Equal Weight ETFs
An equal weight ETF is merely an ETF that follows an index that doesn't weight the stocks it is holding by market capitalization, but instead gives an equal weight to every stock. It seems like a subtle difference, but the effects can be profound. An equal weight index causes the largest companies to be under-weighted compared to the market, and the smallest companies to be over-weighted compared to the market. This tilt towards smaller companies can be important, as factor research almost always concludes that smaller companies outperform large companies over the long-term.
An equal weight index often also causes a value tilt, because a traditional market capitalization weighted index is required to continue to buy the most highly priced (valued) stocks. By visiting the ETF's website, you can usually find information on the ETF's holding, such as the average price to book value, or average market capitalization. By comparing this information to information obtained from SPY's website (or the appropriate benchmark), you can usually determine if there is in fact a value tilt.
There are a number of equal weight ETFs in our database:
| Name | Symbol | Last price | Currency | AUM | Expense ratio, % | Inception date |
|---|---|---|---|---|---|---|
| Invesco S&P 500 Equal Weight ETF | ARCX:RSP | 182.19 | USD | 74,082,507,450 | 0.20 | Apr 24, 2003 |
| SPDR Series Trust SPDR S&P Biotech ETF | ARCX:XBI | 92.71 | USD | 7,340,290,000 | 0.35 | Jan 31, 2006 |
| SPDR S&P Regional Banking ETF | ARCX:KRE | 63.33 | USD | 5,460,170,000 | 0.35 | Jun 19, 2006 |
| Invesco S&P 500 Equal Weight Technology ETF | ARCX:RSPT | 39.52 | USD | 3,563,836,480 | 0.40 | Nov 01, 2006 |
| SPDR S&P Global Natural Resources ETF | ARCX:GNR | 52.87 | USD | 2,894,890,000 | 0.40 | Sep 13, 2010 |
| First Trust Cloud Computing ETF | XNAS:SKYY | 127.38 | USD | 2,765,643,932 | 0.60 | Jul 06, 2011 |
| SPDR S&P Aerospace & Defense ETF | ARCX:XAR | 178.94 | USD | 2,719,080,000 | 0.35 | Sep 28, 2011 |
| SPDR S&P Oil & Gas Explor & Product | XNYS:XOP | 137.67 | USD | 2,652,680,000 | 0.35 | Jun 19, 2006 |
| SPDR S&P Bank ETF | ARCX:KBE | 58.08 | USD | 2,588,980,000 | 0.35 | Nov 08, 2005 |
| SPDR Series Trust SPDR Homebuilders ETF | XNYS:XHB | 72.64 | USD | 2,382,540,000 | 0.35 | Jan 31, 2006 |
| First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | XNAS:GRID | 127.32 | USD | 2,132,395,250 | 0.57 | Nov 17, 2009 |
| SPDR S&P Metals & Mining ETF | ARCX:XME | 60.69 | USD | 1,978,600,000 | 0.35 | Jun 19, 2006 |
| First Trust Water ETF | ARCX:FIW | 105.27 | USD | 1,764,277,207 | 0.53 | May 11, 2007 |
| SPDR S&P Semiconductor ETF | ARCX:XSD | 263.55 | USD | 1,401,940,000 | 0.35 | Jan 31, 2006 |
| First Trust Amex Biotech Index Fund | ARCX:FBT | 179.35 | USD | 1,159,564,331 | 0.56 | Jun 23, 2006 |
| Exchange Traded Concepts Trust ROBO Global Robotics and Automation Index ETF | ARCX:ROBO | 60.89 | USD | 1,102,756,021 | 0.95 | Oct 22, 2013 |
| SPDR S&P Insurance ETF | ARCX:KIE | 56.84 | USD | 1,051,079,999 | 0.35 | Nov 08, 2005 |
| iShares MSCI USA Equal Weighted ETF | ARCX:EUSA | 99.73 | USD | 1,045,283,999 | 0.09 | May 07, 2010 |
| Invesco Equal Weight 0-30 Year Treasury ETF | XNAS:GOVI | 26.93 | USD | 1,024,762,680 | 0.15 | Oct 11, 2007 |
