Should First Trust Dow 30 Equal Weight ETF (EDOW) Be on Your Investing Radar?

The First Trust Dow 30 Equal Weight ETF (EDOW) is a passively managed large-cap blend ETF with $316.89 million in assets and a 0.5% expense ratio. It has delivered 10.59% returns year-to-date and 15.98% over the past year, with a Zacks ETF Rank of 3 (Hold). However, larger competitors like the iShares Core S&P 500 ETF and Vanguard 500 Index Fund offer significantly lower expense ratios of 0.03% and substantially larger asset bases.