American Association of Individual Investors

American Association of Individual Investors

Is the Small-Cap Value Premium Dead?

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AAII
Oct 26, 2026
∙ Paid

Paul Merriman leads a class in AAII’s new Essential Investing Video Course. Go to https://www.aaii.com/ves for more information and to subscribe.

  • Learn how historical small-cap value returns compare with those of the S&P 500 index

  • Explore how small-cap value allocations have affected portfolio returns, diversification and risk

  • Understand the behavioral challenges, costs and complexities to consider when deciding how much small-cap value to own

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