S&P 100

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S&P 100
FoundationJune 15, 1983; 37 years ago (1983-06-15)[1]
OperatorS&P Dow Jones Indices[2]
ExchangesNYSE, NASDAQ
Constituents101[3]
TypeLarge-cap[2]
Market capUS$18.1 trillion
(as of December 31, 2019)[4]
Weighting methodFree-float capitalization-weighted[5]
Related indices
Websiteus.spindices.com/indices/equity/sp-100

The S&P 100 Index is a stock market index of United States stocks maintained by Standard & Poor's.

Index options on the S&P 100 are traded with the ticker symbol "OEX". Because of the popularity of these options, investors often refer to the index by its ticker symbol.

The S&P 100, a subset of the S&P 500, includes 101 (because one of its component companies has 2 classes of stock) leading U.S. stocks with exchange-listed options. Constituents of the S&P 100 are selected for sector balance and represent about 63% of the market capitalization of the S&P 500 and almost 51% of the market capitalization of the U.S. equity markets as of January 2017. The stocks in the S&P 100 tend to be the largest and most established companies in the S&P 500.[6]

History[edit]

The index was started on June 15, 1983.[4]

In 1983, the CBOE created the first index options, based on its own index, the CBOE 100.

In 1993, CBOE created the Chicago Board Options Exchange Market Volatility Index (VIX), which was computed based on the price of S&P 100 options (at the time these were by far the most heavily traded index options). Then in 2003, they changed it to be based on the S&P 500.

Record values[edit]

Category All-Time Highs
Closing 1,675.67 Wednesday, September 2, 2020
Intraday 1,678.91 Wednesday, September 2, 2020

Components[edit]

(as of May 12, 2020[7])

Symbol Name
AAPL Apple Inc.
ABBV AbbVie Inc.
ABT Abbott Laboratories
ACN Accenture
ADBE Adobe Inc.
AIG American International Group
ALL Allstate
AMGN Amgen Inc.
AMT American Tower
AMZN Amazon.com
AXP American Express
BA Boeing Co.
BAC Bank of America Corp
BIIB Biogen
BK The Bank of New York Mellon
BKNG Booking Holdings
BLK BlackRock Inc
BMY Bristol-Myers Squibb
BRK.B Berkshire Hathaway
C Citigroup Inc
CAT Caterpillar Inc.
CHTR Charter Communications
CL Colgate-Palmolive
CMCSA Comcast Corp.
COF Capital One Financial Corp.
COP ConocoPhillips
COST Costco Wholesale Corp.
CRM salesforce.com
CSCO Cisco Systems
CVS CVS Health
CVX Chevron Corporation
DD DuPont de Nemours Inc
DHR Danaher Corporation
DIS The Walt Disney Company
DOW Dow Inc.
DUK Duke Energy
EMR Emerson Electric Co.
EXC Exelon
F Ford Motor Company
FB Facebook, Inc.
FDX FedEx
GD General Dynamics
GE General Electric
GILD Gilead Sciences
GM General Motors
GOOG Alphabet Inc. (Class C)
GOOGL Alphabet Inc. (Class A)
GS Goldman Sachs
HD The Home Depot
HON Honeywell
IBM International Business Machines
INTC Intel Corp.
JNJ Johnson & Johnson
JPM JPMorgan Chase & Co.
KHC Kraft Heinz
KMI Kinder Morgan
KO The Coca-Cola Company
LLY Eli Lilly and Company
LMT Lockheed Martin
LOW Lowe's
MA MasterCard Inc
MCD McDonald's Corp
MDLZ Mondelēz International
MDT Medtronic plc
MET MetLife Inc.
MMM 3M Company
MO Altria Group
MRK Merck & Co.
MS Morgan Stanley
MSFT Microsoft
NEE NextEra Energy
NFLX Netflix
NKE Nike, Inc.
NVDA Nvidia Corporation
ORCL Oracle Corporation
OXY Occidental Petroleum
PEP PepsiCo
PFE Pfizer Inc
PG Procter & Gamble
PM Philip Morris International
PYPL PayPal
QCOM Qualcomm
RTX Raytheon Technologies
SBUX Starbucks Corp.
SLB Schlumberger
SO Southern Company
SPG Simon Property Group
T AT&T Inc
TGT Target Corporation
TMO Thermo Fisher Scientific
TXN Texas Instruments
UNH UnitedHealth Group
UNP Union Pacific Corporation
UPS United Parcel Service
USB U.S. Bancorp
V Visa Inc.
VZ Verizon Communications
WBA Walgreens Boots Alliance
WFC Wells Fargo
WMT Walmart
XOM Exxon Mobil Corp.

