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Tag Archives: IJS

High Beta Continues To Lead US Equity Factor Returns In 2021

With just over a month to go until we put a fork in 2021, high beta stocks look set to deliver the strongest performance among US equity factors this year, based on a set of ETFs. Invesco S&P 500 High Beta (SPHB) is up more than 43% year to date through yesterday’s close (Nov. 18). That’s well ahead of the second-best performer – small cap value (IJS), which is ahead by nearly 35% so far in 2021. The broad stock market – SPDR S&P 500 (SPY) – is having a good year,...

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High Beta Stocks Still Leading US Equity Factor Returns This Year

Shares with the highest beta-risk continue to top the US factor race in 2021 by a wide margin, based on a set of exchange traded funds. Invesco S&P 500 High Beta (SPHB) is holding on to a substantial lead via a 32.0% gain so far in 2021 through yesterday’s close (Oct. 6). Although the fund has been treading water for the last several months, no other factor ETF has challenged SPHB’s year-to-date front-runner status. The nearest competitor to SPHB’s leadership this year...

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High Beta Stocks Continue To Top US Equity Factor Returns In 2021

The strategy of holding stocks with the highest beta risk have stumbled recently, but remain comfortably in the lead year to date for US equity factors, based on a set of exchange traded funds. Invesco S&P 500 High Beta (SPHB) is up 30.9% so far this year through yesterday’s close (Aug. 9). That’s well ahead of the second-best factor performance via iShares S&P Small-Cap 600 Value (IJS), which is ahead 24.7% in 2021. SPHB’s performance edge is even stronger vs. the...

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High Beta, Small Cap Value Lead US Equity Factor Returns In 2021

US equity factor strategies targeting high-beta and small-cap value shares continue to post the strongest performances so far in 2021, based on a set of exchange-traded funds through June 9. Invesco S&P 500 High Beta (SPHB) is in the lead with a 36.3% return year to date. The ETF, which holds the 100 highest beta stocks in the S&P 500, has earned more than twice the return of the broad market, based on SPDR S&P 500 (SPY), which is up 13.2% this year. A close...

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High Beta Stocks Top US Equity Factor Returns In 2021

So-called high beta shares have rallied sharply in recent weeks and are now the top performer for US equity factor returns year to date, based on a set of ETF proxies through yesterday’s close (May 17). Invesco S&P 500 High Beta (SPHB) edged up to a record close on Monday and remains firmly in the lead so far in 2021 for a broad set of ETFs tracking various slices of US equity factors. The fund’s 34.4% total return this year displaces the former year-to-date leader —...

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Will The Rebound For Small-Cap Value Stocks Endure?

It’s been a year of revival so far for the previously trailing small-cap value space in the US stock market. Deciding if the party can last may depend on how stocks overall fare in the months ahead and whether the consensus forecast for a strong economic recovery is accurate. For now, small-cap value is the top-performing equity risk factor year to date, based on a set of exchange traded funds. The iShares S&P Small-Cap 600 Value ETF (IJS) is enjoying a strong 22.3% total...

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Small Cap Value Still Leading US Equity Factor Returns In 2021

How long can small-cap value stocks outperform the rest of the factor field? According to the influential Fama-French research, this slice of US equity risk has dominated performance over the long haul. In recent years, however, the long-run record faltered as growth and large-cap led. But small-cap value is back in 2021 and for the moment, at least, is well ahead in the equity factor horse race on a year-to-date basis. Small-cap value’s year-to-date leadership was conspicuous...

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Small-Cap Value Is 2021’s Top-Performing US Equity Factor

Small-cap value is back. This slice of US equity factor risk is leading the wide-ranging field of US equity risk factors by a wide margin so far in 2021, based on a set of ETF returns through Mar. 9. After a tepid gain in 2020 (+3.0), iShares S&P Small-Cap 600 Value (IJS) is roaring in the first quarter with a 26.9% return year to date. The fund’s strong technical profile suggests that the rally has room to run, based on the expanding spread in the 50-day moving average...

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Small-Cap Risk Leads US Equity Factor Returns Year To Date

Small-capitalization shares are having a good year. It’s only mid-February, but year-to-date results continue to show a strong performance edge in favor of smaller stocks in the US equity space, based on a set of exchange traded funds through yesterday’s close (Feb. 10). Within the small-cap bucket, growth is on top. The iShares S&P Small-Cap 600 Growth ETF (IJT) is up an impressive 16.4% so far in 2021. Earlier this week, the fund closed at a record high before pulling...

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Year-To-Date Equity Leaders: Asia ex-Japan, Small Caps And Energy

The year is still young, but not too young to see trends that could define 2021 for leaders and laggards in US and world equity markets. Reviewing a set of exchange traded funds as proxies highlights three key trends that deserve monitoring: leadership in energy shares, small-cap stocks and markets in Asia ex-Japan. Let’s start with US small caps. Year to date, various flavors of the small-cap factor are leading the field in the equity-risk-factor space. Posting roughly...

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