# Three ETFs That Refuse to Rank Stocks by Size

> Three ETFs pick winners without market cap: equal weight, cash flow, and moats.
- Title: Three ETFs That Refuse to Rank Stocks by Size · 24/7 Wall St.
- Summary: Three ETFs pick winners without market cap: equal weight, cash flow, and moats. Three ETFs use different methods to select stocks: equal weighting, cash flow…
- Keywords: etf, sp500, invesco, pacer, vaneck, market cap, free cash flow, economic moat, Three, ETFs, Refuse, Rank
- Source: 24/7 Wall St. — https://247wallst.com/investing/etf/2026/10/16/three-etfs-that-refuse-to-rank-stocks-by-size-each-picks-winners-a-different-way
- Author: Ryne Mauck
- Published: 2026-10-17T00:03:33+00:00
- Read time: 1 min
- Topics: etf, sp500, invesco, pacer, vaneck, market cap, free cash flow, economic moat
## Equal Weight Hands Every S&P 500 Company the Same Slice
The Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) gives each company in the index an equal slice regardless of size.
## COWZ Lets a Cash Flow Formula Choose Its Stocks
The Pacer US Cash Cows 100 ETF (CBOE:COWZ) screens the Russell 1000 for top 100 companies by free cash flow yield.
## MOAT Screens for Durable Advantages at Attractive Prices
The VanEck Morningstar Wide Moat ETF (CBOE:MOAT) targets companies with sustainable competitive advantages trading at attractive prices.
## COWZ Leads Across Every Return Window
COWZ has the highest return in all three periods: 18.54% YTD, 26.81% 1 year, and 72.58% 5 years.
## RSP, COWZ, and MOAT Replace Market Cap Weighting
Each fund replaces market cap weighting with its own distinct approach to stock selection: equal weight, cash flow, and moats.
## VanEck's Holdings Show Durable Advantages
VanEck's daily holdings as of October 15, 2026 show 55 positions and $11.74B in total net assets with Meta Platforms at 2.95%.
## Key takeaway

Three ETFs use different methods to select stocks: equal weighting, cash flow yield, and durable competitive advantages.