The chart shows the year-to-date return paths for the S&P 500, the S&P 493, and the Mag7. The S&P 493 represents the S&P 500 excluding Apple, Microsoft, Amazon, Alphabet, Meta Platforms, Tesla, and NVIDIA. The Mag7 refers to those seven companies grouped together.
Year-to-date results highlight how much of the S&P 500’s return has come from the Mag7 compared with the other 493 companies.
This view helps illustrate where performance has varied within the index. Diversification can help capture returns from multiple sources but does not ensure a profit or protect against loss.