Relative Performance of the Equal-Weighted S&P 500 vs. Cap-Weighted S&P 500 by Macro Regimes

The equal-weighted S&P 500 historically tends to outperform the cap-weighted index in economic recoveries, suggesting potential stronger growth for smaller and mid-cap companies compared to larger ones.

Image: BofA US Equity & Quant Strategy

Relative Performance of the Equal-Weighted S&P 500 vs. Cap-Weighted S&P 500 by Macro Regimes