February 2026 Model Performance Report

US:
Within the US Large Cap universe, many models performed well. The Price Momentum model had the strongest one month decile return spread performance, returning 2.85%. Over the US Small Cap universe, almost all the models had positive performance. The QSG Small Cap model had the strongest one month decile return spread performance, returning 5.23%. On the 12-month basis, the Price Momentum model performed best at 9.44% while the performance of the Deep Value model continued to lag.

Developed Europe:
Over the Developed Europe universe, the Price Momentum model returned 3.70% on a one month decile return spread basis. On a 12-month basis, the Deep Value model performed the best, at 29.93% cumulative.

Developed Pacific:
Over the Developed Pacific universe, the models performed well. The Value Momentum model had the strongest one month decile return spread performance, returning 8.29%. On the 12-month basis as well, the Value Momentum model performed best at 15.31% and the performance of the Price Momentum model lagged.

Emerging Markets:
Within the Emerging Markets universe, the Earnings Momentum model returned 1.32% on one month quintile return spread basis. The Deep Value model led over the one-year period, with returns at 24.45%.

Sector Rotation:
The US Large Cap Sector Rotation model returned -3.00%. The Utilities sector had a favorable ranking and the Energy sector had an unfavorable ranking.The US Small Cap Sector Rotation model struggled and earned a return of -6.70%. The Non Cyclicals sector had a favorable ranking and the Energy sector had an unfavorable ranking. The Developed Europe Sector Rotation model also underperformed.

Specialty Models:
Within the specialty model library, the Insurance and the Retail models had the strongest one month quintile return spread performance returning 9.71% and 5.30%, respectively, while the Semiconductor and the Technology models saw weaker returns. The Retail model's one year cumulative performance was the highest at 22.01% while the Technology model's performance was the lowest at -53.92%

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This article was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.