Is ALPS Equal Sector Weight ETF (EQL) a Strong ETF Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
Overview of ALPS Equal Sector Weight ETF: The ALPS Equal Sector Weight ETF (EQL), launched in 2009, offers broad exposure to the large-cap blend market and aims to match the performance of the NYSE Select Sector Equal Weight Index with a low expense ratio of 0.25% and a 12-month trailing dividend yield of 1.81%.
Performance and Comparison: EQL has shown a year-to-date increase of approximately 9.32% and is considered a medium-risk investment; however, investors may find better options in traditional market cap weighted ETFs like IShares Core S&P 500 ETF (IVV) and SPDR S&P 500 ETF (SPY), which have lower expense ratios and larger asset bases.
Analyst Views on IVV
Wall Street analysts forecast IVV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IVV is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 691.960
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Current: 691.960
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
