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QVMS - Russell 1000 Dodges The Worst Of The Omicron Meltdown
Invesco S&P SmallCap 600 QVM Multi-factor ETF
Along with only a handful of other stock markets, the US held up reasonably well amid the global rout, outperforming the FTSE All-World Index for November and barely denting its significant lead for the year so far.
The Russell 1000's outperformance versus its global peers in November is largely an upshot of its huge exposure to technology stocks.
The relative resilience of US stocks, particularly among large-caps, further expanded the Russell 1000's already outsized 11-point performance edge over non-US peers for the past 12 months.