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The Russell 2000 Index is a small-cap U.S. stock market index that makes up the smallest 2,000 stocks in the Russell Index. It was started by the Frank Russell Company in 1984. The index is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group (LSEG).
 Index between 1978–2012 | |
| Foundation | 1984 |
|---|---|
| Operator | FTSE Russell |
| Exchanges | |
| Trading symbol |
|
| Constituents | 1,947 (February 29, 2024) |
| Type | Small-cap |
| Weighting method | Free-float capitalization-weighted |
| Related indices | Russell 3000 Index |
| Website | ftse |
Overview
editThe Russell 2000 is by far the most common benchmark for mutual funds that identify themselves as "small-cap", while the S&P 500 index is used primarily for large capitalization stocks. It is the most widely quoted measure of the overall performance of small-cap to mid-cap company shares. It is commonly considered an indicator of the U.S. economy due to its focus on small-cap companies in the U.S. market. The index represents approximately 7% of the total market capitalization of the Russell 3000 Index.[1] As of 31 December 2022[update], the weighted average market capitalization of a company in the index is approximately $2.76 billion and the median market capitalization is approximately $950 million. The market capitalization of the largest company in the index is approximately $8.1 billion.[2]
It first traded above the 1,000 level on May 20, 2013, and above the 2,000 level on December 23, 2020.
Similar small-cap indices include the S&P 600 from Standard & Poor's, which is less commonly used, along with those from other financial information providers.
| Company | Symbol |
|---|---|
| ADTRAN Holdings, Inc. | ADTN |
| Alight, Inc. | ALIT |
| Championx Corporation | CHX |
| Chart Industries Inc | GTLS |
| Denali Therapeutics, Inc. | DNLI |
| Dorman Products, Inc. | DORM |
| EverQuote, Inc. | EVER |
| Fulton Financial Corp. | FULT |
| Spok, Inc. | SPOK |
| Tilly's, Inc. | TLYS |
| Workiva | WK |
Record values
edit| Category | All-Time Highs[3] | |
|---|---|---|
| Closing | 2,442.74 | Monday, November 8, 2021 |
| Intraday | 2,458.86 | Monday, November 8, 2021 |
Annual returns
edit| Year | Price return | Total return |
|---|---|---|
| 1995 | 26.21% | 28.45% |
| 1996 | 14.76% | 16.49% |
| 1997 | 20.52% | 22.36% |
| 1998 | −3.45% | –2.55% |
| 1999 | 19.62% | 21.26% |
| 2000 | −4.20% | –3.02% |
| 2001 | 1.03% | 2.49% |
| 2002 | −21.58% | –20.48% |
| 2003 | 45.37% | 47.25% |
| 2004 | 17.00% | 18.33% |
| 2005 | 3.32% | 4.55% |
| 2006 | 17.00% | 18.37% |
| 2007 | −2.75% | –1.57% |
| 2008 | −34.80% | –33.79% |
| 2009 | 25.22% | 27.17% |
| 2010 | 25.31% | 26.85% |
| 2011 | −5.45% | –4.18% |
| 2012 | 14.63% | 16.35% |
| 2013 | 37.00% | 38.82% |
| 2014 | 3.53% | 4.89% |
| 2015 | −5.71% | –4.41% |
| 2016 | 19.48% | 21.31% |
| 2017 | 13.14% | 14.65% |
| 2018 | −12.18% | −11.01% |
| 2019 | 23.72% | 25.52% |
| 2020 | 18.36% | 19.96% |
| 2021 | 13.69% | 14.82% |
| 2022 | –21.56% | –20.44% |
| 2023 | 15.09% | 16.93% |
Investing
editMany fund companies offer mutual funds and exchange-traded funds (ETFs) that attempt to replicate the performance of the Russell 2000. Their results will be affected by stock selection, trading expenses, and market impact of reacting to changes in the constituent companies of the index. It is not possible to invest directly in an index.
See also
editReferences
edit- ^ "Index factsheet Russell 2000 Index" (PDF). Retrieved February 23, 2024.
As of January 31, 2024
- ^ "Russell 2000® Index Factsheet". ftserussell.com. December 31, 2022. Retrieved January 11, 2023.
- ^ "Russell 2000 (^RUT) Historical Data - Yahoo Finance".
External links
edit- Russell 2000 Index Fact Sheet
- Russell US Indexes
- Russell Investment Group
- Business data for Russell 2000 Index: