MSSS vs. EQL ETF Comparison
Comparison of Monarch Select Subsector Index ETF (MSSS) to ALPS Equal Sector Weight ETF (EQL)
MSSS
Monarch Select Subsector Index ETF
MSSS Description
MSSS is a fund-of-ETFs that provide exposure to companies considered part of economically advantageous US sectors and subsectors. The fund follows a proprietary rules-based methodology that selects sectors and subsectors based on the phase of the economic cycle. The methodology uses employment trends to determine the phase of the economic cycle. It then identifies the sectors and subsectors that have historically performed well during such cycle. The fund selects 10 US-listed ETFs that are expected to deliver the best risk-adjusted return for the identified phase. As the fund may hold subsector funds within the same sector, MSSS may have significant exposure in one or more sectors relative to others. The fund employs a replication indexing strategy in which it invests in securities in approximately the same proportions as the underlying index.
Grade (RS Rating)
Last Trade
$27.80
Average Daily Volume
7,108
5
EQL
ALPS Equal Sector Weight ETF
EQL Description
The investment seeks investment results that replicate as closely as possible, before fees and expenses, the performance of the Bank of America Securities - Merrill Lynch Equal Sector Weight Index (the "underlying index"). The underlying index is an index of indexes comprised in equal proportions of the nine Select Sector SPDR Indexes. The fund will use a "fund of funds" approach, and seek to achieve its investment objective by investing at least 90% of its total assets in the shares of Select Sector SPDR exchange-traded funds that track the Underlying Sector Indexes of which the underlying index is comprised. It is non-diversified.Grade (RS Rating)
Last Trade
$125.76
Average Daily Volume
5,853
2
Performance
Period | MSSS | EQL |
---|---|---|
30 Days | -3.64% | -1.10% |
60 Days | -1.84% | 0.89% |
90 Days | 3.22% | 5.98% |
12 Months | 27.64% |
1 Overlapping Holdings
Symbol | Grade | Weight in MSSS | Weight in EQL | Overlap | |
---|---|---|---|---|---|
XLRE | D | 10.13% | 8.96% | 8.96% |
MSSS Underweight 1 Positions Relative to EQL
Symbol | Grade | Weight | |
---|---|---|---|
XLC | A | -9.19% |
MSSS: Top Represented Industries & Keywords
EQL: Top Represented Industries & Keywords