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Feb 03 2022

Active Vs. Passive Return Drivers: Update Through December 2021

  • Feb 3, 2022

Our ongoing research into the relative performance of active vs. passive fund styles reveals that market conditions play a significant role in the active/passive return cycle. Accordingly, we identified a set of metrics that describe the market conditions we believe influence which of the two management styles is more likely to outperform. This note updates our research efforts through December 31, 2021.

Mar 07 2014

Long-Term Equity Performance Coming Up Short

  • Mar 7, 2014

The bull market has pushed short-term annualized performance readings well above median levels, while the longer-term readings remain subdued. But there is a silver lining…

Sep 10 2013

Small Cap Cycle Extension?

  • Sep 10, 2013

Small Caps have an historically high P/E premium of 15% vs. Large Caps. This premium could go higher, but we’d be reckless to call for a long-term extension of Small Cap leadership given this premium.

Jan 04 1999

Big Cap Versus Small Cap: S&P 500 Versus Russell 2000

  • Jan 4, 1999

The following table compares the performance of the Russell 2000 Index (since its inception in 1979) with the S&P S00. Over this entire period, the Russell has outperformed the S&P in ten of the twenty years (S0% of the time), producing a slightly lower annual compound rate, 12.4%, versus 13.6% for the S&P 500.

Feb 01 1989

Secondary Stocks and Secondary Stock Measures

  • Feb 1, 1989

For years we have been searching for better measures of secondary stock activity. When the new Russell 1000, 2000 and 3000 indices were developed we thought our search was over. Despite some criticism of the Russell indices, we still think this index gives the best representation of secondary stock action.

Mar 01 1987

View from the North Country

  • Mar 1, 1987

Money: The Report Card of Life…An Interesting New Market Index from Frank Russell and Company…Fearless Forecast - And You Thought We Were Kiddin’