DoubleLine CAPE® and Fortune 500 Strategies to Diversify Stock Exposure in a Concentrated Market
PR Newswire•08/10/2026•09:30 ET
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Key Highlights
- ➤S&P 500 information technology sector approaches 40% of index market capitalization
- ➤S&P 500’s 10 largest companies account for more than 40% of market capitalization
- ➤DoubleLine recommends CAPE® and Barclays Fortune 500 strategies as strategic complements
- ➤CAPE® allocates monthly toward relatively inexpensive sectors with positive momentum
- ➤Barclays Fortune 500 equally weights Fortune 500 companies selected by revenue
Expert Statements
Eric Dhall, DoubleLine Portfolio Manager
“Market concentration alone does not necessarily signal an impending correction”
Ryan Kimmel, DoubleLine Asset Allocation Strategist
“Market concentration alone does not necessarily signal an impending correction”
Eric Dhall, DoubleLine Portfolio Manager
“on the continued outperformance of a few select companies and one sector. The winners of the past are not always the winners of the future, particularly when the winners are trading at material valuation premiums.”
Ryan Kimmel, DoubleLine Asset Allocation Strategist
“on the continued outperformance of a few select companies and one sector. The winners of the past are not always the winners of the future, particularly when the winners are trading at material valuation premiums.”
Eric Dhall, DoubleLine Portfolio Manager
“Strategies based on CAPE®, the Barclays Fortune 500 or both are not replacements for cap-weighted exposure; they are strategic complements”
Ryan Kimmel, DoubleLine Asset Allocation Strategist
“Strategies based on CAPE®, the Barclays Fortune 500 or both are not replacements for cap-weighted exposure; they are strategic complements”
DoubleLine CAPE® and Fortune 500 Strategies to Diversify Stock Exposure in a Concentrated Market PR Newswire
TAMPA, Fla., Oct. 8, 2026 /PRNewswire/ -- A new DoubleLine paper proposes a choice of valuation and equal-weight strategies to complement investors' exposure to the S&P 500 given the index owes nearly 40% of its market cap to the information technology sector and more than 40% to its 10 largest-cap companies.
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