US Equal-Weights & Sector-Rotation ETFs

US Equal-Weights & Sector-Rotation ETFs
  • Pininvest Analysis

A confrontation between equal weighted funds and sector rotation strategies

The test is hardly conclusive in the current market environment for sector rotation ETFs, a classic approach based on the market cycle, swinging from sector to sector, in a 3-9 month anticipation of economic expansion and contraction

The poor performance of 3 ‘rotation’ funds (out of 4) may well reflect unusually close correlation between sectors under the current market conditions, making trend differentiation by sector an exercise wrought in uncertainty. Obviously, market conditions will change over time and so will the funds performance

Equal weighted ETFs dominate our theme with widely differing profiles, in terms of market capitalization or by factor model – but a more comprehensive asset base always implies a tilt towards securities with smaller market caps

We do not receive any commission or other form of compensation from the providers included in our 'Funds' presentation

US Equal-Weights & Sector-Rotation ETFs • Updated:

Name Ticker Exchange Category SubCategory Currency Cur.Price AUM Perf. Momentum Vol. Risk Contrib. MDD
 
Alps Equal Sector Weight ETF EQL NYSEARCA US Market Balanced Exposure USD 101.52 152 M 35.6 % Neutral 15 %   7 % -8 %
Barclays ETN+ Shiller CapeTM ETN CAPE NYSEARCA US Market LargeCap Sect-Rotation USD 21.32 182 M 42.9 % Neutral 15 %   6 % -8 %
Barron's 400 ETF BFOR NYSEARCA US Market Broad Market Multi-Factors USD 59.99 122 M 46.1 % Neutral 17 %   8 % -9 %
Direxion NASDAQ-100® Equal Weighted Index Shares QQQE NYSEARCA US Market LargeCap EqWeights USD 85.12 232 M 36.4 % Weak Up 19 %   7 % -10 %
First Trust Nasdaq-100 Equal Weighted Index Fund QQEW NASDAQ US Market LargeCap Size USD 114.34 843 M 36.3 % Weak Up 19 %   7 % -10 %
Invesco Raymond James SB-1 Equity ETF RYJ NYSEARCA Factors Multi Factor USD 59.41 135 M 51.1 % Neutral 19 %   9 % -8 %
Invesco Russell 1000 Enhanced Equal Weight ETF USEQ BATS US Market LargeCap/ MidCap USD 36.63 11 M 40.6 % Neutral 16 %   7 % -8 %
Invesco Russell 1000 Equal Weight ETF EQAL NYSEARCA US Market LargeCap/ MidCap USD 45.49 524 M 43.5 % Neutral 16 %   8 % -8 %
Invesco Russell 1000 Low Beta Equal Weight ETF USLB NASDAQ US Market LargeMidCap LowVolatility USD 39.85 54 M 26.0 % Neutral 13 %   3 % -6 %
Invesco S&P 100® Equal Weight ETF EQWL NYSEARCA US Market LargeCap EqWeights USD 81.61 56 M 42.6 % Neutral 15 %   7 % -8 %
Invesco S&P 500® Equal Weight ETF RSP NYSEARCA US Market LargeCap EqWeights USD 152.68 15 B 44.2 % Neutral 16 %   7 % -8 %
Invesco S&P SmallCap 600® Equal Weight ETF EWSC NYSEARCA US Market SmallCap USD 81.45 27 M 71.9 % Weak Down 26 %   10 % -11 %
iShares MSCI USA Equal Weighted ETF EUSA NYSEARCA Factors EqualWeight USD 85.63 326 M 43.9 % Neutral 15 %   7 % -8 %
ProShares S&P 500® Dividend Aristocrats ETF NOBL NYSEARCA US Market Dividend Yield USD 92.57 6.1 B 30.8 % Neutral 15 %   7 % -7 %