Everything You Wanted to Know About S&P SmallCap 600 Index

S&P SmallCap 600 Index

The S&P SmallCap 600 Index (S&P 600) is a stock market index established by Standard & Poor’s. It covers roughly the small-cap range of American stocks, utilizing a capitalization-weighted index.

To be included in the index, a stock has to have an overall market capitalization that varies from $850 million to $3.6 billion. These market cap qualification criteria are for addition to an index, not for continued subscription. Consequently, an index constituent that appears to violate requirements for enhancement to that index is not gotten rid of unless ongoing problems necessitate an index adjustment.

Since 31 December 2021, the index’s typical market cap was $1.58 billion and also covered about 3 percent of the complete US stock market. These smallcap stocks cover a narrower series of capitalization than the business covered by the Russell 2000 Smallcap index which range from $169 million to $4 billion. The marketplace appraisal for firms in the SmallCap Index and also various other indices change in time with inflation and also the development of openly traded business. The S&P 400 MidCap index incorporated with the SmallCap 600 make up the S&P 1000, and the S&P 1000 plus the S&P 500 make up the S&P 1500. The index was released on October 28, 1994 and its ticker symbol is either SML or ^ SML.

Investing [S&P SmallCap 600 Index]

The adhering to exchange-traded funds (ETFs) effort to track the performance of the index:

Index Fund [S&P SmallCap 600 Index]

  • iShares Core S&P Small-Cap ETF (NYSE Arca: IJR).
  • Lead S&P Small-Cap 600 ETF (NYSE Arca: VIOO).
  • SPDR S&P 600 Small Cap ETF (NYSE Arca: SLY).

Growth Index Fund [S&P SmallCap 600 Index]

  • iShares S&P Small-Cap 600 Growth ETF (NYSE Arca: IJT).
  • Lead S&P Small-Cap 600 Growth ETF (NYSE Arca: VIOG).
  • SPDR S&P 600 Small Cap Growth ETF (NYSE Arca: SLYG).

Value Index Fund [S&P SmallCap 600 Index]

  • iShares S&P Small-Cap 600 Value ETF (NYSE Arca: IJS).
  • Lead 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.

Variations [S&P SmallCap 600 Index]

The “S&P 600” normally estimated is a cost return index; there are also overall return and also net total return variations of the index. The rate return version does not account for dividends; it just catches the modifications in the costs of the index components.

Frequently asked questions (FAQs) on S&P 600 SMALL CAP INDEX

What Is the Difference Between the S&P 500 and the S&P 600?

The S&P 500 index is a scale of the 500 largest stocks in the U.S. The S&P 600, on the other hand, covers the small-cap range of U.S. stocks.

What is the distinction in between the Russell 2000 as well as the S&P 600?

The Russell 2000 stands for U.S. stocks ranked 1,001 – 3,000 in terms of market capitalization. The S&P 600 represents 600 small cap stocks that satisfy S&P’s addition requirements, for which you will require to head to their internet site for a full description of technique.

What is the best S&P 600 ETF?

The biggest S&P Small Cap 600 Value ETF is the iShares S&P Small-Cap 600 Value ETF IJS with $7.55 B in assets. In the last routing year, the best-performing S&P Small Cap 600 Value ETF was SLYV at 2.05%.

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