Tracking 98% of the Investable U.S. Stock Market
The Russell 3000 Index represents approximately 98% of the U.S. public equity market, comprising the 3,000 largest U.S. public companies by total market capitalization. Created in 1984 by the Frank Russell Company, it serves as a comprehensive barometer of the U.S. stock market.
As of 2024, the index represents over $44.1 trillion in market capitalization. It combines the large-cap Russell 1000® and small-cap Russell 2000® indices, offering complete market coverage.
Annual reconstitution occurs in June, ensuring the index accurately reflects the current U.S. equity market. Quarterly updates address significant corporate actions like mergers and bankruptcies.
The Russell 3000 serves as a core building block for diversified portfolios, offering comprehensive exposure to the U.S. equity market. It's particularly valuable for: