iShares MSCI USA Equal Weighted ETF

EUSA

Market cap $1.57B

I am initiating iShares MSCI USA Equal Weighted ETF (EUSA) with a Hold, citing its uncommon equal-weighted approach and extremely low fee structure. EUSA offers lower Technology exposure and higher Industrials weighting versus the S&P 500, with a trailing PE of 24x and a P/B of 3.3x. Despite lagging RSP historically, EUSA's 2026 weighted return projection of 3.1% outpaces my S&P 500 estimate, benefiting from potential outperformance of smaller constituents.

A smart beta exchange traded fund, the iShares MSCI USA Equal Weighted ETF (EUSA) debuted on 05/05/2010, and offers broad exposure to the Style Box - All Cap Blend category of the market.

Launched on 05/05/2010, the iShares MSCI USA Equal Weighted ETF (EUSA) is a smart beta exchange traded fund offering broad exposure to the Style Box - All Cap Blend category of the market.

iShares MSCI USA Equal Weighted ETF is a passively managed vehicle tracking the MSCI USA Equal Weighted Index since September 2015. EUSA could be a solution to IVV's valuation and top-heaviness issues. And it does deliver here, with an about 11.45x lower weighted average market cap and a much lower P/E. However, surprising issues arise: EUSA has not only underperformed IVV since the index change in 2015 but also delivered higher volatility and deeper maximum drawdowns.

The iShares MSCI USA Equal Weighted ETF (EUSA) made its debut on 05/05/2010, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - All Cap Blend category of the market.

The iShares MSCI USA Equal Weighted ETF (EUSA) made its debut on 05/05/2010, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - All Cap Blend category of the market.

The iShares MSCI USA Equal Weighted ETF (EUSA) made its debut on 05/05/2010, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - All Cap Blend category of the market.

iShares MSCI USA Equal Weighted ETF offers diversified exposure to mid- and large-cap U.S. stocks. The fund has fallen in 2025, but outperformed popular market-cap weighted funds. EUSA's equal-weighting reduces single-stock and sector-specific risks, making it appealing amid market sell-offs driven by risk aversion. The fund's portfolio offers a strong forward ROE of 17.58% and a potential five-year IRR of 12.09%, suggesting undervaluation.

Designed to provide broad exposure to the Style Box - All Cap Blend category of the market, the iShares MSCI USA Equal Weighted ETF (EUSA) is a smart beta exchange traded fund launched on 05/05/2010.

Designed to provide broad exposure to the Style Box - All Cap Blend category of the market, the iShares MSCI USA Equal Weighted ETF (EUSA) is a smart beta exchange traded fund launched on 05/05/2010.