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 31 January 2017, the market capital of companies included in the S&P SmallCap 600 Index ranged from US$ 400 million to US$ 1.8 billion. The index's median market cap was almost $1.1 billion and covered roughly three percent of the total US stock market. 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. 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 was launched on October 28, 1994.
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Investing
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.
Small Cap Stock Index Video
Versions
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
Source of the article : Wikipedia
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