This blog missed the mid-quarter on May 15th and decided to wait for month end to run the above returns.
Not much that is surprising, other than smallcaps – both growth and value – have started to outperform.
There are 1,778 names in the Russell 2000 per the LSEG data, and two sectors – financials and healthcare – sum to 745 names or 40% of the market cap weight of the Russell.
Given the move in the Russell, I thought more energy would be in the index, but the sector is less than 5% of the index.
The annual return box found at the bottom half of the spreadsheet shows only the small-cap growth and value, and the mid-caps with 5-year returns that aren’t yet double-digits.
This last style-box update from mid-February 26, showed how the 5-year returns for small and mids, as well as the RSP and QQQE were still single-digit returns.
No surprise to anyone, growth is back in charge after the last 60 days and even the laggard asset classes are starting to catch up.
None of this is advice or a recommendation, but only an opinion. Past performance is no guarantee of future results. Morningstar is the source of all return data.
Thanks for reading.