Turning 10 this week, the Guggenheim S&P 500 Equal Weight ETF (RSP) has outperformed the SPY...

|About: Guggenheim S&P 500 Equal... (RSP)|By:, SA News Editor
Turning 10 this week, the Guggenheim S&P 500 Equal Weight ETF (RSP) has outperformed the SPY by 5,900 basis points since its launch. The RSP was one of the pioneers of equal-weighting - created in the aftermath of the 2000 bust to give investors exposure to stocks without so high a focus on large caps (the so-called "Cisco effect"). It's time for a renaming to the "Apple effect" as QQQE - the Nasdaq 100 Equal Weighted ETF - has outperformed the QQQ by 850 bps YTD.