If you're interested in broad exposure to the Large Cap Blend segment of the US equity market, look no further than the First Trust Dow 30 Equal Weight ETF (EDOW Quick QuoteEDOW - Free Report) , a passively managed exchange traded fund launched on August 8, 2017.

The fund is sponsored by First Trust Advisors. It has amassed assets over $230.94 million, making it one of the average sized ETFs attempting to match the Large Cap Blend segment of the US equity market.

Why Large Cap Blend

Large cap companies usually have a market capitalization above $10 billion. Considered a more stable option, large cap companies boast more predictable cash flows and are less volatile than their mid and small cap counterparts.

Blend ETFs are aptly named, since they tend to hold a mix of growth and value stocks, as well as show characteristics of both kinds of equities.

Costs

Since cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF's expense ratio.

Annual operating expenses for this ETF are 0.5%, putting it on par with most peer products in the space.

It has a 12-month trailing dividend yield of 1.26%.

Sector Exposure and Top Holdings

While ETFs offer diversified exposure, which minimizes single stock risk, a deep look into a fund's holdings is a valuable exercise. And, most ETFs are very transparent products that disclose their holdings on a daily basis.

This ETF has heaviest allocation to the Information Technology sector -- about 20.9% of the portfolio. Financials and Healthcare round out the top three.

Looking at individual holdings, Caterpillar Inc. (CAT) accounts for about 4.17% of total assets, followed by Apple Inc. (AAPL) and International Business Machines Corporation (IBM).

The top 10 holdings account for about 35.69% of total assets under management.

Performance and Risk

EDOW seeks to match the performance of the Dow Jones Industrial Average Equal Weight Index before fees and expenses. The Dow Jones Industrial Average Equal Weight Index is an equally weighted index designed to be a price neutral version of the price-weighted DJIA.

The ETF has gained about 14.43% so far this year and is up roughly 10.04% in the last one year (as of 12/03/2025). In the past 52-week period, it has traded between $32.19 and $41.38.

The ETF has a beta of 0.87 and standard deviation of 12.92% for the trailing three-year period. With about 31 holdings, it has more concentrated exposure than peers.

Alternatives

First Trust Dow 30 Equal Weight ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, EDOW is an outstanding option for investors seeking exposure to the Style Box - Large Cap Blend segment of the market. There are other additional ETFs in the space that investors could consider as well.

The iShares Core S&P 500 ETF (IVV) and the Vanguard S&P 500 ETF (VOO) track a similar index. While iShares Core S&P 500 ETF has $731.53 billion in assets, Vanguard S&P 500 ETF has $800.95 billion. IVV has an expense ratio of 0.03% and VOO charges 0.03%.

Bottom-Line

Retail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds are also excellent vehicles for long term investors.

To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.