$SPY vs $RSP recent rally has broadened beyond the mega-cap leaders. RSP holds the same S&P 500 companies as SPY but weights each roughly equally, while SPY is market-cap weighted therefore RSP’s outperformance means the average S&P 500 stock has been stronger than the largest stocks. What the chart says SPY +13.39% vs. RSP +14.89% over the displayed period broad participation is improving. The rising RSP/SPY ratio means industrials, financials, materials, smaller large-caps, and other non-mega-cap parts of the S&P 500 are contributing more. This makes the advance less dependent on a few AI/mega-cap names, which is typically a healthier market-internals backdrop than SPY rising while RSP lags. What to learn more about market breadth and how to trade it - make sure you give the Edge Report a follow - link in Bio Nobody else is giving data like this to help manufacture the win 🏆
