Well, September lived up to its reputation as the US stock market got hammered as continued hawkishness by the Fed weighed on markets. The S&P re-entered bear market mode as interest rates climbed. Yields on 2 year Treasuries moved to 4.22% today. At the beginning of the year they were yielding 0.78% This month, value rolled over as the competition for income driven investors made bonds a more attractive option compared to dividend yield stocks. S&P 500 Value portion of the index currently yields 2.42% in comparison to the two years. The Value portion of the index dropped even more than growth with a 8.4 point drop compared to the Growth portions 7.9 point drop.
And in the name of transparency, yes this was me:
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All of the iShares S&P 500 ETFs shown below paid out dividends on 9/30/2022. In order to consolidate info as the post is getting long, I've summarized to just that annual dividend paid out the last 4 quarters.
The market of large cap US stocks (S&P 500) since the end of November: (as of 9/30/2022)
iShares Core S&P U.S. Value ETF (IUSV) price at close 11/30/2021: 71.77
Total Dividends: 1.52
Annual Dividend Yield: 2.12% at purchase/ current 2.42%
Adjusted cost basis: 70.25
Close 9/30: 62.61
Return during that period at the end of September: -10.9%
iShares Core S&P U.S. Growth ETF (IUSG) price at close 11/30/2021: 113.07
Total Dividends: 0.80
Annual Dividend Yield: 0.71% at purchase/current yield 1.00%
Adjusted cost basis: 112.27
Close 9/30: 80.18
Return during that period at the end of September: -28.5%
Overall value has outperformed growth by -17.6% during this time period.
iShares Core S&P 500 ETF (IVV) price at close 11/30/2021: 457.63
Total Dividends: 6.17
Annual Dividend Yield: 1.35% at purchase/current yield 1.72%
Adjusted cost basis: 451.462
Close 9/30: 358.65
Return during that period at the end of September: -20.6%