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 |
|---|---|---|---|
| WISDOMTREE CLOUD COMPUTING | XNAS:WCLD | 38.93 | USD |
| Goldman Sachs Equal Weight U.S. Large Cap Equity | BATS:GSEW | 78.10 | USD |
| Invesco Russell Top 200 Equal Weight ETF | XNYS:EQWL | 102.65 | USD |
| Invesco S&P 500 Equal Weight Communication Svc | ARCX:RSPC | 34.79 | USD |
| ProShares Decline of the Retail Store | ARCX:EMTY | 13.00 | USD |
| Direxion Daily Retail Bl3X | XNYS:RETL | 10.33 | USD |
| ProShares Ultra Nasdaq Cloud Computing ETF | XNAS:SKYU | 38.44 | USD |
| First Trust Exchange-Traded Fund | XNAS:GRID | 120.51 | USD |
| Themes Robotics & Automation ETF | XNAS:BOTT | 28.48 | USD |
| ProShares S&P Kensho Smart Factories ETF | ARCX:MAKX | 41.06 | USD |
| SPDR S&P Oil & Gas Equipment & Services | XNYS:XES | 75.03 | USD |
| WisdomTree Emerging Currency Strategy Fd | ARCX:CEW | 18.01 | USD |
| Defiance Quantum | XNAS:QTUM | 81.09 | USD |
| INVESCO S&P 500 EQUAL WEIGHT | ARCX:RSPF | 72.62 | USD |
| INVESCO RUSSELL 1000 EQUAL W | ARCX:EQAL | 48.57 | USD |
| ProShares Trust ProShares Metaverse ETF | ARCX:VERS | 50.12 | USD |
| WisdomTree 1-3 Year Laddered Treasury Fund | XNAS:USSH | 50.24 | USD |
| FIRST TRUST INDXX NEXTG ETF | XNAS:NXTG | 85.14 | USD |
| The RBB Fund, Inc. F/m 2-Year Investment Grade Corporate Bond ETF | ARCX:ZTWO | 50.38 | USD |
| Direxion Daily S&P Oil & Gas Exp. & Prod | XNYS:GUSH | 25.26 | USD |
| SPDR S&P Health Care Services ETF | ARCX:XHS | 90.63 | USD |
| Innovator S&P Investment Grade Preferred ETF | BATS:EPRF | 18.50 | USD |
| First Trust Cloud Computing ETF | XNAS:SKYY | 123.22 | USD |
| First Trust Taiwan AlphaDEX | XNAS:NFTY | 56.99 | USD |
| Spdr Global Dow | ARCX:DGT | 133.79 | USD |
| Pacer CFRA-Stovall Equal Weight Seasonal Rotation | ARCX:SZNE | 37.08 | USD |
| ALPS Equal Sector Weight ETF | ARCX:EQL | 126.67 | USD |
| BioShares Biotechnology Products | ARCX:BBP | 60.82 | USD |
| First Trust Indxx Medical Devices ETF | BATS:MDEV | 20.76 | USD |
| Invesco WilderHill Clean Energy ETF | XNYS:PBW | 20.05 | USD |
| Direxion Daily Pharmaceutical & Medical | ARCX:PILL | 7.31 | USD |
| SYNTAX STRATIFIED MIDCAP ETF | ARCX:SMDY | 44.16 | USD |
| First Trust Nasdaq Retail | XNAS:ISHP | 36.03 | USD |
| MicroSectors™ FANG+™ Index 2X Leveraged ETN | ARCX:FNGO | 95.00 | USD |
| First Trust Dow 30 Equal Weight ETF | ARCX:EDOW | 36.63 | USD |
| Invesco Alerian Galaxy Crypto Economy ETF | BATS:SATO | 22.69 | USD |
| Robo-Stox G Rbtc | ARCX:ROBO | 56.22 | USD |
| SPDR S&P Metals & Mining | ARCX:XME | 56.87 | USD |
| SPDR S&P Global Natural Resources ETF | ARCX:GNR | 49.11 | USD |
| Arrow Dow Jones Global Yield ETF | XNYS:GYLD | 12.60 | USD |
| KFA Mount Lucas Managed Futures Index Strategy ETF | ARCX:KMLM | 28.20 | USD |
| The RBB Fund, Inc. F/m 3-Year Investment Grade Corporate Bond ETF | ARCX:ZTRE | 50.34 | USD |
| ProShares S&P Kensho Cleantech ETF | ARCX:CTEX | 21.43 | USD |
| SPDR S&P Semiconductor | ARCX:XSD | 248.46 | USD |
| SPDR S&P Oil & Gas Exploration & Production | XNYS:XOP | 126.26 | USD |
| Loncar Cancer Immunotherapy ETF | XNAS:CNCR | 12.09 | USD |
| SPDR S&P Pharmaceuticals | ARCX:XPH | 43.42 | USD |
| ARK Israeli Innovation Hedged | BATS:IZRL | 22.18 | USD |
| First Trust Amex Biotech Index Fund | ARCX:FBT | 165.53 | USD |
| MicroSectors FANG Index -3X Inverse Leveraged ETNs due January 8, 2038 | ARCX:FNGD | 13.05 | USD |
| INVESCO S&P 500 EQUAL WEIGHT | ARCX:RSPM | 33.05 | USD |
| SPDR Kensho Intelligent Structures | ARCX:SIMS | 34.25 | USD |
| First Trust Indxx Innovative Transaction & Process ETF | XNAS:LEGR | 46.64 | USD |
