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DFVE vs EQL

DoubleLine Fortune 500 Equal Weight ETF

DFVEBNYSE Arca

ALPS Equal Sector Weight ETF

EQLBNYSE Arca

Overlap

Expense ratio

EQL −0.01pt a year

DFVE0.20%EQL0.19%

Avg volume · 30D

EQL 5.9×the volume

DFVE7.62KEQL44.7K

DFVE vs EQL Performance

Oct 31, 2025 – Oct 30, 2026

+19.0%DFVE+14.7%EQL

Oct 31, 2025 to Oct 30, 2026. DFVE +19.0%. EQL +14.7%. Use the arrow keys to read each point.0%5%10%Oct 2025Apr 2026Oct 2026
Expense ratio
DFVE 0.20%
EQL 0.19%, better
Fund size
DFVE $46M
EQL $786M
1Y total return
DFVE +19.0%, better
EQL +14.7%
Yield (12M)
DFVE 1.34%, better
EQL 1.29%
Holdings
DFVE 466
EQL 498
Avg volume (30D)
DFVE 7.62K sh
EQL 44.7K sh, better
NAV per share
DFVE $36.56
EQL $51.91
52W range

ETF.net Grade

DFVE: Cost 62, Risk 43, Mission 96, Tradability 23, Holdings 100, Durability 33. EQL: Cost 62, Risk 74, Mission 89, Tradability 46, Holdings 44, Durability 64.
Pillar letters and Scores for DFVE, EQL, with each pillar’s weight
PillarDFVEEQL
Cost30% weightB62B62
Mission25% weightA96HigherA89
Risk15% weightC43A74Higher
Tradability15% weightF23C46Higher
Holdings10% weightA100HigherC44
Durability5% weightD33B64Higher

Rank among US Equal Weight funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. DFVE and EQL are both graded against the same 9 US Equal Weight funds, so their Grades compare head to head.

US Equal Weight⁠

Category · 9 funds
See all 9 ›

EQL ranks 4th and DFVE 6th of 9 funds in the US Equal Weight Category.

  1. Rank 1AEUSAiShares MSCI USA Equal Weighted ETFScore 80
  2. Rank 2AGSEWGoldman Sachs Equal Weight U.S. Large Cap Equity ETFScore 78
  3. Rank 3AEQALInvesco Russell 1000 Equal Weight ETFScore 70
  4. Rank 4BEQLALPS Equal Sector Weight ETFScore 66
  5. Rank 5BEQWLInvesco S&P 100 Equal Weight ETFScore 65
  6. Rank 6BDFVEDoubleLine Fortune 500 Equal Weight ETFScore 63
  7. Rank 7CQEWInvesco QQQ Equal Weight ETFScore 45

Our read on each fund

ETF.net Research

DFVEBDoubleLine Fortune 500 Equal Weight ETF

EQLBALPS Equal Sector Weight ETF

In short

DFVE Most equal-weight funds start with a market-cap index. This one starts with the Fortune 500, a ranking by revenue, then splits money evenly across the members that are public, US-incorporated and liquid enough to trade.

EQL Every equal-weight fund levels something. EQL levels sectors: eleven U.S. economic sectors, each handed an equal slice, so no single sector sets the agenda. Running since 2009 at 0.19% a year.

Stated mandate

DFVE The fund seeks to track the investment results of the Barclays Fortune 500 Equal Weighted Total Return Index, using equal investments across eligible public companies in the annual Fortune 500 list.

EQL EQL passively seeks to track, before fees and expenses, the VettaFi Modelist Equal Weight Sector 500 Index. The index equally weights eleven U.S. economic sectors and float-adjusts stocks within each sector.

Why people hold it

  • DFVE Revenue picks the roster, not market cap. The Fortune 500 list minus private firms, non-NYSE/Nasdaq listings, MLPs, foreign-incorporated names and illiquid ones.doubleline.com
  • Every holding gets the same slice at the annual reconstitution and each quarterly rebalance, so the trillion-dollar giants carry no more weight than the smallest member.doubleline.com
  • It has stuck tightly to its Barclays index rather than drifting, and the portfolio spreads risk across hundreds of large US companies with no concentrated bets.
  • A plain 1940 Act stock fund with quarterly distributions. No swaps-only wrapper, no K-1, no leverage dressing up the exposure.
  • EQL Eleven sectors, eleven equal slices at each index reset. Any sector's share of the portfolio is capped by the rulebook, not by a manager's opinion.alpsfunds.com
  • 0.19% a year, a shade under the 0.20% typical of its equal-weight peer group.
  • Trading since 2009, one of the longer-running equal-weight funds on the tape, and it sits in the upper half of that peer group.
  • A plain index tracker with a published benchmark (the VettaFi Modelist Equal Weight Sector 500 Index) and no discretionary tilts bolted on.alpsfunds.com

