ADX:AMANAT 3 December 2025

May 3, 2026, 8:15 AM EDT. Nasdaq Composite and Russell 2000 indexes show weaker gains and higher volatility following all-time highs compared to the S&P 500. Since 1971, Nasdaq's median one-year gain post-record high is roughly 14%, trailing behind its performance after non-record days. Five-year returns reveal a 21 percentage point gap favoring non-record days. Similarly, the Russell 2000 small-cap index records median one-year gains of 6% after highs versus 11% otherwise, with wider disparities over five years. Risk metrics show Nasdaq experiences more frequent and deeper dips of around 10% following highs. Market structure influences these variances, with the S&P 500's large, stable companies offering steadier returns, while Nasdaq's growth focus and Russell's smaller cap exposure increase volatility. Experts suggest dollar-cost averaging to mitigate timing risks in these less predictable environments.