Fear the FAANG stocks? Here’s a better S&P 500 index fund for you By: MarketWatch July 26, 2018 at 11:11 AM EDT FAANG stocks make up 14% of the S&P 500 by market value, a concentration that imperils investors; an equal-weighted fund lowers risks. Read More >> Related Stocks: Alphabet-A Alphabet-C Amazon.com Apple Facebook Netflix S&P 500 EW Invesco ETF SPDR S&P 500 ETF Trust