Here’s a Couple of Reasons to Equal Weight the S&P 500

Year-to-date, the S&P 500 is up nearly 10%. Through May 30, 2022, it was down almost 13%. The index’s 23 percentage point relative turnaround from last year’s first half is good. 

However, when you compare the index’s performance in 2023 with its equal-weighted cousin, the  S&P 500 Equal Weight Index, you realize that the gains made by the S&P 500 this year are highly illusory.