Risk-off 2025 brings largecaps back on top after two-year hiatus; what does 2026 hold?

Large-cap stocks are poised to finish 2025 as top performers, outshining mid and small-cap peers and reaffirming their safe-haven status. This year has seen big companies reclaim their defensive edge, a shift from the broader market’s dominance in previous years. Despite a volatile first half, largecaps have shown resilience, with many delivering positive returns.