Since its debut in April 2000, the S&P/ASX index series has helped define the Australian local market. These indices—covering equity, fixed interest, and volatility—are transparent, easy to replicate, and serve as the basis for investment products including low-cost index managed funds, exchange-traded funds (ETFs), futures, and options.
The S&P/ASX 200, the index that started it all, is considered the primary gauge of the Australian equity market. This flagship index and leading indicator is well-suited to both benchmarking and index-based investing, as it’s designed to broadly represent the local Australian market while maintaining the liquidity characteristics of narrower indices. The investable S&P/ASX 200 covers approximately 90% of Australian equity market capitalization.
The S&P/ASX indices are brought to you by S&P Dow Jones Indices (S&P DJI), home to iconic financial market indicators, and the Australian Securities Exchange (ASX), one of the world’s leading securities exchanges.
Active vs. Passive Performance in Australia
Find out what the Australian SPIVA® Scorecard has to say about the performance of active funds versus that of their S&P/ASX benchmarks, including the iconic S&P/ASX 200, over short- and long-term periods.
The Power of the Index: The S&P/ASX 200
Beyond the S&P/ASX 200
With more than 15 years of unrivaled partnership, S&P DJI and ASX are on a continual quest to develop new paths for investors seeking robust opportunities in the Australian market. Our wide variety of indices reflects this mission.
The S&P/ASX equity index series includes the S&P/ASX 200, S&P/ASX 300, S&P/ASX 20, S&P/ASX 50, S&P/ASX 100, S&P/ASX All Ordinaries, and S&P/ASX Small Ordinaries—all reflecting different facets of the Australian equity market. This series also contains market-cap indices that make it possible to target exposure by size.
The S&P/ASX sector indices follow the GICS® classification system. In addition, S&P DJI recognizes other industry segments relevant to the Australian market and calculates indices for the following segments: Australian Real Estate Investment Trusts (A-REIT), Financials Ex-A-REIT, Industrial and Resources, Metals & Mining, and Gold.
The S&P/ASX fixed interest series complements the S&P/ASX equity series by providing a complete offering across key fixed interest asset classes, including bank bills and inflation-linked investments.
The S&P/ASX strategy indices track well-known factors including size, value, momentum, quality, low volatility, and dividends—each of which has exhibited distinctive patterns of performance over market cycles.
The S&P/ASX 200 VIX® (A-VIX) index—known as the “fear barometer” of the Australian market—reflects expected equity market volatility over the next 30 days. It does this by using mid prices for S&P/ASX 200 put and call options to calculate a weighted average of the implied volatility of the options.
The S&P/ASX Franking Credit Adjusted Indices provide a measure of Australian equities' after-tax performance, which can help evaluate the tax-effectiveness of tax-exempt investor and superannuation portfolios.
Index-Linked Investment Products Tracking the S&P/ASX Indices
Make connections between sought-after market exposures and licensed products linked to S&P/ASX Indices.
Research & Insights
Rotation Strategies and Their Role in the Australian Market
How do sector rotation strategies based on price momentum and economic cycles perform in Australia?
Mid-Cap Indexing in Australia
The Australian mid-cap segment offers diverse sector representation.
Measuring Volatility in Australia
Understand the fear gauge for the Australian equity market.
How Smart Beta Strategies Work in the Australian Market
Examine the effectiveness of six well-known risk factors in Australia.
Measuring the Australian Bank Bill Market for Short-Term Cash Solutions
How does the Australian bank bill market satisfy short-term cash balance investments?