Tag Archives: factors
When Resilience Resonates: The S&P 500 Resilient Shareholder Yield Index
In a market defined by shifting cycles, tightening financial conditions and an increasingly high bar for corporate discipline, resilience isn’t just a desirable trait—it’s a differentiator. The S&P 500® Resilient Shareholder Yield Index identifies companies that balance rewarding shareholders with the financial strength needed to sustain those rewards over time. Its shareholder yield framework aggregates…
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A New Generation of Buyback Indices: Introducing the S&P 500 Buyback Aristocrats Index
The latest addition to the S&P Aristocrats Index Series, the S&P 500® Buyback Aristocrats Index represents a new generation of buyback indices. This index tracks companies that have consistently reduced their common shares outstanding for at least 10 consecutive years—a rare achievement that signals disciplined capital management, financial strength and a steadfast commitment to shareholder…
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S&P Global Dividend 100 Index: Where High Yield Meets Quality
When selecting a high yield dividend strategy, headline yield matters—but so does the strength of the companies delivering it. The ability to sustain and grow dividends over time often depends on underlying business quality. Companies with strong profitability and resilient cash flows are typically better positioned to increase payouts and support long-term price performance. To…
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Quality over Quantity: Features of the S&P 500 Quality Index
Beyond being a familiar adage, “quality over quantity” lies at the heart of quality-based investing. Rather than concentrating on the largest stocks, quality indices systematically tilt toward companies with strong profitability, high earnings quality and robust balance sheets. Over the long term, the S&P 500® Quality Index has delivered impressive absolute and risk-adjusted returns as…
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The Momentum Factor: Continuing to Thrive beyond U.S. Borders
Last August, we published a blog highlighting the impressive H1 2025 performance of the S&P World Ex-U.S. Momentum Index compared to both its benchmark universe and the S&P 500®. This strong momentum persisted through the remainder of 2025, with the S&P World Ex-U.S. Momentum Index closing the year with an impressive 43.22% gain (see Exhibit…
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Big Tech, Breadth and Balance
U.S. equity markets have been whipsawed in the past few days, with initial optimism surrounding Big Tech earnings powering the S&P 500® to an intraday high, and subsequent disappointing reactions to earnings coupled with the Fed’s decision to hold rates steady leading to a sharp retreat for The 500®. The pullback in Tech and the…
Fashionably Late Cycle: The S&P 500 Market Leaders Index
The late-cycle economy is defined as the final phase of the macroeconomic cycle when economic activity hits its peak. The period is characterized by high but slowing growth, rising inflation that may affect profit generation, a tight labor market and volatility in interest rates. Given these conditions, many market participants are considering how best to…
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Inside the Annual Style Indices Rebalance: Methodology, Process and Outcomes
The S&P U.S. Style Indices completed their annual rebalance in December 2025. Exhibit 1 shows that the 2025 changes were less pronounced than prior years: turnover for the S&P 500® Growth and S&P 500 Value was lower than the past three annual rebalances. Nonetheless, there were several shifts in index composition. The most significant movement was…
A Fundamental Approach to Weighting Stocks: The S&P 500 Revenue-Weighted Index
The S&P 500® Revenue-Weighted Index assigns company weights based on revenue rather than market capitalization. By anchoring weights to revenue, the index may help reduce concentration risk, limit weights in higher-valued stocks and increase representation of companies that generate more sales. In this blog, we review the index’s performance characteristics, valuation metrics and diversification profile….
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Factors for All Markets
Recently, much of the financial media has been occupied with discussing the potential of a bubble in markets. Some have compared the current sentiment to the “animal spirits” of the late 1990s.1 Proponents of this view cite stretched valuations, retail-driven speculation and the circularity of transactions as evidence to support their claims. Whether or not…
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