Can You Beat The Market With This ETF Portfolio?

With more than 600 ETFs to choose from, building an ETF portfolio can seem a bit overwhelming for the average investor. That's why we asked two ETF experts to start with some simple principles and create a basic portfolio that is fairly easy to assemble.

David Kotok, chief investment officer of Cumberland Advisors and Matt Hougan, editor of IndexUniverse.com, a publication that tracks ETFs, did just that. (See video)

Below is the low-cost portfolio they've put together using only half a dozen ETFs. We'll be tracking the portfolio's performance over the summer, comparing it to the S&P 500 average. Check back daily for the latest information.

And to track ETFs and stocks in which you're interested, try our watchlist tool. For more on ETFs, check out the links below.

Kotok-Hougan Low-Cost ETF Portfolio

ETF	Weight	Purchase Price (7/1/08)	Last Price	Current Value	Today's Change	Overall Change
SPY	30%	128.38	128.38	$30,095.81	-$327.15	$95.81
EFA	25%	67.93	63.57	$23,395.41	-$69.92	-$1,604.59
VWO	10%	45.51	41.06	$9,022.19	-$103.27	-$977.81
BND	15%	75.90	76.3	$15,079.05	-$19.76	$79.05
DBC	10%	45.57	37.76	$8,286.15	-$30.72	-$1,713.85
RWX	10%	46.46	44.29	$9,532.93	-$25.83	-$467.07

Initial Investment: $100,000 Portfolio Current Value: $95,411.55 Last Day's Gain/Loss: -$525.01 Total Gain/Loss: -$4,588.45 S&P Close 7/1: 1284.91 Last Price: 1282.83 Current Value: $98,838.12 Total Gain/Loss: -$161.88

© 2008 CNBC.com