Amazing Returns of Just Five Stocks Driving the S&P 500

Vern Sumnicht CEO | CIO |

Many investors, regardless of their investment style may feel as though they are underperforming this year unless they have been willing to own just five stocks, Apple, Microsoft, Nvidia, Meta Platforms, and Alphabet, which have contributed 66% of the S&P 500's total gains this year. These companies have added a total of $1.7 trillion in market capitalization, despite accounting for just 20% of the market's total value. This top-heavy S&P 500 is causing concern among investors, as portfolios lacking concentrated positions in these tech giants may be lagging this year. The outperformance of diversified portfolios has been hard to come by so far in 2023. Shares of Apple are up over 27%, Microsoft is up nearly 20%, and Nvidia is up a whopping 83% this year.

At iSectors we are not interested in an over concentration in a few highly priced technology stocks. We still see opportunities in high quality dividend paying value stocks like those we own in iSectors® Domestic Equity Allocation. For more information visit our website at or call us a 1-800-iSectors.