I remember reading this headline and then going and looking at the XMAG index[0].

YTD: +15.5%

1 year: +9%

Since inception (Oct 2024): +14%

Comparing that with S&P500

YTD: +16.7%

1 year: +13%

Since XMAG inception: +18%

The article should start with such a comparison but it just seems like a lot of text with very little numerical comparison, which makes it not very useful to conclude what the case is.

0: https://www.defianceetfs.com/xmag/

real url https://www.washingtonpost.com/business/2025/11/24/sp500-sto...

So if we look at companies that didn't do as well, we find that they didn't do as well as those that did really well?