Five ETFs to Watch in 2024

The Invesco S&P 500 Equal Weight Technology ETF (ticker: ) is like methadone for the “Magnificent Seven,” according to Bloomberg Intelligence ETF analyst Athanasios Psarofagis. Those tech companies— , , , , , and —had such a strong 2023 that some mean reversion looks inevitable. With equal weightings across 66 tech companies, RSPT provides a more diversified portfolio—but with about a third fewer companies than Direxion’s Nasdaq-100 Equal Weighted Index Shares (QQQE).