How many market segments are beating the S&P 500?

Oct 29, 2010

Recently, it's been discuseed how just a few stocks were driving most of the gain in the S&P 500. I heard the numbers used were something like 30% of the gain in the S&P 500 this year was being driven by just 5 stocks -- and that this implies a narrow market. Obviously, this is a very U.S. centric view of the world and is not how most forward-looking advisers view the investment landscape.

It also begs the question, how many market segments as defined by ETFs are beating the S&P 500 this year? To come up with a reasonable list -- we used an adjusted Ameritrade list (we took off a few of the most illiquid arcane ETFs and replaced with GLD, IWM, DBA & MOO -- 4 pretty core ETFs we feel should have been on the list in the first place)

 

The answer is that 65 of the 100 below are beating the S&P 500 YTD through the end of October. All figures are total return (dividend and distribution adjusted).

If we had bought all 100 on 12/31/09 at 1.0% (equal-weighted), the portfolio would be +9.9% YTD vs +7.9% for the S&P 500.

 

        YTD%
1 VNQ Vanguard Morgan Stanley REIT   25.1 %
2 RWR SPDR Dow Jones REIT   24.4 %
3 EPI WisdomTree India Earnings Index   23.9 %
4 GLD SPDR Gold Shares   23.6 %
5 RWO SPDR Dow Jones Global Real Estate   20.5 %
6 EWX S&P Emerging Markets Small Cap   19.5 %
7 RWX SPDR DJ International Real Estate   18.3 %
8 VSS Vanguard FTSE World ex-US Small Cap   17.5 %
9 EDV Vanguard Extended Duration Tsy (25+yr)   16.8 %
10 VBK Vanguard MSCI U.S. Small Cap Growth   16.8 %
11 VOT Vanguard MSCI U.S. Midcap Growth   16.8 %
12 PCY PowerShares Emerging Mkts Bond (7-8yr)   16.5 %
13 MOO Market Vectors Agribusiness   16.2 %
14 IWO iShares Russell 2000 Growth   15.4 %
15 IJH iShares S&P MidCap 400 Index   15.3 %
16 IWS iShares Russell Midcap Value   15.2 %
17 VXF Vanguard Extended Market ETF   15.2 %
18 TLT iShares Barclays Long-Term Treasury (15yr)   15.2 %
19 VO Vanguard MSCI U.S. Mid Cap   15.2 %
20 VB Vanguard MSCI US Small Cap   15.2 %
21 VGLT Vanguard Long-Term Gov't Bond (14-15yr)   15.1 %
22 IWP iShares Russell Midcap Growth   14.9 %
23 VWO Vanguard MSCI Emerging Markets   14.3 %
24 IWC iShares Russell Microcap Index   14.3 %
25 BLV Vanguard Long-Term Gov't+Credit (12+yr)   13.8 %
26 VBR Vanguard MSCI U.S. SmallCap Value   13.6 %
27 IWM iShares Russell 2000 Index Fund   13.5 %
28 VCIT Vanguard Interm Corp Bond (6-7yr)   13.4 %
29 IJR iShares S&P SmallCap 600 Index   13.4 %
30 VCLT Vanguard Long-Term Corp Bond (12+yr)   13.2 %
31 BIV Vanguard Investment Grade-Credit (6-7yr)   13.2 %
32 JNK SPDR Barcap High-Yield Junk Bond (5-7yr)   13.0 %
33 VOE Vanguard U.S. Midcap Value   13.0 %
34 SCZ iShares MSCI EAFE Small Cap Index   13.0 %
35 AAXJ iShares MSCI Asia ex-Japan   12.5 %
36 DBA DB Agricultural Commodities Index   12.3 %
37 GXC SPDR S&P China   12.3 %
38 IWN iShares Russell 2000 Value Index   12.2 %
39 LQD iShares iBoxx Invest Grade Bond (7-8yr)   12.0 %