Worth knowing

  • DFVE 0.20% is the middle of the equal-weight pack. GSEW and EUSA run 0.09% for broad equal-weight US large caps, though neither uses the Fortune 500 roster.
  • Small and lightly traded next to the household-name equal-weight funds, which tends to mean wider spreads on the way in and out.
  • Launched in 2024, so the track record is short and the fund is still building scale.prnewswire.com
  • EQL Cheaper equal-weight funds exist: GSEW and EUSA both run 0.09%, though they level individual stocks rather than sectors.
  • Thinly traded next to the giants in its category, which can mean wider bid-ask spreads at the moment you trade.
  • Equal sectors is not equal stocks. Inside each sector slice, names are float-adjusted, so the biggest companies still lead their own group.alpsfunds.com

Full DFVE profile⁠

Full EQL profile⁠

DFVE vs EQL Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DFVE vs EQL Cost

Overpaying DFVE vs EQL

$203

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DFVE 0.20%

    $4,155

  • EQL 0.19%

    $3,952

$10,000
30 years

Cost over time

  • DFVE 0.20%
  • EQL 0.19%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K$5K051015202530DFVE $4,155EQL $3,952

Year by year

YearDFVEEQLOverpaying
10$365$347$18
20$1,421$1,351$70
30$4,155$3,952$203

Expense ratio

  • 0.20%DFVE
  • 0.19%EQL, cheaper
  • Middle half of US Equal Weight funds
  • Median 0.20%

EQL 3rd cheapest of 9 funds

DFVE 4th cheapest of 9 funds

DFVE vs EQL Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DFVE 1.34%, better
EQL 1.29%
Payout (12M)
DFVE $0.49
EQL $0.67
Last payment
DFVE $0.12
EQL $0.18
Ex-dividend
DFVE Oct 1, 2026
EQL Sep 24, 2026
Paid on
DFVE Oct 7, 2026
EQL Sep 29, 2026
Frequency
DFVE Quarterly
EQL Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DFVEQuarterly · 11 paymentsAll DFVE payments⁠
One bar per payment. 11 payments from 2017 to 2026 YTD. Apr 1, 2024 $0.08; Jul 1, 2024 $0.11; Oct 1, 2024 $0.11; Dec 23, 2024 $0.13; Apr 1, 2025 $0.12; Jul 1, 2025 $0.12; Oct 1, 2025 $0.12; Dec 23, 2025 $0.13; Apr 1, 2026 $0.12; Jul 1, 2026 $0.13; Oct 1, 2026 $0.12. Use the arrow keys to read each point.$0$0.502017202020232026YTD
EQLQuarterly · 39 paymentsAll EQL payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.27; Jun 21, 2017 $0.33; Sep 21, 2017 $0.35; Dec 21, 2017 $0.42; Mar 22, 2018 $0.30; Jun 21, 2018 $0.36; Sep 20, 2018 $0.38; Dec 20, 2018 $0.49; Mar 21, 2019 $0.31; Jun 20, 2019 $0.41; Sep 19, 2019 $0.36; Dec 19, 2019 $0.48; Mar 19, 2020 $0.64; Jun 18, 2020 $0.38; Sep 17, 2020 $0.41; Dec 22, 2020 $0.55; Mar 18, 2021 $0.37; Jun 17, 2021 $0.44; Sep 23, 2021 $0.45; Dec 22, 2021 $0.60; Mar 24, 2022 $0.41; Jun 23, 2022 $0.48; Sep 22, 2022 $0.54; Dec 22, 2022 $0.72; Mar 23, 2023 $0.52; Jun 22, 2023 $0.45; Sep 21, 2023 $0.56; Dec 21, 2023 $0.62; Mar 21, 2024 $0.48; Jun 20, 2024 $0.49; Sep 24, 2024 $0.59; Dec 24, 2024 $0.67; Mar 26, 2025 $0.51; Jun 25, 2025 $0.19; Sep 25, 2025 $0.20; Dec 24, 2025 $0.24; Mar 26, 2026 $0.18; Jun 25, 2026 $0.07; Sep 24, 2026 $0.18. Use the arrow keys to read each point.$0$0.502017202020232026YTD

DFVE vs EQL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
DFVE 13.1%since Mar 2024EQL 10.5%
Return per unit of riskSharpe ratio, 3 years
DFVE 0.81since Mar 2024EQL 1.46
Worst fallMax drawdown, 5 years
DFVE −19.4%since Feb 2024EQL −17.4%
Market sensitivityBeta, 5 years
DFVE 0.81EQL 0.73

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