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Market Cap Divergence
Please click here for an enlarged chart ofInvesco S&P 500 Eql Wght ETF(NYSE:RSP) compared toSPDR S&P 500 ETF Trust(NYSE:SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- The chart shows that for the period shown on the chart, equal weighted S&P 500 has lost 1.94%, while cap weighted S&P 500 has gained 6.96%. This indicates that S&P 500 is being driven by mega caps.
- Investors need to be mindful that the top ten stocks in S...
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