OEI vs. EQL
OEI (Optimized Equity Income ETF) and EQL (ALPS Equal Sector Weight ETF) are both exchange-traded funds - OEI is a Actively Managed fund actively managed by Optimize, while EQL is a Large Cap Blend Equities fund tracking the NYSE Equal Sector Weight Index. OEI is actively managed, while EQL is passively managed. Their 0.68 correlation means they have sometimes moved together and sometimes differently. OEI charges 0.75%/yr vs 0.27%/yr for EQL.
Performance
OEI vs. EQL - Performance Comparison
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Returns By Period
In the year-to-date period, OEI achieves a 4.15% return, which is significantly lower than EQL's 9.97% return.
OEI
- 1D
- -1.35%
- 1M
- -0.53%
- 6M
- 2.54%
- YTD
- 4.15%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
EQL
- 1D
- -0.82%
- 1M
- 0.40%
- 6M
- 6.35%
- YTD
- 9.97%
- 1Y
- 14.99%
- 3Y*
- 14.30%
- 5Y*
- 10.48%
- 10Y*
- 12.22%
- ALL TIME*
- 13.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.03M | $2.23M | $2.50M | |
| $91.19K | $147.99K | $155.22K |
OEI vs. EQL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OEI Optimized Equity Income ETF | 4.15% | 3.68% |
EQL ALPS Equal Sector Weight ETF | 9.97% | 0.81% |
Correlation
The correlation between OEI and EQL is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 22, 2025 | 0.68 |
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Return for Risk
OEI vs. EQL — Risk / Return Rank
OEI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EQL
OEI vs. EQL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Optimized Equity Income ETF (OEI) 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.
| OEI | EQL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.43 | — |
| Martin ratioReturn relative to average drawdown | — | 9.48 | — |
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Drawdowns
OEI vs. EQL - Drawdown Comparison
The maximum OEI drawdown since its inception was -6.49%, smaller than the maximum EQL drawdown of -35.65%. Use the drawdown chart below to compare losses from any high point for OEI and EQL.
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Drawdown Indicators
| OEI | EQL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.49% | -35.65% | +29.16% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.19% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.07% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.24% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.65% | — |
Current DrawdownCurrent decline from peak | -1.70% | -0.94% | -0.76% |
Average DrawdownAverage peak-to-trough decline | -1.02% | -3.24% | +2.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.60% | — |
Volatility
OEI vs. EQL - Volatility Comparison
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Volatility by Period
| OEI | EQL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.17% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.03% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.74% | 9.50% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.74% | 14.52% | -4.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.74% | 16.49% | -6.75% |
OEI vs. EQL - Expense Ratio Comparison
OEI has a 0.75% expense ratio, which is higher than EQL's 0.27% expense ratio.
Dividends
OEI vs. EQL - Dividend Comparison
OEI's dividend yield for the trailing twelve months is around 6.87%, more than EQL's 1.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQL ALPS Equal Sector Weight ETF | 1.36% | 1.73% | 1.78% | 1.96% | 2.14% | 1.69% | 2.29% | 1.95% | 2.39% | 1.97% | 2.89% | 2.07% |
OEI Optimized Equity Income ETF | 6.87% | 1.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
OEI and EQL have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EQL is cheaper at 0.27% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EQL is cheaper with a 0.27% expense ratio, compared with 0.75% for OEI.
OEI has the higher dividend yield at 6.87%, compared with 1.36% for EQL.
OEI is categorized as Actively Managed, while EQL is Large Cap Blend Equities. They also come from different issuers: Optimize and SS&C. Their fees differ too: 0.75% for OEI and 0.27% for EQL.
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