S&P Total Return Index

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iheartiheartmath

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The S&P 500 Total Return Index, which measures S&P 500 performance factoring in dividend reinvestment, only goes back to 1/4/1988. Anyone know of any similar type of index that goes back further in time?
 
I think he wants the SPX returns assuming zero dividend payments (i.e. dividends reinvested). The SPX index experiences downward pressure since the constituent stocks pay dividends.
 
Not surprisingly, I’m confused. What do you mean “dividend-only?”
The “adjusted close” factors in dividends being reinvested, the “close” column is without dividends.
Edit: beat me to it. My typing kung fu is slow today.
 
No. For example, the S&P 500 Index closed at 1091.38 on Friday, while the S&P 500 Total Return Index (with dividends reinvested) closed at 1794.33. I’m looking for the data stream that shows the Total Return Index.
 
iheartiheartmath Wrote:
——————————————————-
> No. For example, the S&P 500 Index closed at
> 1091.38 on Friday, while the S&P 500 Total Return
> Index (with dividends reinvested) closed at
> 1794.33. I’m looking for the data stream that
> shows the Total Return Index.
I would think that the adjusted SPX price on Yahoo would be the same as the S&P TR price to a constant, unless the S&P 500 TR index includes some kinds of transaction costs that the Yahoo’s SPX doesn’t.
1794.33 / 1091.38 = 1.644
So I’d think you could take the adjusted prices from Yahoo and multiply them all by 1.644 to get what you need.
 
the adjusted price on Yahoo has rounding errors (they round to two decimals) caused by dividends on splits. You won’t notice it on recent prices but the more dividends that the price is adjusted for, the larger the error.
 
^ Gotcha… that makes sense. I guess it depends what you’re using the TR index for and whether one can make do with a first order approximation.
 
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