EDOW vs EQL: Grades, Fees and Holdings Compared

First Trust Dow 30 Equal Weight ETF

EDOWCNYSE Arca

ALPS Equal Sector Weight ETF

EQLBNYSE Arca

Overlap

24.2%by weight

Expense ratio

EQL −0.31pt a year

EDOW0.50%EQL0.19%

Avg volume · 30D

EQL 3.2×the volume

EDOW14.2KEQL44.7K

5Y return · a year

EQL +3.2pt

EDOW+9.9%EQL+13.1%

EDOW vs EQL Performance

Oct 29, 2021 – Oct 30, 2026

+60.3%EDOW+85.2%EQL

Expense ratio: EDOW 0.50%; EQL 0.19%, better
Fund size: EDOW $325M; EQL $786M
1Y total return: EDOW +14.3%; EQL +14.7%, better
Yield (12M): EDOW 1.22%; EQL 1.29%, better
Holdings: EDOW 31; EQL 498
Avg volume (30D): EDOW 14.2K sh; EQL 44.7K sh, better
NAV per share: EDOW $46.13; EQL $51.91
52W range

ETF.net Grade

Pillar letters and Scores for EDOW, EQL, with each pillar’s weight
Pillar	EDOW	EQL
Cost30% weight	F8	B62Higher
Mission25% weight	A85	A89Higher
Risk15% weight	B57	A74Higher
Tradability15% weight	C44	C46Higher
Holdings10% weight	D31	C44Higher
Durability5% weight	C45	B64Higher

Rank among US Equal Weight funds

How we build Categories ›

Same Category. EDOW 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 EDOW 8th of 9 funds in the US Equal Weight Category.

Rank 1AEUSAiShares MSCI USA Equal Weighted ETFScore 80
Rank 2AGSEWGoldman Sachs Equal Weight U.S. Large Cap Equity ETFScore 78
Rank 3AEQALInvesco Russell 1000 Equal Weight ETFScore 70
Rank 4BEQLALPS Equal Sector Weight ETFScore 66
Rank 5BEQWLInvesco S&P 100 Equal Weight ETFScore 65
Rank 7CQEWInvesco QQQ Equal Weight ETFScore 45
Rank 8CEDOWFirst Trust Dow 30 Equal Weight ETFScore 44
Rank 9DUSEWCambria US EW ETFScore 25

Our read on each fund

ETF.net Research

EDOWCFirst Trust Dow 30 Equal Weight ETF

EQLBALPS Equal Sector Weight ETF

In short

EDOW The Dow, with the price tags ignored. EDOW holds the index's roughly 30 blue chips at equal weight, so no single high-priced share dominates the portfolio. The trade-off is a fee well above most equal-weight rivals.

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

EDOW The fund seeks to track generally the price and yield, before fees and expenses, of the Dow Jones Industrial Average® Equal Weight Index.

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

EDOW A rare mandate: it equal-weights the Dow's roughly 30 blue chips, so each name gets the same slice instead of share price deciding influence.
Straight indexing, no manager discretion: the stated job is tracking the Dow Jones Industrial Average Equal Weight Index, and it has run that job since 2017.ftportfolios.com
A portfolio you can read in one screen: about 30 US large caps, with distributions paid quarterly.

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

EDOW At 0.50% a year, the fee runs more than double the 0.20% median for equal-weight peers, and rivals like GSEW and EUSA charge 0.09%.
Thinly traded next to the larger equal-weight funds, so bid-ask spreads can be wider, particularly in fast markets.
About 30 holdings means every name carries real weight, and the sector mix is simply whoever sits in the Dow at the time.

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 EDOW profile⁠

Full EQL profile⁠

EDOW vs EQL Holdings

How EDOW and EQL differ

Overlap by weight

24.2%

Shared holdings make up 99.8% of EDOW and 26.0% of EQL.

