Russell 2000 Index peaked in Q4 2021.

$ENSO

ENSOBSC
ENSOUSDT
1.1944
-14.34%

Russell 2000 Index hit a new ATH in Q4 2025. $DUSK

DUSK
DUSKUSDT
0.10472
-2.15%

This is despite the S&P 500 hitting new highs consistently since Q1 2024.

And now, Russell 2000 has finally started to outperform the S&P 500.

If this could happen to small-cap stocks, why can't it happen to alts?