Friday, May 18, 2012

S&P 500 Performance by Letter of the Alphabet

Since it's Friday, here's an offbeat post for the day.  Below is the YTD performance of equal weighted portfolios consisting of stocks that begin with a given letter.  Looks like the T portfolio has been the big winner so far this year, outperforming the S&P 500 by almost 4%.  The J portfolio, powered by JNPR, JPM, JCP and JEC has gotten crushed though, down by 8% this year.  

When is somebody going to create an index and ETF so investment managers can benchmark themselves against these portfolios?  I would argue that weighting a portfolio by market cap (the S&P 500) is ultimately just as arbitrary as doing it by letter of the alphabet.

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