The ETF space may feel like a new, trendy offering in the investing world, but ETFs have been around for quite some time. Indeed, the most popular among them, the SPDR S&P 500 ETF Trust (SPY) hit its 30th anniversary recently.
If you're interested in broad exposure to the Large Cap Blend segment of the US equity market, look no further than the ALPS Equal Sector Weight ETF (EQL), a passively managed exchange traded fund launched on 07/07/2009.
Interest rates, inflation, and geopolitical uncertainty all pose their own challenges to investors. Perhaps one of the most concerning, however, may be concentration risk.
ALPS Equal Sector Weight ETF offers a different weighting scheme to market-cap weighted averages, providing diversification and reducing sector concentration risk. EQL equal weights the 11 Select Sector SPDR ETFs, rebalancing quarterly, and offers a simple way to track sector performance. EQL has outperformed the Invesco's S&P 500 Equal Weight ETF since 2021, but both have underperformed the market-cap weighted S&P 500.
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.