Senior Analyst, Global Research & Design, S&P Dow Jones Indices
The Transportation industry group1 provides transportation infrastructure as well as services to move people or goods. To track the industry group’s performance, S&P Dow Jones Indices offers the S&P Transportation Select Industry Index, S&P Transportation Select Industry FMC Index, and the Dow Jones Transportation Average. To address potential weight concentration issues in the FMC-weighted index,…
Not all small-cap indices are identical. Indices within the same market cap range can have varied performance in different markets. We studied the S&P Developed SmallCap and S&P Emerging SmallCap for their performance, volatility, and sector allocation in different market segments. The S&P Global SmallCap is a widely used benchmark representing the global small-cap market….
The S&P Global BMI serves as a benchmark that measures global stock market performance. The index consists of three mutually exclusive and exhaustive size benchmarks: The S&P Global LargeCap, the S&P Global MidCap, and the S&P Global SmallCap. These indices are float market capitalization weighted and reconstituted annually in September, following the same weighting scheme…
The S&P Composite 1500® serves as a benchmark for around 90% of the U.S. equity market and offers a comprehensive perspective on it.1 Companies in the S&P Composite 1500 are classified into sectors based on the Global Industry Classification Standard (GICS®). As with the benchmark, the S&P Composite 1500 Sector Indices are weighted by float-adjusted…
Technological advancements and resulting social transformations have changed our daily lives. Traditional retailers have increased their usage of business channels such as the internet, mail order, and TV home shopping to attract their customers. The trend of this business transition has been reflected in the stock market. Among all the 68 industry indices in the…
On April 13, 2020, the Dow Jones REIT Index Series welcomed a new index—the Dow Jones Equity All REIT Capped Index. The strategy is a subindex of the Dow Jones Equity All REIT Index, which was launched in January 1997. Although both indices were designed to measure the performance of all publicly traded REITs, the…
Despite both indices representing the U.S. small-cap market, the S&P SmallCap 600® has outperformed the Russell 2000 Index in 16 out of 24 calendar years, with an annualized excess return of 1.81%.[1] Prior research by S&P Dow Jones Indices[2] found that inherent differences in index construction drove the historical return differential. Notably, the profitability inclusion…