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 LargeCap EqWeights USD 97.21 152 M 49.1% Weak Up 19%   6% -10%
Barclays ETN+ Shiller CapeTM ETN CAPE NYSEARCA US Market LargeCap Sect-Rotation USD 201.06 182 M 61.2% Strong Up 20%   7% -8%
Barron's 400 ETF BFOR NYSEARCA US Market Broad Market Multi-Factors USD 58.28 122 M 78.8% Weak Up 22%   8% -10%
Direxion NASDAQ-100 Equal Weighted Index Shares QQQE NYSEARCA US Market LargeCap EqWeights USD 80.82 232 M 58.3% Neutral 22%   6% -10%
First Trust Nasdaq-100 Equal Weighted Index Fund QQEW NASDAQ US Market LargeCap Size USD 108.53 843 M 58.3% Neutral 22%   6% -10%
Invesco Raymond James SB-1 Equity ETF RYJ NYSEARCA Factors Multi Factor USD 59.67 135 M 98.8% Neutral 27%   9% -13%
Invesco Russell 1000 Enhanced Equal Weight ETF USEQ BATS US Market LargeCap/ MidCap USD 35.10 11 M 58.7% Weak Up 22%   7% -11%
Invesco Russell 1000 Equal Weight ETF EQAL NYSEARCA US Market LargeCap/ MidCap USD 44.30 524 M 73.7% Neutral 23%   8% -13%
Invesco Russell 1000 Low Beta Equal Weight ETF USLB NASDAQ US Market LargeMidCap LowVolatility USD 38.54 54 M 39.5% Weak Up 18%   4% -9%
Invesco S&P 100® Equal Weight ETF EQWL NYSEARCA US Market LargeCap EqWeights USD 77.75 56 M 54.3% Weak Up 20%   7% -10%
Invesco S&P 500® Equal Weight ETF RSP NYSEARCA US Market LargeCap EqWeights USD 146.50 15 B 65.7% Weak Up 23%   8% -13%
Invesco S&P SmallCap 600® Equal Weight ETF EWSC NYSEARCA US Market SmallCap USD 81.86 27 M 125.1% Neutral 36%   11% -20%
iShares MSCI USA Equal Weighted ETF EUSA NYSEARCA Factors EqualWeight USD 81.42 326 M 65.5% Weak Up 21%   7% -10%
ProShares S&P 500 Dividend Aristocrats ETF NOBL NYSEARCA US Market Dividend Yield USD 88.25 6.1 B 44.6% Weak Up 20%   7% -10%