Subject: Market Index results VS EW Indices
Considering why its difficult for MI'ers to beat the S&P?
Name Direxion ISHARES INVESCO INVESCO INVESCO State Street
Name Nasdaq-100 MSCI USA S&P 500 RUSSELL 1000 S & P 100 SPDR S&P 500
Name Equal Weighted EQUAL WEIGHT EQUAL WEIGHT EQUAL WEIGHT EQUAL WEIGHT Cap Weighted
Issue type Index ETF Index ETF Index ETF Index ETF Index ETF ETF Trust
Symbol QQQE EUSA RSP EQAL EQWL SPY
Market price $107.49 $107.08 $200.28 $57.27 $120.88 $711.54
As of Apr-29-2026 Apr-29-2026 Apr-29-2026 Apr-29-2026 Apr-29-2026 Apr-29-2026
Market total return (1 year) 13.72% 10.58% 12.64% 18.76% 13.73% 17.59%
Market total return (3 years) 11.59% 12.22% 11.72% 12.31% 16.07% 18.19%
Market total return (5 years) 6.59% 7.05% 8.02% 6.98% 11.05% 11.94%
Market total return (10 years) 13.31% 10.89% 11.22% 10.40% 13.64% 14.06%
Premium / discount (1 year avg.) 0.00% 0.00% -0.01% -0.02% 0.05% 0.00%
Beta (month-end 3 years) 1.06 1.03 0.98 0.94 0.89 1
Standard deviation (month-end 3 years) 13.85 13.97 13.73 14.08 11.71 12.04
Sharpe ratio (month-end 3 years) 0.52 0.55 0.53 0.56 0.93 1.06
Alpha (month-end 3 years) Final sort -6.47 -5.53 -5.36 -4.27 -0.58 -0.1
R2 (month-end 3 years) 85.1 78.96 73.94 64.56 83.86 100
As of Mar-31-2026 Mar-31-2026 Mar-31-2026 Mar-31-2026 Mar-31-2026 Mar-31-2026
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