The All Ordinary Index is a market capitalization weighted index of all companies listed on the Australian Stock Exchange. This is contrast to the ASX 200 index which is representative of just the 200 largest stocks list on the ASX.
While the index is aimed to be a representative of small cap and large cap stocks listed on the ASX and therefore a barometer of market performance. There are not alot of differences between the All Ords and ASX 200. This is because even as more companies are included in the All Ords index, ASX 200 captures more than 90% of the market cap of companies in the index (see ASX 200 for details).
It also applies to an extent to the largest 50 companies listed on the ASX.
Intraday All Ordinaries Performance
ASX Exchange Traded Fund
Investors can use a number of index funds to track the performance of the broader market index like above. There is not a specific ETF that track this particular index however investor can use the ASX 200 ETF like STW which is a close is a close representation of the index.
Figure below shows the 5 year return of the All Ordinary Index vs ASX 200. As both are price instruments excludes dividends, the red line representing the index and blue the ETF track very closely with each other. The chart is an accurate representation of the relative performance of both over the same timeframe.
All Ordinaries Chart History
Chart below highlight the 5 year price history of the index. Important to note it shows only the price changes over the period but not the dividends the shares in the index paid. The dividends paid overtime are incorporated in the ASX Accumulation Index.
The accumulation index shows the return of the market over time where dividends paid are reinvsted at the time it is paid. It highlights the benefit of compounding interest on long term investments.