The Nasdaq Composite index returned 37.7% for the first seven months of 2023, besting the S&P 500 index by more than 17 percentage points. In 2021 and 2022, the S&P 500 outperformed the Nasdaq Composite by 6.5 and 14.4 percentage points, respectively.
Nasdaq Composite's return trounces S&P 500 this year
As of June 30, the Nasdaq Composite had a combined 58.6% weight in the information technology and communication services sectors vs. 36.8% for the S&P 500.
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