I want to get this subs opinions on value weighted etfs ([example](https://www.ishares.com/uk/individual/en/products/319970/ishares-msci-world-value-factor-esg-ucits-etf)). My portfolio mainly consists of bonds and the classic MSCI World and Emerging Markets ETFs. Recently I moved the latter to their value weighted equivalents given the historically high valuations (my reference is the Shiller p/e).
My rational is, that in the Dotcom bubble these indices where less affected than their market cap weighted equivalents. I did some plotting and here you see the MSCI World and MSCI World Value compared with reference to relevant dates. This way you can see what would have happened if you had invested at that time.
\- [Peak Dotcom Bubble - Jan 2000](https://ibb.co/W4kjZwhS) (value beats market cap)
\- [Bottom Dotcom Bubble - March 2003](https://ibb.co/YFKwY763) (both are basically on par)
\- [Peak before Sub Prime Crisis - June 2007](https://ibb.co/RG2ZnYSx) (market cap beats value by far)
Here are my questions:
\- Do you think this strategy makes sense for people who do not want to do their own stock picking?
\- What's your opinion on these ETFs in general? Would you also use them in times of "normal" valuations?
\- Given that the Shiller p/e is based on the S&P 500, do you know a public metric that is more suitable for global indices as the MSCI World?
Thanks in advance for anyone who takes time to respond.