International small cap index returns

The growing proliferation of indexes from index providers, along with a corresponding growing number of index funds and ETFs, creates a number of issues for investors, since the index returns of the different providers result in a dispersion of both yearly and multi-period returns. These return differences are mainly due to the differing methodologies index providers utilize in constructing their indexes. Different benchmarks cover varying ranges of stocks, have different selection criteria for growth versus value, and are even maintained and rebalanced differently.

International Developed Markets Small Cap Index Returns
Indexes: Dow Jones Developed Markets Small Cap Total Stock Market Index; FTSE Developed Small Cap ex-North America Index; MSCI EAFE Small Cap Index; Russell Developed ex-U.S. Small Cap Index; S&P Developed ex-U.S. < $2 Billion Index

FTSE

 * Ishares 2009-2008

MSCI

 * Ishares 2009-2008
 * International Roulette 2007-2001
 * Denver Investments Institutional Concentrated International Small Cap Factsheet, 2000

Russell

 * Russell Periodic Chart 2009-2004

S&P

 * Goldman Sacks Fund Report 2009-2000

Global ex-US Small Cap Index Returns
The Vanguard International Small Cap Index fund is invested in the FTSE Global ex US Index, which includes Emerging Market stocks.

Indexes: Dow Jones Global ex US Small Cap Total Stock Market Index; FTSE Global Small Cap ex US Index; MSCI AC World ex US Small Cap Index ; Russell Global ex-U.S. Small Cap Index; S&P Global Equity ex-U.S. < $2 Billion Index

FTSE

 * Vanguard Benchmarks 2009-2004

MSCI

 * Performance 2009-2007

Russell

 * Russell Periodic Chart, Russell Global Index Market Cap: Growth and Value Index performance, 2007 - 2011

S&P

 * RiverSource Fact sheet 2008-2003

Methodology

 * Dow Jones
 * FTSE
 * Msci
 * Russell
 * S&P