Statistics[edit]

The mean free float market capitalization of the S&P 100 is over 3 times that of the S&P 500 ($135 bn vs $40 bn as of January 2017); as such, it is larger than a large-cap index. The "sigma" of companies within the S&P 100 is typically less than that of the S&P 500 and thus the corresponding volatility of the S&P 100 is lower. However, the correlation between the two indices is very high.[8]

Investing[edit]

This index is tracked by the exchange-traded fund iShares S&P 100 Index (NYSE ArcaOEF).

Annual Returns[edit]

The following table shows the annual development of the S&P 100 since 1975.

Year Closing level Change in index

in points

Change in index

in %

1975 50.00
1976 58.23 8.23 16.46
1977 51.03 −7.20 −12.36
1978 52.99 1.96 3.84
1979 55.53 2.54 4.79
1980 68.83 13.30 23.95
1981 59.77 −9.06 −13.16
1982 71.08 11.31 18.93
1983 83.06 11.98 16.85
1984 82.54 −0.52 −0.63
1985 103.01 20.47 24.80
1986 115.55 12.54 12.17
1987 119.13 3.58 3.10
1988 131.93 12.80 10.74
1989 164.68 32.75 24.82
1990 155.22 −9.46 −5.74
1991 192.78 37.56 24.19
1992 198.32 5.54 2.87
1993 214.73 16.41 8.27
1994 214.32 −0.41 −0.19
1995 292.96 78.64 36.70
1996 359.99 67.03 22.88
1997 459.94 99.95 27.76
1998 604.03 144.09 31.33
1999 792.83 188.80 31.26
2000 686.45 −106.38 −13.42
2001 584.28 −102.17 −14.88
2002 444.75 −139.53 −23.88
2003 550.78 106.03 23.84
2004 575.29 24.51 4.45
2005 570.00 −5.29 −0.92
2006 660.41 90.41 15.86
2007 685.65 25.24 3.82
2008 431.54 −254.11 −37.06
2009 514.09 82.55 19.13
2010 565.90 51.81 10.08
2011 570.79 4.89 0.86
2012 646.61 75.82 13.28
2013 823.81 177.20 27.40
2014 908.38 84.57 10.27
2015 911.43 3.05 0.34
2016 991.43 80.00 8.78
2017 1,183.15 191.72 19.34
2018 1,113.87 −69.28 −5.86
2019 1,442.17 328.30 29.47

[9]

See also[edit]

References[edit]

  1. ^ "S&P 100 factsheet" (PDF). Standard & Poor's. Retrieved January 20, 2013.
  2. ^ a b "S&P 100 Overview". S&P/Dow Jones Indices LLC. Retrieved January 20, 2013.
  3. ^ "Data" (PDF). www.spice-indices.com.
  4. ^ a b "Data" (PDF). www.spice-indices.com.
  5. ^ "S&P U.S. Indices Methodology" (PDF). Standard & Poor's. Retrieved May 14, 2016.
  6. ^ S&P 100 fact sheet
  7. ^ "iShares S&P 100 ETF - OEF - US Class". BlackRock.
  8. ^ Rhoads, Russell (23 January 2014). Trading Weekly Options: Pricing Characteristics and Short-Term Trading Strategies. Wiley. ISBN 9781118727171 – via Google Books.
  9. ^ "SP 100 Index Yearly Stock Returns".

External links[edit]