40 IJS iShares S&P SmallCap 600 Value   11.7 %
41 GUR SPDR S&P Emerging Europe   11.3 %
42 ILF iShares S&P Latin America   10.9 %
43 VGIT Vanguard Interm-Term Gov't Bond   10.7 %
44 EWC iShares MSCI Canada Index Fund   10.6 %
45 AOA iShares 90-10 S&P Aggressive Allocation   10.3 %
46 VUG Vanguard MSCI U.S. LargeCap Growth   10.0 %
47 RSX Market Vectors DAXglobal Russia   9.9 %
48 IEI iShares Barclays 3-7 Yr Tsy Bond (4-5yr)   9.6 %
49 TIP iShares Barclays TIPS (4-6yr)   9.5 %
50 IWF iShares Russell 1000 Growth   9.3 %
51 VTI Vanguard MSCI Total U.S. Stock Market   9.2 %
52 CIU iShares Barclays Intermed Credit (4-5yr)   9.0 %
53 IWV iShares Russell 3000 Index Fund   8.9 %
54 VIG Vanguard Dividend Appreciation   8.6 %
55 MGK Vanguard U.S. Mega Cap 300 Growth   8.5 %
56 IWB iShares Russell 1000 Index Fund   8.5 %
57 BKF iShares MSCI BRIC Index Fund   8.3 %
58 BWX SPDR Barcap Global Ex-U.S. Bond (6-7yr)   8.3 %
59 EWA iShares MSCI Australia Index Fund   8.2 %
60 EFG iShares MSCI EAFE Growth Index   8.1 %
61 VYM Vanguard High Dividend Yield Index   8.1 %
62 BND Vanguard Total Bond Market (4-5yr)   8.0 %
63 AGG iShares Barclays Aggregate Bond (4-5yr)   8.0 %
64 WIP SPDR Int'l Govt Infl-Protect Bond (9-10yr)   7.9 %
65 VT Vanguard Total World Stock Index   7.9 %
66 IVV iShares S&P 500 Index Fund   7.9 %
67 VEU Vanguard FTSE All-World ex-US   7.8 %
68 EWG iShares MSCI Germany Index   7.7 %
69 IWD iShares Russell 1000 Value   7.7 %
70 FXI iShares FTSE China 25 Index Fund   7.6 %
71 AOR iShares 60-40 S&P Stock-Bond Allocation   7.5 %
72 GVI iShares Barclays Interm Gov't+Credit (4yr)   7.4 %
73 EWU iShares MSCI United Kingdom Index   7.1 %
74 ACWI iShares MSCI All-World ACWI Index   7.0 %
75 VTV Vanguard MSCI U.S. LargeCap Value   6.7 %
76 IVE iShares S&P 500 Value Index Fund   6.7 %
77 VMBS Vanguard Mortgage-Backed Bonds (2-3yr)   6.4 %
78 VCSH Vanguard Short-Term Inv Grd Bond (2-3yr)   6.3 %
79 MBB iShares Barclays MBS Bond Fund (2.8yr)   6.3 %
80 TFI SPDR Nuveen Barclays Muni Bond (9-10yr)   6.2 %
81 AOM iShares 40-60 S&P Moderate Allocation   6.1 %
82 MUB iShares S&P National Muni Bond (2-3yr)   5.6 %
83 VGK Vanguard MSCI Europe   5.4 %
84 DJP Dow Jones-AIG Commodity Index   5.2 %
85 VEA Vanguard MSCI Euro Pacific   5.1 %
86 BSV Vanguard Short-Tm Bond Mix (2-3yr)   4.9 %
87 EWZ iShares MSCI Brazil Index Fund   3.7 %
88 EWJ iShares MSCI Japan Index Fund   3.6 %
89 CSJ iShares Barclays 1-3 Year Credit (2yr)   3.2 %
90 EFV iShares MSCI EAFE Value Index   3.0 %
91 VGSH Vanguard Short-Term Gov't Bond (2yr)   2.7 %
92 IOO iShares S&P Global 100 Index Fund   2.7 %
93 SHY Barclays Low Duration Treasury (2-yr)   2.7 %
94 SHM SPDR Short-Term Municipal Bond (2-3yr)   2.6 %
95 DBC PowerShares DB Commodity Index   2.3 %
96 EWQ iShares MSCI France   0.2 %
97 FEZ SPDR Euro STOXX 50   -3.3 %
98 EWI iShares MSCI Italy Index   -6.8 %
99 EWP iShares MSCI Spain Index   -7.9 %
100 DBO PowerShares DB Oil Fund   -8.1 %

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