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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