EQL
Alps Equal Sector Weight ETF
The ALPS Equal Sector Weight ETF is an ETF of ETFs that delivers exposure to the US Large Cap Equity market by investing equal proportions in each of the 11 Select Sector SPDRs.
Fund Basics
| Fund sponsor | ALPS Fund Services Inc |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 06, 2009 |
| Assets (mns) | $324 |
| Expense ratio | 26 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | Yes |
Top 10 Holdings
Complete list +
| COMMUNICATION SERVICES SELECT SECTOR SPD | 9.2 % |
| CONSUMER DISCRETIONARY SELECT SECTOR SPD | 9.2 % |
| INDUSTRIAL SELECT SECTOR SPDR FUND | 9.2 % |
| FINANCIAL SELECT SECTOR SPDR FUND | 9.1 % |
| ENERGY SELECT SECTOR SPDR FUND | 9.1 % |
| TECHNOLOGY SELECT SECTOR SPDR FUND | 9.1 % |
| MATERIALS SELECT SECTOR SPDR FUND | 9.1 % |
| HEALTH CARE SELECT SECTOR SPDR FUND | 9.0 % |
| UTILITIES SELECT SECTOR SPDR FUND | 9.0 % |
| CONSUMER STAPLES SELECT SECTOR SPDR FUND | 9.0 % |
Constituent Breakdown
| Number of holdings | 11 |
| Herfindahl-Hirschman Index | 702 |
| Wgt avg mkt cap (mns) | $389,336 |
| Large cap (>$10bn) | 98.9% |
| Mid cap ($2-10bn) | 1.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.8% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 95.7 % |
 |
BRITAIN | 2.4 % |
 |
IRELAND | 1.2 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 8.2% | 21.6% | 6.7% | 10.3% | 12.9% | 11.0% | 12.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.91 | 95% |
| MSCI EAFE | 0.88 | 82% |
| MSCI Emg Mkts | 0.62 | 44% |
Liquidity Measures
| Avg. volume (000) | 7 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.11% |
| ADV of underlying (mns) | $26,344 |
Technical Indicators
| Recent close | $113.61 |
| 30d moving avg. | $104.48 |
| Annualized volatility | 16.6% |
| Relative strength (RSI) | 77 |
| Short interest (ETF) | 0.3% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. EQL |
Expenses vs. EQL |
ALTAR Score™ vs. EQL |
|---|---|---|---|---|
| SSUS | Day Hagan/Ned Davis Research Smart Sector ETF | 66.9% | +53 bp | -0.9% |
| AESR | Anfield U.S. Equity Sector Rotation ETF | 40.3% | +82 bp | -1.3% |
| HAPI | Harbor Human Capital Factor US Large Cap ETF | 10.8% | +10 bp | -0.9% |
Risk and Returns: EQL vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/22/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
EQL
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
EQL
5.7%
Cat. Avg
5.8%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 5.7% |
Recommendation
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
Category Overview
There are 886 funds in the US Equities category, with an average ALTAR Score™
of 5.8% and a standard deviation of
2.7%. EQL's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places EQL in the 48th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
EQL
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| EQL | 26.0 | 11.2 | 37.2 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .