Russell microcap index stocks

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Russell Microcap Index

What Is the Russell Microcap Index?

The Russell Microcap Index consists of the smallest 1,000 securities in the small-cap Russell 2000 Index, plus the next 1,000 smallest eligible securities based on a combination of their market capitalization and current index membership weight.

The broad index is designed to present an unbiased collection of the smallest tradable securities that still meet exchange listing requirements, so over-the-counter (OTC) stocks and pink sheet securities are excluded.

Key Takeaways

  • The Russell Microcap index covers the smallest stocks in the Russell 2000 with market caps between approximately $50 million and $300 million.
  • The Russell Microcap Index is constructed to provide a comprehensive and unbiased barometer for the microcap segment trading on national exchanges. 
  • Microcaps tend to be riskier and more volatile than large-cap stocks, but can also produce diamonds in the rough with above-average growth potential.

Understanding the Russell Microcap Index

While the Russell 2000 is the most commonly quoted small-cap index, the Microcap Index is a valuable tool for examining trends in smaller, startup companies known as micro-caps. The Index is completely reconstituted annually to ensure new and growing equities are reflected and companies continue to reflect appropriate capitalization and value characteristics. 

The current index’s top five sector weightings are financial services, healthcare, consumer discretionary, producer durables, and technology. Healthcare (combining pharmaceuticals and biotech) names make up four of its 10 largest holdings.

The Microcap Index represents just a small fraction of the overall U.S. equity market by capitalization. As of October 2020, the index's stock with the market cap was S2.89 billion, with a median stock value of just $256 million. The top 10 index constituents as of that time were as follows:

  1. Overstock Com Inc (consumer discretionary)
  2. Digital Turbine Inc (consumer discretionary)
  3. Sorrento Therapeutics (healthcare)
  4. Workhorse Group Inc (industrials)
  5. Vivint Solar Inc (consumer discretionary)
  6. Kura Oncology Inc (healthcare)
  7. Cryoport Inc (industrials)
  8. Owens & Minor Inc (healthcare)
  9. Maxar Technologies Inc (industrials)
  10. Seres Therapeutics Inc (healthcare)

Other Russell Microcap Indices

In addition to the Microcap Index, Russell maintains a Microcap Growth (with 869 holdings) and a Microcap Value Index (1,058 holdings).

The Russell Microcap Growth Index measures the performance of the microcap growth segment of the U.S. equity market. It includes Russell Microcap companies that are considered more growth oriented relative to the overall market as defined by Russell's leading style methodology. Similarly, the Russell Microcap Value Index includes Russel Microcap companies that are considered more value-oriented.

Investing in Microcap Stocks

Microcap stocks make up less than 3% of the U.S. equity market. These smaller company stocks are challenging to invest in given significant issues with liquidity and thin trading volumes. Investors looking to gain exposure to the asset class can purchase an exchange traded fund (ETF) that replicates the Russell Microcap Index from iShares, which trades under the ticker (IWC).

But there are important differences between the benchmark index itself and the iShares’ fund. For example, IWC has roughly 1,400 holdings with its 10 largest holdings all in the healthcare sector, followed by financials, information technology, consumer discretionary, and industrials that round up the top five sector weights.

Sours: https://www.investopedia.com/terms/r/russell-microcap-index.asp

Russell Microcap Index – ETF Tracker

ETFs Tracking The Russell Microcap Index – ETF List

ETFs tracking the Russell Microcap Index are presented in the following table.

ETFs Tracking The Russell Microcap Index – ETF Returns

The following table presents historical return data for ETFs tracking the Russell Microcap Index.

ETFs Tracking The Russell Microcap Index – ETF Fund Flow

The table below includes fund flow data for all U.S. listed Highland Capital Management ETFs. Total fund flow is the capital inflow into an ETF minus the capital outflow from the ETF for a particular time period.

Fund Flows in millions of U.S. Dollars.

ETFs Tracking The Russell Microcap Index – ETF Expenses

The following table presents expense information for ETFs tracking the Russell Microcap Index.

