Key points
IWM/QQQ weekly ratio (2022-2026) ｜ The ratio has dropped to 0.38, a multi-year low, down sharply from about 0.66 in 2022 as small caps keep lagging
Image source: @ConnorJBates_
2026-09-25
Small-Cap-to-Nasdaq-100 Ratio (IWM/QQQ) Falls to 0.38, a Multi-Year Low