Dow Jones Indices: 62–63Index Solutions: Basis for a Range of Investment Vehicles
ETFs Linked to S&P Dow Jones Indices
Exchange-traded funds (ETFs)—which represent share ownership of an index fund but trade like shares of stock—have become some of the most actively traded securities on stock markets around the world.
18% 7-year CAGR in ETF AUM based on S&P Dow Jones Indices
S&P Dow Jones Indices offerings serve as the basis for ETFs, futures, options, and other investable products around the world
ETFs
The launch of the SPDR S&P 500 ETF (Symbol: SPY) put S&P Dow Jones Indices at the forefront of ETF development. Launched in January 1993, SPY was the very first exchange-traded fund listed in the U.S.
SPY, IVV, and VOO are included among the world’s largest ETFs and, when combined, have more than $1.8 trillion in assets for year ending 2024
ETFs based on indices that consist of companies in the S&P 500 as classified by sector according to the Global Industry Classification Standard (GICS®)
Fixed Income ETFs, one based on U.S. investment grade corporate bonds (LQD) and the other based on U.S. high yield corporate bonds (HYG)
Exchange-Traded Derivatives
S&P Dow Jones Indices has been an important contributor to the exchange-traded derivatives market since the introduction of the S&P 500 futures contracts by CME in 1982 and the S&P 100 and S&P 500 options by Cboe in 1983.
Represents a fraction of the value of a corresponding standard futures contract
Gives the right to buy or sell the value of the S&P 500 at the stated exercise price
Based on the Cboe Volatility Index (VIX®), the leading measure of the stock market’s expectation of volatility, as implied by S&P 500 options
Sources:
Morningstar and S&P Dow Jones Indices
Bloomberg (2003), Morningstar (2017–2024). The joint venture was established in June 2012.
Morningstar
Chicago Mercantile Exchange
Cboe Global Markets
Cboe Global Markets. Contract volume may be based on preliminary reported volume rather than cleared volume