# The Russell 2000 jumped more than 12% last month, its best monthly performance since November 2020.

*fintech · news · 2026-05-05 · CNBC*

## Key points

- Bank of America strategists expect small caps to continue outperforming large caps in 2024.
- The iShares US Small-Cap Equity Factor ETF (SMLF) contains over 80% profitable companies versus two-thirds in Russell 2000.
- The Janus Henderson Small Cap Growth Alpha ETF (JSML) has the highest earnings revisions ratio among small-cap ETFs covered by BofA.
- Avantis International Small Cap Value ETF (AVDV) has outperformed U.S. large growth stocks since Covid at lower valuations.

**Companies:** Apple, Bank of America, Jabil, nVent Electric, Bloom Energy, Credo Technology
**Countries:** United States

[Read the full story on CNBC](https://www.cnbc.com/2026/05/05/small-caps-have-more-upside-after-big-april-bank-of-america-says.html)

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