The table below provides a breakdown of the sector weightings within the Russell 2000 Index, which is widely regarded as the benchmark index for U.S. small-cap stocks. As of January 1st, 2025, the Financials sector holds the largest share of the index, reflecting the strong presence of regional banks, insurance companies, and other financial services firms within the small-cap space. The Industrials sector ranks second, comprising a significant portion of the index due to the abundance of manufacturing, construction, and transportation companies. The Health Care sector follows closely, driven by the numerous biotechnology and pharmaceutical firms that characterize the small-cap market.
One distinguishing feature of the Russell 2000 is its relatively low exposure to the Information Technology and Communication Services sectors compared to large-cap U.S. indices. While technology giants dominate the large-cap space, small-cap companies tend to be more diversified across traditional industries, including financial services, industrial manufacturing, and consumer goods. This structural difference underscores the unique investment profile of the Russell 2000, which is often seen as a barometer of the broader U.S. economy and a key indicator of domestic economic growth.
Russell 2000 Index – Sector Weightings
| Sector | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 |
|---|---|---|---|---|---|---|
| Communications | 2.70% | 2.32% | 2.58% | 3.12% | 2.33% | 2.31% |
| Consumer Discretionary | 9.67% | 11.04% | 10.41% | 11.34% | 13.07% | 10.89% |
| Consumer Staples | 2.81% | 3.41% | 3.60% | 3.47% | 3.22% | 3.02% |
| Energy | 5.12% | 6.89% | 6.79% | 4.36% | 2.09% | 3.19% |
| Financials | 18.65% | 16.86% | 17.23% | 16.02% | 15.32% | 17.59% |
| Health Care | 16.31% | 15.43% | 16.87% | 18.05% | 21.11% | 18.22% |
| Industrials | 17.85% | 17.07% | 15.57% | 15.20% | 15.35% | 15.84% |
| Information Technology | 13.84% | 13.60% | 12.72% | 14.53% | 14.13% | 13.56% |
| Materials | 4.27% | 4.49% | 4.30% | 3.82% | 4.20% | 3.91% |
| Utilities | 2.70% | 2.74% | 3.51% | 2.68% | 2.98% | 3.68% |
| Real Estate | 6.07% | 6.14% | 6.42% | 7.43% | 6.20% | 7.80% |
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