Discontinued Index closes Q2 2026 rose 1.8%

Through Q2 2026, the Discontinued Index moved up incrementally 1.8%, with the closing print at 210.06.

Trading bracketed the index between 206.34 on April 1, 2026 and 210.61 on May 9, 2026.

Annualized realized vol came in at 6.5%.

On a quarter-on-quarter close basis the index moved +1.71% (from 206.52 at the prior quarter-end to 210.06 at this quarter's last trading session).

A +1.8% return outpaces inflation for the quarter. The Discontinued Index delivers modest real gains against the dollar over the period.

Quarter overview

The Discontinued Index tracks 0 components across 0 brands, weighted by 12-month traded volume in our observation set (with a 12% single-component cap and 35% single-brand cap, both enforced at every quarterly rebalance). The full methodology is published at volume-weighting methodology.

Macro context

Setting the Discontinued Index's +1.8% quarter against headline financial-market benchmarks over the same window: the S&P 500 returned 0.0%, spot gold 0.0%, and US CPI moved 0.0% on the quarter. The Discontinued Index thus outperformed all three benchmarks this quarter, delivering real returns above both inflation and the broader equity market.

The investable interpretation runs through the cross-asset framing: on a single-quarter basis the Discontinued Index is more correlated with luxury-spending dynamics than with broad equity beta, so quarter-to-quarter divergence vs the S&P is expected. The cleaner comparison is multi-quarter — over rolling 12-month windows the Discontinued Index family has historically delivered returns within the same band as the S&P with materially lower realized volatility. See Bag vs S&P 500 for the interactive comparator.

Volatility regime

Realized annualized volatility of 6.5% places this quarter in the subdued band for the Discontinued Index. For benchmark reference, the S&P 500 typically realizes 12–18% annualized over comparable quarters; gold realizes 10–15%; the broader Bagonomics universe averages 8–14% across the index family. Lower realized volatility in our indexes reflects the longer cadence of secondary-market price discovery on luxury handbags compared with continuously-traded financial instruments — a structural feature, not a defect of the data.

In risk-adjusted terms, the quarter's 1.8% absolute move on 6.5% annualized vol implies a per-unit-of-risk return of 0.28 — useful as a quick filter for comparing across the index family.

What to watch in the next quarter

Range-bound quarters like this one tend to compress IQR on the underlying components over the following 90-day window; expect tighter pricing dispersion before any directional move.

Methodology

Component-level returns use the 90-day rolling median price ending at the quarter boundary (with a ±30 day tolerance for boundary alignment). Index values are computed daily via a chained Laspeyres-style divisor that absorbs composition changes at quarterly rebalance dates; the chain preserves continuity through additions, removals, and weight changes. Square-root volume weighting compresses the gap between high-volume and low-volume components. Single-component cap is 12%; single-brand cap is 35%. Confidence label is low when fewer than 30 sales feed the underlying aggregate; high from 100. Full write-up at volume-weighting methodology and median and IQR methodology.

*Data snapshot frozen at publication. Underlying aggregations may revise as new sales feed the 90-day window; see the Discontinued Index live page at live Discontinued Index page for current values. This report is statistical analysis, not investment advice — Bagonomics is not an investment advisor.*