ETFs Tracking The Russell Microcap Index – ETF Dividends

The following table presents dividend information for ETFs tracking the Russell Microcap Index, including yield and dividend date.

ETFs Tracking The Russell Microcap Index – ETF Holdings

The following table presents holdings data for all ETFs tracking the Russell Microcap Index. For more detailed holdings data for an ETF click the ‘View’ link in the right column.

ETFs Tracking The Russell Microcap Index – ETF Tax Rates

The following table presents sortable tax data for ETFs currently tracking the Russell Microcap Index.

ETFs Tracking The Russell Microcap Index – ETF Technicals

The following table presents certain technical indicators for ETFs tracking the Russell Microcap Index. To see complete technical metrics click the ‘View’ link in the right column.

ETFs Tracking The Russell Microcap Index – ETF Analysis

The following table presents links to in-depth analysis for ETFs tracking the Russell Microcap Index.

ETFs Tracking The Russell Microcap Index – ETF Realtime Ratings

The following table presents a proprietary ETF Database rating for ETFs tracking the Russell Microcap Index.

Sours: https://etfdb.com/index/russell-microcap-index/
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Russell Microcap® Value Index

The Russell Microcap® Value Index measures the performance of the microcap value segment of the U.S. equity market. It includes those Russell Microcap Index companies that are considered more value oriented, relative to the overall market.

Russell Microcap® Index

The Russell Microcap® Index measures the performance of the microcap segment of the U.S. equity market. It includes 1000 of the smallest securities in the small-cap Russell 2000® Index based on a combination of their market cap and current index membership.

Russell 2000® Value Index

The Russell 2000® Value Index measures the performance of the small-cap value segment of the U.S. equity universe. It includes those Russell 2000 companies with lower price-to-book ratios and lower forecasted growth values.

Russell 2000® Index

The Russell 2000® Index measures the performance of the small-cap segment of the U.S. equity universe. The Russell 2000 Index is a subset of the Russell 3000® Index. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership.

Russell 2500™ Value Index

The Russell 2500™ Value Index measures the performance of the small to mid-cap value segment of the U.S. equity universe. It includes those Russell 2500 companies with lower price-to-book ratios and lower forecasted growth values.

Russell 2500™ Index

The Russell 2500™ Index measures the performance of the small to mid-cap segment of the U.S. equity universe, commonly referred to as "smid" cap. The Russell 2500 Index is a subset of the Russell 3000® Index. It includes approximately 2500 of the smallest securities based on a combination of their market cap and current index membership.

Russell Midcap® Value Index

The Russell Midcap® Value Index measures the performance of the mid-cap value segment of the U.S. equity universe. It includes those Russell Midcap Index companies with lower price-to-book ratios and lower forecasted growth values.

Russell Midcap® Index

The Russell Midcap® Index measures the performance of the mid-cap segment of the U.S. equity universe. The Russell Midcap Index is a subset of the Russell 1000® Index. It includes approximately 800 of the smallest securities based on a combination of their market cap and current index membership.

Russell 1000® Value Index

The Russell 1000® Value Index measures the performance of the large-cap value segment of the U.S. equity universe. It includes those Russell 1000 companies with lower price-to-book ratios and lower expected growth values.

S&P 500® Index

The S&P 500® Index is the most widely accepted barometer of large cap U.S. equities. It includes 500 leading companies.

MSCI EAFE Index

MSCI EAFE Index is an unmanaged, market-weighted index of companies in developed markets, excluding the U.S. and Canada.

MSCI ACWI Index

MSCI ACWI (All Country World Index) Index is an unmanaged, market-weighted index of global developed and emerging markets.

MSCI ACWI ex-US Index

The MSCI ACWI (All Country World Index) ex-US Index is an unmanaged, market-weighted index of global developed and emerging markets, excluding the United States.


Frank Russell Company (“Russell”) is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark of Frank Russell Company. Neither Russell nor its licensors accept any liability for any errors or omissions in the Russell Indexes or underlying data and no party may rely on any Russell Indexes and/or underlying data shown. No further distribution of Russell data is permitted without Russell’s express written consent. Russell does not promote, sponsor or endorse the content of this web site.


