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This column was originally published on RealMoney on Sept. 20 at 2:11 p.m. EST. It's being republished as a bonus for TheStreet.com readers.
It could be argued that it makes no sense to take on single-stock risk if the stock in question can't beat its sector index. A case in point would be the technology sector.
In the last three years, investors have not been rewarded for the extra risk taken by owning individual large-cap tech stocks, particularly the largest.
The chart below compares the biggest Nasdaq tech stocks, along with IBM(IBM Quote), to the iShares Dow Jones U.S. Technology Sector Index Fund (IYW Quote)....
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,471.50 | 1,106.41 | 2,190.31 | 35.40 |
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