The S&P500 might be closer to neutral, but it’s still far from neutral. If you want to actually be neutral, you’d want to avoid positive exposure to AI companies. You might even want to be net short AI companies, to offset indirect exposure to AI companies through productivity gains from AI.
There are multiple options here that are much more neutral on AI than say the S&P 500, some very straightforward and convenient:
SPXT (excludes all “technology companies” and so Microsoft, Apple and semiconductors, but still has other big AI-related companies like Amazon, Meta, Google, Tesla)
S&P500 + shorting individual AI companies, the MAGS ETF, semiconductors and/or the NASDAQ-100 (inverse ETFs, put options, shorting with margin)
The S&P500 might be closer to neutral, but it’s still far from neutral. If you want to actually be neutral, you’d want to avoid positive exposure to AI companies. You might even want to be net short AI companies, to offset indirect exposure to AI companies through productivity gains from AI.
There are multiple options here that are much more neutral on AI than say the S&P 500, some very straightforward and convenient:
SPXT (excludes all “technology companies” and so Microsoft, Apple and semiconductors, but still has other big AI-related companies like Amazon, Meta, Google, Tesla)
S&P500 + shorting individual AI companies, the MAGS ETF, semiconductors and/or the NASDAQ-100 (inverse ETFs, put options, shorting with margin)
Small-cap, mid-cap or value ETFs.
Equal-weighted S&P500.
ETFs excluding US stocks.
Thanks for these. I’ll note though that personally, I have ~0 stock market exposure (majority of my wealth is in crypto and startups).