S&P 500 correlation with equal-weight index falls to 35-year low, Europe Capital Partners says

• S&P 500 correlation with its equal-weight counterpart fell to 0.38, the lowest in over 35 years, in analysis dated November 12, 2026.
• The equal-weight S&P 500 (SPW) gained 16.1% year-to-date, versus 11.3% for the traditional S&P 500 (SPX).
• The 4.8-percentage-point outperformance reflects price index returns, excluding dividends.
• Divergence exceeded dot-com bubble levels, with broader market strength contrasting with years of mega-cap technology dominance.
• Greater dispersion creates opportunities for active investors, shifting attention toward individual businesses, earnings power and valuations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Europe Capital Partners SA published the original content used to generate this news brief on November 12, 2026, and is solely responsible for the information contained therein.