EDOW vs EUSA: Grades, Fees and Holdings Compared

First Trust Dow 30 Equal Weight ETF

EDOWCNYSE Arca

iShares MSCI USA Equal Weighted ETF

EUSAANYSE Arca

Overlap

5.9%by weight

Expense ratio

EUSA −0.41pt a year

EDOW0.50%EUSA0.09%

Avg volume · 30D

EUSA 5.6×the volume

EDOW14.2KEUSA78.8K

5Y return · a year

EDOW +2.8pt

EDOW+9.9%EUSA+7.1%

EDOW vs EUSA Performance

Oct 29, 2021 – Oct 30, 2026

+60.3%EDOW+41.1%EUSA

Expense ratio: EDOW 0.50%; EUSA 0.09%, better
Fund size: EDOW $325M; EUSA $1.89B
1Y total return: EDOW +14.3%, better; EUSA +14.1%
Yield (12M): EDOW 1.22%; EUSA 1.40%, better
Holdings: EDOW 31; EUSA 518
Avg volume (30D): EDOW 14.2K sh; EUSA 78.8K sh, better
NAV per share: EDOW $46.13; EUSA $115.27
52W range

ETF.net Grade

Pillar letters and Scores for EDOW, EUSA, with each pillar’s weight
Pillar	EDOW	EUSA
Cost30% weight	F8	A88Higher
Mission25% weight	A85	A100Higher
Risk15% weight	B57Higher	C42
Tradability15% weight	C44	A73Higher
Holdings10% weight	D31	A81Higher
Durability5% weight	C45	A78Higher

Rank among US Equal Weight funds

How we build Categories ›

Same Category. EDOW and EUSA are both graded against the same 9 US Equal Weight funds, so their Grades compare head to head.

US Equal Weight⁠

Category · 9 funds

See all 9 ›

EUSA ranks 1st and EDOW 8th of 9 funds in the US Equal Weight Category.

Rank 1AEUSAiShares MSCI USA Equal Weighted ETFScore 80
Rank 2AGSEWGoldman Sachs Equal Weight U.S. Large Cap Equity ETFScore 78
Rank 7CQEWInvesco QQQ Equal Weight ETFScore 45
Rank 8CEDOWFirst Trust Dow 30 Equal Weight ETFScore 44
Rank 9DUSEWCambria US EW ETFScore 25

Our read on each fund

ETF.net Research

EDOWCFirst Trust Dow 30 Equal Weight ETF

EUSAAiShares MSCI USA Equal Weighted ETF

In short

EDOW The Dow, with the price tags ignored. EDOW holds the index's roughly 30 blue chips at equal weight, so no single high-priced share dominates the portfolio. The trade-off is a fee well above most equal-weight rivals.

EUSA Equal weight, iShares style: each of roughly 500 large and mid cap US stocks gets the same slice, so the megacaps stop running the show. Around since 2010 and priced at 0.09%, less than half what the typical equal-weight fund charges.

Stated mandate

EDOW The fund seeks to track generally the price and yield, before fees and expenses, of the Dow Jones Industrial Average® Equal Weight Index.

EUSA The fund seeks to track an index composed of equally weighted U.S. stocks.

Why people hold it

EDOW A rare mandate: it equal-weights the Dow's roughly 30 blue chips, so each name gets the same slice instead of share price deciding influence.
Straight indexing, no manager discretion: the stated job is tracking the Dow Jones Industrial Average Equal Weight Index, and it has run that job since 2017.ftportfolios.com
A portfolio you can read in one screen: about 30 US large caps, with distributions paid quarterly.

EUSA 0.09% a year against a 0.20% median for equal-weight US funds, and nothing in the peer group undercuts it (GSEW matches).
Every holding gets the same slice, about 500 of them, so no handful of giants sets the tone the way it does in a cap-weighted US index.ishares.com
Live since 2010, a multi-billion-dollar fund, and it has hugged the MSCI USA Equal Weighted Index closely, one of the tightest jobs in its peer group.

Worth knowing

EDOW At 0.50% a year, the fee runs more than double the 0.20% median for equal-weight peers, and rivals like GSEW and EUSA charge 0.09%.
Thinly traded next to the larger equal-weight funds, so bid-ask spreads can be wider, particularly in fast markets.
About 30 holdings means every name carries real weight, and the sector mix is simply whoever sits in the Dow at the time.

