Russell Small Cap Completeness Index

AAA

DEFINITION of 'Russell Small Cap Completeness Index'

A capitalization weighted index composed of all of the Russell 3000 stocks that are not represented in the Standard & Poor's 500 Index. The index is designed to allow investors to access the broad market for small- and mid-cap stocks without overlapping with commonly held stocks found in the S&P 500.

The Small Cap Completeness Index is recalculated annually to account for both changes in the S&P 500 membership and in the Russell 3000. The average market cap for a member of the index is slightly less than $1 billion.


INVESTOPEDIA EXPLAINS 'Russell Small Cap Completeness Index'

The range of market caps in the Completeness Index is very large; there are member companies with market caps as low as $30 million and those who top $75 billion. This is because some very large companies have yet to be included in the S&P 500, even though their market caps make them eligible.


RELATED TERMS
  1. Russell 2000 Index

    An index measuring the performance approximately 2,000 small-cap ...
  2. Small Cap

    Refers to stocks with a relatively small market capitalization. ...
  3. Market Capitalization

    The total dollar market value of all of a company's outstanding ...
  4. Standard & Poor's 500 Index - S&P ...

    An index of 500 stocks chosen for market size, liquidity and ...
  5. Universe Of Securities

    A set of securities that shares a common feature such as the ...
  6. Russell Top 200 Index

    A market capitalization weighted index of the largest 200 companies ...
RELATED FAQS
  1. How can I buy an S&P 500 fund?

    In 1976, Vanguard introduced individual investors to the first mutual fund designed to mimic the S&P 500 Index. Today ... Read Full Answer >>
  2. How risky are small cap stocks?

    In terms of equity categories based on market capitalization, small caps are the fourth riskiest group out of five. The other ... Read Full Answer >>
  3. Are mid-cap stocks more profitable than large-cap stocks?

    A mid-cap stock may perform better than a large-cap stock. The stock market can be stable or volatile, and many factors affect ... Read Full Answer >>
  4. What are some of the best small cap index funds?

    The best small-cap index funds are the iShares Russell 2000 ETF (IWM), SPDR S&P 600 Small Cap ETF (SLY), Vanguard Russell ... Read Full Answer >>
  5. What factors cause investors to perceive large cap stocks as being low-risk?

    Large-cap stocks, those companies with market capitalizations of $10 billion or more, are common as core holdings in most ... Read Full Answer >>
  6. Does investing in small cap stocks have advantages over investing in big cap stocks?

    The primary advantage of investing in small-cap stocks is significant upside growth potential that is unmatched by mature ... Read Full Answer >>
Related Articles
  1. Investing Basics

    The Five Biggest Stock Market Myths

    Stocks that go down must come up, right? Wrong. We bust this myth and four other common market misconceptions.
  2. Bonds & Fixed Income

    Is Your Portfolio Beating Its Benchmark?

    Compare portfolio manager performance using the information ratio.
  3. Mutual Funds & ETFs

    The Hidden Differences Between Index Funds

    These funds don't all match index returns. Find out how to avoid costly surprises.
  4. Mutual Funds & ETFs

    Index Investing

    Get to know the most important market indices and the pros and cons of investing in them.
  5. Options & Futures

    Key Factors Of The Russell 2000 Index

    The Russell 2000 index represents the small cap universe, with a broad selection of fast growth companies at the bottom end of the capitalization spectrum.
  6. Chart Advisor

    Interested in Growth Stocks? See These 4 ETFs

    Given the rise in popularity of growth ETFs, there are several interesting growth stock choices for investors.
  7. Stock Analysis

    Small-Caps and Dividends: Perfect Together

    For investors, small-caps shouldn’t be just about growth. They can be powerful income tools, as well.
  8. Mutual Funds & ETFs

    Emerging Market ETFs EEM and VWO: Which is Better?

    Based on current conditions, one ETF will look more appealing than the other on the surface, but you always need to look below the surface.
  9. Investing

    What's a Small Cap Stock?

    The “cap” in small cap stocks refers to a company’s capitalization as determined by the total market value of its publicly traded shares. Small cap stocks are generally defined as the stock of ...
  10. Investing

    Are These 2015's Most-Promising Small-Cap Stocks?

    At least one of these small-caps should spike in 2015.

You May Also Like

Hot Definitions
  1. Venture-Capital-Backed IPO

    The selling to the public of shares in a company that has previously been funded primarily by private investors. The alternative ...
  2. Merger Arbitrage

    A hedge fund strategy in which the stocks of two merging companies are simultaneously bought and sold to create a riskless ...
  3. Market Failure

    An economic term that encompasses a situation where, in any given market, the quantity of a product demanded by consumers ...
  4. Unsystematic Risk

    Company or industry specific risk that is inherent in each investment. The amount of unsystematic risk can be reduced through ...
  5. Security Market Line - SML

    A line that graphs the systematic, or market, risk versus return of the whole market at a certain time and shows all risky ...
  6. Tangible Net Worth

    A measure of the physical worth of a company, which does not include any value derived from intangible assets such as copyrights, ...
Trading Center