OEF vs. EQL
OEF (iShares S&P 100 ETF) and EQL (ALPS Equal Sector Weight ETF) are both Large Cap Blend Equities funds - OEF tracks the S&P 100 Index while EQL tracks the NYSE Equal Sector Weight Index. Both are passively managed. Over the past 10 years, OEF returned 16.17%/yr vs 12.39%/yr for EQL. Their correlation of 0.87 means they have usually moved in the same direction. OEF charges 0.20%/yr vs 0.27%/yr for EQL.
Performance
OEF vs. EQL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, OEF achieves a 8.12% return, which is significantly lower than EQL's 10.71% return. Over the past 10 years, OEF has outperformed EQL with an annualized return of 16.17%, while EQL has yielded a comparatively lower 12.39% annualized return.
OEF
- 1D
- 0.95%
- 1M
- 0.81%
- 6M
- 7.93%
- YTD
- 8.12%
- 1Y
- 21.28%
- 3Y*
- 21.28%
- 5Y*
- 14.24%
- 10Y*
- 16.17%
- ALL TIME*
- 8.43%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.33M | $2.84M | $2.70M | |
| $110.18M | $97.33M | $117.28M |
OEF vs. EQL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OEF iShares S&P 100 ETF | 8.12% | 19.80% | 30.74% | 32.71% | -21.03% | 29.18% | 21.21% | 31.87% | -4.16% | 21.82% |
EQL ALPS Equal Sector Weight ETF | 10.71% | 13.09% | 16.44% | 16.87% | -10.72% | 29.32% | 10.87% | 27.87% | -6.12% | 18.37% |
Correlation
The correlation between OEF and EQL is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2009 | 0.87 |
Over the past year, the correlation between OEF and EQL has dropped to 0.63 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
OEF vs. EQL — Risk / Return Rank
OEF
EQL
OEF vs. EQL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 100 ETF (OEF) 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.
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.
| OEF | EQL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.33 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 2.78 | -1.07 |
| Martin ratioReturn relative to average drawdown | 6.48 | 10.89 | -4.41 |
Loading charts...
Drawdowns
OEF vs. EQL - Drawdown Comparison
The maximum OEF drawdown since its inception was -54.11%, which is greater than EQL's maximum drawdown of -35.65%. Use the drawdown chart below to compare losses from any high point for OEF and EQL.
Loading charts...
Drawdown Indicators
| OEF | EQL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.11% | -35.65% | -18.46% |
Max Drawdown (1Y)Largest decline over 1 year | -11.06% | -6.19% | -4.87% |
Max Drawdown (3Y)Largest decline over 3 years | -19.80% | -15.07% | -4.73% |
Max Drawdown (5Y)Largest decline over 5 years | -26.47% | -19.24% | -7.23% |
Max Drawdown (10Y)Largest decline over 10 years | -31.44% | -35.65% | +4.21% |
Current DrawdownCurrent decline from peak | -2.20% | -0.27% | -1.93% |
Average DrawdownAverage peak-to-trough decline | -11.70% | -3.23% | -8.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 1.58% | +1.33% |
Volatility
OEF vs. EQL - Volatility Comparison
iShares S&P 100 ETF (OEF) has a higher volatility of 4.08% compared to ALPS Equal Sector Weight ETF (EQL) at 2.23%. This indicates that OEF'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.
Loading charts...
Volatility by Period
| OEF | EQL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 2.23% | +1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 10.93% | 7.03% | +3.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.86% | 9.50% | +4.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.85% | 14.51% | +3.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.49% | 16.49% | +2.00% |
OEF vs. EQL - Expense Ratio Comparison
OEF has a 0.20% expense ratio, which is lower than EQL's 0.27% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
OEF vs. EQL - Dividend Comparison
OEF's dividend yield for the trailing twelve months is around 0.87%, less than EQL's 1.35% 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% |
OEF iShares S&P 100 ETF | 0.87% | 0.81% | 1.03% | 1.19% | 1.55% | 1.06% | 1.43% | 1.87% | 2.09% | 1.81% | 2.07% | 2.11% |
Frequently Asked Questions
OEF and EQL have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OEF has higher volatility (4.08%) compared to EQL (2.23%). In terms of maximum drawdown, OEF dropped -54.11% vs EQL's -35.65%.
On 10-year performance, OEF leads with 16.17% vs 12.39% for EQL. On fees, OEF is cheaper at 0.20% per year. On volatility, EQL has been the lower-risk option at 2.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, OEF has performed better with a 16.17% return vs 12.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OEF is cheaper with a 0.20% expense ratio, compared with 0.27% for EQL.
EQL has the higher dividend yield at 1.35%, compared with 0.87% for OEF.
OEF tracks S&P 100 Index, while EQL tracks NYSE Equal Sector Weight Index. They also come from different issuers: iShares and SS&C. Their fees differ too: 0.20% for OEF and 0.27% for EQL.
EQL currently has the higher Sharpe Ratio (1.82 vs 1.36), 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.
Find the right allocation for OEF and EQL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer