Breaking Down the Performance of Equal-Weight ETFs
May 13, 2021 at 10:40 AM EDT
Outperforming the cap-weighted version of the S&P 500 this year, one might say the Invesco S&P 500 Equal Weight ETF (RSP) has momentum. However, it’s not momentum in the factor sense. In fact, equal-weight strategies, including RSP, aren’t all that dependent on the momentum...