Level by level

Holdings30 in both24.2%
Sector11 Sectors69.6%
Countryby domicile99.4%
Asset classEquity100%

Sector

Sector weights in EDOW and EQL, widest gap first
Sector	More in EDOWMore in EQL	EDOW	EQL
Technology	EDOW +9.5 points	20.3%	10.8%
Real Estate	EQL +8.6 points	0.0%	8.6%
Utilities	EQL +8.6 points	0.0%	8.6%
Financials	EDOW +7.4 points	16.0%	8.6%
Energy	EQL +5.7 points	3.3%	9.0%
Materials	EQL +4.8 points	3.4%	8.2%
Industrials	EDOW +4.7 points	13.4%	8.7%
Health Care	EDOW +4.1 points	13.6%	9.4%
Consumer Discretionary	EDOW +3.4 points	12.8%	9.4%
Communication	EQL +2.5 points	7.0%	9.5%
Consumer Staples	EDOW +1.1 points	10.2%	9.1%

Country, concentration and asset class

Country by domicile

Country weights in EDOW and EQL, widest gap first
Country	More in EDOWMore in EQL	EDOW	EQL
United States	EDOW +0.6 points	100.0%	99.4%
Other countries (4)	EQL +0.6 points	0.0%	0.6%

Concentration

Weight in the 10 largest Holdings

EDOW36.3%
EQL23.1%

Securities held

EDOW30
EQL497

Asset class

EDOW: Equity
EQL: Equity

Holdings

Only in EDOW0
In both30
Only in EQL467

Only in EDOW

0 securities, 0.0% of EDOW by weight

Only in EQL

467 securities, 73.5% of EQL by weight

ExxonMobil Holdings Corp.2.89%
Linde PLC1.91%
Meta Platforms Inc.1.85%
Eli Lilly & Co.1.75%
Tesla Inc.1.69%
Costco Wholesale Corp.1.40%
Welltower Inc.1.37%
NextEra Energy Inc.1.17%
Berkshire Hathaway Inc.1.10%
Philip Morris International Inc.1.02%
Prologis Inc.0.99%
Newmont Corp.0.91%
Equinix Inc.0.81%
AbbVie Inc.0.76%
Southern Co.0.72%
Freeport-McMoRan Inc.0.72%
American Tower Corp.0.71%
ConocoPhillips0.69%
Duke Energy Corp.0.67%
Ecolab Inc.0.61%
Constellation Energy Corp.0.60%
PepsiCo Inc.0.58%
Air Products and Chemicals Inc.0.57%
Simon Property Group Inc.0.57%
Mastercard Inc.0.56%
Broadcom Inc.0.54%
Digital Realty Trust Inc.0.54%
Nucor Corp.0.50%
American Electric Power Co. Inc.0.48%
General Electric Co.0.48%
Marathon Petroleum Corp.0.47%
Space Exploration Technologies Corp.0.46%
Public Storage0.44%
Realty Income Corp.0.44%
Valero Energy Corp.0.43%
Phillips 660.42%
RTX Corp.0.41%
Altria Group Inc.0.41%
Dominion Energy Inc.0.39%
Vivmark Residential0.39%
Bank of America Corp.0.38%
Sempra0.38%
Thermo Fisher Scientific Inc.0.37%
Entergy Corp.0.35%
Micron Technology Inc.0.35%
Ventas Inc.0.35%
Netflix Inc.0.35%
GE Vernova Inc.0.35%
Williams Cos. Inc.0.34%
Xcel Energy Inc.0.34%

Weight gaps

All 30 Holdings in both funds, largest gap first.

