SPXD vs. EQL
SPXD (Xtrackers S&P 500 Diversified Sector Weight ETF) and EQL (ALPS Equal Sector Weight ETF) are both exchange-traded funds - SPXD is a Large Cap Value Equities fund tracking the S&P 500 Diversified Sector Weight Index, while EQL is a Large Cap Blend Equities fund tracking the NYSE Equal Sector Weight Index. Both are passively managed. Their correlation of 0.92 suggests significant overlap in exposure. SPXD charges 0.09%/yr vs 0.27%/yr for EQL.
Performance
SPXD vs. EQL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPXD achieves a 12.18% return, which is significantly higher than EQL's 11.01% return.
SPXD
- 1D
- 0.95%
- 1M
- 0.84%
- 6M
- 7.92%
- YTD
- 12.18%
- 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%
SPXD vs. EQL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPXD Xtrackers S&P 500 Diversified Sector Weight ETF | 12.18% | 4.54% |
EQL ALPS Equal Sector Weight ETF | 11.01% | 4.16% |
Correlation
The correlation between SPXD and EQL is 0.92, 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 Jul 24, 2025 | 0.92 |
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
SPXD vs. EQL — Risk / Return Rank
SPXD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EQL
SPXD vs. EQL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 Diversified Sector Weight ETF (SPXD) 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.
| SPXD | EQL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.92 | — |
| Martin ratioReturn relative to average drawdown | — | 11.21 | — |
Loading charts...
Drawdowns
SPXD vs. EQL - Drawdown Comparison
The maximum SPXD drawdown since its inception was -7.53%, smaller than the maximum EQL drawdown of -35.65%. Use the drawdown chart below to compare losses from any high point for SPXD and EQL.
Loading charts...
Drawdown Indicators
| SPXD | EQL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.53% | -35.65% | +28.12% |
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 | -0.13% | 0.00% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -1.16% | -3.24% | +2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.61% | — |
Volatility
SPXD vs. EQL - Volatility Comparison
Loading charts...
Volatility by Period
| SPXD | 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 | 10.69% | 9.44% | +1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.69% | 14.54% | -3.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.69% | 16.48% | -5.79% |
SPXD vs. EQL - Expense Ratio Comparison
SPXD has a 0.09% 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
SPXD vs. EQL - Dividend Comparison
SPXD's dividend yield for the trailing twelve months is around 1.39%, more 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% |
SPXD Xtrackers S&P 500 Diversified Sector Weight ETF | 1.39% | 0.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, SPXD and EQL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SPXD is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPXD is cheaper with a 0.09% expense ratio, compared with 0.27% for EQL.
SPXD has the higher dividend yield at 1.39%, compared with 1.35% for EQL.
SPXD is categorized as Large Cap Value Equities, while EQL is Large Cap Blend Equities. SPXD tracks S&P 500 Diversified Sector Weight Index, while EQL tracks NYSE Equal Sector Weight Index. They also come from different issuers: Xtrackers and SS&C. Their fees differ too: 0.09% for SPXD and 0.27% for EQL.
Find the right allocation for SPXD 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