RT Journal Article SR Electronic T1 Learn More About the Equal Sector Strategy
of Select Sector SPDRs JF The Journal of Wealth Management FD Institutional Investor Journals SP 41 OP 48 DO 10.3905/jwm.2013.15.4.041 VO 15 IS 4 A1 Alexander Conconi A1 Monica Demidow A1 Peter Klein A1 Jijun Niu YR 2013 UL https://pm-research.com/content/15/4/41.abstract AB 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 2000–2007 period. State Street Global Advisors find similar results during the 2001–2010 period. The authors reconsider these fi ndings for the longer 1989–2011 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