SPCT vs. EQL

Last updated Jul 17, 2026

SPCT (Liberty One Spectrum ETF) and EQL (ALPS Equal Sector Weight ETF) are both Large Cap Blend Equities funds. SPCT is actively managed, while EQL is passively managed. Their correlation of 0.82 suggests significant overlap in exposure. SPCT charges 0.85%/yr vs 0.27%/yr for EQL.

Performance

SPCT vs. EQL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Liberty One Spectrum ETF (SPCT) and ALPS Equal Sector Weight ETF (EQL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPCT achieves a 9.92% return, which is significantly lower than EQL's 11.01% return.

SPCT

• 1D: 0.99%
• 1M: 1.35%
• 6M: 7.01%
• YTD: 9.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EQL

• 1D: 0.16%
• 1M: 0.57%
• 6M: 7.56%
• YTD: 11.01%
• 1Y: 17.98%
• 3Y*: 15.22%
• 5Y*: 11.01%
• 10Y*: 12.31%

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

SPCT vs. EQL - Yearly Performance Comparison

	2026 (YTD)	2025
SPCT Liberty One Spectrum ETF	9.92%	1.93%
EQL ALPS Equal Sector Weight ETF	11.01%	1.64%

Correlation

The correlation between SPCT and EQL is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 30, 2025	0.82

Return for Risk

SPCT vs. EQL — Risk / Return Rank

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

SPCT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

EQL

EQL Risk / Return Rank: 74
EQL Sharpe Ratio Rank: 75
EQL Sortino Ratio Rank: 75
EQL Omega Ratio Rank: 74
EQL Calmar Ratio Rank: 72
EQL Martin Ratio Rank: 76

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.

SPCT vs. EQL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Liberty One Spectrum ETF (SPCT) 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.

	SPCT	EQL	Difference
Sharpe ratio: Return per unit of total volatility	—	1.91	—
Sortino ratio: Return per unit of downside risk	—	2.68	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	2.92	—
Martin ratio: Return relative to average drawdown	—	11.21	—

Drawdowns

SPCT vs. EQL - Drawdown Comparison

The maximum SPCT drawdown since its inception was -7.17%, smaller than the maximum EQL drawdown of -35.65%. Use the drawdown chart below to compare losses from any high point for SPCT and EQL.

Drawdown Indicators

	SPCT	EQL	Difference
Max Drawdown Largest peak-to-trough decline	-7.17%	-35.65%	+28.48%
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 Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.49%	-3.24%	+1.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.61%	—

Volatility

Volatility by Period

	SPCT	EQL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.28%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.08%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.27%	9.44%	-0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.27%	14.54%	-5.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.27%	16.48%	-7.21%

SPCT vs. EQL - Expense Ratio Comparison

SPCT has a 0.85% expense ratio, which is higher than EQL's 0.27% expense ratio.

Dividends

SPCT vs. EQL - Dividend Comparison

SPCT's dividend yield for the trailing twelve months is around 0.73%, 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%
SPCT Liberty One Spectrum ETF	0.73%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPCT and EQL in my portfolio?

SPCT and EQL have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPCT or EQL?

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.

Which ETF is cheaper, SPCT or EQL?

EQL is cheaper with a 0.27% expense ratio, compared with 0.85% for SPCT.

Which ETF pays a higher dividend yield, SPCT or EQL?

EQL has the higher dividend yield at 1.35%, compared with 0.73% for SPCT.

What is the main difference between SPCT and EQL?

They also come from different issuers: Liberty One and SS&C. Their fees differ too: 0.85% for SPCT and 0.27% for EQL.