ETF weight control is giving a strange result

P123staff - I am trying to use the weighting method on an ETF simulation. The problem is that what should be the highest weight ETF is not showing up in the holdings unless I make the ideal number of holdings greater than what is in the ETF custom universe. The universe has 13 ETFs. If I set the ideal holdings to 15 then PSQ shows up. If I set the ideal holdings to 10, then it doesn’t show up as a holding, even though the weighting should be almost double any other holding.

Simulation: https://www.portfolio123.com/holdings.jsp?portid=1622976

Please help.



PSQ ranks below all the other ETFs in your list. So it isn’t one of the top 10 holdings. Look at the Rank column in the first image above.

Thanks for pointing that out. I assumed that the weight formula made the ranking obsolete. I guess I was wrong :slight_smile: