Russell Indexes family you should know as a trader
Russell indexes are a family of global stock market indices from FTSE Russell that allow investors to track the performance of distinct market segments worldwide. Many investors use mutual funds or exchange-traded funds based on the FTSE Russell Indexes as a way of gaining exposure to certain portions of the U.S. stock market. --Wikipedia.
Here’s a breakdown of ETFs that represent large-cap, small-cap, and micro-cap segments in the Russell series:
๐ Russell Market Cap Tiers & Corresponding ETFs
|
Market Cap Tier |
Index Name |
ETF Ticker |
Description |
|---|---|---|---|
|
๐ต Large-Cap |
Russell 1000 |
IWB |
Tracks top ~1000 largest U.S. companies |
|
๐ต Large-Cap Growth |
Russell 1000 Growth |
IWF |
Focuses on large-cap growth stocks |
|
๐ต Large-Cap Value |
Russell 1000 Value |
IWD |
Focuses on large-cap value stocks |
| ๐ฆ Mid-Cap | Russell Midcap | IWR | Tracks mid-sized companies (subset of Russell 1000) |
| ๐ฆ Mid-Cap Growth| Russell Midcap Growth | IWP | Focuses on mid-cap growth stocks |
| ๐ฆ Mid-Cap Value | Russell Midcap Value | IWS | Focuses on mid-cap value stocks |
| ๐จ Small-Cap | Russell 2000 | IWM | Tracks bottom 2000 of Russell 3000 (small caps) |
| ๐จ Small-Cap Growth| Russell 2000 Growth | IWO | Focuses on small-cap growth stocks |
| ๐จ Small-Cap Value | Russell 2000 Value | IWN | Focuses on small-cap value stocks |
| ๐ฅ Micro-Cap | Russell Microcap | IWC | Tracks smallest ~1000 micro-cap U.S. stocks |
๐ง Quick Tip:
If you’re tracking market rotation or relative strength, keeping an eye on IWF, IWD, IWM, IWC alongside SPY, QQQ, and DIA gives you great insights.
|
Part |
Meaning |
|---|---|
|
IW |
iShares Russell → IW stands for “iShares” Russell series (by BlackRock) |
|
F |
Russell 1000 Growth (F = “Fast growth”) |
|
D |
Russell 1000 Value (D = “Defensive/Dividend/Value”) |
|
M |
Russell 2000 (M = “Mid/Small” — Small cap index) |
|
C |
Russell Microcap (C = “Microcap”) |
-
IWF → iShares Russell 1000 Growth ETF
-
IWD → iShares Russell 1000 Value ETF
-
IWM → iShares Russell 2000 ETF (small caps)
-
IWC → iShares Russell Microcap ETF (tiny caps)
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