Following The 2011 Path

One market meme this year is how closely the the S&P 500 has resembled the same path it took in 2011. Versions of the chart below have been published nearly everywhere.

2011 and 2015

Running daily 2015 year-to-date market performance against all historical years will tell usĀ if 2011 really is the closest to the current year’s activity. S&P 500 annual performance since 1928 is plotted below, with 2011 and 2015 highlighted.

SPX Years

Indeed, we find that 2011 has the highest correlation to 2015 of all historical years.

Correlations

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