Smallcaps Catch Up

Throughout much of 2012, smallcap stocks have underperformed largecap stocks.  But a surge over the last few days has pushed the Russell 2,000 above the S&P 500 in terms of year-to-date performance.  As shown in the chart below, the Russell 2,000 was up just half of what the S&P 500 was when the market hit its post-election low on November 15th.  The rally over the last month now has the Russell 2,000 up 14.20% versus the S&P 500's gain of 13.75%.

Below is a look at the performance of smallcaps versus largecaps since the bull market began on March 9th, 2009.  As shown, the Russell 2,000 is up 146% versus the S&P 500's gain of 111%.