IJJ - StyleBox Update: 3-Year Growth Numbers Still Low-Single Digits

2023-12-05 19:35:00 ET

Summary

• This update is usually posted every 6 weeks, but thanks to the schedule, it wasn’t updated until November 30th for this period.
• What caught my eye when updating the numbers is the paltry upside for “3-year growth” annual returns.
• Technically, looking at the chart for QQQ, the ETF peaked in July ’23 at $387 and change.

This update is usually posted every 6 weeks, but thanks to the schedule, it wasn’t updated until November 30th for this period.

What caught my eye when updating the numbers is the paltry upside for “3-year growth” annual returns.

In the 2nd “style returns” column (3rd column from left), the black-bordered boxes show below-average returns for 3-year growth style, versus the 1-,5-, 10-, and 15-year annual returns.

Draw your own conclusions about the data: I have an opinion, but will let readers formulate their own.

Technically, looking at the chart for QQQ, the ETF peaked in July ’23 at $387 and change, and then peaked again in late November ’23 at $393, and now looks to be rolling over.

None of this is advice or a recommendation. Past performance is no guarantee of future results. All of this return data is sourced from Morningstar.

Thanks for reading.

Original Post

Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.

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