Many micro-cap securities don’t trade with enough volume to be efficiently included in products such as index funds and exchange-traded funds (ETF). Top public companies are: Apple, Microsoft, Visa, Johnson & Johnson, Walmart By using Investopedia, you accept our. Named for the nearly 5,000 stocks it contained at launch, the Wilshire 5000 Total Market Index (TMWX) is a broad-based market capitalization-weighted index composed of 3,451 publicly traded companies that meet the following criteria: it is a U.S. based company; listed on a U.S. stock exchange; with publicly available stock pricing data. Added up, the Dow Jones U.S. Total Market Index includes about 3,650 US stocks that trade on the U.S. stock exchanges; it includes large-, mid-, small- and micro-cap companies. The Wilshire 5000 Total Market Index (TMWX) is a market capitalization-weighted index that seeks to represent the broad U.S. equity market. The weighting methodology of Dow Jones is based on the price of Dow 30 Stocks adjusted by dividend and stock splits. The index tracks the performance of the 3,000 largest U.S.-traded stocks which represent about 98% of all U.S incorporated equity securities. For instance, that can leave out many micro-cap stocks, which are the smallest companies that trade on stock exchanges. They can be especially useful for spotting long-term trends. What is the Dow Jones U.S. Total Market Index? The offers that appear in this table are from partnerships from which Investopedia receives compensation. Index." The Dow Jones U.S. Total Market Index (DWCF) is a market-capitalization-weighted index Dow Jones Indexes maintains that provides broad-based coverage of the U.S. stock market. As an extremely broad index, the fund is further sliced by Dow Jones to create distinct sub-indexes that track every major segment of the market, according to stock size, sector, and others. The Dow Jones U.S. Total Market Index is also known as the "Dow Jones U.S. List of the largest companies included in the Dow Jones index by market capitalization. S&P/Citigroup Broad Market Index (BMI) Global is a global stock index weighted by market capitalization that excludes U.S. companies. Understanding the Dow Jones U.S. Total Market Index, Wilshire 5000 Total Market Index (TMWX) Definition, S&P/Citigroup Broad Market Index (BMI) Global. Dow Jones Industrial Average sorted by stock weight and by stock name. The other most prominent total market indexes besides the Dow Jones U.S. Total Market Index include the Wilshire 5000 Total Market Index and the CRSP US Total Market Index. The index does not include foreign securities, exchange-traded products, or other investment companies. Broad market indexes only include securities with reasonable size and liquidity so that they can be purchased in an institutional size portfolio. The number does not include foreign securities, exchange-traded products, or other investment companies. The DWCF includes about 3,650 US stocks that trade on the U.S. stock exchanges. Dow Jones Index Companies List , Top Dow Jones Index companies by Market Capitalization as on Jan-01-2020. Each sort shows stock weight and bar graph. Broad market indexes are not always total market indexes. The index, a member of the Dow Jones Total Stock Market Indices family, is designed to measure the performance of large-cap U.S. equity securities. All of the indexes are created and maintained according to an objective and transparent methodology with the fundamental aim of providing reliable, accurate measures of U.S. equity performance. The market capitalization sometimes referred as Marketcap, indicates the value of a publicly listed company. The Dow Jones large-cap, mid-cap, small-cap, value, and growth indexes are constructed from the stock constituents of the Dow Jones U.S. Total Market Index. Access premium data, personalize your experience, and sign up to receive email updates. All three indexes are float-adjusted and capitalization-weighted. Indexes react to actual trades, and while investors may trade on the expectation of good or bad news, indexes are mathematical calculations that have nothing to do with emotion. In that respect, stock indexes may be more valuable for providing a historical perspective than they are a means of forecasting future market movement. This list includes investable products traded on certain exchanges currently linked to this selection of indices. The Dow Jones U.S. Market Index (DWCF) is a total market index that represents the top 95% of the U.S. stock market based on market capitalization. Dow Jones Asian Titans 50 Index is a market capitalization-weighted index designed to capture the blue-chip leaders of the Asia Pacific region. The Russell 3000 Index is another market-capitalization-weighted equity index maintained by FTSE Russell that provides exposure to the entire U.S. stock market. The weightings for each sector of the index are rounded to the nearest tenth of a percent, therefore, the aggregate weights for the index may not equal to 100%. Added up, the Dow Jones U.S. Total Market Index includes about 3,650 US stocks that trade on the U.S. stock exchanges; it includes large-, mid-, small- and micro-cap companies. The Dow Jones U.S. Market Index, considered a total market index, represents the top 95% of the U.S. stock market based on market capitalization. No index-linked product details are currently available. The index, a member of the Dow Jones Total Stock Market Indices family, is designed to measure the performance of large-cap U.S. equity securities. Please refer to the disclaimers here for more information about S&P Dow Jones Indices' relationship to such third party product offerings. Dow Jones U.S. Total Stock Market Indices Methodology, Dow Jones U.S. Large-Cap Total Stock Market Index (USD) Factsheet, Direxion Daily S&P Biotech Bear 3X Shares. The index includes most stocks, except the very smallest and least-liquid U.S. stocks. Indexes provide a helpful benchmark for making all types of comparisons, and also provide snapshots of trends, though not a detailed picture. The Dow Jones Industrial Average (DJIA) is a price-weighted index and it’s not calculated based on the weighted average market cap of companies. Russell 3000 Value Index is a market-capitalization weighted value stock index maintained by the Russell Investment Group and based on the Russell 3000 Index. The Dow Jones Wilshire Mid-Cap Index is a market-capitalization weighted index maintained by Dow Jones Indexes. A broad-based index is designed to reflect the movement of the entire market; one example of a broad-based index is the Dow Jones Industrial Average. Investopedia uses cookies to provide you with a great user experience. While we have tried to include all such products, we do not guarantee the completeness or accuracy of such lists. The Wilshire 5000 remains the most often used benchmark for the total U.S. equity market. Indexes, like the Dow Jones U.S. Total Market Index, provide useful information and insight, like making it easier to understand past trends and changes in investing patterns.