The chart above shows the percentage of the SP 500 by market capitalization that is attributable to the Magnificent Seven stocks NVDA, AAPL, AMZN, MSFT, GOOG, META, and TSLA. This is calculated by taking the sum of each of these individual companies weights in the SP 500 Index which is determined by free float market capitalization. This chart extends over the period beginning 12312018 through 11182024. Data sources: Bloomberg SP Global. Chart source: V-Square Quantitative Management. It is not possible to invest directly in an index. Past performance does not guarantee future performance.Indices and trademarks are the property of their respective owners. This summary is provided for illustrative purposes only and does not include all material elements of the index or its methodology. Actual investment universe may vary. Investors may not invest directly in an index. Performance of an investment account that tracks an index will differ due to such fees and expenses and tracking differences. Such fees and expenses will reduce performance and have a compounding effect over time. Index returns do not reflect any management fees, transaction costs or expenses. Past performance does not guarantee future performance.
Indices and trademarks are the property of their respective owners. This summary is provided for illustrative purposes only and does not include all material elements of the index or its methodology. Actual investment universe may vary. Investors may not invest directly in an index. Performance of an investment account that tracks an index will differ due to such fees and expenses and tracking differences. Such fees and expenses will reduce performance and have a compounding effect over time. Index returns do not reflect any management fees, transaction costs or expenses.