The MSCI Index net returns reflect the reinvestment of income and other earnings, including the dividends net of the maximum withholding tax applicable to non-resident institutional investors that do not benefit from double taxation treaties. MSCI uses the maximum tax rate applicable to institutional investors, as determined by the companies' country of incorporation. Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained on this web site. The MSCI data may not be further redistributed or used to create indices or financial products. This web site is not approved or produced by MSCI.





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Russell Microcap Index

The Russell Microcap Index measures the performance of the microcap segment of the U.S. equity market. It makes up less than 3% of the U.S. equity market. It includes 1,000 of the smallest securities in the Russell 2000 Index based on a combination of their market cap and current index membership and it also includes up to the next 1,000 stocks. As of 31 December 2016[update], the weighted average market capitalization for a company in the index was $535 million; the median market cap was $228 million. The market cap of the largest company in the index was $3.6 billion.

The index, which was launched on June 1, 2005, is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group. Its ticker symbol is ^RUMIC.

Records[edit]

In February 2021, during the everything bubble, a record 14 members of the index exceeded the market capitalization of the smallest member of the S&P 500 Index.[1]

Investing[edit]

The Russell Microcap Index is tracked by the iShares Micro-Cap ETF (NYSE Arca: IWC).[2]

Top 10 holdings[edit]

(as of December 31, 2016)[3]

Top sectors by weight[edit]

  • Financial Services
  • Health Care
  • Consumer Discretionary
  • Technology
  • Producer Durables

See also[edit]

References[edit]

External links[edit]

Sours: https://en.wikipedia.org/wiki/Russell_Microcap_Index

Microcap index stocks russell

Overall Portfolio Composition (%)

Sector Weightings (%)

Communication Services3.94%

Equity Holdings

AverageIWC

Price/Earnings0

Price/Book2.02

Price/Sales1.04

Price/Cashflow0

Median Market CapN/A

3 Year Earnings GrowthN/A

Bond Ratings

Sector(s)IWC

US Government0.00%

AAA0.00%

AA0.00%

A0.00%

BBB0.00%

BB0.00%

B0.00%

Below B0.00%

Others0.00%

Top 10 Holdings (3.61% of Total Assets)

Get Quotes for Top Holdings

NameSymbol% Assets
Apollo Medical Holdings IncAMEH0.63%
Protagonist Therapeutics IncPTGX0.40%
Everi Holdings IncEVRI0.37%
Lantheus Holdings IncLNTH0.34%
Celldex Therapeutics IncCLDX0.33%
Prothena Corp PLCPRTA.IR0.33%
RadNet IncRDNT0.32%
Avid Bioservices IncCDMO0.30%
MYR Group IncMYRG0.30%
Castle Biosciences IncCSTL0.29%
Sours: https://finance.yahoo.com/q/hl?s=iwc
Best Russell 2000 Trading Strategies - Russell 2000 Technical Analysis

iShares Micro-Cap ETF

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Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal.

Before engaging Fidelity or any broker-dealer, you should evaluate the overall fees and charges of the firm as well as the services provided. Free commission offer applies to online purchases of select iShares ETFs in a Fidelity account. The sale of ETFs is subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). For iShares ETFs, Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with an exclusive long-term marketing program that includes promotion of iShares ETFs and inclusion of iShares funds in certain Fidelity Brokerage Services platforms and investment programs. Please note, this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral. Additional information about the sources, amounts, and terms of compensation can be found in the ETF’s prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice.

The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).

©2019 BlackRock, Inc. All rights reserved. BLACKROCK, BLACKROCK SOLUTIONS, BUILD ON BLACKROCK, ALADDIN, iSHARES, iBONDS, iTHINKING, iSHARES CONNECT, FUND FRENZY, LIFEPATH, SO WHAT DO I DO WITH MY MONEY, INVESTING FOR A NEW WORLD, BUILT FOR THESE TIMES, the iShares Core Graphic, CoRI and the CoRI logo are registered and unregistered trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. All other marks are the property of their respective owners.

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