Biggest contributors and detractors to the S&P’s run (NYSEARCA:SPY)

The broader market is enjoying a strong run to start the year.

“The S&P 500 (SP500) (NYSEARCA:SPY) (IVV) (VOO) returned 7.1% YTD (including dividends), driven by higher multiples and, to a lesser extent, improving fundamentals,” the UBS equity team said. “NVDA contributed 25% of the return this year, with META, MSFT and AMZN combined accounting for an additional 28%.”

“By contrast, AAPL and TSLA detracted 10% from the market’s performance. Across size and style, Growth (+9.5%) (IWF) outperformed Value (+3.8%) (IWD) YTD, given superior fundamentals. Small underperformed Large (+1.5% vs. +7.1%) as multiples have barely budged for Russell 2000 (IWM) names this year.”

Largest S&P 500 contributors year to date:

1. Nvidia (NVDA), price return 59.8%, contribution 1.8%
2. Meta (META), 38.5, 0.74
3. Microsoft (MSFT), 10, 0.7
4. Amazon (AMZN), 16.3, 0.55
5. Eli Lilly (LLY), 29.3, 0.33
6. Berkshire Hathaway (BRK.B), 14.8, 0.24
7. Broadcom (AVGO), 16.5, 0.2
8. AMD (AMD), 30.6, 0.18
9. Netflix (NFLX), 23.8, 0.12
10. Merck (MRK), 16.6, 0.11

Largest S&P 500 detractors year to date:

1. Apple (AAPL), -6.1, -0.41
2. Tesla (TSLA), -18.8, -0.32
3. Boeing (BA), -21.8, -0.08
4. Intel (INTC), -14.3, -0.07
5. UnitedHealth Group (UNH), -6.2, -0.07
6. Adobe. (ADBE), -6.1, -0.04
7. Humana (HUM) -23.5, -0.03
8. Pfizer (PFE), -7.7, -0.03
9. Newmont (NEM), -24.5, -0.03
10. NextEra Energy (NEE), -9.1, -0.03