Below we list the performance of the various categories of the TSX 60 as compared to the Toronto Stock Exchange from January 1, 2019 to September 27, 2019.
The best performing group was the top 1,2,3 stocks which gained +77.56% year to date. The worst performing group was the top 1,2,3 stocks in the lowest p/e ratio category.
On January 1, 2019, we said the following of the TSX 60:
“Unlike the Dogs of the Dow, The Dogs of the TSX 60 have the best performers in the ‘high yield,’ ‘low p/b,’ and ‘low p/e.’ Our preference is for stocks within the low yield grouping.”
The lowest yielding stocks performed as expected by coming close to matching the index in the top ten and beating the index in the remaining grouping.
The category to beat going forward is the lowest p/b group.