If you are in need of defensive options in the lackluster trading environment and are tired of bond products, you may want to take a look at equal-weighted ETFs to cut down on volatility in your portfolio and still have a chance to gain if the market turns around, according to a post on Zacks.
The following were listed for their solid returns and diversified equal-weight exposure:
- Guggenheim S&P 500 Equal Weight ETF (NYSEArca: RSP)
- ALPS Equal Sector Weight ETF (NYSEArca: EQL)
RSP and EQL have gained 11.4 and 10.4 percent, respectively, so far this year, and managed to beat low-vol giants Russell 1000 Low Volatility ETF (NYSEArca: LVOL) and PowerShares S&P 500 Low Volatility Portfolio (NYSEArca: SPLV), which are up 7.2 and 7.8 percent year-to-date in comparison, according to Zacks.
To read more on RSP and EQL, go to Zacks.com.