“双指数”落地一周，表现有何不同？

Core Viewpoint - The article discusses the performance and characteristics of the BeiZheng Specialized and Innovative Index and the BeiZheng 50 Index, highlighting their differences in trading frequency, adjustment impact, and market performance over time [1][3]. Group 1: Index Characteristics - The BeiZheng Specialized and Innovative Index has a rebalancing frequency that is half of that of the BeiZheng 50 Index, but the adjustment ratio is double, leading to similar turnover rates [1]. - Both indices share 27 overlapping constituent stocks, indicating a significant degree of similarity in their composition [1]. Group 2: Market Performance Comparison - From June 28 to September 24, the BeiZheng Specialized and Innovative Index fell by 7.94%, while the BeiZheng 50 Index dropped by 12.67%, demonstrating superior performance of the former [3][4]. - During the rebound on July 16 and 17, the BeiZheng Specialized and Innovative Index rose by 4.75% and 8.13%, respectively, compared to the BeiZheng 50 Index's increases of 2.68% and 7.20% [3][4]. - From September 25 to November 8, both indices saw significant gains, with the BeiZheng Specialized and Innovative Index increasing by 136% and the BeiZheng 50 Index by 125%, indicating closely aligned performance [6]. Group 3: Volatility and Recovery - Between November 11 and January 6, both indices experienced a pullback of 26% and 28%, respectively, with the BeiZheng Specialized and Innovative Index performing slightly better due to its prior gains [8]. - From January 7 to March 18, the BeiZheng Specialized and Innovative Index outperformed the BeiZheng 50 Index, with respective increases of 54% and 43% during this period [10]. Group 4: Future Implications - The article suggests that the BeiZheng Specialized and Innovative Index serves as a better early indicator in a bull market, with its leading position potentially signaling accelerated market growth [12]. - The relationship between the two indices is characterized by a "this rises, that falls" dynamic, which may become a core indicator in the dual-index era of the BeiZheng market [12].