Research paper: Russell 2000 – Forty+ Years of Insights

The Russell 2000 has become the preeminent representative of the US small-cap stock domain since its inception in 1984. More than 40 years of data enables deep insights into the relative performance and distinct characteristics of small-cap stocks. While there has been no clear performance advantage of small-cap stocks over large-cap stocks over the past four decades, there have been material differences over shorter periods, primarily driven by the underlying industry composition and economic sensitivities that distinguish large companies from their smaller counterparts. 

Read this paper for a deeper understanding of:

  • Definition of “small cap”
  • Performance comparisons between large cap vs small cap
  • Small-cap sector composition
  • Valuations: large cap vs small cap
  • The small-cap “ecosystem” (i.e., investment products based on the Russell 2000)

Read the full whitepaper now at the link below 

Supporting documents

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