what does s&p capital index mean underweight
S&P Capital IQ employs a quantitative methodology in analyzing equity ETF holdings, drawing on the company's broad-based equity research capabilities that includes global fundamental STARS coverage of over 1,500 stocks.It then assigns an overall recommendation to each ETF: Overweight, Marketweight, or Underweight.S&P Capital IQ's Overweight ranked ETFs are up an annualized 20.7 percent since launching in mid-October 2008 through September 30, 2013, while the S&P 500 â¢ Index is up 13.6 percent.ETFs ranked Underweight are up just 4.2 percent.&P Capital IQ's Overweight ranked ETFs are up an annualized 20.7 percent since launching in mid-October 2008 through September 30, 2013, while the S&P 500 â¢ Index is up 13.6 percent. ETFs ranked Underweight are up just 4.2 percent.