{"id":19579,"date":"2026-05-30T14:11:53","date_gmt":"2026-05-30T20:11:53","guid":{"rendered":"https:\/\/fundamentalis.com\/?p=19579"},"modified":"2026-05-30T14:11:53","modified_gmt":"2026-05-30T20:11:53","slug":"stylebox-update-the-one-surprise-is-smallcap-growth-and-value-starting-to-roll","status":"publish","type":"post","link":"https:\/\/fundamentalis.com\/?p=19579","title":{"rendered":"StyleBox Update: The One Surprise is SmallCap Growth and Value Starting to Roll"},"content":{"rendered":"<p><a href=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/2026\/05\/StyleBoxUpdate53126.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-19581\" src=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/2026\/05\/StyleBoxUpdate53126-300x92.png\" alt=\"\" width=\"300\" height=\"92\" srcset=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/2026\/05\/StyleBoxUpdate53126-300x92.png 300w, https:\/\/fundamentalis.com\/wp-content\/uploads\/2026\/05\/StyleBoxUpdate53126-1024x313.png 1024w, https:\/\/fundamentalis.com\/wp-content\/uploads\/2026\/05\/StyleBoxUpdate53126-150x46.png 150w, https:\/\/fundamentalis.com\/wp-content\/uploads\/2026\/05\/StyleBoxUpdate53126-768x235.png 768w, https:\/\/fundamentalis.com\/wp-content\/uploads\/2026\/05\/StyleBoxUpdate53126-1536x470.png 1536w, https:\/\/fundamentalis.com\/wp-content\/uploads\/2026\/05\/StyleBoxUpdate53126-1600x490.png 1600w, https:\/\/fundamentalis.com\/wp-content\/uploads\/2026\/05\/StyleBoxUpdate53126.png 1778w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>This blog missed the mid-quarter on May 15th and decided to wait for month end to run the above returns.<\/p>\n<p>Not much that is surprising, other than smallcaps &#8211; both growth and value &#8211; have started to outperform.<\/p>\n<p>There are 1,778 names in the Russell 2000 per the LSEG data, and two sectors &#8211; financials and healthcare &#8211; sum to 745 names or 40% of the market cap weight of the Russell.<\/p>\n<p>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.<\/p>\n<p>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&#8217;t yet double-digits.<\/p>\n<p>This last <a href=\"https:\/\/fundamentalis.com\/?p=19273\">style-box update<\/a> 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.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>Thanks for reading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This blog missed the mid-quarter on May 15th and decided to wait for month end to run the above returns.&hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[142],"tags":[],"class_list":["post-19579","post","type-post","status-publish","format-standard","hentry","category-style-analysis"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/19579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19579"}],"version-history":[{"count":5,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/19579\/revisions"}],"predecessor-version":[{"id":19585,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/19579\/revisions\/19585"}],"wp:attachment":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}