Core Viewpoint - The AI/megacap growth trade remains viable, but Nvidia's recent earnings report may not generate sufficient excitement for the tech sector in the near term, leading investors to consider more balanced investment options like the ALPS Equal Sector Weight ETF (EQL) [1] Group 1: EQL Overview - EQL equally weights the 11 GICS sectors, resulting in tech stock exposure being less than one-third of that in a cap-weighted S&P 500 [2] - The low tech exposure, previously seen as a disadvantage, is now viewed as an advantage for EQL in the current market environment [2] Group 2: Benefits of EQL - EQL's equal sector weighting reduces concentration risk associated with mega-cap companies in the S&P 500, while still preserving the weights of higher market-cap leaders within each sector [4] - Historical data indicates that equal sector weighting has outperformed equal stock weighting over long holding periods [4] - EQL offers reduced volatility and smaller drawdowns compared to an equal-stock weighted portfolio, which tends to experience greater performance fluctuations due to sector bets [6] Group 3: Financial Metrics - EQL has approximately $526 million in assets under management and an annual expense ratio of 0.27%, equating to $27 on a $10,000 investment [6]