal Sector Weight ETF (EQL).
VOO and EQL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. 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. Both VOO and EQL 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: VOO or EQL.
Performance
VOO vs. EQL - Performance Comparison
Returns By Period
In the year-to-date period, VOO achieves a 26.16% return, which is significantly higher than EQL's 21.27% return. Over the past 10 years, VOO has outperformed EQL with an annualized return of 13.18%, while EQL has yielded a comparatively lower 11.09% annualized return.
VOO
26.16%
1.77%
13.62%
32.33%
15.68%
13.18%
EQL
21.27%
2.26%
13.33%
27.52%
13.50%
11.09%
Key characteristics
| VOO | EQL | |
|---|---|---|
| Sharpe Ratio | 2.70 | 2.78 |
| Sortino Ratio | 3.60 | 3.78 |
| Omega Ratio | 1.50 | 1.50 |
| Calmar Ratio | 3.90 | 5.54 |
| Martin Ratio | 17.65 | 20.25 |
| Ulcer Index | 1.86% | 1.39% |
| Daily Std Dev | 12.19% | 10.15% |
| Max Drawdown | -33.99% | -35.65% |
| Current Drawdown | -0.86% | 0.00% |
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VOO vs. EQL - Expense Ratio Comparison
VOO has a 0.03% expense ratio, which is lower than EQL's 0.28% expense ratio.
Correlation
The correlation between VOO and EQL 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
VOO vs. EQL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 ETF (VOO) and Alps Equal Sector Weight ETF (EQL). 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
VOO vs. EQL - Dividend Comparison
VOO's dividend yield for the trailing twelve months is around 1.24%, less than EQL's 1.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VOO Vanguard S&P 500 ETF | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
EQL Alps Equal Sector Weight ETF | 1.66% | 1.96% | 2.14% | 1.69% | 2.29% | 1.95% | 2.39% | 1.97% | 2.89% | 2.07% | 1.68% | 1.55% |
Drawdowns
VOO vs. EQL - Drawdown Comparison
The maximum VOO drawdown since its inception was -33.99%, roughly equal to the maximum EQL drawdown of -35.65%. Use the drawdown chart below to compare losses from any high point for VOO and EQL. For additional features, visit the drawdowns tool.
Volatility
VOO vs. EQL - Volatility Comparison
Vanguard S&P 500 ETF (VOO) has a higher volatility of 3.99% compared to Alps Equal Sector Weight ETF (EQL) at 2.99%. This indicates that VOO's price experiences larger fluctuations and is considered to be riskier than EQL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.