“Since inception this fund has outpaced the market-weighted S&P 500. Equal-weighting’s boosters claim the strategy beats the market by eliminating market-weighting’s growth bias,” says Morningstar analyst Samuel Lee.
Sector equal-weight ETFs include:
- Rydex S&P Equal Weight Consumer Discretionary ETF (NYSEArca: RCD): up 34.56% over the past three years.
- Rydex S&P Equal Weight Consumer Staples ETF (NYSEArca: RHS): up 21.45% over the past three years.
- Rydex S&P Equal Weight Energy ETF (NYSEArca: RYE): up 27.19% over the past three years.
- Rydex S&P Equal Weight Financials ETF (NYSEArca: RYF): up 17.53% over the past three years.
- Rydex S&P Equal Weight Health Care ETF (NYSEArca: RYH): up 21.13% over the past three years.
- Rydex S&P Equal Weight Industrials ETF (NYSEArca: RGI): up 21.1% over the past three years.
- Rydex S&P Equal Weight Materials ETF (NYSEArca: RTM): up 26.44% over the past three years.
- Rydex S&P Equal Weight Technology ETF (NYSEArca: RYT): up 25.82% over the past three years.
- Rydex S&P Equal Weight Utilities ETF (NYSEArca: RYU): up 15.02% over the past three years.
Rydex S&P Equal Weight ETF
For more information on equal-weight ETFs, visit our equal-weight ETFs category.
Read the disclaimer; Tom Lydon is a board member of the funds of Rydex|SGI.
Max Chen contributed to this article.