IN 2023 INVESTORS SHOULD FOCUS MORE ON ALPHA AND LESS ON BETA
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
More On Alpha
Please click here for a chart of Nasdaq 100 ETF (QQQ) compared to S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- The chart shows that over the three-year period shown SPY has gained 18.38% and QQQ has gained 23.19%.
- The chart shows that QQQ has outperformed SPY by less than 5% but at a cost of much higher volatility.
- The chart shows that at the beginning of 2022, QQQ had outperformed SPY by about 28%.
January 3, 2023