About XNDX NASDAQ-100 Total Return Index

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XNDX is the total return version of NDX. The Index is a market capitalization-weighted index that includes 100 of the largest domestic and international non-financial securities listed on The NASDAQ Stock Market based on market capitalization. The Index is reflecting companies across major industry groups. These are including computer hardware and software, telecommunications, retail/wholesale trade, and biotechnology. It is not containing securities of financial companies that are including investment companies. Eligible securities are including common stocks, REITs, and ADRs. Now, there are hundreds of companies and these are prepared stock market indexes. But NASDAQ XNDX is one of the four companies that dominate the index industry, along with MSCI, FTSE Russell, and Standard & Poors. You can be getting a pretty good gauge of the index industry by looking at the number of exchange-traded funds that are tracking indexes from particular index providers.

  • GISC sectors

The NASDAQ-100 Index is one of the unique for a broad market stock market index because the NASDAQ-100 Index is not included stocks from all GICS sectors. The NASDAQ-100 Index is heavily focused on Information Technology, Consumer Discretionary, and Communication Services sectors.

  • Size Categories

The NASDAQ-100 Index is one of the large-cap or large capitalization stock index. But as explained in size categories, there is no standard definition of what makes up a large-cap stock. Each of the major index providers  (MSCI, S&P, NASDAQ, FTSE Russell) are used a different approach to building large cap indexes. They have used a cutoff of $10 billion to determine a large-cap stock. This is just a widely used rule of thumb that have also chosen to use. Similarly, it is a mid cap stock under that definition is a stock with a market capitalization between $2 billion and $10 billion.

  • ADRs

The NASDAQ-100 Index is also somewhat unique because of American Depository Receipts, or ADRs, of non-U.S. XNDX companies are eligible for inclusion. Most popular stock market indexes are including the S&P 500 and the Russell 1000 exclude ADRs.

  • Dividend Yield

The NASDAQ-100 Index historically has one of the dividend yields of around 1.00%. Generally, the technology growth stocks in the NASDAQ-100 Index is having a lower dividend yield than the stock market like NASDAQ: BBBY as a whole. This is also using the data in their database as of today, there is the current market capitalization-weighted average dividend yields of the NASDAQ-100 compared to the S&P 500 Index and Russell 1000 Index.

Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.