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S&P Dow Jones Indices Annual Survey of Assets

Dow Jones Industrial Average
Celebrating 125 years

Since May 26, 1896, the Dow Jones Industrial Average has been determining the performance of the market for 125 years. Created as a simple gauge of stock market performance, this financial and cultural icon has weathered recessions, depressions, bubbles, and expansions through 23 U.S. presidencies, two world wars, and two global pandemics. Through it all The Dow has steadfastly tracked the ups and downs of the U.S. market, and by extension, served as a leading indicator of U.S. and global economic health. Quoted far and wide from Wall Street to Main Street, The Dow is still the number that most investors cite when asked how the market is doing.

S&P Dow Jones Indices Annual Survey of Assets

Asset values as of December 31, 2020
(dollars in millions)

Indexed (1)Benchmarked (2)Total

Non-ETP Assets (3)

ETP
Assets (4)

Total
Indexed Assets

Benchmarked Assets

Asset
Value

Headline Equity Indices

S&P 500

$4,479,770

$946,692

$5,426,461

$8,058,544

$13,485,005

S&P MidCap 400®

133,010

74,166

207,176

90,880

298,056

S&P SmallCap 600®

35,641

63,647

99,288

13,036

112,323

Completion/Total Market

658,585

51,640

710,225

108,255

818,480

Dow Jones Industrial Average®

3,638

28,321

31,959

4,619

36,578

Strategy — Non VIX®

9,133

318,305

327,437

116,272

443,710

Strategy — VIX

–

3,989

3,989

1,601

5,590

Asset value

$5,319,776

$1,486,758

$6,806,535

$8,393,207

$15,199,741

All Other Indices

Sector/Industry

$1,467

$248,546

$250,013

$28,521

$278,534

Target Date

–

–

–

616,802

616,802

S&P Global BMI & Global Indices

67,936

91,387

159,323

826,325

985,648

ESG

6,136

5,575

11,711

54,058

65,769

Fixed Income

34,753

46,787

81,540

1,362,464

1,444,004

S&P GSCI

53

7,121

7,174

2,908

10,082

Total Real Estate

18,619

22,972

41,591

91,436

133,027

Infrastructure

–

–

–

723

723

Other U.S.

19,152

97,958

117,110

10,292

127,402

Asset value

$148,115

$520,346

$668,461

$2,993,529

$3,661,990

Total asset value

$5,467,892

$2,007,104

$7,474,996

$11,386,736

$18,861,732

Indexed (1)Benchmarked (2)Total

Non-ETP Assets (3)

ETP
Assets (4)

Total
Indexed Assets

Benchmarked Assets

Asset
Value

Headline Equity Indices

S&P 500

$4,479,770

$946,692

$5,426,461

$8,058,544

$13,485,005

S&P MidCap 400®

133,010

74,166

207,176

90,880

298,056

S&P SmallCap 600®

35,641

63,647

99,288

13,036

112,323

Completion/Total Market

658,585

51,640

710,225

108,255

818,480

Dow Jones Industrial Average®

3,638

28,321

31,959

4,619

36,578

Strategy — Non VIX®

9,133

318,305

327,437

116,272

443,710

Strategy — VIX

–

3,989

3,989

1,601

5,590

Asset value

$5,319,776

$1,486,758

$6,806,535

$8,393,207

$15,199,741

All Other Indices

Sector/Industry

$1,467

$248,546

$250,013

$28,521

$278,534

Target Date

–

–

–

616,802

616,802

S&P Global BMI & Global Indices

67,936

91,387

159,323

826,325

985,648

ESG

6,136

5,575

11,711

54,058

65,769

Fixed Income

34,753

46,787

81,540

1,362,464

1,444,004

S&P GSCI

53

7,121

7,174

2,908

10,082

Total Real Estate

18,619

22,972

41,591

91,436

133,027

Infrastructure

–

–

–

723

723

Other U.S.

19,152

97,958

117,110

10,292

127,402

Asset value

$148,115

$520,346

$668,461

$2,993,529

$3,661,990

Total asset value

$5,467,892

$2,007,104

$7,474,996

$11,386,736

$18,861,732

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S&P 500®

  • The S&P 500 is the world’s most-tracked index by assets under management

$13.5 trillion in assets

benchmarked or indexed to the
S&P 500

The Dow®

  • The Dow Jones Industrial Average is the world’s most-cited market measure

$18.9 trillion in assets 

benchmarked or indexed to all
S&P Dow Jones Indices 

Notes:

Indexed and benchmarked asset numbers are indicative only. Not all companies respond or choose to be included in S&P Dow Jones Indices’ annual survey, and not all funds report assets. S&P Dow Jones Indices does not guarantee the accuracy of these data. These numbers reflect indexed assets directly linked to the respective S&P Dow Jones Indices index. Numbers included in the table above include assets in active funds that are benchmarked to S&P DJI indices for performance measurement. Synthetically replicated index-based products, such as derivatives and certain over-the-counter structures, are not included

Details may not sum to total due to rounding

(1)

Indexed assets represent assets in institutional funds, ETFs, retail mutual funds, and other investable products that seek to replicate or match the performance of the respective index

(2)

Benchmarked assets represent assets in actively managed funds where the performance of the active manager is measured against the respective index

(3)

Non-ETP assets include mutual funds, institutional funds, separately managed accounts, and insurance products

(4)

Exchange-Traded Products (ETP) include Exchange-Traded Funds (ETFs), Exchange-Traded Notes (ETNs), and Exchange-Traded Commodities (ETCs)

Sources:  S&P Dow Jones Indices client-reported data, eVestment, and Morningstar Inc. Asset values as of 12/31/2020. Table is provided for illustrative purposes