The FTSE 100 has a fame for being a little bit of a plodder. Provided that it’s up simply 30% in 10 years, that’s comprehensible.

Nonetheless, if we additionally embody reinvested dividends, the overall return can be 82% over the identical interval, based on Vanguard. That’s a way more respectable return.

Thus far in 2024, the index is up round 6.4%, which means it’s heading in the right direction (with dividends) to barely outperform its 8% historic common. However a handful of FTSE 100 shares definitely aren’t following this single-digit return script. Listed below are two which can be up far more than the typical this yr.

+39.3%

First up is Marks and Spencer (LSE: MKS). The inventory is up almost 40% yr up to now and has now greater than doubled over 5 years.

Following earlier turnaround failures, this administration crew is trumpeting a “new M&S“. Final yr, gross sales jumped 9.4% to £13.1bn, with each meals and clothes segments performing strongly. Working revenue surged 34% to £848.6m.

The corporate has improved its worth proposition with its “Remarksable” vary, which is attracting extra household households (extra groceries) doing the weekly store. Importantly although, the model remains to be retaining its core, extra prosperous buyer base.

One danger right here is its three way partnership with Ocado, which has struggled to show a revenue. There have been reviews of tensions on this on-line grocery partnership. Clearly, this isn’t superb and price maintaining a tally of.

That mentioned, Ocado was the quickest rising grocer for the eighth month operating in September, based on trade information from Kantar. Maybe that is serving to enhance the M&S share price too.

Regardless of its sturdy efficiency, the inventory nonetheless appears to be like fairly priced to me. Primarily based on this yr’s earnings forecast (Marks and Spencer’s monetary yr ends on 31 March), the price-to-earnings (P/E) ratio is 14.3. This drops to 13.2 with subsequent yr’s forecast. Neither a number of seems stretched.

The corporate has additionally restored its dividend and the ahead yield is 1.9%. If I have been seeking to put money into a grocery store inventory, I’d contemplate Marks and Spencer.

+76%

The second inventory that’s demolishing the FTSE 100 (once more) is Rolls-Royce (LSE:RR). It’s up 76% yr up to now, taking the three-year return above 250%.

Like M&S, the agency is a few years right into a profitable turnaround underneath new administration. Earnings are up, margins are increasing, and web debt is down. The dividend can be again.

Extra not too long ago, Rolls’ small modular reactor (SMR) unit has been gathering consideration. In a landmark announcement in September, the Czech Republic’s state utility, ČEZ Group, selected it as the popular provider for its mini-nuclear reactor programme. Its SMR know-how has additionally superior to the subsequent stage of the UK’s choice course of.

Regardless of an anticipated price tag of round £2bn every, these factory-built reactors may see large demand as governments push towards reaching net-zero emissions by 2050. Consequently, it’s tipped to turn into a $295bn trade by the early 2040s.

Nonetheless, this SMR division additionally reportedly misplaced £78m final yr and can want contemporary injections of money by Q1 of 2025. So there’s danger too, particularly if the UK’s choice course of drags on for much longer.

I invested in Rolls-Royce at a a lot decrease price a few years again. I’m completely happy to maintain holding my shares.