RFFC vs. SELV

Last updated Jul 15, 2026

RFFC (ALPS Active Equity Opportunity ETF) and SELV (SEI Enhanced Low Volatility US Large Cap ETF) are both Large Cap Blend Equities funds. Both are actively managed. Over the past 3 years, RFFC returned 20.03%/yr vs 10.83%/yr for SELV. A 0.71 correlation means they provide meaningful diversification when combined. RFFC charges 0.48%/yr vs 0.15%/yr for SELV.

Performance

RFFC vs. SELV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS Active Equity Opportunity ETF (RFFC) and SEI Enhanced Low Volatility US Large Cap ETF (SELV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RFFC achieves a 12.37% return, which is significantly higher than SELV's 2.97% return.

RFFC

• 1D: 0.23%
• 1M: 1.81%
• 6M: 9.26%
• YTD: 12.37%
• 1Y: 25.00%
• 3Y*: 20.03%
• 5Y*: 12.09%
• 10Y*: 12.98%

SELV

• 1D: -1.61%
• 1M: 0.21%
• 6M: 2.08%
• YTD: 2.97%
• 1Y: 8.49%
• 3Y*: 10.83%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

RFFC vs. SELV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
RFFC ALPS Active Equity Opportunity ETF	12.37%	16.83%	23.51%	19.50%	-5.46%
SELV SEI Enhanced Low Volatility US Large Cap ETF	2.97%	12.86%	14.71%	6.58%	-0.61%

Correlation

The correlation between RFFC and SELV is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (All Time) Calculated using the full available price history since May 18, 2022	0.71

Over the past year, the correlation between RFFC and SELV has dropped to 0.35 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.

RFFC vs. SELV - Sectors Allocation Comparison

Sectors	RFFC	SELV
Technology	33.0%	21.4%
Industrials	12.2%	7.5%
Healthcare	11.7%	17.0%
Financial Services	10.9%	4.8%
Consumer Cyclical	9.3%	4.9%
Communication Services	8.7%	15.8%
Energy	4.8%	4.3%
Consumer Defensive	2.7%	12.3%
Utilities	2.4%	7.6%
Basic Materials	2.3%	2.8%
Real Estate	2.0%	0.1%

Return for Risk

RFFC vs. SELV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RFFC

RFFC Risk / Return Rank: 77
RFFC Sharpe Ratio Rank: 81
RFFC Sortino Ratio Rank: 80
RFFC Omega Ratio Rank: 77
RFFC Calmar Ratio Rank: 68
RFFC Martin Ratio Rank: 81

SELV

SELV Risk / Return Rank: 31
SELV Sharpe Ratio Rank: 30
SELV Sortino Ratio Rank: 29
SELV Omega Ratio Rank: 27
SELV Calmar Ratio Rank: 35
SELV Martin Ratio Rank: 32

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RFFC vs. SELV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS Active Equity Opportunity ETF (RFFC) and SEI Enhanced Low Volatility US Large Cap ETF (SELV). 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.

	RFFC	SELV	Difference
Sharpe ratio: Return per unit of total volatility	2.03	0.91	+1.12
Sortino ratio: Return per unit of downside risk	2.85	1.34	+1.51
Omega ratio: Gain probability vs. loss probability	1.36	1.16	+0.20
Calmar ratio: Return relative to maximum drawdown	2.71	1.44	+1.28
Martin ratio: Return relative to average drawdown	12.30	3.84	+8.46

RFFC vs. SELV - Sharpe Ratio Comparison

The current RFFC Sharpe Ratio is 2.03, which is higher than the SELV Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of RFFC and SELV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RFFC vs. SELV - Drawdown Comparison

The maximum RFFC drawdown since its inception was -36.26%, which is greater than SELV's maximum drawdown of -13.73%. Use the drawdown chart below to compare losses from any high point for RFFC and SELV.

Drawdown Indicators

	RFFC	SELV	Difference
Max Drawdown Largest peak-to-trough decline	-36.26%	-13.73%	-22.53%
Max Drawdown (1Y) Largest decline over 1 year	-9.25%	-5.92%	-3.33%
Max Drawdown (3Y) Largest decline over 3 years	-18.45%	-8.94%	-9.51%
Max Drawdown (5Y) Largest decline over 5 years	-22.29%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.26%	—	—
Current Drawdown Current decline from peak	-0.62%	-1.95%	+1.33%
Average Drawdown Average peak-to-trough decline	-4.97%	-2.37%	-2.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	2.22%	-0.18%

Volatility

RFFC vs. SELV - Volatility Comparison

The current volatility for ALPS Active Equity Opportunity ETF (RFFC) is 2.99%, while SEI Enhanced Low Volatility US Large Cap ETF (SELV) has a volatility of 4.22%. This indicates that RFFC experiences smaller price fluctuations and is considered to be less risky than SELV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RFFC	SELV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.99%	4.22%	-1.23%
Volatility (6M) Calculated over the trailing 6-month period	9.86%	7.43%	+2.43%
Volatility (1Y) Calculated over the trailing 1-year period	12.39%	9.39%	+3.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.33%	11.92%	+4.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.96%	11.92%	+6.04%

RFFC vs. SELV - Expense Ratio Comparison

RFFC has a 0.48% expense ratio, which is higher than SELV's 0.15% expense ratio.

Dividends

RFFC vs. SELV - Dividend Comparison

RFFC's dividend yield for the trailing twelve months is around 0.63%, less than SELV's 1.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
RFFC ALPS Active Equity Opportunity ETF	0.63%	0.78%	1.05%	1.35%	1.41%	0.71%	1.79%	1.34%	1.36%	0.93%	0.66%
SELV SEI Enhanced Low Volatility US Large Cap ETF	1.74%	1.74%	1.77%	2.06%	1.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RFFC and SELV in my portfolio?

RFFC and SELV have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RFFC or SELV?

SELV has higher volatility (4.22%) compared to RFFC (2.99%). In terms of maximum drawdown, RFFC dropped -36.26% vs SELV's -13.73%.

Which ETF is better, RFFC or SELV?

On 3-year performance, RFFC leads with 20.03% vs 10.83% for SELV. On fees, SELV is cheaper at 0.15% per year. On volatility, RFFC has been the lower-risk option at 2.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RFFC or SELV?

Over the 3-year period, RFFC has performed better with a 20.03% return vs 10.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RFFC or SELV?

SELV is cheaper with a 0.15% expense ratio, compared with 0.48% for RFFC.

Which ETF pays a higher dividend yield, RFFC or SELV?

SELV has the higher dividend yield at 1.74%, compared with 0.63% for RFFC.

What is the main difference between RFFC and SELV?

They also come from different issuers: SS&C and SEI. Their fees differ too: 0.48% for RFFC and 0.15% for SELV.

Which has better risk-adjusted returns?

RFFC currently has the higher Sharpe Ratio (2.03 vs 0.91), 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.