Not only that, the gain in stocks was fairly broad-based with large-caps, mid-caps and small-caps all showing strong moves, and virtually all sectors up in double digits.
According to the Center for Research in Security Prices, microcaps outperform small caps and large-caps stocks over time, although returns deviate by wider degrees.
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Nearly one-third of Jacobs' portfolio is in the Vanguard Total Stock Market Index ( VTSMX) , with the rest split among small- and mid-caps, including Baron Small Cap ( BSCFX) , Berger Mid Cap Value ( BEMVX) and Artisan Mid Cap Value ( ARTQX) .
But shorten your time horizon, and small caps look far less attractive, Mr. Ramsey says.
Dull but highly tax-efficient and extremely low cost: This no-load index fund attempts to mimic the Wilshire 5000 by investing in large, mid and small caps.
For all of 2012, megacaps and small caps are essentially even.
Small caps and growth stocks are outperforming and small cap growth itself has been the superstar thus far in 2011 (up 5.13% YTD versus, say, large cap value up 3.38% thus far this year).
What about combining of these two factors, The January Effect in small-caps and the Presidential Cycle?
Small caps, too, have continued to be market leaders, although large-cap growth funds began to find their footing in the fourth quarter of 2005 and give small caps a run for their money.
So there are a lot of different ways you can go, and of course there are lot of small caps that are moving as well, that are intriguing and interesting, and I do have some cloud information for people.
Rob Arnott, chairman of Research Affiliates, says small caps look more expensive than large caps on some measures and less so on others, but considers both to offer poor value.
Smaller, though, is riskier, given that small caps have low liquidity and share prices that can fluctuate wildly on a wee bit of bad news.
But instead of yet another celebration that blue skies appear to be ahead for the economy, we saw nothing but selling in the small and mid-caps.
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Rally days are broad based and tend to favor small-caps, a good sign.
Here we are now, going into the seventh year of small cap ascendancy over large caps and the sixth year of international fund supremacy over U.S. equity funds.
In this rally, gains in small-caps have been the largest and Oberweis' rapid growers have been on a tear.
We talked about Apple (AAPL), small caps, oils, commodities, industrials and tech.
Small-caps could enjoy a strong 2013 and beyond, given cheap valuations, cash rich balance sheets and an expected reacceleration in earnings growth.
Or what if they're both managed funds investing in small caps or in a specific industry sector and you sell one and buy the other?
Based on a comparison of stock prices to per-share earnings and growth rates, he calculates, small caps now are trading at an 11% premium to large caps.
His argument goes like this: Small-caps have outperformed large-caps between 1926 and 2011.
Over shorter periods small caps have tended to do better when the economy and the stock market have been recovering from a recession.
Rather, they combine them with bond indexes or funds, or peel back on the large-caps inherent in SPY, and add a concentration of small- or mid-cap focused investments.
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Devault says that until proven otherwise in the longer term, value funds should still trump growth--and with a bit less conviction he says that small-caps should still outpace large-caps.
However, Buckingham thinks small-caps have had their run over the last 12 months and now finds bargains in large and megacaps such as Microsoft.
Small caps are your best canaries in the coal mine for risk appetite and the US picture, the stocks making up the RUT have much less overseas exposure than their larger cap brethren.
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