February 05, 1992 BY The Leuthold Research Team
Each January clients call to inquire about last year's performance of the S&P 500 with each component stock given equal weight. Jim Floyd has updated this calculation. It should come as no surprise that in 1991 the equally weighted S&P 500 outperformed the weighted version. However, it was surprising the margin was as small as it was (only 640 basis points). The weighted S&P 500 was up 26.3% while the equally weighted S&P 500 was up 32.72 (dividends excluded).