Aussie small caps are beating the Americans in a 12-month sprint
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You don’t want to bet against US markets in an ultramarathon, where they’re comfortably beating the ASX over the last 10 years.
But the ASX and its small caps are well ahead in a 12-month sprint.
Here are the numbers:
The Small Ords (ASX:XSO) is up 14.23 per cent over the last 12 months and the All Ords (ASX:XAO) is up 20.05 per cent.
A year ago both were heading into the shocker 2018 Christmas period, which saw markets around the world tumble and brokers take their holidays early — at least the ones not trying to claw back losses — spooked by the US’ still-continuing trade spat with China.
Murca on the other hand is looking less exciting:
The S&P600, a measure of small caps on that index, is up just 6.51 per cent and the iShares Russell 2000 Index, a measure of small caps on the NYSE, is up 8.99 per cent.
Even the top small caps on show in Australia have more pep over the last 12 months.
|Ticker||Company||12 month price $||Price Nov 20 $||12 month return %||Market Cap|
|SPX||SPECTRUM METALS LTD||0.005||0.067||1240||$92.8M|
|TNY||TINYBEANS GROUP PTY LTD||0.360||3.190||786||$121.4M|
|ANO||ADVANCE NANOTEK LTD||0.939||6.760||620||$398.3M|
Bearing in mind that a ‘small cap’ in the US runs from minnow to billion-dollar business, investors with second sight got less bang in the US in the last 12 months, according to data from US investing app Stake.
|Code||Company||Price Nov 19 $||1 year return %||Market cap|