| Invesco S&P Global Water Index ETF | ARCX:CGW | 54.29 | USD | 973,806,960 | 0.50 | May 14, 2007 |
| Invesco S&P 100 Equal Weight ETF | XNYS:EQWL | 102.22 | USD | 952,681,360 | 0.25 | Dec 01, 2006 |
| MicroSectors FANG & Innovation 3x Leveraged ETN | ARCX:BULZ | 180.69 | USD | 933,516,250 | 0.95 | Aug 18, 2021 |
| SPDR NYSE Technology ETF | ARCX:XNTK | 215.07 | USD | 877,420,000 | 0.35 | Sep 25, 2000 |
| Invesco S&P 500 Equal Weight Health Care ETF | ARCX:RSPH | 31.07 | USD | 872,855,040 | 0.40 | Nov 01, 2006 |
| Direxion Daily S&P Biotech Bull 3X Shares | ARCX:LABU | 95.33 | USD | 832,070,128 | 0.96 | May 28, 2015 |
| Goldman Sachs Equal Weight U.S. Large Cap Equity ETF | BATS:GSEW | 80.86 | USD | 757,173,500 | 0.09 | Sep 15, 2017 |
| Direxion Daily Regional Banks Bull 3X Shares | ARCX:DPST | 124.21 | USD | 700,883,650 | 0.95 | Aug 20, 2015 |
| Invesco S&P 500 Equal Weight Industrials Portfolio | ARCX:RSPN | 53.11 | USD | 687,476,790 | 0.40 | Nov 01, 2006 |
| Invesco Russell 1000 Equal Weight ETF | ARCX:EQAL | 50.45 | USD | 650,351,400 | 0.20 | Dec 23, 2014 |
| SPDR S&P Retail ETF | ARCX:XRT | 80.35 | USD | 634,870,000 | 0.35 | Jun 19, 2006 |
| SPDR S&P Capital Markets ETF | ARCX:KCE | 145.64 | USD | 536,640,000 | 0.35 | Nov 08, 2005 |
| Invesco S&P 500 Equal Weight Energy ETF | ARCX:RSPG | 82.99 | USD | 515,810,635 | 0.40 | Nov 01, 2006 |
| SPDR S&P Software & Services ETF | ARCX:XSW | 193.76 | USD | 458,180,000 | 0.35 | Sep 28, 2011 |
| First Trust Nasdaq Artificial Intelligence and Robotics ETF | XNAS:ROBT | 47.82 | USD | 443,303,980 | 0.65 | Mar 05, 2018 |
| MicroSectors FANG ETNs due January 8, 2038 | ARCX:FNGS | 60.07 | USD | 421,917,592 | 0.58 | Nov 13, 2019 |
| ALPS Equal Sector Weight ETF | ARCX:EQL | 130.23 | USD | 415,721,809 | 0.25 | Jul 06, 2009 |
| WisdomTree Cloud Computing Fund | XNAS:WCLD | 39.35 | USD | 405,313,775 | 0.45 | Sep 06, 2019 |
| KraneShares Mount Lucas Managed Futures Index Strategy ETF | ARCX:KMLM | 27.45 | USD | 373,371,275 | 0.90 | Dec 02, 2020 |
| Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares | XNYS:GUSH | 30.09 | USD | 370,234,584 | 0.97 | May 29, 2015 |
| Invesco S&P 500 Equal Weight Utilities ETF | ARCX:RSPU | 67.72 | USD | 370,069,880 | 0.40 | Nov 01, 2006 |
| First Trust Indxx NextG ETF | XNAS:NXTG | 88.32 | USD | 362,592,161 | 0.70 | Feb 18, 2011 |
| MicroSectors FANG Index 2X Leveraged ETNs due January 8, 2038 | ARCX:FNGO | 101.31 | USD | 342,867,977 | 0.95 | Aug 23, 2018 |
| Goldman Sachs Innovate Equity ETF | ARCX:GINN | 64.94 | USD | 331,560,000 | 0.52 | Nov 09, 2020 |
| Invesco S&P 500 Equal Weight Financial ETF | ARCX:RSPF | 75.08 | USD | 316,339,640 | 0.40 | Nov 01, 2006 |
| Invesco WilderHill Clean Energy ETF | XNYS:PBW | 21.21 | USD | 315,428,873 | 0.50 | Mar 03, 2005 |
| Invesco S&P 500 Equal Weight Consumer Discretionary ETF | ARCX:RSPD | 54.36 | USD | 306,696,500 | 0.40 | Nov 01, 2006 |
| Invesco S&P 500 Equal Weight Consumer Staples ETF | ARCX:RSPS | 29.52 | USD | 300,150,770 | 0.40 | Nov 01, 2006 |
| Invesco S&P 500 Equal Weight Materials ETF | ARCX:RSPM | 34.46 | USD | 260,894,400 | 0.40 | Nov 01, 2006 |
| First Trust India Nifty 50 Equal Weight ETF | XNAS:NFTY | 54.95 | USD | 259,704,872 | 0.80 | Feb 28, 2012 |
