S&P 500 vs. the Top 50 Companies 📈

What We’re Showing

The year-to-date returns of the S&P 500 index versus the S&P 500’s top 50 companies from January to July 2024.

Data comes from S&P Dow Jones Indices and is updated as of July 1, 2024.

Top Companies Are Consistently Outperforming Index

The gap between the S&P 500 and the index’s top 50 companies’ returns is widening, indicating increasing dependence of the index's performance on large-cap corporations. 

As of July 1st, the S&P 500 index saw returns of 14.8% while the top 50 companies returned 22.3%–the largest difference in returns so far this year.

An index of the top 10 companies, consisting of tech giants like Microsoft, Nvidia, Apple, and Amazon, returned 31.3% as of July, more than double that of the overall index.