Why do some mid- and small-cap ETFs outperform others? A recent article from ETF.com highlights how benchmark index construction and methodology—especially market cap definitions—can significantly impact ETF performance. Because the CRSP US Mid Cap Index is not constrained by a fixed constituent count (e.g. 500) and adjusts to the market as it evolves, CRSP Index-based ETFs have captured more of the market’s mid-cap momentum, outpacing S&P-linked peers so far this year.