Here’s a summary of how the 11 sectors of the S&P 500
SPX,
-0.23%
have performed his year and how forward price-to-earnings ratios compare to valuation levels at the end of 2021:
Sector or index
2023 return
2022 return
Return since end of 2021
3-year return
5 year return
Forward P/E
Forward P/E at end of 2021
Communications Services
32.0%
-39.9%
-21%
22%
55%
16.8
20.9
Information Technology
28.2%
-28.2%
-8%
70%
143%
25.1
28.1
Consumer Discretionary
19.4%
-37.0%
-25%
26%
51%
25.2
34.2
Consumer Staples
2.4%
-0.6%
2%
44%
…
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