Small caps bear brunt of today's selloff

|By:, SA News Editor

The Russell 2000's (IWM -3.3%) decline is nearly twice that of the S&P 500 and has the small-cap index now underperforming the big-cap gauge YTD (down 5.7% vs. 5.2%). It was little more than a week ago, the Russell 2000 was outperforming by about 300 basis points, and there have been numerous warnings (I, II) in recent weeks about an overvaluation in small-cap stocks that just couldn't last.

Small-cap ETFs: IJS, IWM, TZA, TNA, UWM, VB, IJR, SLY, EES, RWJ, VBR, VBK, URTY, TWM, SCHA, IWN, IWO, IJT, RWM, SRTY, DWAS, SAA, JKL, SLYG, VTWO, RZV, SLYV, SDD, JKJ, RSCO, SBB, RZG, VIOO, VTWG, UKK, FYX, TILT, VIOG, XSLV, FYT, VIOV, JKK, FNDA, EWRS, SKK, PXSV, UVT, TWOK, VTWV, SMLV, SJH, FYC, IESM, PXSC, VLU, PXSG