---
title: "The equal-weight fund led on Thursday. It does not repair September"
url: "https://etf.net/news/the-equal-weight-fund-led-on-thursday-it-does-not-repair-september-2026-10-01"
published_at: "2026-10-01T21:09:23.527Z"
updated_at: "2026-10-01T21:09:23.527Z"
byline: "ETF.net Research"
---

# The equal-weight fund led on Thursday. It does not repair September

2,843 US stocks rose and 2,769 fell on Thursday, October 1, 2026, and the equal-weight fund beat the S&P 500 fund by 0.29 percentage points.

By ETF.net Research. Published Oct 1, 2026.

The fund that holds each S&P 500 stock at the same size beat the fund that holds them by company size on Thursday. RSP rose 0.47% to $209. SPY, the fund that holds the S&P 500, rose 0.18% to $763.99, a lead of **0.29** percentage points.

Of 5,851 US common stocks, 2,843 rose and 2,769 fell.

Chart: Advances barely outnumbered declines

Counted from closing prices, the holdings in SPY outside the eight that moved it the most added **0.22** percentage points. Those other holdings lifted the fund, and the eight, as a group, did not.

September went the other way. Not counting dividends, RSP fell 5.2% and SPY fell 0.6%, a gap of **4.6** percentage points. Bespoke Investment Group said Thursday that March 2020 and March 2023 were the only wider months since both funds started trading in 2003.

StoneX said Thursday that **25%** of S&P 500 stocks were above the average of their closes over the past 50 sessions, down from 70% in mid-August. That is the lowest share since April 2.

The past year's high still shows the split. RSP is 6.5% below its high, more than three times as far as SPY, which is 2% below its own high.

Ben Snider, a strategist at Goldman Sachs, wrote on Monday, September 28, that there was room for a catch-up from recent laggards if uncertainty declined. Thursday does not show that it has started.

One up day for the average S&P 500 stock does not repair September's gap of 4.6 percentage points, or the fall to 25% of those stocks above their 50-session average.

Source: etf.net, https://etf.net/news/the-equal-weight-fund-led-on-thursday-it-does-not-repair-september-2026-10-01. Please cite the page URL.