Economic Reflections

Russell 1000 Value 2022 Observations

by | Jun 21, 2022 | Economic Reflections

This sector attribution report for the iShares Russell 1000 Value Index ETF (IWD) covers January 1 – June 20, 2022. The Russell 1000 Value Index measures the performance of the large-cap value segment of the US equity universe, including companies with lower price-to-book ratios and lower expected and historical growth rates (source: Vanguard).

  • Energy is the only positive sector Year-To-Date at +33.35%, contributing 1.70% to the performance of the index while the ETF is down 15.26% during the same period.
  • The non-Energy value stocks in the index have declined over 17% on a weighted average basis, reflecting a significant 50% difference between energy stocks and the rest of the Russell 1000 Value index.
  • Consumer defensive, basic materials, healthcare, and utilities also outperformed the blended indices, though are down 10-13% on the year through June 20.

Source: Morningstar