EUSA Equal weighting tilts the portfolio toward mid caps, so its path can diverge widely from a standard cap-weighted US index in either direction.
Moderately traded rather than a category volume leader, so spreads and execution deserve attention on larger orders.
Income arrives quarterly, not monthly.

Full EDOW profile⁠

Full EUSA profile⁠

EDOW vs EUSA Holdings

How EDOW and EUSA differ

Overlap by weight

5.9%

Shared holdings make up 99.8% of EDOW and 5.9% of EUSA.

Level by level

Holdings30 in both5.9%
Sector11 Sectors85.4%
Countryby domicile97.8%
Asset classEquity100%

Sector

Sector weights in EDOW and EUSA, widest gap first
Sector	More in EDOWMore in EUSA	EDOW	EUSA
Utilities	EUSA +5.8 points	0.0%	5.8%
Real Estate	EUSA +4.8 points	0.0%	4.8%
Consumer Staples	EDOW +4.5 points	10.2%	5.7%
Communication	EDOW +3.6 points	7.0%	3.4%
Consumer Discretionary	EDOW +2.8 points	12.8%	10.0%
Industrials	EUSA +2.0 points	13.4%	15.4%
Health Care	EDOW +1.7 points	13.6%	11.9%
Technology	EDOW +1.4 points	20.3%	18.9%
Energy	EUSA +1.4 points	3.3%	4.7%
Financials	EDOW +0.6 points	16.0%	15.4%
Materials	EUSA +0.7 points	3.4%	4.1%

Country, concentration and asset class

Country by domicile

Country weights in EDOW and EUSA, widest gap first
Country	More in EDOWMore in EUSA	EDOW	EUSA
United States	EDOW +2.2 points	100.0%	97.8%
Switzerland	EUSA +0.6 points	0.0%	0.6%
United Kingdom	EUSA +0.6 points	0.0%	0.6%
Other countries (6)	EUSA +1.1 points	0.0%	1.1%

Concentration

Weight in the 10 largest Holdings

EDOW36.3%
EUSA2.6%

Securities held

EDOW30
EUSA515

Asset class

EDOW: Equity
EUSA: Equity

Holdings

Only in EDOW0
In both30
Only in EUSA485

Only in EDOW

0 securities, 0.0% of EDOW by weight

Only in EUSA

485 securities, 93.9% of EUSA by weight

Okta Class A0.30%
Accenture PLC Class A0.28%
Zscaler0.26%
Ptc0.26%
Natera0.26%
Strategy Inc Class A0.25%
Veeva Systems Class A0.25%
Crowdstrike Holdings Class A0.25%
Marathon Petroleum0.25%
Ulta Beauty Inc0.24%
Cboe Global Markets0.24%
Cheniere Energy0.24%
Tradeweb Markets Inc Class A0.24%
Ebay0.24%
Crown Castle Inc0.24%
Altria Group Inc0.24%
Kroger0.24%
Conocophillips0.24%
Mettler Toledo0.24%
West Pharmaceutical Services0.24%
Phillips 660.24%
Synopsys0.23%
Mckesson Corp0.23%
Deere0.23%
Hca Healthcare0.23%
Gilead Sciences0.23%
Keurig Dr Pepper Inc0.23%
Illumina Inc0.23%
Valero Energy Corp0.23%
Sharkninja0.23%
Biogen0.23%
Nxp Semiconductors NV0.23%
Roper Technologies0.23%
Tesla Inc0.23%
Exxonmobil Holdings Corp0.23%
Thermo Fisher Scientific0.23%
Everpure Inc Class A0.23%
United Therapeutics0.23%
Cme Group Class A0.23%
Everest Group0.23%
Agilent Technologies Inc0.23%
Texas Instrument0.23%
Meta Platforms Class A0.23%
Verisign0.23%
Analog Devices0.23%
Cdw0.22%
International Flavors & Fragrances0.22%
Estee Lauder Inc Class A0.22%
Waters Corp0.22%
Mastercard Class A0.22%

Weight gaps

All 30 Holdings in both funds, largest gap first.

