|Bid||28.86 x 800|
|Ask||32.09 x 1800|
|Day's Range||32.06 - 32.22|
|52 Week Range||26.26 - 33.73|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.05|
|Expense Ratio (net)||0.20%|
Equal weight, the index methodology that assigns approximately the same weights to all of the benchmark’s components, is one of the oldest iterations of smart beta and remains popular with advisors and ...
Equal weighting assigns equal representation to each index component and is one of the oldest and most time-tested alternative indexing methodology to deviate away from traditional market-capitalization weighting, providing investors with diversification and other risk-mitigating benefits. This contrarian trading pattern ('buy low, sell high') is a key component of the equal-weighting methodology," according to a FTSE Russell research note. Due to the way they are constructed, equal-weight index funds are typically more diversified than their cap-weighted counterparts.
ETFs were made from passive indexing, but as investors demand more from their investments, the indexing landscape is beginning to change. “We’re basically the Intel inside of your PC. You think of us as ...
Equal weight, the index methodology that assigns approximately the same weights to all of the benchmark's components, is one of the oldest iterations of smart beta and remains popular with advisors and investors today. The biggest and most popular ETFs on the market largely include those that track traditional market capitalization-weighting methodologies, or they weight component stocks based on the companies’ market capitalization, so bigger companies have a greater say in the direction of the overall ETF’s performance. In contrast, an equal-weighted indexing, like its naming suggests, would equally distribute the weight among all company holdings within the index, regardless of the market cap of each company.