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ETFs

ALPS Equal Sector Weight ETF

EQL
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Today’s Change
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Snapshot
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Inception Date
Jul 07 2009
Expense Ratio
0.26%
Type
US Equities
Fund Owner
ALPS
Volume (1m avg. daily)
$563,837
AUM
$299,234,115
Associated Index
NYSE Select Sector Equal Weight Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

XLV
SSgA Active Trust - Health Care Select Sector SPDR
9.32%
XLU
SSgA Active Trust - Utilities Select Sector SPDR ETF
9.23%
XLP
SSgA Active Trust - Consumer Staples Select Sector SPDR
9.22%
XLK
SSgA Active Trust - Technology Select Sector SPDR ETF
9.21%
XLC
SSgA Active Trust - Communication Services Select Sector SPDR Fund
9.20%
XLE
SSgA Active Trust - The Energy Select Sector SPDR Fund
9.19%
XLI
SSgA Active Trust - Industrial Select Sector SPDR
9.18%
XLF
SSgA Active Trust - Financial Select Sector SPDR
9.15%
XLB
SSgA Active Trust - Materials Select Sector SPDR
9.08%
XLRE
SSgA Active Trust - Real Estate Select Sector SPDR Fund (The)
8.90%
Invest with EQL

What is EQL?

The ALPS Equal Sector Weight ETF (Ticker Symbol: EQL) is an ETF of ETFs that delivers exposure to the US Large Cap Equity market by investing equal proportions in each of the 9 Select Sector SPDRs.

ETFs related toEQL

ETFs correlated to EQL include JHML, FNDB, ILCV

EQL
ALPS Fund Services - ALPS Equal Sector Weight ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
FNDB
Schwab Strategic Trust - Schwab Fundamental U.S. Broad Market Index ETF
ILCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Value ETF
EQWL
Invesco Capital Management LLC - Invesco Russell Top 200 Equal Weight ETF
FNDX
Schwab Strategic Trust - Schwab Fundamental U.S. Large Company Index ETF
IWD
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Value ETF
RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF
IUS
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco RAFI Strategic US ETF
VONV
Vanguard Group, Inc. - Vanguard Russell 1000 Value Index ETF
DFAC
Dimensional ETF Trust - Dimensional U.S. Core Equity 2 ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toEQL

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with EQL using Composer

FAQ

EQL is a US Equities ETF. The ALPS Equal Sector Weight ETF (Ticker Symbol: EQL) is an ETF of ETFs that delivers exposure to the US Large Cap Equity market by investing equal proportions in each of the 9 Select Sector SPDRs.

EQL tracks the NYSE Select Sector Equal Weight Index.

No, EQL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, EQL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on EQL is -0.0057%. This is the percent change in the value of EQL over the most recent 1-month period. The 3-month return on EQL is 0.0039%. This is the percent change in the value of EQL over the most recent 3-month period.

The standard deviation of EQL for the past year is 0.1652%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to EQL include XLI, XLY, and XLV.

ETFs correlated to EQL include JHML, FNDB, and ILCV.

ETFs that are inversely correlated to EQL include SDS, SPXU, and SPXS.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.