Dow Jones Wilshire 5000
The Dow Jones Wilshire 5000 is the most comprehensive measure of the U.S. stock market.
Composed of all U.S. equity securities with readily available prices and leaving out no segment of the market, the Dow Jones Wilshire 5000 and its family of sub-indexes employ a rules-based methodology that features objective and transparent selection criteria and quarterly reviews.
This methodology results in a comprehensive and unified view, that can then be sliced according to sector, size and style. The indexes track separate and distinct universes of components with no overlapping of stocks, so that large- and small-cap growth portfolios can be measured against the growth benchmarks, and large- and small-cap value portfolios can be compared with the value benchmarks.
Dow Jones Wilshire Real Estate Indexes
The Dow Jones Wilshire Real Estate Indexes measure the performance of the publicly traded real estate securities with readily available prices. The Dow Jones Wilshire Real Estate Securities Index (RESI) and the Dow Jones Wilshire Real Estate Investment Trust (REIT) Index are designed to serve as proxies for real estate investment by institutions. The Dow Jones Wilshire Global RESI is a measure of the types of global real estate securities that represent the ownership and operations of commercial or residential real estate. The global index is an expansion of the original U.S. index, developed in 1991. The Dow Jones Wilshire Global REIT Index is a subset of the Dow Jones Wilshire Global RESI and is comprised only of those REITs and REIT-like securities in the larger index. The U.S. and exUS indexes together make up the global indexes.
Dow Jones Wilshire Global Index Family
The Dow Jones Wilshire Global Index Family is the benchmark that maps the broadest available market universe. That means more than 60 countries and more than 98% of global market capitalization. Think of it as a beta of 1 for the world's equity market.
Dow Jones Indexes and Wilshire Associates approached each country as a discrete building block–applying our market-proven methodology to each one and incorporating more stocks overall than any other benchmark. By doing so, we've provided the largest selection pool for increased exposure and improved tactical asset allocation. No longer will managers and their clients be blind-sided by previously unmapped portions of the market.
Moreover, our methodology enables these blocks to be combined seamlessly by sector, size, style1 or region-without gaps, overlaps and a tangle of inclusion/exclusion rules that could result from combining separate indexes from separate vendors. This methodology enables enhanced risk budgeting and attribution with consistent, transparent rules and coverage across global equities. The end result: a total market index that more accurately represents a measure of an active manager's investment universe.
- Dow Jones Wilshire 5000 is designed to represent all U.S. equity securities that have readily available prices.
- Dow Jones Wilshire 4500 Completion Index is a subset of the Dow Jones Wilshire 5000 and excludes components of the S&P 500.
- Dow Jones Wilshire Size Indexes represent capitalization-defined segments of the U.S. equity market: large-cap, mid-cap, small-cap and micro-cap.
- Dow Jones Wilshire Style Indexes represent the distinct style segments of the U.S. equity market: large-cap growth, large-cap value, mid-cap growth, mid-cap value, small-cap growth and small-cap value.
- Dow Jones Wilshire Industry Indexes are designed to provide comprehensive measures of U.S. stocks within each of the ten industries defined by the Industry Classification Benchmark.
- Dow Jones Wilshire Real Estate Security Index (RESI) is designed to provide measures of U.S. real estate securities that serve as proxies for direct real estate investing.
- Dow Jones Wilshire Real Estate Investment Trust (REIT) Index is a subset on the Dow Jones Wilshire RESI and includes only those REIT components of the DJW RESI.
- Dow Jones Wilshire exUS RESI is designed to provide measures of non-U.S. real estate securities that serve as proxies for direct real estate investing.
- Dow Jones Wilshire exUS REIT Index is a subset on the Dow Jones Wilshire exUS RESI and includes only those REIT components of the DJW exUS RESI.
- Dow Jones Wilshire Global RESI is designed to provide measures of world-wide real estate securities that serve as proxies for direct real estate investing.
- Dow Jones Wilshire Global REIT Index is a subset on the Dow Jones Wilshire Global RESI and includes only those REIT components of the DJW Global RESI.
Size indexes (large-cap, mid-cap and small-cap) and industry indexes are available for each index in the global family.
- Dow Jones Wilshire Global Total Market Index represents all issues traded in all global equity markets issues with readily available prices.
- Dow Jones Wilshire 5000 is designed to represent all U.S. equity securities that have readily available prices.
- Dow Jones Wilshire Global exUS Index represents all issues traded in all non USA equity markets issues with readily available prices.
- Dow Jones Wilshire Developed Markets Index represents all issues traded in all developed equity markets issues with readily available prices.
- Dow Jones Wilshire Emerging Markets Index represents all issues traded in all emerging equity markets issues with readily available prices.
- Dow Jones Wilshire Asia/Pacific Index represents all issues traded in all Asia/Pacific equity markets issues with readily available prices.
- Dow Jones Wilshire Americas Index represents all issues traded in all North and South American equity markets issues with readily available prices.
- Dow Jones Wilshire Europe Index represents all issues traded in all European equity markets issues with readily available prices.
- Dow Jones Wilshire Middle East & Africa Index represents all issues traded in all Middle Eastern and African equity markets issues with readily available prices.