Want to learn more about the S&P 500 Index? Here are five fast facts.
- The S&P 500 Index includes companies that trade on both the Nasdaq and the New York Stock Exchange.
- A committee determines if a company is listed on the index.
- Among the minimum qualifications to be listed are: Having a market cap above $8.2 billion, the value of it’s market cap trades annually, the company is American, and most of the shares are in public hands.
- The historic turnover rate of the index is 4.4%, or approximately 22 companies that drop off each year.
- The total market cap of the 500 companies listed is $33.62 trillion (as of March 2021).