Even with this objective, using the share prices and not the market cap of the companies involved creates enormous skew. For example UNH and especially GS take

Even with this objective, using the share prices and not the market cap of the companies involved creates enormous skew. For example UNH and especially GS take up the largest individual components despite not being being amongst the largest companies, giving their share movement disproportionate weight in the “index”. Perhaps it made sense 140 years ago but today it belongs in the rubbish.