This week, we’re launching the iBillionaire Index (NYSE:BILLION), a new way of tracking and monitoring the movements of those who boast the most stock market success: financial billionaires.
iBillionaire Index vs S&P 500
Want to understand how it works? We’ve analyzed our index’s performance against that of the S&P 500 (INDEXSP:.INX). See in the table below how BILLION is composed and how each stock has performed year-to-date.
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Another important piece of information to keep in mind is the sector allocation on our index.
As the last chart shows, BILLION is quite heavily focused on the technology industry, which has been performing extremely well as of late, with stocks like Yahoo! Inc. (NASDAQ:YHOO), Google Inc (NASDAQ:GOOG) and Motorola Solution Inc (NYSE:MSI), which are up +71.21%, +42.96%, and +15.78%, respectively, YTD. The strong performance of stocks like these is part of what accounts or BILLION’s advantage over the S&P.
iBillionaire index portfolio
Finance stocks also represents a major portion of the BILLION portfolio. A few stand-outs in this sector YTD are MetLife Inc (NYSE:MET), which increased +54.11%, CIGNA Corporation (NYSE:CI), up 51.83%, and SLM Corp (NASDAQ:SLM), increasing +51.31%.
The consumer discretionary sector has been on the up-and-up, too, with companies like Netflix, Inc. (NASDAQ:NFLX), which increased +264.95%, Amazon.com, Inc. (NASDAQ:AMZN), climbing +41.26%, and The Goodyear Tire & Rubber Company (NASDAQ:GT), rising +52.72% YTD.
The iBillionaire Index is going strong, thanks in large part to the sectors on which billionaires have placed their bets. Tech and finance, it seems, are where it’s at.
Billion would have outperformed the S&P 500 (INDEXSP:.INX) significantly YTD and over the past three, five and eight years.