The Russell 2000 peaked back in Q4 2021. $ENSO

Fast forward to Q4 2025 — it just hit a fresh all-time high. $DUSK

All this while the S&P 500 has been hitting new highs consistently since Q1 2024.

Now, finally, the Russell 2000 is starting to outperform the S&P 500.

If small-cap stocks can pull off a comeback like this, why shouldn’t alts do the same?