Rising Small-Cap Tide Helps Lift This Value Portfolio The 2021 Double Net Value Portfolio has had a great first two months as small-cap stocks in general have been hot. Feb 08, 2021 | 11:00 AM EST Less than two months since inception, my 2021 Double Net Value Portfolio has enjoyed a nice run since the January update, rising 12.5%. Microcaps as measured by the Russell Microcap Index are up even more during that stretch (up 14.6%). Since inception, the portfolio is now up 22.9%, better than the Russell 2000 (up 16.7%), but underperforming the Russell Microcap (up 25.6%). Perhaps more importantly, given the portfolio's value orientation, it is currently beating both the Russell 2000 Value Index (up 13.6%) and Russell Microcap Value Index (up 19.7%), although this is still the very early innings and anything can happen over the rest of this year.