A breakdown of the YTD market cap growth of the S&P 500

The chart shows the change in the S&P 500's market capitalization, which is a good proxy for the returns calculated by S&P.

This "simple" market capitalization change is up 9.16% YTD.

3.58% of this is gain NVDA. That's 39% of the S&P 500's gain YTD!

AMZA, MSFT, and META account for another 1.41% of the S&P 500's gain YTD, or 15%.

54% of the S&P 500's gain YTD is just four stocks!

These four stocks account for just 19% of the total market capitalization for the S&P 500.