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[update], 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.
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)
Guggenheim S&P SmallCap 600® Equal Weight ETF (NYSE Arca: EWSC)
- 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)
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.
|Year||Price return||Total return|
- S&P U.S. Indices Methodology, Jan. 2015, McGraw Hill
- "S&P SmallCap 600 -- Overview". Standard and Poors. Retrieved 2012-08-15.
- Small Caps: S&P 600 Vs. Russell 2000
- http://www.indexuniverse.com/sections/research/6065-a-tale-of-two-benchmarks.html A Tale Of Two Benchmarks
- Index Differences Crucial in Evaluating Small-Cap ETFs - Yahoo Finance Yahoo! Finance
- Standard & Poors white paper, A Tale of Two Benchmarks
- S&P SmallCap 600 Factsheet,