S&P 600
The S&P SmallCap 600 Index, more commonly known as the S&P 600, is a stock market index from Standard & Poor's. It covers roughly the small-cap range of US stocks, using a capitalization-weighted index. As of January 2015, the market capital of companies included in the S&P SmallCap 600 Index ranged from US$ 400 million to US$ 1.8 billion.[1] These smallcap stocks cover a narrower range of capitalization than the companies covered by the Russell 2000 Smallcap index which range from $169 million to $4 billion.[2] The market valuation for companies in the SmallCap Index and other indices change over times with inflation and the growth of publicly traded companies. The S&P 400 MidCap index combined with the SmallCap 600 compose the S&P 1000, and the S&P 1000 plus the S&P 500 comprise the S&P 1500. The index covers roughly three percent of the total US stock market. The index was launched on October 28, 1994.[3]
Investing[edit]
The following exchange-traded funds (ETFs) attempt to track the performance of the index:
- Index Fund: iShares Core S&P Small-Cap ETF (NYSE Arca: IJR)
Vanguard S&P Small-Cap 600 ETF (NYSE Arca: VIOO)
SPDR S&P 600 Small Cap ETF (NYSE Arca: SLY) - Growth Index Fund: iShares S&P Small-Cap 600 Growth ETF (NYSE Arca: IJT)
Vanguard S&P Small-Cap 600 Growth ETF (NYSE Arca: VIOG)
SPDR S&P 600 Small Cap Growth ETF (NYSE Arca: SLYG) - Value Index Fund: iShares S&P Small-Cap 600 Value ETF (NYSE Arca: IJS)
Vanguard S&P Small-Cap 600 Value ETF (NYSE Arca: VIOV)
SPDR S&P 600 Small Cap Value ETF (NYSE Arca: SLYV)
It can be compared to the Russell 2000 Index.[4][5][6]
Versions[edit]
The "S&P 600" generally quoted is a price return index; there is also "total return" version of the index. These versions differ in how dividends are accounted for. The price return version does not account for dividends; it only captures the changes in the prices of the index components. The total return version reflects the effects of dividend reinvestment.
Annual returns[edit]
Annual returns of the S&P 600 Index from its introduction in 1994 to the last completed year are tabulated below.
| Year | Price return | Total return |
|---|---|---|
| 2016 | 24.75% | 26.56% |
| 2015 | -3.36% | -1.97% |
| 2014 | 4.44% | 5.76% |
| 2013 | +39.65% | +41.31% |
| 2012 | +14.81% | +16.33% |
| 2011 | −0.16% | +1.02% |
| 2010 | +24.98% | +26.31% |
| 2009 | +23.78% | +25.57% |
| 2008 | −31.99% | −31.07% |
| 2007 | −1.22% | −0.30% |
| 2006 | +14.07% | +15.12% |
| 2005 | +6.65% | +7.68% |
| 2004 | +21.59% | +22.65% |
| 2003 | +38.79% | |
| 2002 | −14.63% | |
| 2001 | +6.54% | |
| 2000 | +11.80% | |
| 1999 | +12.40% | |
| 1998 | −1.31% | |
| 1997 | +25.58% | |
| 1996 | +21.32% | |
| 1995 | +29.96% | |
| 1994 | −4.77% |
See also[edit]
Notes[edit]
- ^ S&P U.S. Indices Methodology, Jan. 2015, McGraw Hill
- ^ http://www.russell.com/indexes/americas/tools-resources/reconstitution/market-capitalization-ranges.page
- ^ "S&P SmallCap 600 -- Overview". Standard and Poors. Retrieved 2012-08-15.
- ^ Small Caps: S&P 600 Vs. Russell 2000
- ^ http://www.indexuniverse.com/sections/research/6065-a-tale-of-two-benchmarks.html A Tale Of Two Benchmarks
- ^ Index Differences Crucial in Evaluating Small-Cap ETFs - Yahoo Finance Yahoo! Finance
- ^ Standard & Poors white paper, A Tale of Two Benchmarks
- ^ S&P SmallCap 600 Factsheet, [1]
External links[edit]
- Yahoo Finance page for ^SP600
- Bloomberg page for SML:IND
- Standard & Poor's page for S&P SmallCap 600 Index
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