Daily Index Insights - October 23, 2026
Market Overview
The S&P 500® index experienced a decline of 1.2% yesterday. Notably, sectors such as Consumer Staples (+3.1%), Low Volatility High Dividends (+2.8%), Dividend Aristocrats® (+2.4%), and Utilities (+2.0%) showed positive performance. Conversely, High Beta (-5.0%), Pure Growth (-4.2%), Momentum (-3.1%), Communication Services (-3.0%), and Information Technology (-3.0%) lagged behind the broader market.
SPIVA Canada Mid-Year 2026 Results
The SPIVA® (S&P Indices vs. Active) Canada Mid-Year 2026 results indicate that Canadian benchmarks achieved double-digit gains in the first half of the year, with the S&P/TSX Composite rising by 11.2%. However, active managers struggled to keep pace, with 80% of funds underperforming their benchmarks. This trend has persisted, with an average of 81.8% of Canadian Equity funds lagging the S&P/TSX Composite over the past decade.
For further insights, the SPIVA scorecards are available, covering various regions including South Africa, Australia, Latin America, New Zealand, the U.S., India, Asia ex-Japan, Japan, Europe, MENA, and Canada.
Recommended Reads
- A Dual-Quality Lens for U.S. Small-Cap Dividend Growth: This article introduces the S&P SmallCap 600 Dividend Aristocrats, focusing on profitability and 10-year dividend growth for U.S. small caps.
- S&P DJI's Global Islamic Benchmarks Outperformed Conventional Peers in Q3 2026: This review highlights the performance of Shariah-compliant equities, which outperformed conventional counterparts, particularly in the Information Technology sector.