Holding weights in EDOW and EQL, widest gap first
Holding	More in EDOWMore in EQL	EDOW	EQL
Amgen Inc.AMGN	EDOW +3.52 points	3.89%	0.37%
The Travelers Companies, Inc.TRV	EDOW +3.44 points	3.53%	0.09%
Honeywell International Inc.HON	EDOW +3.43 points	3.48%	0.05%
International Business Machines CorporationIBM	EDOW +3.42 points	3.51%	0.09%
3M CompanyMMM	EDOW +3.33 points	3.47%	0.14%
NIKE, Inc. (Class B)NKE	EDOW +3.32 points	3.39%	0.07%
The Walt Disney CompanyDIS	EDOW +3.22 points	3.48%	0.26%
McDonald's CorporationMCD	EDOW +3.06 points	3.33%	0.27%
American Express CompanyAXP	EDOW +3.00 points	3.24%	0.24%
Salesforce, Inc.CRM	EDOW +3.00 points	3.07%	0.07%
Cisco Systems, Inc.CSCO	EDOW +2.97 points	3.12%	0.15%
The Home Depot, Inc.HD	EDOW +2.98 points	3.47%	0.49%
Visa Inc. (Class A)V	EDOW +2.91 points	3.68%	0.77%
UnitedHealth Group IncorporatedUNH	EDOW +2.86 points	3.39%	0.53%
The Sherwin-Williams CompanySHW	EDOW +2.78 points	3.39%	0.61%
Merck & Co., Inc.MRK	EDOW +2.77 points	3.31%	0.54%
The Goldman Sachs Group, Inc.GS	EDOW +2.55 points	2.84%	0.29%
The Procter & Gamble CompanyPG	EDOW +2.53 points	3.70%	1.17%
The Boeing CompanyBA	EDOW +2.51 points	2.72%	0.21%
Johnson & JohnsonJNJ	EDOW +2.39 points	3.35%	0.96%
The Coca-Cola CompanyKO	EDOW +2.25 points	3.51%	1.26%
JPMorgan Chase & Co.JPM	EDOW +2.13 points	3.11%	0.98%
Walmart Inc.WMT	EDOW +2.11 points	3.82%	1.71%
Microsoft CorporationMSFT	EDOW +2.11 points	3.47%	1.36%
Caterpillar Inc.CAT	EDOW +2.07 points	2.50%	0.43%
Chevron CorporationCVX	EDOW +1.86 points	3.60%	1.74%
Apple Inc.AAPL	EDOW +1.77 points	3.57%	1.80%
Alphabet Inc. (Class A)GOOGL	EQL +1.42 points	2.77%	4.19%
NVIDIA CorporationNVDA	EDOW +1.29 points	2.99%	1.70%
Amazon.com, Inc.AMZN	EQL +0.42 points	3.11%	3.53%

All 30 EDOW holdings⁠All 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.

EDOW vs EQL Cost

Overpaying EDOW vs EQL

$6,027

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

EDOW 0.50%
$9,979
EQL 0.19%
$3,952

Amount$10,000

Years30 years

Cost over time

EDOW 0.50%
EQL 0.19%
Overpaying

Year by year

Year	EDOW	EQL	Overpaying
10	$900	$347	$553
20	$3,460	$1,351	$2,109
30	$9,979	$3,952	$6,027

Expense ratio

0.50%EDOW
0.19%EQL, cheaper

EQL0.19%EDOW0.50%

0.09%0.50%

Middle half of US Equal Weight funds
Median 0.20%

EQL 3rd cheapest of 9 funds

EDOW 9th cheapest of 9 funds

EDOW vs EQL Dividends

Last 12 months to Oct 30, 2026

Yield (12M): EDOW 1.22%; EQL 1.29%, better
Payout (12M): EDOW $0.56; EQL $0.67
Last payment: EDOW $0.13; EQL $0.18
Ex-dividend: EDOW Sep 24, 2026; EQL Sep 24, 2026
Paid on: EDOW Sep 30, 2026; EQL Sep 29, 2026
Frequency: EDOW Quarterly; EQL Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

EDOWQuarterly · 37 paymentsAll EDOW payments⁠

EQLQuarterly · 39 paymentsAll EQL payments⁠

EDOW vs EQL Risk

Fall from peak · 5 years

EDOW
EQL

Risk facts

VolatilityStd dev, 3 years: EDOW 11.5%EQL 10.5%, better
Return per unit of riskSharpe ratio, 3 years: EDOW 1.18EQL 1.46, better
Worst fallMax drawdown, 5 years: EDOW −22.0%EQL −17.4%, better
Market sensitivityBeta, 5 years: EDOW 0.85EQL 0.73; Market = 1

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