4 ms·
That's not true. It's MOSTLY large cap US stocks, but it has some mid-caps, pretty much regardless of how you define mid-caps.
by zie 4y ago
That's not true. It's MOSTLY large cap US stocks, but it has some mid-caps, pretty much regardless of how you define mid-caps.
- loeg 4y agoS&P publish a mid-cap index: the S&P400. It doesn't overlap the S&P500[1]. You have to have a generous definition of mid-cap to describe even the smallest S&P500 component as mid-cap. The 500th component has a market cap of ~$6B. Regardless, they're all US stocks; the comment I was responding to claimed they were not. [1]: https://www.spglobal.com/spdji/en/images/campaign/707133-us-core-diagram-1358x508-1x.png https://www.spglobal.com/spdji/en/images/campaign/707133-us-...
- zie 4y agoLOL. First the S&P 500 captures 80% of the entire US market, 80%! [0] Second, 6B is well within the middle of the Mid-cap range for at least one common definition: "Mid-cap (or mid-capitalization) is the term that is used to designate companies with a market cap (capitalization)—or market value—between $2 and $10 billion. " [1] Now some people might define mid-cap differently(and S&P tries to), but that doesn't change the math. If 80% of the US market is the S&P 500, then by definition some mid-cap has to be in there, or one has a very distorted view of what the middle means. US public companies are giant these days. Of course there are mid-cap only indexes(and funds), that has nothing to do with the S&P 500 though. As for all US stocks, it definitely depends on how one defines a US stock. S&P obviously has their definition, and it may or may not agree with your personal definition, but I generally agree that the S&P 500 is basically US companies. 0: https://www.spglobal.com/spdji/en/indices/equity/sp-500/#overview https://www.spglobal.com/spdji/en/indices/equity/sp-500/#ove... 1: https://www.investopedia.com/terms/m/midcapstock.asp https://www.investopedia.com/terms/m/midcapstock.asp