VOO - 1 Unique S&P 500 ETF That Could Be a Great Buy Now
2024-05-01 05:38:00 ET
The S&P 500 is widely considered the best measure of how large U.S. stocks are doing, but it is also a rather top-heavy index. Since the S&P 500 is weighted in favor of larger companies, and several megacap stocks have surged in recent years, the index is highly dependent on just a few massive stocks. This is great when these companies are performing well -- but not so much when they perform poorly.
An equal-weight S&P 500 index fund like the Invesco Equal Weight S&P 500 ETF (NYSEMKT: RSP) could be a great alternative. Here's what it is, and why you might want to take a closer look at it now.
S&P 500 index funds like the Vanguard S&P 500 ETF (NYSEMKT: VOO) are designed to match the benchmark's index performance and invest in the stocks of the 500 companies that it is composed of.
For further details see:
1 Unique S&P 500 ETF That Could Be a Great Buy Now