View the composition of world markets, and see a breakdown of market indexes by capitalization.
Emerging markets are not included in MSCI world index.
| Benchmark | Benchmark Market Capitalization as of 12/31/2025 |
| % Equity Large Capitalization | % Equity Medium/Large Capitalization | % Equity Medium Capitalization |
% Equity Medium/Small Capitalization | % Equity Small Capitalization |
| Russell 2000 Index | — | — | — |
— | 93.28% |
| S&P 500 Index | 82.50% | –78.53% |
17.08% | –13.57% | 0.42% |
| Spliced Extended Market Index | — | — | — |
— | 60.05% |
| Russell 1000 Index | 76.73% | –72.81% |
19.99% | –14.11% | 3.28% |