
"Since August 1st, the Vanguard 500, which of course tracks the S&P 500, has returned 6.2%. The Invesco QQQ ETF, which tracks the NASDAQ 100, has returned 7.2%. Meanwhile, the Vanguard Russell 2000 ETF has returned 11.3%. And the iShares MicroCap ETF, which tracks the Russell MicroCap Index, has returned 15.7% as of the markets close on September 25th."
The podcast highlights the robust performance of small-cap ETFs relative to large-cap indices. The Vanguard Russell 2000 ETF and iShares MicroCap ETF have outperformed broader market benchmarks, a phenomenon attributed to favorable valuations and expectations that anticipated Fed rate cuts will benefit smaller, credit-reliant companies. This commentary serves as investor color on the current market dynamics favoring small-cap exposure.
Why Investors Earn Less Than Their Funds, and the Small-Cap Surge
September 27, 2025
Company Opinion