Key stats
About ALPS Equal Sector Weight ETF
Expense ratio
0.25%
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Inception date
Jul 7, 2009
EQL uses a fund of funds approach in investingit takes all major sectors that make up the S&P 500 index, and then weights each sector equally. The result is a portfolio of large-cap US stocks that underweights the largest sectors in the index, like technology and financials, and overweights the minor sectors, like basic materials and utilities. Proponents claim that the funds countercyclical rebalancing schedule will help it outperform the regular S&P 500 over time. The index is reconstituted and rebalanced on a quarterly basis.
Classification
What's in the fund
Exposure type
ETF
Stock breakdown by region