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.