What is the Alps equal sector weight ETF (EQL)?

The ALPS Equal Sector Weight ETF (EQL) is an ETF of ETFs that delivers exposure to the US Large Cap Equity market by investing equal proportions in 11 Select Sector SPDRs and rebalances quarterly. EQL delivers moderate, yet meaningful exposure to every sector of the market. Performance data quoted represents past performance.

What is an equal-weight ETF?

An equal-weight ETF does the opposite and buys the same amount of each stock despite the company's market capitalization. The amount of diversification is lowered when an index is based only on market cap, says Alex Chalekian, CEO of Lake Avenue Financial. "Diversification is important especially in a volatile market," he says.

What is a NYSE® equal sector weight index investment?

The investment seeks investment results that replicate as closely as possible, before fees and expenses, the performance of the NYSE® Equal Sector Weight Index (the "underlying index").