Celebrating 30 Years of the S&P SmallCap 600

This report documents the history and significance of the S&P SmallCap 600, which was launched on October 28, 1994, and has served as a benchmark for the small-cap U.S. equity segment for nearly three decades. The report outlines the index's construction, its performance relative to other indices, and the relevance of small-cap equities to global investors. It details how the S&P 600 has outperformed the S&P 500 in various time periods, despite the dominance of mega-cap stocks in recent years. The report also presents data on the market capitalization of the S&P 600, which is larger than many international markets, and discusses the index's sector weightings, highlighting its focus on domestically sensitive sectors. Additionally, the report examines the correlation of the S&P 600 with U.S. GDP growth and its potential as a diversifier within U.S. equities. The findings are supported by various exhibits that illustrate the index's performance metrics over time.