(EWSP) SP500 Equal Weight USD - Overview

The iShares S&P 500 Equal Weight UCITS ETF (Acc) (ticker EWSP) is a Netherlands-domiciled exchange-traded fund that tracks the Morningstar US Large-Mid NR USD index, delivering an equal-weight exposure to the 500 largest U.S. equities. Its expense ratio sits at 0.20 % and the fund distributes earnings on an accumulating basis, resulting in a trailing-12-month net yield of roughly 1.6 % (as of Dec 2025). Total assets under management are about €12 bn, with an average turnover of 15 % per year, reflecting the periodic rebalancing required to maintain equal weighting.

Because each constituent receives roughly the same capital allocation, the ETF tilts away from the market-cap bias that favours mega-cap technology stocks, giving relatively higher exposure to sectors such as industrials, consumer staples and utilities. In the current macro environment, the fund’s performance is driven by three measurable factors: (1) U.S. consumer-spending trends, which underpin earnings for the broad-based retail and services components; (2) the Federal Reserve’s monetary stance-particularly the pace of rate cuts, which tends to benefit cyclical sectors; and (3) the earnings growth outlook for mid-cap innovators in health-care and clean-energy, which are more heavily weighted in an equal-weight construct than in a cap-weighted S&P 500.

If you want a data-rich, side-by-side comparison of EWSP’s risk-adjusted returns versus traditional cap-weighted S&P 500 ETFs, a quick look at ValueRay’s analytics dashboard can help you spot any hidden alpha opportunities.