Comparing Iconic Indices: The S&P 500 and DJIA

The S&P 500 and Dow Jones Industrial Average® (DJIA), both of which are designed to track U.S. large-cap companies, are two of the most iconic indices in the world.  These indices have changed the way that investors measure the stock market and benchmark investment portfolios.  They also serve as the basis for some of the world’s most successful index-linked products and derivative contracts.

At the end of 2019, we estimate that there was over USD 11.2 trillion benchmarked to the S&P 500, which includes USD 4.6 trillion passively tracking the index.  In comparison, there was USD 32 billion benchmarked to the DJIA, which includes USD 28 billion in passive assets.

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