ALPS Equal Sector Weight ETF

EQL

Market cap $744M

The ALPS Equal Sector Weight ETF (EQL) made its debut on 07/07/2009, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Large Cap Blend category of the market.

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The ALPS Equal Sector Weight ETF (EQL), finished June down just 0.10%, easily outpacing the S&P 500's 1.0% drop for the month. Key Takeaways: EQL's underlying index fell just 0.10% in June, versus the S&P 500's 1.0% drop.

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Alps Equal Sector Weight ETF provides simple, equal-weighted exposure to all 11 GICS sectors, aiming to reduce sector concentration risk. EQL has consistently underperformed the S&P 500 and leading sector ETFs over multiple timeframes, especially during tech-driven markets. With a 0.27% expense ratio, EQL is costlier than replicating its strategy directly via underlying Select Sector SPDR ETFs (0.08%).