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The Philadelphia Semiconductor Index (SOX) often shows different performance trends compared to broader market indices due to its focus on the semiconductor sector. Here’s a comparison with some major indices:
1. S&P 500 (SPX): The S&P 500 is a broad market index that includes 500 of the largest U.S. companies across various sectors. While the SOX index has outperformed the S&P 500 over the past year, the S&P 500 provides a more diversified exposure1.
2. NASDAQ-100 (NDX): This index includes 100 of the largest non-financial companies listed on the NASDAQ stock exchange, with a significant weighting towards technology stocks. The NASDAQ-100 and the SOX index often show similar trends, but the SOX can be more volatile due to its narrower focus1.
3. Dow Jones Industrial Average (DJIA): The DJIA includes 30 large publicly-owned companies based in the United States. It is less tech-heavy compared to the SOX and NASDAQ-100, and typically shows more stable but slower growth1.
4. Russell 2000 (RUT): This index measures the performance of the 2,000 smallest companies in the Russell 3000 Index. It provides a good indication of the performance of smaller companies, which can be more volatile than the large-cap stocks in the SOX1.
5. Invesco QQQ ETF (QQQ): This ETF tracks the NASDAQ-100 and is popular among investors looking for exposure to large-cap tech stocks. Like the NASDAQ-100, it often mirrors the performance of the SOX but with broader tech exposure1.
Would you like more detailed information on any of these indices or a specific comparison?
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