Small-Cap Stocks Face Steeper Climb Against S&P 500 As Headwinds Mount
Over the past decade, the long-standing academic case for small-cap outperformance has been repeatedly undermined by real-world market results favoring large caps. Since December 31, 2013, the S&P 500 has gained 259.7% compared to the Russell 2000’s 110.11%, according to Dow Jones Market Data. That performance gap has widened as interest rates and Treasury yields…