Holding weights in EDOW and EUSA, widest gap first
Holding	More in EDOWMore in EUSA	EDOW	EUSA
Amgen Inc.AMGN	EDOW +3.68 points	3.89%	0.21%
Walmart Inc.WMT	EDOW +3.60 points	3.82%	0.22%
The Procter & Gamble CompanyPG	EDOW +3.47 points	3.70%	0.23%
Visa Inc. (Class A)V	EDOW +3.45 points	3.68%	0.23%
Chevron CorporationCVX	EDOW +3.37 points	3.60%	0.23%
Apple Inc.AAPL	EDOW +3.35 points	3.57%	0.22%
The Travelers Companies, Inc.TRV	EDOW +3.31 points	3.53%	0.22%
The Coca-Cola CompanyKO	EDOW +3.30 points	3.51%	0.21%
International Business Machines CorporationIBM	EDOW +3.29 points	3.51%	0.22%
Honeywell International Inc.HON	EDOW +3.28 points	3.48%	0.20%
The Home Depot, Inc.HD	EDOW +3.28 points	3.47%	0.19%
The Walt Disney CompanyDIS	EDOW +3.27 points	3.48%	0.21%
3M CompanyMMM	EDOW +3.28 points	3.47%	0.19%
Microsoft CorporationMSFT	EDOW +3.25 points	3.47%	0.22%
The Sherwin-Williams CompanySHW	EDOW +3.20 points	3.39%	0.19%
NIKE, Inc. (Class B)NKE	EDOW +3.20 points	3.39%	0.19%
UnitedHealth Group IncorporatedUNH	EDOW +3.18 points	3.39%	0.21%
Johnson & JohnsonJNJ	EDOW +3.15 points	3.35%	0.20%
McDonald's CorporationMCD	EDOW +3.14 points	3.33%	0.19%
Merck & Co., Inc.MRK	EDOW +3.11 points	3.31%	0.20%
American Express CompanyAXP	EDOW +3.05 points	3.24%	0.19%
Cisco Systems, Inc.CSCO	EDOW +2.93 points	3.12%	0.19%
Amazon.com, Inc.AMZN	EDOW +2.93 points	3.11%	0.18%
JPMorgan Chase & Co.JPM	EDOW +2.92 points	3.11%	0.19%
Salesforce, Inc.CRM	EDOW +2.85 points	3.07%	0.22%
NVIDIA CorporationNVDA	EDOW +2.80 points	2.99%	0.19%
Alphabet Inc. (Class A)GOOGL	EDOW +2.68 points	2.77%	0.09%
The Goldman Sachs Group, Inc.GS	EDOW +2.66 points	2.84%	0.18%
The Boeing CompanyBA	EDOW +2.57 points	2.72%	0.15%
Caterpillar Inc.CAT	EDOW +2.35 points	2.50%	0.15%

All 30 EDOW holdings⁠All 515 EUSA holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EDOW vs EUSA Cost

Overpaying EDOW vs EUSA

$8,081

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

EDOW 0.50%
$9,979
EUSA 0.09%
$1,898

Amount$10,000

Years30 years

Cost over time

EDOW 0.50%
EUSA 0.09%
Overpaying

Year by year

Year	EDOW	EUSA	Overpaying
10	$900	$165	$735
20	$3,460	$646	$2,814
30	$9,979	$1,898	$8,081

Expense ratio

0.50%EDOW
0.09%EUSA, cheaper

EUSA0.09%EDOW0.50%

0.09%0.50%

Middle half of US Equal Weight funds
Median 0.20%

EUSA cheapest of 9 funds

EDOW 9th cheapest of 9 funds

EDOW vs EUSA Dividends

Last 12 months to Oct 30, 2026

Yield (12M): EDOW 1.22%; EUSA 1.40%, better
Payout (12M): EDOW $0.56; EUSA $1.61
Last payment: EDOW $0.13; EUSA $0.39
Ex-dividend: EDOW Sep 24, 2026; EUSA Sep 15, 2026
Paid on: EDOW Sep 30, 2026; EUSA Sep 18, 2026
Frequency: EDOW Quarterly; EUSA Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

EDOWQuarterly · 37 paymentsAll EDOW payments⁠

EUSAQuarterly · 40 paymentsAll EUSA payments⁠

EDOW vs EUSA Risk

Fall from peak · 5 years

EDOW
EUSA

Risk facts

VolatilityStd dev, 3 years: EDOW 11.5%, betterEUSA 13.0%
Return per unit of riskSharpe ratio, 3 years: EDOW 1.18, betterEUSA 1.06
Worst fallMax drawdown, 5 years: EDOW −22.0%, betterEUSA −25.2%
Market sensitivityBeta, 5 years: EDOW 0.85EUSA 0.98; Market = 1

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