Record highs for the S&P 500 and Dow Jones Industrial Average make for good headlines but U.S. mid-cap stocks have actually been the best performers since the financial crisis.
SPDR S&P MidCap 400 (MDY) is up about 22% year to date, outperforming the S&P 500 by 2 percentage points, according to Morningstar.
In fact, the mid-cap ETF has outperformed the S&P 500 in five of the past six calendar years. [‘Impressive’ Returns of Mid-Cap ETFs Get Lost in the Mix]
“The most recent close for the S&P 500 is 1,692.39 — it has retraced 114.3% of its financial crisis bear market decline,” according to chartoftheday.com.
The Dow, S&P 500, Nasdaq, S&P MidCap 400 and small-cap Russell 2000 have erased all of the losses they suffered during the credit crisis.
“However, it has been the often overlooked S&P 400 that has been the star performer. The S&P 400 has recouped over 160% of its financial crisis decline — a very impressive performance,” according to the website.
The opinions and forecasts expressed herein are solely those of John Spence, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.