Posted on 03/12/2012
This past Friday, March 9, 2012 marked the 3-year anniversary of the 2009 market bottom. The S&P 500 Index (SPX) closed at $676.53 on that day, which was the lowest reading this index had seen since 1996. While it hasn't been necessarily the smoothest ride back up, we have in fact made major headway over the past 3 years. As a matter of fact, today we are closer to our all time highs (set in October, 2007 at 1565) than we are from the 2009 lows. In fact, from 3/9/2009 through close on Friday, the SPX has more than doubled, as it is up 102.63%. We have compiled the performance data for all of the major asset classes along with the 10 Broad Dow Jones Sectors as represented by the iShares line up in the tables below.
In terms of best and worst, we find that US equities have been the best performing asset class of those represented below. Specifically, the Guggenheim S&P 500 Equal Weighted ETF (RSP) is up about 150%. Underneath the surface, it has been the Industrials that has posted the largest gain, up 142.75%, followed by Basic Materials and Technology as they both are up by 141.69%. The worst performing US sector has been Utilities, up about 62%. In terms of the worst performing asset class, we see that Fixed Income as represented by the Vanguard Total Bond Market ETF (BND) is up about 10% with Commodities (GCC) in the second to las spot.