About the Market
If Texas were a nation, its economy would rank as the 15th-largest in the world by Gross Domestic Product (GDP) just behind Brazil and Russia and ahead of Canada(World Bank, 2009) . Considered a top state for business, Texas is home to 57 of the Fortune 500 and 12% of the fastest growing companies (Forbes). Chief Executive magazine in its January 2010 survey called Texas the "#1 state for business" and "where 70% of all new U.S. jobs have been created since 2008." Although an abundance of oil and gas has traditionally made energy the state’s major industry, the economy of Texas has evolved into a major high-technology center with interests in air transportation and mining.

About the Index
The SPADE Texas Index is a modified market cap weighted index designed to benchmark the performance of the largest, publicly-traded companies in the State of Texas and represents the top 90% of firms by market capitalization. To download our most recent Fact Sheet, right click here

About the Constituents
The SPADE Total Texas is the universe of 400+ public companies whose corporate headquarters are located within the State of Texas and which meet a set of minimum requirements including a $5 minimum share price, a $100 million market cap, sufficient liquidity, and which list on the NYSE or NASDAQ. The companies are then ranked by market cap and the top 90% are selected for the SPADE Texas Index.

For additional data on the constituents, methodology, rules, and performance, please click on the appropriate section of this website.

Number of Constituents (29 December 2011):     89

Market Capitalization Range:     $2.7 billion to $384 billion

Median Market Capitalization:     $6.9 billion

Ten Largest Constituents (29 December 2011)

AT&T: 5.04%

ExxonMobil: 5.02%

ConocoPhillips: 5.02%

Schlumberger: 4.93%

Enterprise Products: 3.72%

Anadarko Petroleum: 3.36%

Apache: 3.18%

Texas Instruments: 3.06%

Haliburton: 2.72%

Kimberly Clark: 2.65%

Breakdown by Industry Category (December 2011)

Energy / Oil and Gas:   67.60%

Technology: 6.83%

Industrials: 6.76%

Telecom: 5.89%

Consumer Staples: 5.80%

Services: 2.19%

Consumer Discretionary: 1.664%

Banking and Finance: 1.28%

Transportation: 0.88%

Real Estate and Construction: 0.70%

Utilities: 0.44%