@article {Conconi41, author = {Alexander Conconi and Monica Demidow and Peter Klein and Jijun Niu}, title = {Learn More About the Equal Sector Strategyof Select Sector SPDRs}, volume = {15}, number = {4}, pages = {41--48}, year = {2013}, doi = {10.3905/jwm.2013.15.4.041}, publisher = {Institutional Investor Journals Umbrella}, abstract = {Sturm [2010] find that an equally weighted portfolio of sector ETFs outperformed the S\&P 500 on both an absolute and risk-adjusted basis over the 2000{\textendash}2007 period. State Street Global Advisors find similar results during the 2001{\textendash}2010 period. The authors reconsider these fi ndings for the longer 1989{\textendash}2011 period. They fi nd that an equally weighted portfolio of sector ETFs did not outperform the S\&P 500 over this longer period. They also find that an equally weighted portfolio of sector ETFs tends to be less volatile than the S\&P 500 and may outperform it on a risk-adjusted basis during periods of heightened market volatility.TOPICS: Exchange-traded funds and applications, performance measurement}, issn = {1534-7524}, URL = {https://jwm.pm-research.com/content/15/4/41}, eprint = {https://jwm.pm-research.com/content/15/4/41.full.pdf}, journal = {The Journal of Wealth Management} }