In short, Russel has more exposure to material prices, and this is reflected in the ratio of the russel to the S&P, which looks extremely similar to the combined price of oil, copper, and soybeans (just as an example of a simple commodity basket).
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
