EQL
ALPS Equal Sector Weight ETF
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I have been using EQL. Cost is a bit higher and it doesn't eliminate this, but it at least makes sure you are diversified, unlike a SPY, VOO, or even VTI.
RSP, but also look at EQL, which is the 11 sector ETFs weighted equally. It's a little different idea.
Strongly recommend you check out the BlackRock Owlbear EQL WORLD USD Acc ETF
Usually various ETFs and indexes are rebalanced quarterly or semi-annualy. Maybe there are which rebalanced daily but I do not know such. Alternatively in your case you may just DCA in the ETF with the least share in your portfolio so then you may not need to sell at all. Overall, even ETFs with a huge NAV usually have some tracking error and do not follow some index/methodology exactly. You may see the holdings of 'small' (meaning number of securities held) equal weight ETFs such as EQL and MAGS and see the deviation (usually it is quite significant).
Goal: I'm 27 years old, from Canada and looking at a long term investing strategy to retire in roughly 25-30 years. I've recently left Edward Jones and moved over to WealthSimple in order to minimize fees and do this on my own. Looking for some suggestions on how to disperse my money throughout my accounts effectively and what I already have. Possibly looking to buy a home later in the year but not 100% set on that. Thinking of playing it safe with my non-registered and FHSA accounts and putting them in CASH.TO. Was thinking of just putting most of my cash in my TFSA into ZSP and let it ride out for the long run but any suggestions on my TFSA cash would be much appreciated and considered. I have more cash than normal in my account due to transferring everything over recently and some of the funds not being available on WS. Breakdown of my portfolio: $225k Total Non Registered: $46k Total - 100% Cash (Not CASH.TO) TFSA: $89k Total - 63% Cash (Not CASH.TO), 12.5% ZSP, 12.5% VGG, 12% ZCN RRSP: $27k Total - 54% ZSP, 26% ZCN, 20% EQL FHSA: $25k Total - 100% Cash (Not CASH.TO) LIRA: $37k Total - 100% ZSP
The only index ETF I would own are the s&p500 equal weighted ones EQL.TO or RSP. Also I would own XIC.TO since Canada's population has grown quicker than usual but has not yet been reflected in the top firms of my country. This is most likely due to inflation which is going to result in Trudeau losing the next election. I don't believe wages will increase but rather that the cost of living (rent) will decrease and the extra cash will be spent on goods and services.
EQL is an ETF that equally weights the S&P 500 by sectors. going back to at least 2013, it seems to underperform in bull markets but holds up better in bear markets. https://www.morningstar.com/etfs/ARCX/EQL/quote which makes sense, as bull markets are often concentrated in one sector, and ditto for crashes.
>Returns over one single period (eg 2000-2020) are not enough to judge correctly. I agree. I can do this myself with Portfolio Visualizer to a small extent; but the funds (EQL and RSP) only go back so far. However, as I mentioned upthread, I don't think it would be the worst thing in the world for me to get a financial advisor now, even if investing his way doesn't beat the S&P 500. I'm about a dozen years out from retirement, with half a million in my retirement portfolio. I only get one shot at this, and I don't want to f it up. Mind you, I'm paying $4500 for this peace of mind. That is steep.
>Thus, VOO > RSP over the past 5 years, while RSP > VOO for the past 6 months. Yes, but . . . RSP - or more to the point, EQL, which more closely resembles what this guy is talking about - beats VOO (actually VFINX) over 15 and 20 years. I don't care what happens short-term over 6 months or 5 years. This is a long-term strategy. I'm a dozen years away from full retirement, so this would be the strategy for 20, 30, 40 years.
Well it has underperformed since 2009. Past performance isn't indicative of future performance of course. https://stockcharts.com/freecharts/perf.php?EQL,%20spy
Just checked EQL is sector weighted
Just download EQL free from the play store (not sure if it's on iOS app store) does the same thing
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what do you mean by "adjusted for sector preference"? if you want an adjusted ETF reflecting equal weighted sector preference, instead of market cap weighted, then that's what EQL is.
I'm confused at what the beta of EQL has to do with weighting sectors when you hold 50% index?
The beta for EQL, which is an ETF adjusted for sector weight is .98, so yes really.
What would you do to achieve better diversification on this portfolio in general, and in terms of uses for the 7.6% cash position at the moment. The ETFs are about 50% of the account and are all just variations of S&P 500. Looking at VTI (total US market), or VXUS (total international), or VGK (European index), but the latter two have very much underperformed S&P and total US market the last many years. I would have to bet on a reversal going forward (foreign outperforms US) to bother with international, I think. There is already a lot of crossover in my individual stock holdings and the various S&Ps. %T Symbol Type Name 40.22% IVV - Large Blend Equity ETF ISHARES S&P 500 3.46% VOO - Large Blend Equity ETF VANGUARD 500 INDEX FUND 0.44% IHI - Large Growth Equity ETF ISHARES DOW JONES US MEDICAL DEV(ETF) 0.45% VUG - Large Growth Equity ETF VANGUARD GROWTH INDEX FUND 1.02% IVW - Large Growth Equity ETF ISHARES TRUST S & P500/BAR 0.80% RYT - Large Growth Equity ETF INVESCO S&P 500 EQL WGHT TECHNOLOGY 0.79% IYG - Large Value Equity ETF ISHARES TRUST DOW JONES US FINANCIAL 2.58% IJR - Small Blend Equity ETF ISHARES CORE S&P SMALLCAP ETF 42.57% Stock - (amzn, brkb, aapl, googl, plug, sq, dis, msft, etc.) 7.69% Cash
I too would invest in index fund ETFs: - uniformly weighted ETF of the S&P 500 (e.g. EQL.F) - ETF of S&P Medium-Cap businesses - ETF of S&P Small-Cap businesses - an ETF by Vanguard of emerging markets - an ETF by Vanguard of Europe In fact, once I sell all my high-risk stocks, I will re-adjust my portfolio along these lines