What is the 'Dow Jones Wilshire Large-Cap Index'

The Dow Jones Wilshire Large-Cap Index was a market-capitalization-weighted index. It is now known as the Wilshire US Large-Cap Index.

BREAKING DOWN 'Dow Jones Wilshire Large-Cap Index'

The Dow Jones Wilshire Large-Cap Index was later rebranded the Wilshire US Large-Cap Index when the partnership between Dow Jones and Wilshire Associates ended. The Dow Jones Wilshire Large-Cap Index was a market-capitalization-weighted index that encompassed the large-cap subset of the Wilshire 5000 Total market Index. The large-cap index contains the top 750 companies as measured by market capitalization.

The Dow Jones Wilshire 5000 Composite Index, also known as the Dow Jones Wilshire 5000 Total Market Index, was the most broadly based U.S. stock index and was previously maintained by Dow Jones Indexes, the small-cap subset of the Dow Jones Wilshire 5000 Composite Index. The Dow Jones Wilshire Large-Cap Index contained the companies ranked one to 750 as measured by market capitalization, as is now done under the name Wilshire U.S. Small-Cap Index. The current market-capitalization-weighted indexes run by Wilshire follow:

  • Wilshire US Large-Cap Index: Stocks ranked 1-750
  • Wilshire US Mid-Cap Index: Stocks ranked 501-1000
  • Wilshire US Small-Cap Index: Stocks ranked 751-2500
  • Wilshire US Micro-Cap Index: Stocks ranked 2501+

Note that the mid-cap index contains stocks that overlap with both the small- and large-cap indexes.

Comparing Dow Jones Wilshire Large-Cap Index with Other S&P Dow Jones Indices

While the Dow Jones Wilshire Small-Cap Index is no longer a Dow Jones product since the partnership between Dow Jones and Wilshire Associates ended, there are many other Dow Jones indices. Current S&P Dow Jones indices include the Dow Jones U.S. Total Market Index, which is a market-capitalization-weighted index maintained providing broad-based coverage of the U.S. stock market. The Dow Jones U.S. Market Index represents the upper 95 percent of the U.S. stock market based on market capitalization and is also known as the Dow Jones U.S. Index. The Dow Jones large-cap, mid-cap, small-cap, value and growth indexes all base their coverage on the Dow Jones U.S. Total Market Index. In total, the Dow Jones U.S. Total Market Index includes about 3,650 U.S. stocks.

Other S&P Dow Jones Indices include the equities indices, the biggest category among S&P Dow Jones Index offerings. These are mostly targeted at a particular market, country or region, but  further categorization is available by a) number of stocks included, b) large, medium or small cap, c) sector or d) concept.

S&P Dow Jones Bond Indices track municipal bonds, corporate bonds, leveraged loans, money markets, sovereign debt and CDS at global, regional or specific market level.

S&P Dow Jones Currency Indices include standard forex rate indices, as well as hedged indices.

S&P Dow Jones Commodity Indices track commodity futures market prices and associated economic indicators.

S&P Dow Jones Real Estate Indices track performance of companies directly operating in the real estate domain and REITs.

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