{"slug": "everything-is-beating-the-s-p-500-this-year", "title": "Everything is Beating the S&P 500 This Year", "summary": "The S&P 500 is up 9.8% year-to-date, but many other asset classes are outperforming it, including small caps (+21.7%), value stocks (+15.1%), and emerging markets (+30.8%). This broad market strength marks a shift from previous concentration in a few tech stocks.", "body_md": "Through the close of markets on Monday, the S&P 500 ETF (SPY) was up 9.8% on the year.\n\nThat’s a great return six months into the year.\n\nSurprisingly, it’s not the concentration at the top that’s carrying the returns anymore:\n\nThe S&P 493 is outperforming the S&P 500 and the Mag 7 by a wide margin. Ironically, the hyperscalers spending so much money on AI could be benefitting the rest of the market to their own detriment.\n\nIn fact, the S&P 500 is up around 10% this year despite the fact that companies like Microsoft, Meta, Oracle and more tech stocks are in relatively large corrections at the moment:\n\nYou might also be surprised to know that all kinds of other asset classes and types of stocks are beating the S&P 500 this year.\n\nHere’s a list of the asset classes outperforming the S&P 500 in 2026 through the close on Monday:\n\nSmall caps (IWM) +21.7%\n\nValue stocks (VTV) +15.1%\n\nSmall cap value (AVUV) +20.9%\n\nEmerging markets (EEM) +30.8%\n\nREITs (VNQ) +10.3%\n\nMid caps (VO) +11.3%\n\nDividend stocks (VYM) +11.7%\n\nThis is a welcomed change for diversified investors.\n\nFor years people worried about concentration in the stock market and what it meant to have a handful of stocks powering the market. I’ve had countless conversations with investors who wondered why they shouldn’t just have all of their money invested in the S&P 500.\n\nObviously, it’s not like the S&P 500 is having a bad year. It’s up almost 10% midway through the year!\n\nBut other asset classes are finally working.\n\nEmerging markets have now beaten the S&P 500 over the past three years:\n\nSmall cap value has crushed the S&P since the Covid lows:\n\nSmall cap stocks have been on fire from the Liberation Day lows:\n\nA Wealth of Common Sense is a blog that focuses on wealth management, investments, financial markets and investor psychology. I manage portfolios for institutions and individuals at Ritholtz Wealth Management LLC. More about me here. For disclosure information please see here.\n\nGet Some Common Sense\n\nCategories\n\nGet a Full Investor Curriculum: Join The Book List\n\nEvery month you'll receive 3-4 book suggestions--chosen by hand from more than 1,000 books. You'll also receive an extensive curriculum (books, articles, papers, videos) in PDF form right away.", "url": "https://wpnews.pro/news/everything-is-beating-the-s-p-500-this-year", "canonical_source": "https://awealthofcommonsense.com/2026/06/everything-is-beating-the-sp-500-this-year/", "published_at": "2026-06-23 15:02:33+00:00", "updated_at": "2026-06-24 00:48:01.083007+00:00", "lang": "en", "topics": ["ai-infrastructure"], "entities": ["S&P 500", "Microsoft", "Meta", "Oracle", "Ritholtz Wealth Management"], "alternates": {"html": "https://wpnews.pro/news/everything-is-beating-the-s-p-500-this-year", "markdown": "https://wpnews.pro/news/everything-is-beating-the-s-p-500-this-year.md", "text": "https://wpnews.pro/news/everything-is-beating-the-s-p-500-this-year.txt", "jsonld": "https://wpnews.pro/news/everything-is-beating-the-s-p-500-this-year.jsonld"}}