Summary

• NDX gained just over 33% between 3/30/2026 and 6/3/2026. That compares to gains of 19.4% and 20% in SPY and IWM over the same period.
• Since the decline of ~33% in 2022 (worst annual performance since 2008), the full-year returns for NDX have been exceptional.
• In my opinion, NDX offers the exposure that investors are most interested in. Specifically, a broad-based, large-cap growth index.

By Kevin Davitt, Head of Options Content

Index Options & Type 2 Thinking

The (digital) world is awash with marketing disguised as education. It’s pervasive, often effective, and preys on our primitive instincts. In behavioral terms, it exploits our Type 1 thinking. The