The equal-weighted S&P 500 just smoked the Nasdaq-100 in July — outperforming amid the violent chip-stock unwind
- Investing Investment Opportunities Markets
Ramit Sethi- 0
- 6 minutes read
A nasty reversal of the momentum trade in the U.S. stock market in July has led to tumult under the surface of major indexes like the S&P 500 — yet the equal-weighted version of the popular benchmark ended the month with a solid gain.
The Invesco S&P 500 Equal Weight ETF
RSP, which equally weights stocks in the index, booked record monthly outperformance versus a popular exchange-traded fund that tracks the technology-heavy Nasdaq-100 index NDX, according to Dow Jones Market Data, citing data going back to 2003. After the Nasdaq-100-tracking Invesco QQQ Trust Series I’s QQQ large loss in July, the gain this month for the Invesco S&P 500 Equal Weight ETF saw it outperform that fund by a wide 7.6 percentage points.
Invest Market Updates
stocks,Trusts/Funds/Financial Vehicles,Exchange Traded Funds,Financial Services,Investing/Securities,Financial Performance,Analyst Comment/Recommendation,Share Price Movement/Disruptions,Information Technology,Corporate/Industrial News,Artificial Intelligence/Machine Learning,Equity Markets,Fund Markets,Commodity/Financial Market News,Content Types,Factiva Filters,C&E Exclusion Filter,C&E Industry News Filter,IWE Filter,Routine Market/Financial News,Roundhill Memory ETF,DRAM,Invesco QQQ Trust Series I,QQQ,Invesco S&P 500 Equal Weight ETF,RSP,Vanguard S&P 500 ETF,VOO,NASDAQ Composite Index,COMP,Dow Jones Industrial Average,DJIA,NASDAQ 100 Index (NASDAQ Calculation),NDX,PHLX Semiconductor Index,SOX,S&P 500 Index,SPX,S&P 500 Equal Weight Index,XX:SP500EW,LINK:EN|drn:realtime.linkedarticle.SNCO20260801000920,financial performance,analyst comment,recommendation,share price movement,disruptions,information technology,corporate,industrial news,artificial intelligence,machine learning,equity markets,fund markets,commodity,financial market news,content types,factiva filters,c&e exclusion filter,c&e industry news filter,iwe filter,routine market,financial news,trusts,funds,financial vehicles,exchange traded funds,financial services,investing,securities
