Tag Archives: small cap
Beyond Large Caps: Exploring the S&P MidCap 400 and S&P SmallCap 600
The S&P Composite 1500® serves as a benchmark for the U.S. equity market, aggregating the performance of large caps, mid caps and small caps. While the S&P 500® has global relevance, there is a universe beyond the S&P 500 that market participants sometimes overlook. The mid- and small-cap segments, as measured by the S&P MidCap…
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Profitability Matters in Canadian Small Caps
As the S&P/TSX SmallCap Select Index celebrates its fifth anniversary, it’s an opportune time to reflect on the index’s performance, construction and composition compared to the benchmark S&P/TSX SmallCap Index. With a five-year live track record, the select index has demonstrated its ability to measure the Canadian small-cap segment with higher total returns and lower…
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Introducing the S&P SmallCap 600 QVML Top 90% Multi-Factor Index
For market participants seeking to measure small-cap, multi-factor equity premia with greater diversification and historically lower tracking error (TE), S&P DJI has recently launched the S&P SmallCap 600® Quality, Value, Momentum and Low Volatility (QVML) Top 90% Multi-Factor Index. In this blog, we will examine the index construction methodology, historic performance, sector composition and factor…
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Comparing Small-Cap Indices in Developed and Emerging Markets
Not all small-cap indices are identical. Indices within the same market cap range can have varied performance in different markets. We studied the S&P Developed SmallCap and S&P Emerging SmallCap for their performance, volatility, and sector allocation in different market segments. The S&P Global SmallCap is a widely used benchmark representing the global small-cap market….
Study the Performance of Global Size Benchmarks
The S&P Global BMI serves as a benchmark that measures global stock market performance. The index consists of three mutually exclusive and exhaustive size benchmarks: The S&P Global LargeCap, the S&P Global MidCap, and the S&P Global SmallCap. These indices are float market capitalization weighted and reconstituted annually in September, following the same weighting scheme…
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Oscillations in Opportunity
2020 was a year of two reversals for the market. First, equities recovered from the depths of March to finish the year strongly, and second, smaller-cap and value stocks staged a roaring comeback in the final quarter. We can better understand the second reversal by analyzing the market’s distribution of returns and the performance of…
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The S&P Global BMI’s Comprehensive Small-Cap Segment
The S&P Global BMI’s small-cap segment provides the most comprehensive measure of global small-cap securities in the market. Introduced in 1989, the S&P Developed SmallCap was the first global index covering the small-cap size range.1 At the time, international equity investing almost exclusively focused on large- and mid-cap companies, as defined by MSCI’s “Standard” index…
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Do Signals From Earnings Revisions Matter for Size- or Sector-Neutral Fundamental Factor Strategies?
In our earlier blog, “How Important Are Earnings Revisions Signals for Fundamental Factor Strategies in Asia?”, we discussed that the signals from earnings revisions were important for fundamental factor strategies applied across broad markets. They reduced the risk and enhanced the return of the comparable factor portfolios, across the majority of markets. In our research…
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Energy Powers Small Cap And Value In April
In April, the S&P 500 (TR) gained 0.4%, ending its first consecutive monthly loss in almost two years, but the index is still down 0.4% year-to-date (ending April 30, 2018.) Mid caps are also down for the year, -1.0%, after the S&P 400 (TR) lost 0.3% in April. However, Small caps pushed into positive territory, up now 1.6%…
- Categories Equities, S&P 500 & DJIA
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- Equities, S&P 500 & DJIA
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Here’s Why Mid-Caps Matter As The Dollar Drops
The S&P 500 just posted its best January since 1997, and also had its highest measured optimism, a 6.6% risk premium, since October 2015. Whether history repeats itself is yet to be seen, but just a few days after that high risk premium, the stock market topped on Nov. 3, 2015. By December investors saw the…
- Categories Equities, S&P 500 & DJIA
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- Equities, S&P 500 & DJIA
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