Research & Insights Results

Sector Effects in the S&P 500®: The Role of Sectors in Risk, Pricing, and Active Returns

In this paper, we examine how the importance of sectors in equities may be assessed over time, in both absolute and relative terms, with a particular focus on the sectors and constituents of the S&P 500.

Sector Performance Matrix 2024

Sector Effects During Elections

What effect do U.S. elections have on different segments of the market?

Sector Classification System: Dow Jones Indices

Beyond Your Typical Sector Strategy: The S&P 500^® Sector Rotator Index Brochure

Beyond Your Typical Sector Strategy: The S&P 500® Sector Rotator Index Brochure

High Yield and Growing Dividends without Sector Bias: The S&P Sector-Neutral High Yield Dividend Aristocrats

Discover an index that aims to strike a balance between dividend growth and attractive yield, while seeking to mirror the sector weights of its benchmark.

Sectors

Our sector indices are always evolving and serve as precise measures of the market segments that drive and respond to market dynamics around the world.

Select Sector

Each Select Sector™ is a highly-liquid index designed to track a major economic sector.

Technology Select Sector

All components of the S&P 500® are assigned to one of the eleven Select Sector Indices, which seek to track major economic segments and are highly liquid benchmarks. Stock classifications are based on the Global Industry Classification Standard (GICS®). Capping is applied to ensure diversification among companies within each index.

Financial Select Sector

All components of the S&P 500® are assigned to one of the eleven Select Sector Indices, which seek to track major economic segments and are highly liquid benchmarks. Stock classifications are based on the Global Industry Classification Standard (GICS®). Capping is applied to ensure diversification among companies within each index.

Industrials Select Sector

All components of the S&P 500® are assigned to one of the eleven Select Sector Indices, which seek to track major economic segments and are highly liquid benchmarks. Stock classifications are based on the Global Industry Classification Standard (GICS®). Capping is applied to ensure diversification among companies within each index.

Energy Select Sector

All components of the S&P 500® are assigned to one of the eleven Select Sector Indices, which seek to track major economic segments and are highly liquid benchmarks. Stock classifications are based on the Global Industry Classification Standard (GICS®). Capping is applied to ensure diversification among companies within each index.

Utilities Select Sector

All components of the S&P 500® are assigned to one of the eleven Select Sector Indices, which seek to track major economic segments and are highly liquid benchmarks. Stock classifications are based on the Global Industry Classification Standard (GICS®). Capping is applied to ensure diversification among companies within each index.

Materials Select Sector

All components of the S&P 500® are assigned to one of the eleven Select Sector Indices, which seek to track major economic segments and are highly liquid benchmarks. Stock classifications are based on the Global Industry Classification Standard (GICS®). Capping is applied to ensure diversification among companies within each index.

EquityNew EconomiesNew Economy Sectors

The S&P Kensho New Economy Sector Indices combine multiple subsector indices to reflect broader innovation concepts that could drive significant economic or environmental opportunities.

Understanding REIT Sectors

Dive into equity REIT sectors and learn which types are more sensitive to different phases of the market cycle.

GICS® Sector Definition

EquityU.S. EquityDow Jones Sectors

Our Dow Jones Sector and Industry Indices measure segments of the U.S. stock market using a proprietary sector classification system.

EquityU.S. EquityS&P Sectors

Our S&P Sector and Industry Indices measure segments of the U.S. stock market as defined by GICS®. GICS enables market participants to identify and analyze companies at four levels of granularity using a common global standard.

Consumer Discretionary Select Sector

All components of the S&P 500® are assigned to one of the eleven Select Sector Indices, which seek to track major economic segments and are highly liquid benchmarks. Stock classifications are based on the Global Industry Classification Standard (GICS®). Capping is applied to ensure diversification among companies within each index.

Health Care Select Sector

All components of the S&P 500® are assigned to one of the eleven Select Sector Indices, which seek to track major economic segments and are highly liquid benchmarks. Stock classifications are based on the Global Industry Classification Standard (GICS®). Capping is applied to ensure diversification among companies within each index.

Communication Services Select Sector

All components of the S&P 500® are assigned to one of the eleven Select Sector Indices, which seek to track major economic segments and are highly liquid benchmarks. Stock classifications are based on the Global Industry Classification Standard (GICS®). Capping is applied to ensure diversification among companies within each index.

Consumer Staples Select Sector

All components of the S&P 500® are assigned to one of the eleven Select Sector Indices, which seek to track major economic segments and are highly liquid benchmarks. Stock classifications are based on the Global Industry Classification Standard (GICS®). Capping is applied to ensure diversification among companies within each index.

Real Estate Select Sector

All components of the S&P 500® are assigned to one of the eleven Select Sector Indices, which seek to track major economic segments and are highly liquid benchmarks. Stock classifications are based on the Global Industry Classification Standard (GICS®). Capping is applied to ensure diversification among companies within each index.

Fixed IncomeU.S. Municipal BondsU.S. Municipal Sector

We offer municipal bond indices segmented by the constituent bonds' sectors.