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Center for Research in Security Prices
The FTSE Global Equity Index Series
S&P Dow Jones Indices
Morgan Stanley Capital International 
Fixed Income Indexes

S&P Dow Jones Indices’ benchmark methodology


S&P Dow Jones Indices LLC (SPDJI) provides investors with a comprehensive suite of indexes around the world, covering approximately 12,000 securities in more than 80 countries. First published in 1957, the S&P 500 is the foremost gauge of large-cap U.S. equities.

The goal of S&P Dow Jones Indices’ U.S. equity index methodology is to provide an accurate reflection of the equity market and the overall U.S. economy. S&P Dow Jones Indices’ U.S. indexes enjoy nearly unparalleled brand recognition and respect for their building-block design, unique style evaluation and liquidity.

S&P Dow Jones Indices website

Vanguard ETFs and their S&P Dow Jones Indices benchmarks

Vanguard ETF


Target index

Total expense ratio

Dividend Appreciation ETF


S&P U.S. Dividend Growers Index TR


Extended Market ETF


S&P Completion Index


Global ex-U.S. Real Estate ETF


S&P Global ex U.S. Property Index


International Dividend Appreciation ETF


S&P Global Ex-U.S. Dividend Growers Index (USD) NTR


S&P 500 ETF


S&P 500 Index


S&P 500 Growth ETF


S&P 500 Growth Index


S&P 500 Value ETF


S&P 500 Value Index


S&P Small-Cap 600 ETF


S&P SmallCap 600 Index


S&P 500 UCITS ETF (USD) Accumulating


Standard and Poor’s 500 Index


S&P 500 UCITS ETF (USD) Distributing


Standard and Poor’s 500 Index



S&P® and S&P 500® are registered trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by S&P Dow Jones Indices LLC and its affiliates and sublicensed for certain purposes by Vanguard. The S&P Index is a product of S&P Dow Jones Indices LLC and has been licensed for use by Vanguard.  The Vanguard Fund(s) is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates, and none of S&P Dow Jones Indices LLC, Dow Jones, S&P nor their respective affiliates makes any representation regarding the advisability of investing in such product(s).

The Dow Jones indexes (the "Indexes") are products of Dow Jones Indexes, licensed trademarks of CME Group Index Services LLC ("CME"), and have been licensed for use. "Dow Jones®" and "Dow Jones Indexes" are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones"), have been licensed to CME, and have been sublicensed for use for certain purposes by The Vanguard Group, Inc. The Vanguard Group Inc.'s funds and/or ETFs based on the Indexes are not sponsored, endorsed, sold or promoted by Dow Jones, CME or their respective affiliates and Dow Jones, CME and their respective affiliates make no representation regarding the advisability of investing in such product(s).

All investments, including those that seek to track indexes, are subject to risk, including the possible loss of principal. Diversification does not ensure against a profit or protect against a loss in a declining market. While ETFs are designed to be as diversified as the original indexes they seek to track and can provide greater diversification than an individual investor may achieve independently, any given ETF may not be a diversified investment. Foreign investing involves additional risks, including currency fluctuations and political uncertainty.

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