| SPDR S&P Bank ETF | ARCX:KBE | 55.84 | USD |
| Amplify Onln Etf | ARCX:IBUY | 65.43 | USD |
| SPDR S&P Aerospace & Defense ETF | ARCX:XAR | 166.35 | USD |
| Investment Managers Series Trust II AXS Real Estate Income ETF | ARCX:RINC | 22.10 | USD |
| INVESCO S&P 500 EQUAL WEIGHT | ARCX:RSPT | 38.05 | USD |
| Goldman Sachs Innovate Equity ETF | ARCX:GINN | 63.08 | USD |
| INVESCO S&P GLOBAL WATER IND | ARCX:CGW | 55.77 | USD |
| Direxion Work From Home ETF | ARCX:WFH | 66.00 | USD |
| SPDR S&P KENSHO CLEAN POWER | ARCX:CNRG | 60.97 | USD |
| First Trust Water ETF | ARCX:FIW | 102.89 | USD |
| VanEck Vect Envir Services ETF | ARCX:EVX | 173.12 | USD |
| INVESCO S&P 500 EQUAL WEIGHT | ARCX:RSPR | 35.21 | USD |
| SPDR Kensho Smart Mobility | ARCX:HAIL | 28.50 | USD |
| SPDR Morgan Stanley Technology | ARCX:XNTK | 205.60 | USD |
| MICROSECTORS FANG+ ETNS | ARCX:FNGS | 58.20 | USD |
| INVESCO S&P 500 EQUAL WEIGHT | ARCX:RSPG | 74.16 | USD |
| Direxion Daily S&P Biotech Bull 3X Shares | ARCX:LABU | 94.24 | USD |
| WisdomTree 7-10 Year Laddered Treasury Fund | XNAS:USIN | 48.98 | USD |
| SPDR S&P Regional Banking ETF | ARCX:KRE | 60.79 | USD |
| MicroSectors FANG & Innovation 3x Leveraged ETN | ARCX:BULZ | 170.24 | USD |
| Themes European Luxury ETF | XNAS:FINE | 22.14 | USD |
| SPDR S&P Biotech | ARCX:XBI | 91.39 | USD |
| SPDR Kensho Final Frontiers | ARCX:ROKT | 56.33 | USD |
| MicroSectors FANG Index 3X Leveraged ETNs due January 8, 2038 | ARCX:FNGU | 615.00 | USD |
| INVESCO S&P 500 EQUAL WEIGHT | ARCX:RSP | 176.66 | USD |
| WisdomTree BioRevolution Fund | BATS:WDNA | 14.60 | USD |
| INVESCO S&P 500 EQUAL WEIGHT | ARCX:RSPU | 66.23 | USD |
| iShares MSCI USA Equal Weighted ETF | ARCX:EUSA | 96.07 | USD |
| SPDR S&P Retail | ARCX:XRT | 81.24 | USD |
| SPDR S&P Insurance ETF | ARCX:KIE | 56.81 | USD |
| BioShares Biotechnology Clinical Trials | ARCX:BBC | 24.40 | USD |
| SPDR Kensho Future Security | ARCX:FITE | 67.21 | USD |
| KraneShares Emerging Markets Consumer Technology | ARCX:KEMQ | 17.09 | USD |
| SPDR S&P Telecom ETF | ARCX:XTL | 108.91 | USD |
| MicroSectors FANG & Innovation -3x Inverse Leveraged ETN | ARCX:BERZ | 12.85 | USD |
| Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF | BATS:BLKC | 27.39 | USD |
| Bitwise Funds Trust Bitwise Bitcoin and Ether Equal Weight Strategy ETF | ARCX:BTOP | 57.99 | USD |
| SPDR S&P Software & Services ETF | ARCX:XSW | 194.59 | USD |
| ProShares Trust ProShares Bitcoin & Ether Equal Weight Strategy ETF | ARCX:BETE | 82.93 | USD |
| SPDR S&P Capital Markets ETF | ARCX:KCE | 138.58 | USD |
| INVESCO 1-30 LADDERED TREASU | XNAS:GOVI | 27.24 | USD |
| First Trust Nasdaq Artificial Intelligence and Robotics ETF | XNAS:ROBT | 45.42 | USD |
| INVESCO GLOBAL CLEAN ENERGY | ARCX:PBD | 11.67 | USD |
| INVESCO S&P 500 EQUAL WEIGHT | ARCX:RSPN | 50.94 | USD |
| SPDR S&P Transportation ETF | ARCX:XTN | 86.09 | USD |
| INVESCO S&P 500 EQUAL WEIGHT | ARCX:RSPD | 54.09 | USD |
| Syntax Stratified LargeCap ETF | ARCX:SSPY | 78.65 | USD |
| The 3D Printing | BATS:PRNT | 21.62 | USD |
| INVESCO S&P 500 EQUAL WEIGHT | ARCX:RSPS | 30.50 | USD |
| Direxion Daily Regional Banks Bull 3X Shares | ARCX:DPST | 110.53 | USD |
| First Trust Global Engineering and Const | ARCX:RBLD | 66.93 | USD |
| SPDR S&P Health Care Equipment | ARCX:XHE | 89.31 | USD |
| The RBB Fund, Inc. F/m 10-Year Investment Grade Corporate Bond ETF | ARCX:ZTEN | 49.60 | USD |
| INVESCO S&P 500 EQUAL WEIGHT | ARCX:RSPH | 29.44 | USD |
| WisdomTree Trust WisdomTree Artificial Intelligence and Innovation Fund | BATS:WTAI | 22.41 | USD |