This alters its price-earnings ratio. The small-cap Russell 2000 RUT trades at a big discount to the large-cap S&P 500 SPX. Or it fetches a big premium. Everything depends on the data source.

The small-cap Russell 2000 RUT trades at a big discount to the large-cap S&P 500 SPX. Or it fetches a big premium. Everything depends on the data source. Mark Hulbert is a columnist for MarketWatch.

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