Smallcaps Lagging Behind the S&P 500

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Includes: IJR, IWM, JKJ, VB
by: Eddy Elfenbein

Eddy Elfenbein submits: Small-caps are having a big day today. In fact, that's one of few areas of the market that is convincingly higher.

But that's not how it's been for the past few months. After a spectacular run, small-caps have been feeling the most pain in this market.

This chart shows the Russell 2000 (black line) against the S&P 500 (gold line):

RUT-SP500

This is a big change from the previous six years. It's been one long small-cap party. From April 8, 1999 to April 19, 2006, the Russell 2000 gained 94.7% while the S&P 500 lost -2.5%.

Editor's Note: ETFs covering smallcaps include IJR, IWM, JKJ, PZJ and VB.