Subject: Re: OT: Fair Value for RSP, QQQE
Using GTR1 and SIpro data, dividend does not seem to have much impact on stock selection among S&P 500.

Following is based on holding stocks within S&P 500 for 253 days, starting from 19970902, averaged over all start days.

Hold all stocks yield > 1%, CAGR 9.9, SAWR 7.6 300 stocks average hold

Hold all stocks yield < 1%, CAGR 9.9, SAWR 7.1 200 stocks average hold

Hold 250 stocks with highest yield CAGR 9.8, SAWR 7.6. 250 stocks held

Hold 250 stocks with lowest yield CAGR 9.6, SAWR 7.0. 250 stocks held

Hold stocks with no dividend CAGR 10.2, SAWR 6.8. 100 stocks on average

Hold top 100 yield stocks. CAGR 9.7, SAWR 7.4. 100 stocks held.

Hold all stocks equally, CAGR 9.9, SAWR 7.6. 500 stocks held

https://gtr1.net/2013/?h253::s...

Craig