Technology-focused companies led the way in total return in the 10 years since the market hit bottom amid the financial crisis.
S&P 500 constituent companies as of March 8 had a median total return of 5.3x and had seen median market cap growth of 4.3x, after adjusting for inflation, since the lowest point by closing price on March 9, 2009.
S&P Global Market Intelligence ranked S&P 500 constituent companies as of March 8 based on total returns since 2009. Among the top 25 in that list, there were two companies each from the banking, internet and direct-marketing retail industries — more than any other industries.
Ulta Beauty Inc. had a total return of 71.2x, the highest among the S&P 500, closely followed by Netflix Inc. with a total return of 62.6x. In terms of market capitalization growth, Incyte Corp. led the chart with a 74.0x increase.
By contrast, oil-focused companies had the heaviest representation among the bottom 25 companies by market cap growth among the S&P 500. Oil-and-gas exploration and production companies accounted for six of the bottom 25 and oil-and-gas equipment and services companies accounted for another three. No other sub-industry had more than two companies in the bottom 25.
Apache Corp. was the worst-performing stock with a negative return of -0.3x, along with Devon Energy Corp. and Mosaic Co. with negative returns of -0.3x and -0.2x each. These were the only companies in the current S&P 500 to have negative returns since the 2009 bottom.
Among banks, Fifth Third Bancorp and SVB Financial Group had the highest total returns, at 22.7x and 18.7x.
Did you enjoy this analysis? Click here to set up real-time alerts for data-driven articles on the U.S. financial sector. |