No matter your market view, we have the factors to express it. Whether focusing on established factors or exploring AI-powered strategies for today's evolving markets, investors can access individual and multi-factor solutions across dividends, quality, equal weight, low vol and more.

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The Factor Spectrum

Our single-factor indices track individual non-market risk factors, while our multi-factor indices address a wide range of investor needs by combining two or more factors.

Dividends
Stocks having higher-than-average dividend yields, accounting for dividend quality.
Quality
Stocks with the highest relative quality based on return on equity, accruals ratio and financial leverage.
Equal Weight
Stocks weighted equally rather than by market capitalization at quarterly rebalance.
Low Volatility
Stocks with the lowest relative volatility over a defined time period.
Value
Stocks with attractive valuations based on value scores calculated using three fundamental measures: book value-to-price, earnings-to-price and sales-to-price.
Momentum
Stocks exhibiting the greatest persistence in their relative risk-adjusted performance.
AI-Powered
Using predictive modeling to drive stock selection, these indices account for variables including company-level fundamentals, factors and analyst expectations, as well as sectoral and business-cycle effects.

Styles for a Variety of Investment Objectives

S&P Style Indices

S&P Style Indices are broad and market-cap weighted. This approach makes them relevant to market participants evaluating the skill of active managers or seeking a traditional, long-term index-linked strategy with a tilt toward a particular style.

S&P Pure Style Indices

S&P Pure Style Indices have a stricter definition of growth and value, resulting in more-concentrated style strategies for market participants seeking precise tools. Unlike the standard style indices, they are style-score weighted, and there are no overlapping securities between growth and value.

S&P Enhanced Value Indices

S&P Enhanced Value Indices measure top-tier stocks by value score, and account for both market cap and value score in their weighting.

Multi-Factor Indices: Combining Factors

While powerful individually, factors also can be used in combination to reflect market outlook and investment objectives.

Research & Insights

  • How AI Is Transforming Index Construction: Introducing the S&P 3A Indices

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  • S&P 500 Factor Indices Dashboard

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  • Tracking Next Gen Factors across Economic Regimes

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  • TalkingPoints: Why Dividend and Capital Return Strategies Have Stood Out in 2026

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  • S&P 500 Quality Index: Why Outperformance Is Only Half the Story

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  • The Case for the S&P Dividend Aristocrats in Today’s Market

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