Large Cap vs Small Cap By Year

Based on the blog I just did, I added the element of Purchase Year to the table.  Instead of splitting stocks into deciles of market cap, I had just 2 splits: large and small, with large essentially being over $920m over market cap (the 4 largest deciles).

I was interested to see if this phenomena of larger cap stocks doing better was throughout all 7+ years or just for a specific stretch.

Purchase Year	Largest	Smallest	Total
2006	23.4%	7.2%	13.9%
2007	-15.0%	-23.1%	-20.5%
2008	-2.8%	-10.2%	-8.2%
2009	32.2%	42.5%	39.3%
2010	15.9%	3.5%	8.0%
2011	-1.9%	0.2%	-0.8%
2012	38.1%	18.8%	27.5%
2013	25.3%	13.0%	19.9%
2014	2.8%	2.3%	2.6%
Grand Total	15.1%	5.9%	9.6%

So you can see overall the 15% per year performance at the bottom. If you look at the 8 years, you see larger stocks have "won" 6 of the eight year (2009 and 2011 being the exceptions).  If you dig in, you see 2011 larger stocks were crushed by for profit education (think CECO - yes it was a larger cap stock at one time).

Now you can say that you have learned something new today.

Happy Easter!