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The S&P 100 Index is a stock market index of United States stocks maintained by Standard & Poor's.

S&P 100
FoundationJune 15, 1983; 35 years ago (1983-06-15)[1]
OperatorS&P Dow Jones Indices[2]
ExchangesNYSE, NASDAQ
Constituents101[3]
TypeLarge-cap[2]
Market capUS$16.6 trillion
(as of April 30, 2019)[4]
Weighting methodFree-float capitalization-weighted[5]
Related indices
Websiteus.spindices.com/indices/equity/sp-100

Index options on the S&P 100 are traded with the ticker symbol "OEX". Because of the popularity of these options, investors often refer to the index by its ticker symbol.

The S&P 100, a subset of the S&P 500, includes 101 (because one of its component companies has 2 classes of stock) leading U.S. stocks with exchange-listed options. Constituents of the S&P 100 are selected for sector balance and represent about 63% of the market capitalization of the S&P 500 and almost 51% of the market capitalization of the U.S. equity markets as of January 2017. The stocks in the S&P 100 tend to be the largest and most established companies in the S&P 500.[6]

Contents

HistoryEdit

The index was started on June 15, 1983.[4]

In 1983, the CBOE created the first index options, based on its own index, the CBOE 100.

In 1993, CBOE created the Chicago Board Options Exchange Market Volatility Index (VIX), which was computed based on the price of S&P 100 options (at the time these were by far the most heavily traded index options). Then in 2003, they changed it to be based on the S&P 500.

Record valuesEdit

Category All-Time Highs
Closing 1,307.07 Monday, April 29, 2019
Intraday 1,311.46 Wednesday, May 1, 2019

ComponentsEdit

(as of March 2019[7])

Symbol Name
AAPL Apple Inc.
ABBV AbbVie Inc.
ABT Abbott Laboratories
ACN Accenture
ADBE Adobe Inc.
AGN Allergan
AIG American International Group
ALL Allstate
AMGN Amgen Inc.
AMZN Amazon.com
AXP American Express
BA Boeing Co.
BAC Bank of America Corp
BIIB Biogen
BK The Bank of New York Mellon
BKNG Booking Holdings
BLK BlackRock Inc
BMY Bristol-Myers Squibb
BRK.B Berkshire Hathaway
C Citigroup Inc
CAT Caterpillar Inc.
CELG Celgene Corp
CHTR Charter Communications
CL Colgate-Palmolive
CMCSA Comcast Corp.
COF Capital One Financial Corp.
COP ConocoPhillips
COST Costco Wholesale Corp.
CSCO Cisco Systems
CVS CVS Health
CVX Chevron Corporation
DHR Danaher Corporation
DIS The Walt Disney Company
DUK Duke Energy
DOW Dow Inc.
DWDP DowDuPont
EMR Emerson Electric Co.
EXC Exelon
F Ford Motor Company
FB Facebook
FDX FedEx
GD General Dynamics
GE General Electric
GILD Gilead Sciences
GM General Motors
GOOG Alphabet Inc. C
GOOGL Alphabet Inc. A
GS Goldman Sachs
HD Home Depot
HON Honeywell
IBM International Business Machines
INTC Intel Corp.
JNJ Johnson & Johnson
JPM JPMorgan Chase & Co.
KHC Kraft Heinz
KMI Kinder Morgan
KO The Coca-Cola Company
LLY Eli Lilly and Company
LMT Lockheed Martin
LOW Lowe's
MA MasterCard Inc
MCD McDonald's Corp
MDLZ Mondelēz International
MDT Medtronic plc
MET MetLife Inc.
MMM 3M Company
MO Altria Group
MRK Merck & Co.
MS Morgan Stanley
MSFT Microsoft
NEE NextEra Energy
NFLX Netflix
NKE Nike, Inc.
NVDA NVIDIA Corp.
ORCL Oracle Corporation
OXY Occidental Petroleum Corp.
PEP PepsiCo
PFE Pfizer Inc
PG Procter & Gamble Co
PM Philip Morris International
PYPL PayPal Holdings
QCOM Qualcomm Inc.
RTN Raytheon Co.
SBUX Starbucks Corp.
SLB Schlumberger
SO Southern Company
SPG Simon Property Group, Inc.
T AT&T Inc
TGT Target Corporation
TXN Texas Instruments
UNH UnitedHealth Group
UNP Union Pacific Corporation
UPS United Parcel Service
USB U.S. Bancorp
UTX United Technologies
V Visa Inc.
VZ Verizon Communications
WBA Walgreens Boots Alliance
WFC Wells Fargo
WMT Walmart
XOM Exxon Mobil Corp.

StatisticsEdit

The mean free float market capitalization of the S&P 100 is over 3 times that of the S&P 500 ($135 bn vs $40 bn as of January 2017); as such, it is larger than a large-cap index. The "sigma" of companies within the S&P 100 is typically less than that of the S&P 500 and thus the corresponding volatility of the S&P 100 is lower. However, the correlation between the two indices is very high.[8]

InvestingEdit

This index is tracked by the exchange-traded fund iShares S&P 100 Index (NYSE ArcaOEF).

Annual returnsEdit

Year Price return Total return
2018 −5.86% −3.87%
2017 19.34% 21.96%
2016 8.78% 11.37%
2015 0.34% 2.64%
2014 10.27% 12.74%
2013 27.40% 30.39%
2012 13.28% 16.05%
2011 0.86% 3.18%
2010 10.08% 12.51%
2009 19.13% 22.29%
2008 −37.06% −35.31%
2007 3.82% 6.12%
2006 15.86%
2005 −0.92%
2004 4.45%
2003 23.84%
2002 −23.88%
2001 −14.88%
2000 −13.42%

[9]

See alsoEdit

ReferencesEdit

  1. ^ "S&P 100 factsheet" (PDF). Standard & Poor's. Retrieved January 20, 2013.
  2. ^ a b "S&P 100 Overview". S&P/Dow Jones Indices LLC. Retrieved January 20, 2013.
  3. ^ "Data" (PDF). www.spice-indices.com.
  4. ^ a b "Data" (PDF). www.spice-indices.com.
  5. ^ "S&P U.S. Indices Methodology" (PDF). Standard & Poor's. Retrieved May 14, 2016.
  6. ^ S&P 100 fact sheet
  7. ^ "iShares S&P 100 ETF - OEF - US Class". BlackRock.
  8. ^ Rhoads, Russell (23 January 2014). "Trading Weekly Options: Pricing Characteristics and Short-Term Trading Strategies". Wiley – via Google Books.
  9. ^ "SP 100 Index Yearly Stock Returns".

External linksEdit