US completion index returns
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.
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.
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.
The following table provides the inception date for each index, as well as the initial date for any backdated data.
|Index Provider||Inception||Backdate data|
|Dow Jones ||2009||1987|
- 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.
- Indexing in the 21st Century: Portfolio Solutions Inc.
- The case for indexing, Christopher B. Philips, Vanguard research, 2011, pp.13. Viewed January 21, 2015.
- TSP S Fund 2009 Factsheet 2009 , Dow Jones Indexes access to current factsheet
- Russell Index Returns Calculator 2000 forward
- Vanguard benchmarks 2006 forward
- Wilshire Returns Calculator 1984 forward
- Dow Jones Indexes Introduces Total Stock Market Index Family
- Determining the appropriate benchmark: A review of major market indexes Christopher B. Philips, C. William Cole and Francis M. Kinniry Jr.,Vanguard Research (April 10, 2010).
- The Case For Indexing, Christopher B. Philips and Frank J. Ambrosio, Vanguard Investment Counseling & Research (February, 2011).
- Dow Jones Total Stock Market Index℠
- S&P Completion Index
- Wilshire 4500 Completion Index