Small caps vs S&P 500 (3 months) today: value, history and context

Data as of Oct 27, 2026

−8.3 % Poor

Higher than on 9% of the days of the last 10 years.

Change over 1 week: +0.9 pp. Over 1 month: +1.5 pp.

Last month

Date	Value	Colour
Oct 27, 2026	−8.3 %	Poor
Oct 26, 2026	−9.0 %	Poor
Oct 23, 2026	−8.8 %	Poor
Oct 22, 2026	−8.4 %	Poor
Oct 21, 2026	−10.1 %	Poor
Oct 20, 2026	−9.2 %	Poor
Oct 19, 2026	−11.3 %	Poor
Oct 16, 2026	−10.6 %	Poor
Oct 15, 2026	−10.4 %	Poor
Oct 14, 2026	−11.0 %	Poor
Oct 13, 2026	−9.7 %	Poor
Oct 12, 2026	−9.2 %	Poor
Oct 9, 2026	−8.9 %	Poor
Oct 8, 2026	−8.9 %	Poor
Oct 7, 2026	−10.1 %	Poor
Oct 6, 2026	−8.6 %	Poor
Oct 5, 2026	−8.0 %	Poor
Oct 2, 2026	−8.4 %	Poor
Oct 1, 2026	−9.0 %	Poor
Sep 30, 2026	−9.7 %	Poor
Sep 29, 2026	−9.7 %	Poor
Sep 28, 2026	−9.8 %	Poor

Over the last 10 years

High: +22.4 % (Feb 9, 2021).
Low: −21.3 % (Mar 18, 2020).
A year ago: +4.1 %.

What it is

Whether small companies are doing better or worse than large ones. Relative return of IWM versus SPY over 63 sessions. Part of the theme "Where money is going": Where money is moving: small companies, tech, or the market as a whole.

How to read it

Higher is better. The colour compares today’s value with the indicator’s own last 10 years: "Good" is the most favourable third of its history, "Poor" the most strained. It describes the present and anticipates nothing.

Frequently asked questions

What is Small caps vs S&P 500 (3 months)?

Whether small companies are doing better or worse than large ones. Relative return of IWM versus SPY over 63 sessions.

What does a high value mean?

The higher, the healthier for the market. The colour compares it with its last 10 years: its high and low over that period are shown above.

Does it predict the stock market?

No. It describes where things stand today against their history, with no forecasts or recommendations.

See the detail on Stock Signal Lab →