Large cap stocks – as measured by the S&P 500 – led U.S. equity returns through the first 11 months of 2015. The index returned 3.01%, slightly edging out the small-cap index by six basis points. The S&P MidCap 400 index returned 2.08%.
Large-cap growth stocks outperformed value by a wide margin (863 basis points), helped by year-to-date gains in stocks like Netflix (152%), Amazon.com (114%), Alphabet A shares (44%), Alphabet C shares (41%) and Facebook (34%).
Beyond the U.S., developed markets had the cleanest dirty shirt among the broad market indexes – the S&P Developed ex-U.S. index was up 0.27%. The frontier market index was down 8.16%, while the emerging markets index was off 11.9%.