Recent market data shows alpha vs beta investing strategies diverging as the S&P 500 gains 2.4% in the last month. Alpha-focused funds are capitalizing on tech sector momentum, while beta-driven ETFs reflect broader risk appetite, especially in growth-heavy indexes. Please note: Letters will be edited for style and clarity. Publication is not guaranteed. The best letters are focused on one topic. In the European Union, this material has been approved by either Goldman Sachs Asset Management Funds Services Limited, which is regulated by the Central Bank of Ireland or Goldman Sachs Asset Management B.V, which is regulated by The Netherlands Authority for the Financial Markets (AFM). Sector rotation data supports alpha vs beta investing advantage toward alpha, as concentrated bets in outperforming real estate tech yield faster compounding compared to passive beta’s index-lagging recovery.