TDVG vs. EQL

Last updated Aug 2, 2026

TDVG (T. Rowe Price Dividend Growth ETF) and EQL (ALPS Equal Sector Weight ETF) are both Large Cap Blend Equities funds. TDVG is actively managed, while EQL is passively managed. Over the past 5 years, TDVG returned 10.00%/yr vs 10.63%/yr for EQL. Their correlation of 0.94 means they have usually moved in the same direction. TDVG charges 0.50%/yr vs 0.27%/yr for EQL.

Performance

TDVG vs. EQL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Dividend Growth ETF (TDVG) and ALPS Equal Sector Weight ETF (EQL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with TDVG having a 10.93% return and EQL slightly lower at 10.71%.

TDVG

• 1D: -0.24%
• 1M: 0.47%
• 6M: 9.09%
• YTD: 10.93%
• 1Y: 19.23%
• 3Y*: 14.55%
• 5Y*: 10.00%
• 10Y*: —
• ALL TIME*: 13.28%

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%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EQL ALPS Equal Sector Weight ETF	$3.33M	$2.84M	$2.70M
TDVG T. Rowe Price Dividend Growth ETF	$2.11M	$3.07M	$2.63M

TDVG vs. EQL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TDVG T. Rowe Price Dividend Growth ETF	10.93%	14.80%	13.45%	13.95%	-10.15%	26.20%	12.97%
EQL ALPS Equal Sector Weight ETF	10.71%	13.09%	16.44%	16.87%	-10.72%	29.32%	13.36%

Correlation

The correlation between TDVG and EQL is 0.87, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.87
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (5Y) Shows whether the relationship held over a longer period.	0.93
Correlation (All Time) Calculated using the full available price history since Aug 5, 2020	0.94

The correlation between TDVG and EQL has been stable across timeframes, ranging from 0.87 to 0.94 - a consistent structural relationship.

TDVG vs. EQL - Sectors Allocation Comparison

Sectors	TDVG	EQL
Technology	27.4%	10.2%
Financial Services	19.3%	9.1%
Industrials	14.4%	9.3%
Healthcare	12.8%	9.4%
Consumer Cyclical	6.7%	9.6%
Consumer Defensive	6.6%	8.8%
Energy	4.5%	8.7%
Utilities	3.2%	9.4%
Basic Materials	2.8%	8.0%
Real Estate	1.5%	8.7%
Communication Services	0.8%	8.9%

Return for Risk

TDVG vs. EQL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TDVG

TDVG Risk / Return Rank: 80
TDVG Sharpe Ratio Rank: 82
TDVG Sortino Ratio Rank: 83
TDVG Omega Ratio Rank: 80
TDVG Calmar Ratio Rank: 73
TDVG Martin Ratio Rank: 81

EQL

EQL Risk / Return Rank: 79
EQL Sharpe Ratio Rank: 80
EQL Sortino Ratio Rank: 79
EQL Omega Ratio Rank: 78
EQL Calmar Ratio Rank: 78
EQL Martin Ratio Rank: 82

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TDVG vs. EQL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Dividend Growth ETF (TDVG) 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.

	TDVG	EQL	Difference
Sharpe ratio: Return per unit of total volatility	1.87	1.82	+0.05
Sortino ratio: Return per unit of downside risk	2.69	2.54	+0.14
Omega ratio: Gain probability vs. loss probability	1.34	1.33	+0.01
Calmar ratio: Return relative to maximum drawdown	2.51	2.78	-0.27
Martin ratio: Return relative to average drawdown	10.48	10.89	-0.42

TDVG vs. EQL - Sharpe Ratio Comparison

The current TDVG Sharpe Ratio is 1.87, which is comparable to the EQL Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of TDVG and EQL, 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

TDVG vs. EQL - Drawdown Comparison

The maximum TDVG drawdown since its inception was -19.20%, smaller than the maximum EQL drawdown of -35.65%. Use the drawdown chart below to compare losses from any high point for TDVG and EQL.

Drawdown Indicators

	TDVG	EQL	Difference
Max Drawdown Largest peak-to-trough decline	-19.20%	-35.65%	+16.45%
Max Drawdown (1Y) Largest decline over 1 year	-7.24%	-6.19%	-1.05%
Max Drawdown (3Y) Largest decline over 3 years	-14.02%	-15.07%	+1.05%
Max Drawdown (5Y) Largest decline over 5 years	-19.20%	-19.24%	+0.04%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.65%	—
Current Drawdown Current decline from peak	-0.92%	-0.27%	-0.65%
Average Drawdown Average peak-to-trough decline	-3.67%	-3.23%	-0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.73%	1.58%	+0.15%

Volatility

TDVG vs. EQL - Volatility Comparison

T. Rowe Price Dividend Growth ETF (TDVG) and ALPS Equal Sector Weight ETF (EQL) have volatilities of 2.20% and 2.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TDVG	EQL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.20%	2.23%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	7.30%	7.03%	+0.27%
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	13.87%	14.51%	-0.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.81%	16.49%	-2.68%

TDVG vs. EQL - Expense Ratio Comparison

TDVG has a 0.50% expense ratio, which is higher than EQL's 0.27% expense ratio.

Dividends

TDVG vs. EQL - Dividend Comparison

TDVG's dividend yield for the trailing twelve months is around 0.96%, 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%
TDVG T. Rowe Price Dividend Growth ETF	0.96%	1.00%	1.06%	1.31%	1.15%	0.80%	0.40%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TDVG and EQL in my portfolio?

TDVG and EQL have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TDVG or EQL?

EQL has higher volatility (2.23%) compared to TDVG (2.20%). In terms of maximum drawdown, TDVG dropped -19.20% vs EQL's -35.65%.

Which ETF is better, TDVG or EQL?

On 5-year performance, EQL leads with 10.63% vs 10.00% for TDVG. On fees, EQL is cheaper at 0.27% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TDVG or EQL?

Over the 5-year period, EQL has performed better with a 10.63% return vs 10.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TDVG or EQL?

EQL is cheaper with a 0.27% expense ratio, compared with 0.50% for TDVG.

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

EQL has the higher dividend yield at 1.35%, compared with 0.96% for TDVG.

What is the main difference between TDVG and EQL?

They also come from different issuers: T. Rowe Price and SS&C. Their fees differ too: 0.50% for TDVG and 0.27% for EQL.

Which has better risk-adjusted returns?

TDVG currently has the higher Sharpe Ratio (1.87 vs 1.82), 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.