Alps Equal Sector Etf Profile
| EQL Etf | USD 133.20 0.51 0.38% |
Performance18 of 100
| Odds Of DistressLess than 9
|
ALPS Equal is selling for 133.20 as of the 30th of November 2024. This is a 0.38 percent increase since the beginning of the trading day. The etf's lowest day price was 132.64. ALPS Equal has less than a 9 % chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for ALPS Equal Sector are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of June 2024 and ending today, the 30th of November 2024. Click here to learn more.
In order to track the underlying index, the fund will use a fund of funds approach, and seek to achieve its investment objective by investing at least 90 percent of its total assets in the shares of the Underlying Sector ETFs. Alps Equal is traded on NYSEARCA Exchange in the United States.. More on ALPS Equal Sector
Moving together with ALPS Etf
ALPS Etf Highlights
| Thematic Ideas | (View all Themes) |
| Old Name | EQL Pharma AB |
| Business Concentration | Size And Style ETFs, Large Cap ETFs, Large Blend, ALPS (View all Sectors) |
| Issuer | ALPS |
| Inception Date | 2009-07-06 |
| Benchmark | NYSE Select Sector Equal Weight Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 417.84 Million |
| Average Trading Valume | 6,090.5 |
| Asset Type | Equity |
| Category | Size and Style |
| Focus | Large Cap |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | ALPS Fund Services, Inc. |
| Advisor | ALPS Advisors, Inc. |
| Custodian | State Street Bank and Trust Company |
| Distributor | ALPS Portfolio Solutions Distributor, Inc. |
| Portfolio Manager | Ryan Mischker, Andrew Hicks |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 31-Aug |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 12.0 |
| Market Maker | GTS |
| Total Expense | 0.46 |
| Management Fee | 0.37 |
| Country Name | USA |
| Returns Y T D | 22.7 |
| Name | ALPS Equal Sector Weight ETF |
| Currency Code | USD |
| Open Figi | BBG000N8Y785 |
| In Threey Volatility | 16.36 |
| 1y Volatility | 10.69 |
| 200 Day M A | 120.65 |
| 50 Day M A | 128.4 |
| Code | EQL |
| Updated At | 30th of November 2024 |
| Currency Name | US Dollar |
ALPS Equal Sector [EQL] is traded in USA and was established 2009-07-06. The fund is classified under Large Blend category within ALPS family. The entity is thematically classified as Size And Style ETFs. ALPS Equal Sector currently have 264.57 M in assets under management (AUM). , while the total return for the last 3 years was 10.0%.
Check ALPS Equal Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on ALPS Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding ALPS Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as ALPS Equal Sector Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top ALPS Equal Sector Etf Constituents
| XLB | Materials Select Sector | Etf | Natural Resources | |
| XLC | Communication Services Select | Etf | Communications | |
| XLE | Energy Select Sector | Etf | Equity Energy | |
| XLF | Financial Select Sector | Etf | Financial | |
| XLI | Industrial Select Sector | Etf | Industrials | |
| XLK | Technology Select Sector | Etf | Technology | |
| XLP | Consumer Staples Select | Etf | Consumer Defensive | |
| XLRE | The Real Estate | Etf | Real Estate |
ALPS Equal Sector Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in ALPS Equal. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.1528 | |||
| Jensen Alpha | 0.0225 | |||
| Total Risk Alpha | 0.0116 | |||
| Sortino Ratio | (0.03) |
ALPS Equal Against Markets
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ALPS Equal Sector. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in producer price index. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
The market value of ALPS Equal Sector is measured differently than its book value, which is the value of ALPS that is recorded on the company's balance sheet. Investors also form their own opinion of ALPS Equal's value that differs from its market value or its book value, called intrinsic value, which is ALPS Equal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ALPS Equal's market value can be influenced by many factors that don't directly affect ALPS Equal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ALPS Equal's value and its price as these two are different measures arrived at by different means. Investors typically determine if ALPS Equal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ALPS Equal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.