There are six of eleven sectors that have similarly seen their market cap weighted versions outperform the equal weight, with the largest gap being the Tech sector. The best performer for both ...

The Invesco S&P 500 Equal Weight is up 11.71% year-to-date, and in 2023 it was up 11.56%. Similarly, the cap weighted S&P 500 (SPX) is up 25.32% year-to-date, and in 2023 it was up 24.23%.

Market cap-weighting favors outperforming and larger stocks, while equal-weight index funds give medium and smaller companies greater exposure. Peev says, "Performance results aside, we don't ...