Is IDEX Stock Underperforming the Nasdaq?

Northbrook, Illinois-based IDEX Corporation (IEX) is an applied solutions company specializing in a range of applications such as fluid and metering technologies, health and science technologies, and fire, safety, and other products. With a market cap of $12.1 billion, IDEX's operations span the Americas, Europe, and the Indo-Pacific.

Companies worth $10 billion or more are generally referred to as “large-cap stocks.” IEX fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the industrial sector.