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Q3 2020 Market Review – U.S. Equity
Q3 2020 Market Review - U.S. Equity

U.S. EQUITY

• The broad U.S. equity market, as measured by the Russell 3000 Index, was up 9.2% for the quarter.
• The best performing U.S. equity index for the quarter was Russell 1000 Growth, returning a positive 13.2%.
• The worst performing U.S. equity index for the quarter was Russell 2000 Value, returning a positive 2.6%.

INDEX PERFORMANCE (sorted by trailing quarterly performance) GROWTH VS. VALUE

50% Grow th Outperforms
40% 37.5%
40%
30%
30%
20% 15.7%
13.2% 15.0% 20%
10% 9.2% 7.2% 5.6% 10%
2.6%
0% 0%
-10% -5.0% 10%
-20% -14.9% 20% Value Outperforms
QTR 1 Yr QTR 1 Yr QTR 1 Yr QTR 1 Yr QTR 1 Yr 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
QTR YTD 1 Yr 3 Yr 5 Yr 10 Yr Over the last year, growth stocks outperformed value stocks by 42.5%.
Russell 1000 Growth 13.2 24.3 37.5 21.7 20.1 17.3 For the trailing quarter, growth stocks outperformed value stocks by 7.6%.
Russell 3000 9.2 5.4 15.0 11.6 13.7 13.5
Russell 2000 Growth 7.2 3.9 15.7 8.2 11.4 12.3 The graph above is plotted using a rolling one-year time period. Growth stock
Russell 1000 Value 5.6 -11.6 -5.0 2.6 7.7 9.9 performance is represented by the Russell 1000 Growth Index. Value stock
Russell 2000 Value 2.6 -21.5 -14.9 -5.1 4.1 7.1 performance is represented by the Russell 1000 Value Index.

SECTOR (sorted by trailing quarterly performance)

QTR YTD 1 Yr 3 Yr 5 Yr 10 Yr
15.0% Consumer Discretionary 15.0 21.2 27.0 18.8 15.9 17.4
12.0% Materials 12.0 2.7 9.3 4.5 11.6 9.3
12.0% Industrials 12.0 -4.4 1.2 4.5 11.0 11.8
11.6% Information Technology 11.6 26.9 44.9 27.0 26.5 20.0
10.3%
Consumer Staples 10.3 4.1 7.9 8.9 9.3 11.8
8.8%
Telecommunication Svcs. 8.8 8.2 17.8 9.2 10.5 9.3
5.8%
Health Care 5.8 5.2 20.1 11.3 12.1 15.7
5.1%
Utilities 5.1 -7.5 -7.1 6.7 10.2 10.7
3.6%
Financials 3.6 -21.1 -13.2 -0.8 7.4 9.5
1.1%
Real Estate 1.1 -11.6 -11.4 4.0 6.7 9.5
-19.2%
Energy -19.2 -48.5 -45.5 -21.4 -10.7 -3.9
-20.00 -15.00 -10.00 -5.00 0.00 5.00 10.00 15.00
Source: S&P 1500 Sector Indices

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