| Defiance Quantum ETF | XNAS:QTUM | 84.20 | USD | 258,030,000 | 0.40 | Sep 05, 2018 |
| SPDR S&P Transportation ETF | ARCX:XTN | 91.18 | USD | 257,660,000 | 0.35 | Jan 26, 2011 |
| SPDR Global Dow ETF (based on The Global Dow) | ARCX:DGT | 138.27 | USD | 251,530,000 | 0.50 | Sep 25, 2000 |
| SPDR S&P Health Care Equipment | ARCX:XHE | 95.10 | USD | 229,060,000 | 0.35 | Jan 26, 2011 |
| SPDR Series Trust SPDR S&P Oil & Gas Equipment & Services ETF | XNYS:XES | 81.49 | USD | 228,440,000 | 0.35 | Jun 19, 2006 |
| WisdomTree Trust WisdomTree Artificial Intelligence and Innovation Fund | BATS:WTAI | 23.74 | USD | 226,051,930 | 0.45 | Dec 09, 2021 |
| First Trust Dow 30 Equal Weight ETF | ARCX:EDOW | 37.47 | USD | 223,423,744 | 0.50 | Aug 09, 2017 |
| SPDR S&P Kensho Clean Power ETF | ARCX:CNRG | 63.70 | USD | 173,090,000 | 0.45 | Oct 22, 2018 |
| SPDR S&P Pharmaceuticals ETF | ARCX:XPH | 45.00 | USD | 164,460,000 | 0.35 | Jun 19, 2006 |
| SPDR S&P Telecom ETF | ARCX:XTL | 112.01 | USD | 151,740,000 | 0.35 | Jan 26, 2011 |
| Amplify ETF Trust Amplify Online Retail ETF | ARCX:IBUY | 67.57 | USD | 143,412,500 | 0.65 | Apr 20, 2016 |
| Invesco S&P 500 Equal Weight Real Estate ETF | ARCX:RSPR | 35.32 | USD | 113,069,600 | 0.40 | Aug 13, 2015 |
| Innovator S&P Investment Grade Preferred ETF | BATS:EPRF | 18.70 | USD | 106,934,240 | 0.47 | May 24, 2016 |
| 3D Printing (The) ETF | BATS:PRNT | 22.18 | USD | 96,991,800 | 0.66 | Jul 20, 2016 |
| ARK Israel Innovative Technology ETF | BATS:IZRL | 24.10 | USD | 95,416,200 | 0.49 | Dec 05, 2017 |
| First Trust Indxx Innovative Transaction & Process ETF | XNAS:LEGR | 48.59 | USD | 89,164,546 | 0.65 | Jan 25, 2018 |
| Invesco Global Clean Energy ETF | ARCX:PBD | 11.81 | USD | 87,111,675 | 0.75 | Jun 13, 2007 |
| SPDR S&P Health Care Services ETF | ARCX:XHS | 100.73 | USD | 79,450,000 | 0.35 | Sep 28, 2011 |
| SPDR S&P Kensho Future Security ETF | ARCX:FITE | 70.80 | USD | 79,270,000 | 0.45 | Dec 26, 2017 |
| VanEck Environmental Services ETF | ARCX:EVX | 176.06 | USD | 77,614,965 | 0.55 | Oct 16, 2006 |
| Invesco S&P 500 Equal Weight Communication Services ETF | ARCX:RSPC | 35.00 | USD | 55,562,555 | 0.40 | Nov 07, 2018 |
| Investment Managers Series Trust II AXS Real Estate Income ETF | ARCX:RINC | 22.03 | USD | 42,780,529 | 0.89 | Aug 28, 2023 |
| Direxion Daily Retail Bull 3X Shares ETF | XNYS:RETL | 9.74 | USD | 39,300,075 | 0.97 | Jul 14, 2010 |
| Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF | ARCX:SZNE | 38.27 | USD | 37,720,000 | 0.60 | Aug 02, 2018 |
| SPDR S&P Kensho Smart Mobility ETF | ARCX:HAIL | 29.13 | USD | 26,610,000 | 0.45 | Dec 26, 2017 |
| Direxion Work From Home ETF | ARCX:WFH | 68.46 | USD | 24,844,452 | 0.45 | Jun 25, 2020 |
| The RBB Fund, Inc. F/m 3-Year Investment Grade Corporate Bond ETF | ARCX:ZTRE | 50.41 | USD | 22,217,944 | 0.15 | Jan 19, 2024 |
| Arrow Dow Jones Global Yield ETF ETF | XNYS:GYLD | 12.50 | USD | 22,190,644 | 0.75 | May 08, 2012 |
| Virtus LifeSci Biotech Products ETF | ARCX:BBP | 63.54 | USD | 20,884,738 | 0.79 | Dec 17, 2014 |
| SPDR S&P Kensho Final Frontiers ETF | ARCX:ROKT | 61.09 | USD | 20,040,000 | 0.45 | Oct 22, 2018 |
