Stock dispersion in the S&P 500 has not changed over 50 years, proving that indexing has not distorted markets or made stocks move together; the absence of dispersion change is evidence against passive-driven market distortion.

factualpending

Speaker

Rick Ferry

Evidence Quote

you look at the dispersion of returns uh between S&P 500 stocks that hasn't changed to 50 years so indexing isn't doing anything to the market

Source

Passive Investing Has Had a Major Impact on the Market: Here is What It Means for Your PortfolioExcess Returns
Created: 8/11/2026, 6:34:01 AM

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