标普500等权重策略失效，科技股再现疲态，投资者该如何应对集中度风险？
A lot changed in stock market in just a few months. The single biggest risk did not
标普500等权重策略在2026年继续跑输市值加权指数，科技股权重高企令集中度风险再度上升。截至当前，等权重指数已连续近四年跑输，9月单月跌幅超过4%，为2022年以来最长连跌；科技股在标准指数中仍占近40%，而等权重指数中仅约16%。专家建议不要单独持有等权重ETF，而应将VOO、SPYM等市值加权ETF与RSP、EQL等权重产品搭配，并辅以中盘股、低科技低相关资产和短久期投资级债券。
The S&P 500 and other weights continue to underperform and the weight of technology stocks is close to 40%, indicating that the concentration risk of US stocks has increased again. This environment may intensify investors' attention to the allocation of low-tech and low-correlated assets. As a traditional low-correlated asset, gold's hedging allocation logic is worth tracking; at the same time, the weakness of technology stocks may disturb risk appetite, and the foreign exchange market needs to pay attention to the spillover effects brought about by the internal rebalancing of US dollar assets.
来源：CNBC Top News · cnbc.com