US completion index returns

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US completion index returns chronicles the annual returns of US stocks making up completion indexes (used to complement the S&P 500 index to gain total stock market exposure) as measured by stock indexes.

Fig.1. Index Strategy Box[1]

The growing proliferation of indexes from index providers, along with a corresponding growing number of index funds and exchange-traded funds (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. Dispersion of returns is not as considerable an issue with total market indexes, but as we go into style and smaller size indexes, dispersion of return increases in magnitude. 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.[2]

Each index provider's suite of index funds occupies the highlighted segment of the Index Strategy Box.



Completion index returns

The completion indexes contain all the stocks in the corresponding total market index [note 1] except those in the S&P 500 index.

Table. [3][4][5][6]


Indexes: Dow Jones U.S. Total Stock Market Completion Index; Russell Small Cap Completeness Index; S&P Completion Index; Wilshire 4500 Index
(View Google Spreadsheet in browser, then File --> Download as to download the file.)


The following table provides the inception date for each index, as well as the initial date for any backdated data.

Index Inception Dates
Index Provider Inception Backdate data
Wilshire 1974 1971
Russell 2000 2000
S&P 2006 2006
Dow Jones [7] 2009 1987

Notes

  1. The corresponding total market index includes the Dow Jones U.S. Total Stock Market Index; the S&P Total Market Index; and the Wilshire 5000 Index. See US total market index returns for historical returns for these indices.

See also

References

External links

Methodologies