small cap
Small-Cap Growth UK: Underperforms but Has the Lowest Max Drawdown of Any Exchange (-23.2%)
UK small-cap growth stocks returned 5.26% CAGR over 25 years, beating the FTSE 100 by +4.04%/yr but lagging SPY by -2.59%/yr. The maximum drawdown of -23.15% was the lowest of all 14 exchanges. For investors prioritizing UK exposure with capital protection, that asymmetry matters.
