ALPS Equal Sector Weight ETF
Market Price
NAV
NAV Change
Daily Return
Net Assets
YTD Return
Trailing Twelve Month Yield
Overview
Investment Objective
The ALPS Equal Sector Weight ETF (EQL) seeks investment results that replicate as closely as possible, before fees and expenses, the performance of the NYSE Equal Sector Weight Index (NYXLEW).
Strategy
The ALPS Equal Sector Weight ETF (EQL) is an ETF of ETFs that delivers exposure to the US Large Cap Equity market by investing equal proportions in 11 Select Sector SPDRs and rebalances quarterly. EQL delivers moderate, yet meaningful exposure to every sector of the market.
Fund Details
| Ticker
|
Listing Exchange
NYSE Arca |
| CUSIP
|
ISIN
|
| Net Assets
as of
|
Inception Date |
| Fund Type Exchange-Traded Fund |
Primary Benchmark NYSE Equal Sector Weight Index |
Performance and Fees
Returns
As of
| Total Returns | |
|---|---|
As of
| Total Returns | |
|---|---|
As of
Performance data quoted represents past performance. Past performance is no guarantee of future results so that shares, when redeemed, may be worth more or less than their original cost. The investment return and principal value will fluctuate. Current performance may be higher or lower than the performance quoted. For current month-end performance call 1-866-759-5679 or visit www.alpsfunds.com. Performance includes reinvested distributions and capital gains.
Market Price is based on the midpoint of the bid/ask spread at 4 p.m. ET and does not represent the returns an investor would receive if shares were traded at other times.
Fund inception date: 07/06/2009
NYSE Equal Sector Weight Index: consists of a strategy that holds all active Select Sector® SPDR® ETFs in an equal-weighted portfolio.
S&P 500 Index: widely regarded as the best single gauge of large-cap US equities. The index includes 500 leading companies and covers approximately 80% of available market capitalization.
One may not invest directly in an index.
$10,000 Hypothetical Investment
The chart above represents the total return historical performance of a hypothetical investment of $10,000 in the Fund over the life of the Fund. Performance calculations are as of the end of each month. Past performance is no guarantee of future results. This chart does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.
Fees
^ What You Pay reflects the Adviser’s decision to contractually limit expenses through 03/31/2025. Please see the prospectus for additional information.
Facts and Characteristics
Fund Pricing
As of
| Market Price | |
| NAV | |
| NAV Change | |
| Premium/Discount | |
| Premium/Discount Difference | |
| Daily Return | |
| YTD Return | |
| Last Trade Price (EOD) | |
| Intraday (Midpoint) Price as of |
|
| Total Market Value |
Trading Characteristics
As of
| Shares Outstanding | |
| Average 30-Day Volume | |
| Daily Volume as of |
|
| Dollar Volume | |
| Net Create/Redeems | |
| 30-Day Median Bid/Ask Spread |
Fund Yields
| Indicated Yield |
|
| Trailing Twelve Month Yield |
|
| 30-Day SEC Yield |
|
| 30-Day SEC Yield (Unsubsidized) |
Indicated Yield: a forward-looking measure that is calculated by multiplying the most recent dividend by the number of dividends issued each year (producing the indicated dividend), and then dividing by the current share price.
Trailing Twelve Month Yield: refers to the percentage of income a portfolio has returned to investors over the last 12 months.
30-Day SEC Yield: reflects the dividends and interest earned during the period, after the deduction of the Fund's expenses.
30-Day SEC Yield (Unsubsidized): reflects the dividends and interest earned during the period, after the deduction of the Fund’s expenses, excluding fee waivers.
Risk Metrics
For the 3 years ending
| Standard Deviation | ||
|---|---|---|
| Sharpe Ratio | ||
| Sortino Ratio | ||
| Fund vs Index1 | Fund vs Index2 | |
| Alpha | ||
| Beta | ||
| R-Squared | ||
| Tracking Error | ||
| Upside Capture | ||
| Downside Capture |
Portfolio
Sector Breakdown
- Top Five Holdings
| Company Name | % of Fund |
|---|
Geography Breakdown
- Top Five Holdings
| Company Name | % of Fund |
|---|
Fund Holdings
Resources
Fund Disclosure
Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemable.
The Fund’s investment performance, because it is a fund of funds, depends on the investment performance of the Underlying Sector ETFs in which it invests.
An investment in the Fund is subject to the risks associated with the Underlying Sector ETFs that comprise the Underlying Index. The Fund will indirectly pay a proportional share of the asset-based fees of the Underlying Sector ETFs in which it invests.
The Fund is considered nondiversified and as a result may experience greater volatility than a diversified fund.
The Fund employs a “passive management” - or indexing - investment approach and seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index. Unlike many investment companies, the Fund is not “actively” managed. Therefore, it would not necessarily sell or buy a security unless that security is removed from or added to the underlying index, respectively.
ALPS Advisors, Inc., registered investment adviser with the SEC, is the investment adviser to the Fund. ALPS Advisors, Inc. is affiliated with ALPS Portfolio Solutions Distributor, Inc.
ALPS Portfolio Solutions Distributor, Inc. is the distributor for the Fund.