what is the ft wilshire 5000 index ftw5000 
the ft wilshire 5000 index ftw5000 is a broad based market capitalization weighted index that seeks to capture 100 of the united states investible market the ft wilshire 5000 index was formerly known as the wilshire 5000 total market index tmwx before being rebranded on june 30 2021 as part of wilshire s partnership with the financial times understanding the ft wilshire 5000 index ftw5000 named for the nearly 5 000 stocks it contained at launch the wilshire 5000 grew to a high count of over 7 500 in 1998 since then the roster has fallen to the current level of 3 687 as of dec 31 2021 the index includes all u s equities with readily available prices with thinly traded and bulletin board issues excluded as with all market capitalization weighted indices the wilshire overweights companies with a higher firm value and underweights those with a lower firm value as of dec 31 2021 the index was weighted 28 toward the information technology sector 13 to the health care sector and 13 to the consumer discretionary sector special considerationswilshire as part of its partnership with the financial times launched six other indexes as part of the ft wilshire 5000 series the other six indexes include the ft wilshire 2500 index ftw2500 ft wilshire us mega cap index ftwusg ft wilshire us large cap index ftwusl ft wilshire us mid cap index ftwusd ft wilshire us small cap index ftwuss and ft wilshire us micro cap index ftwuso the ft wilshire 5000 index is meant to be the broadest based market index a broad based index is designed to reflect the movement of an entire market although it does not include every publicly traded company it does include a lot more than the other indices which people often refer to as the market like the s p 500 or the dow jones industrial average image by sabrina jiang investopedia 2021history of the ft wilshire 5000 index ftw5000 the ft wilshire 5000 index was established by the wilshire associates in 1974 and was renamed the dow jones wilshire 5000 in april 2004 after dow jones company took over its management on march 31 2009 the index returned to wilshire associates when the partnership with dow jones was terminated 