Xtrackers S&P 500 Diversified Sector Weight ETF (SPXD)

The Xtrackers S&P 500 Diversified Sector Weight ETF is an exchange-traded fund from DWS's Xtrackers brand that offers exposure to the companies in the S&P 500 with constraints on sector concentration. It tracks an index that adjusts the weights of the standard S&P 500 so that no single sector dominates the portfolio.

Because the regular S&P 500 is weighted by market capitalization, a few large sectors can make up a big share of the index. This fund's benchmark caps or rebalances sector weights to produce a more balanced mix while still holding the same universe of U.S. large-cap stocks. It is a passively managed fund listed on the Nasdaq.