The iShares Core S&P Total U.S. Stock Market ETF (ITOT) is managed by BlackRock, one of the world's largest asset management firms. Established to track the S&P Total Market Index™ (TMI), which combines the S&P 500® and the S&P Completion Index™, ITOT provides investors with broad exposure to the entire U.S. equity market. With a commitment to passive indexing and low-cost strategies, BlackRock aims to offer a cost-effective way for investors to gain diversified exposure to U.S. stocks while minimizing the risks associated with active management. As of March 31, 2023, ITOT comprises approximately 85% of large-cap stocks and 15% of mid-, small-, and micro-cap stocks from the Underlying Index, representing a significant portion of the U.S. equity market.
While the primary focus of the iShares Core S&P Total U.S. Stock Market ETF (ITOT) is to track the performance of the S&P Total Market Index™ (TMI), which includes common equities from the S&P 500® and the S&P Completion Index™, it also reflects the dividend distribution of the underlying index. Dividends from ITOT are typically influenced by the dividend policies and performances of the constituent companies within the S&P Total Market Index™. The ETF generally aims to provide investors with exposure to a broad range of U.S. equities while allowing them to benefit from potential dividend income, although the focus is primarily on tracking the index's overall performance.
At the heart of the iShares Core S&P Total U.S. Stock Market ETF (ITOT) is the objective to closely track the performance of the S&P Total Market Index. ITOT achieves this by holding a comprehensive portfolio of U.S. stocks, spanning large, mid, small, and micro-cap companies across various industries. The ETF's strategy is designed to provide investors with broad exposure to the entire U.S. equity market, making ITOT a versatile and efficient option for those seeking comprehensive coverage and diversification within their investment portfolios.
The correlation aspect of the iShares Core S&P Total U.S. Stock Market ETF (ITOT) is closely tied to its objective of tracking the S&P Total Market Index™ (TMI). Given that ITOT includes all U.S. common equities listed on major exchanges, it exhibits a high correlation with the overall U.S. equity market. This strong correlation makes ITOT a reliable tool for investors looking to gain exposure to the broad U.S. stock market, making it suitable for diversification and long-term investment strategies. To delve deeper into ITOT's correlations with specific sectors and assets, you can utilize our tool, ETF Insider, which offers comprehensive data visualization and analysis, helping you identify potential overlaps and opportunities within the U.S. ETF market.
The iShares Core S&P Total U.S. Stock Market ETF (ITOT) provides exposure to a wide range of sectors within the U.S. equity market. This ETF aims to track the S&P Total Market Index™ (TMI), which includes common equities from both the S&P 500® and the S&P Completion Index™. As of March 31, 2023, the S&P 500 and the S&P Completion Index represented approximately 85% and 15%, respectively, of the market capitalization of the Underlying Index. ITOT offers investors diversification across various sectors, including information technology, healthcare, consumer discretionary, and more. By investing in ITOT, individuals can gain broad exposure to the U.S. stock market's different segments, allowing for a well-rounded investment strategy that reflects the overall health and performance of the U.S. economy.
The exposure characteristic of the iShares Core S&P Total U.S. Stock Market ETF (ITOT) is closely aligned with the S&P Total Market Index™ (TMI). This ETF provides investors with comprehensive coverage of the entire U.S. stock market, including large-cap, mid-cap, small-cap, and micro-cap equities. The underlying index includes all U.S. common equities listed on major U.S. exchanges, such as the NYSE and Nasdaq, weighted by the float-adjusted market value of their outstanding shares. ITOT's exposure offers a broad and diversified approach to investing in U.S. equities, making it suitable for those seeking broad market representation within a single ETF.
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