At a glance
- The fund's underlying index returned 3.7% from Sept. 30 to Oct. 30, with nine of its 11 sectors higher.
- Energy, consumer staples, utilities and healthcare each returned more than 9% in October and together added 3.90 percentage points, VettaFi data showed.
- For advisors holding EQL as a sector sleeve, the roughly 9% sector cap is the mechanism: a 14.2% energy month adds 1.25 percentage points and stops there.
The ALPS Equal Sector Weight ETF (EQL) drew $19.21 million in net inflows in the month ended Oct. 30, according to ETF Trends, citing ETF Database. The fund's underlying index returned 3.7% from Sept. 30 to Oct. 30, with nine of its 11 sectors higher.
Energy, consumer staples, utilities and healthcare each returned more than 9% in October and together added 3.90 percentage points, VettaFi data showed. The four sectors each carry roughly 9% of the index. Their combined contribution exceeded the index's 3.7% gain because communications fell 14.8% and technology dropped 7.2%.
For advisors holding EQL as a sector sleeve, the roughly 9% sector cap is the mechanism: a 14.2% energy month adds 1.25 percentage points and stops there. Alphabet carried a 5.12% index weight and fell 18.7%, cutting 0.96 percentage point, nearly as much as energy contributed.
The fund holds $788.34 million in net assets and charges 0.19%, ETF Trends reported. The $19.21 million of inflows equals about 2.4% of net assets.
Four sectors rose over 9% while communications fell 14.8%
Sector returns in the index, Sept. 30 to Oct. 30 (%)
- Above zero
- Below zero
- Energy+14.2%
- Consumer staples+10.3%
- Utilities+10.2%
- Healthcare+9.6%
- Industrials+0.02%
- Technology−7.2%
- Communications−14.8%
Show as table
| Label | Value (%) |
|---|---|
| Energy | +14.2% |
| Consumer staples | +10.3% |
| Utilities | +10.2% |
| Healthcare | +9.6% |
| Industrials | +0.02% |
| Technology | −7.2% |
| Communications | −14.8% |
Reported by The Tape desk from ETF Trends, ETF Database and VettaFi. Published . Corrections