S&P 600

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 US stocks, using a capitalization-weighted index. To be included in the index, a stock must have a total market capitalization that ranges from $600 million to $2.4 billion at the time of addition to the index.[1] As of 31 January 2020, the index's median market cap was $1.13 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.[2] The market valuation for companies in the SmallCap Index and other indices change over time 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 compose the S&P 1500. The index was launched on October 28, 1994.[3]

Investing

The following exchange-traded funds (ETFs) attempt to track the performance of the index:

Index Fund

Growth Index Fund

Value Index Fund

It can be compared to the Russell 2000 Index.[4][5][6]

Versions

The "S&P 600" generally quoted is a price return index; there is also a 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
S&P 600 Index annual returns [7][8]
Year Price return Total return
2019 20.86% 22.78%
2018 −9.75% −8.48%
2017 11.73% 13.23%
2016 24.75% 26.56%
2015 −3.36% −1.97%
2014 4.44% 5.76%
2013 39.65% 41.31%
2012 14.81% 16.33%
2011 −0.16% 1.02%
2010 24.98% 26.31%
2009 23.78% 25.57%
2008 −31.99% −31.07%
2007 −1.22% −0.30%
2006 14.07% 15.12%
2005 6.65% 7.68%
2004 21.59% 22.65%
2003 38.79%
2002 −14.63%
2001 6.54%
2000 11.80%
1999 12.40%
1998 −1.31%
1997 25.58%
1996 21.32%
1995 29.96%
1994 −4.77%
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See also

Notes
  1. S&P U.S. Indices Methodology, Jan. 2015, McGraw Hill
  2. "Russell Investments United States - Multi-Asset Solutions". www.russell.com.
  3. "S&P SmallCap 600 -- Overview". Standard and Poors. Retrieved 2012-08-15.
  4. "Small Caps: S&P 600 Vs. Russell 2000". yahoo.com.
  5. http://www.indexuniverse.com/sections/research/6065-a-tale-of-two-benchmarks.html A Tale Of Two Benchmarks
  6. "Index Differences Crucial in Evaluating Small-Cap ETFs". yahoo.com.
  7. Standard & Poors white paper, A Tale of Two Benchmarks
  8. S&P SmallCap 600 Factsheet


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