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. Vol. Risk Contrib. MDD
 
Alps Equal Sector Weight ETF EQL NYSEARCA US Market LargeCap EqWeights USD 75.62 161 M 8.7% 13%   5% -18%
Barclays ETN+ Shiller CapeTM ETN CAPE NYSEARCA US Market LargeCap Sect-Rotation USD 139.43 165 M 11.2% 16%   6% -20%
Barron's 400 ETF BFOR NYSEARCA US Market Broad Market Multi-Factor USD 40.61 149 M -7.1% 17%   6% -28%
Direxion NASDAQ-100 Equal Weighted Index Shares QQQE NYSEARCA US Market LargeCap EqWeights USD 51.32 231 M 10.7% 19%   7% -20%
First Trust Nasdaq-100 Equal Weighted Index Fund QQEW NASDAQ US Market LargeCap Size USD 68.88 799 M 10.2% 19%   7% -20%
First Trust Value Line 100 ETF FVL NYSEARCA Factors Multi Factor USD 22.65 42 M -2.3% 14%   5% -26%
Global X JPMorgan US Sector Rotator Index ETF SCTO NYSEARCA US Market LargeCap Sect-Rotation USD 22.85 2.3 M -12.7% 13%   3% -20%
Guggenheim Raymond James SB-1 Equity ETF RYJ NYSEARCA Factors Multi Factor USD 44.22 163 M -5.2% 19%   6% -31%
iShares MSCI USA Equal Weighted ETF EUSA NYSEARCA Factors EqualWeight USD 60.40 287 M 6.8% 15%   6% -22%
PowerShares DWA Tactical Sector Rotation Portfolio DWTR NASDAQ US Market Sector Rotation USD 32.16 69 M 6.5% 22%   8% -30%
PowerShares Russell 1000 Enhanced Equal Weight Portfolio USEQ BATS US Market LargeCap Factors USD 28.40 23 M 3.4% 14%   5% -22%
PowerShares Russell 1000 Low Beta Equal Weight Portfolio USLB NASDAQ US Market LargeCap EqWeights USD 33.28 123 M 5.5% 13%   4% -19%
PowerShares Russell 1000® Equal Weight EQAL NYSEARCA US Market LargeCap EqWeights USD 32.89 582 M 3.4% 15%   5% -22%
PowerShares Russell Midcap Equal Weight Portfolio EQWM NYSEARCA US Market Mid Cap USD 49.75 25 M 0.6% 15%   5% -22%
PowerShares Russell Top 200 Equal Weight Portfolio EQWL NYSEARCA US Market LargeCap Size USD 57.77 60 M 8.6% 14%   5% -19%
Powershares S&P Equal Weight RSP NYSEARCA US Market LargeCap EqWeights USD 109.45 16 B 7.0% 15%   6% -21%
PowerShares S&P SmallCap 600 Equal Weight ETF EWSC NYSEARCA US Market Small Cap USD 52.77 34 M -13.5% 18%   5% -28%
ProShares S&P 500 Dividend Aristocrats ETF NOBL NYSEARCA US Market High Dividend Yield USD 70.48 5.0 B 10.7% 13%   5% -16%
US Market Rotation Strategy ETF HUSE NYSEARCA US Market Sector Rotation USD 35.44 102 M -11.0% 12%   3% -21%