As of today’s close, the NYA has increased 11.1% from the last day of trading in 2004, continuing to outperform all major U.S. indexes. By comparison, the Dow Jones Industrial Average (DJIA) closed at 11011.82, up 2.1% over the same period.
At their respective highs for 2005, the NYA increased 7.0%, the DJIA by 0.9%, and the S&P 500 and Nasdaq Composite by 5.0% and 3.5% respectively.
Background:
The NYA is designed to measure the performance of all common stocks, ADRs, REITs and tracking stocks listed on the NYSE. Reintroduced in 2003 with a new methodology and recalculated base value of 5,000, the NYA outperformed all major indexes in 2004 and 2005 while showing the lowest volatility.
Representing much of the NYSE’s $21.4 trillion market capitalization, the NYA is also available as an exchange-traded fund sponsored by Barclays Global Investors (BGI). Introduced in 2004, the iShares NYSE Composite Index ETF (NYSE: NYC) was created to offer investors instant access to the quality and diversity of the NYSE list in a single trade.
