Comment by kaycebasques
7 hours ago
This also means that the pre-2018 index had a fundamentally different portfolio of companies. So comparing today to anything pre-2018 is apples-to-oranges
I recall that there's an "extended tech" ETF that does a pretty good job of actually capturing the whole IT universe. Pretty sure I'm thinking of IGM: https://www.ishares.com/us/products/239769/ishares-north-ame...
> This also means that the pre-2018 index had a fundamentally different portfolio of companies
o true. this is a classic reporting/analytics yoy comparison type blunder, that actually makes graph in OP kind of meaningless. much more surgical comparison is needed here. now i cant help but chuckle at the total absolute that is the headline lol. grab all "IT flavored" companies that exist today, find the ones that existed then, then compare valuations between those two periods. perhaps ignore the S&P "IT" classification entirely since that groupings definition is apparently now just a moving target between 2018 & now :shrug:
> Pretty sure I'm thinking of IGM:
actually really cool thanks for putting this on my radar
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