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Top equal-weight index funds *Fund data as of May 9, 2024. Invesco S&P 500 Equal Weight ETF (RSP) The Invesco S&P 500 Equal Weight ETF tracks an equal weight S&P 500 index and is rebalanced quarterly.
Designed to compete directly with Vanguard and Fidelity index funds, the Schwab S&P 500 Index Fund is a low-cost fund with no investment minimum. It invests in 500 of the leading U.S. companies ...
Some benefits of equal-weight ETFs. Equal-weighted exchange-traded funds can often perform better than its market-weighted counterparts because there is less of a concentration of a sector of ...
To that end, you might consider the Direxion Nasdaq-100 Equal Weighted Index ETF (NYSEMKT: QQQE). The ETF invests 1% of its assets in each of the 100 constituents of the Nasdaq-100 index.
It is hard to beat the S&P 500 index, noting that most actively managed mutual funds don't achieve the feat. And, over the past year, neither has the Invesco S&P 500 Equal Weight ETF.
Equal weight index funds solve this issue by having each holding in the fund make up roughly the same percentage of fund assets. If a fund has 100 holdings, each one will account for about 1 ...
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