| MicroSectors FANG & Innovation -3x Inverse Leveraged ETN | ARCX:BERZ | 11.42 | USD | 17,770,417 | 0.95 | Aug 18, 2021 |
| KraneShares Emerging Markets Consumer Technology Index ETF | ARCX:KEMQ | 17.21 | USD | 16,266,680 | 0.50 | Oct 12, 2017 |
| The RBB Fund, Inc. F/m 10-Year Investment Grade Corporate Bond ETF | ARCX:ZTEN | 49.53 | USD | 16,209,229 | 0.15 | Jan 19, 2024 |
| Direxion Daily Pharmaceutical & Medical Bull 3X Shares | ARCX:PILL | 8.02 | USD | 15,634,807 | 1.01 | Nov 15, 2017 |
| Range Cancer Therapeutics ETF | XNAS:CNCR | 12.42 | USD | 12,734,373 | 0.79 | Oct 14, 2015 |
| Invesco Alerian Galaxy Crypto Economy ETF | BATS:SATO | 22.36 | USD | 11,800,523 | 0.60 | Oct 07, 2021 |
| SPDR S&P Kensho Intelligent Structures ETF | ARCX:SIMS | 35.07 | USD | 11,610,000 | 0.45 | Dec 26, 2017 |
| SYNTAX STRATIFIED MIDCAP ETF | ARCX:SMDY | 44.16 | USD | 11,572,000 | 0.35 | Jan 17, 2020 |
| ProShares Bitcoin & Ether Equal Weight ETF | ARCX:BETE | 85.59 | USD | 11,223,758 | 0.95 | Oct 02, 2023 |
| Virtus LifeSci Biotech Clinical Trials ETF | ARCX:BBC | 22.97 | USD | 10,385,303 | 0.79 | Dec 17, 2014 |
| The RBB Fund, Inc. F/m 2-Year Investment Grade Corporate Bond ETF | ARCX:ZTWO | 50.40 | USD | 10,076,869 | 0.15 | Jan 19, 2024 |
| Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF | ARCX:BTOP | 32.23 | USD | 9,466,988 | 0.90 | Oct 02, 2023 |
| First Trust Alerian US NextGen Infrastructure ETF | ARCX:RBLD | 70.53 | USD | 9,264,874 | 0.65 | Oct 17, 2008 |
| WisdomTree Emerging Currency Strategy Fund | ARCX:CEW | 17.41 | USD | 7,216,120 | 0.55 | Jun 02, 2009 |
| ProShares Trust ProShares Metaverse ETF | ARCX:VERS | 55.06 | USD | 6,018,084 | 0.58 | Mar 17, 2022 |
| First Trust S-Network E-Commerce ETF | XNAS:ISHP | 36.55 | USD | 4,411,109 | 0.60 | Oct 11, 2016 |
| Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF | BATS:BLKC | 25.47 | USD | 4,202,578 | 0.60 | Oct 07, 2021 |
| ProShares S&P Kensho Cleantech ETF | ARCX:CTEX | 22.41 | USD | 3,402,795 | 0.58 | Sep 30, 2021 |
| ProShares Decline of the Retail Store ETF | ARCX:EMTY | 12.74 | USD | 3,379,590 | 0.65 | Nov 16, 2017 |
| First Trust Indxx Medical Devices ETF | BATS:MDEV | 22.03 | USD | 3,097,091 | 0.70 | Jun 24, 2021 |
| ProShares Ultra Cloud Computing | XNAS:SKYU | 40.46 | USD | 2,664,922 | 0.95 | Jan 21, 2021 |
| WisdomTree BioRevolution Fund | BATS:WDNA | 15.11 | USD | 2,402,805 | 0.45 | Jun 03, 2021 |
| ProShares S&P Kensho Smart Factories ETF | ARCX:MAKX | 43.68 | USD | 1,060,408 | 0.58 | Sep 30, 2021 |
| Themes Robotics & Automation ETF | XNAS:BOTT | 29.71 | USD | 540,198 | 0.35 | |
| Themes European Luxury ETF | XNAS:FINE | 23.60 | USD | 433,304 | 0.35 | Dec 09, 2016 |
| Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares | XNYS:DRIP | USD | ||||
| Direxion Daily S&P Biotech Bear 3X Shares | XNYS:LABD | USD | ||||
| MicroSectors FANG Index 3X Leveraged ETNs due January 8, 2038 | ARCX:FNGU | 673.51 | USD | |||
| WisdomTree 1-3 Year Laddered Treasury Fund | XNAS:USSH | 50.36 | USD | |||
| WisdomTree 7-10 Year Laddered Treasury Fund | XNAS:USIN | 48.74 | USD | |||
| MicroSectors FANG Index -3X Inverse Leveraged ETNs due January 8, 2038 | ARCX:FNGD | 11.49 | USD | |||
| Exchange Listed Funds Trust Stratified LargeCap Index ETF | ARCX:SSPY | 80.99 | USD |