Additionally, the Guggenheim ETF rebalances on a quarterly basis to maintain its equal-weight strategy.
The outperformance has helped RSP attract $1.3 billion in new assets so far this year, according to IndexUniverse. In August while U.S. equity ETFs saw $13.6 billion in outflows, the Guggenheim ETF hit a new record for assets under management and sits over the $5 billion AUM level.
For more information on the equal-weight methodology, visit our equal-weight ETFs category.
Max Chen contributed to this article.
Full disclosure: Tom Lydon’s clients own SPY and RSP.