YTD: +15.5%

1 year: +9%

Since inception (Oct 2024): +14%

Comparing that with S&P500

YTD: +16.7%

1 year: +13%

Since XMAG inception: +18%

The article should start with such a comparison but it just seems like a lot of text with very little numerical comparison, which makes it not very useful to conclude what the case is.

0: https://www.defianceetfs.com/xmag/

* https://www.spglobal.com/spdji/en/indices/equity/sp-500-equa...

* https://www.ishares.com/ch/professionals/en/products/328658/...

* https://www.invesco.com/ca/en/financial-products/etfs/invesc...

US equity markets / stocks look to have outperformed other markets over the last few years, it may be more that US tech stocks have been the outperformers (rather than US stocks generally):

> Looking at this data, there are two distinct periods of extended U.S. outperformance—the late 1990s and today. And what do these two periods have in common? The rise of U.S. technology stocks. Bespoke Investment Group recently created this chart illustrating this phenomenon:

> Now that the U.S. technology sector makes up over 30% of the S&P 500 (as it did back in 2000), this begs the question: Is U.S. outperformance just a technological fad?

* https://ofdollarsanddata.com/do-you-need-to-own-internationa...

Reminder that US stocks can do badly (and the only thing that could save US domestic investors is bonds):

* https://www.forbes.com/sites/investor/2010/12/17/the-lost-de...

Does the S&P 493 reveal a different economy or does it reveal that the author published an article based on feelings instead of research?

Isn't the interesting question now: what follows? Or does history end with Mag7?

they won't even show a chart in the article. 493 is up ... look at a 2025 5y chart. not that "basically flat" (actually 2023) chart google tries to feed you as a top result.