Consistent methodology
Participating firms provide client-level data in a common format using a published methodology.
Alpha Nasdaq OCIO Indices
A clearer benchmark for the OCIO industry.
Objective, net-of-fee performance benchmarks built from client-level data reported by leading OCIO firms.
56Participating investment firms
1,650+Institutional portfolios
10OCIO benchmark indices
Direct answer
What are the Alpha Nasdaq OCIO Indices?
The indices measure actual institutional OCIO portfolio outcomes using a consistent methodology, net-of-fee reporting, risk-based universes, and client-level data. They give asset owners and providers a more relevant reference point than a generic stock-and-bond benchmark.
Alpha Capital and Nasdaq created the indices to improve transparency and make OCIO performance more comparable across institutions.
Quarter ending March 31, 2026
OCIO index results
Returns are shown as percentages and are annualized except MRQ. A dash indicates that there are too few observations to calculate a result.
| Index | MRQ | 1 year | 3 years | 5 years | 7 years | 10 years |
|---|---|---|---|---|---|---|
| Broad Market Index | -0.95 | 11.43 | 9.75 | 5.00 | 7.03 | 7.21 |
| Defined Benefit Pension Plans Index | -0.80 | 8.51 | 7.39 | 3.06 | 5.56 | 6.14 |
| Endowments & Foundations Index | -1.08 | 13.33 | 10.94 | 6.38 | 8.13 | 8.11 |
| Healthcare Operating Reserves Index | -0.67 | 12.40 | 9.91 | 5.46 | 7.09 | — |
| Insurance Reserves Index | -0.84 | 10.77 | 9.89 | 5.10 | — | — |
| Aggressive Allocation Index | -1.35 | 14.13 | 11.81 | 7.03 | 9.37 | — |
| Moderate Aggressive Allocation Index | -1.05 | 13.78 | 11.16 | 6.65 | 8.62 | 8.57 |
| Moderate Allocation Index | -1.06 | 12.63 | 10.48 | 5.55 | 7.41 | 7.57 |
| Moderate Conservative Allocation Index | -0.73 | 8.28 | 7.06 | 2.69 | 4.75 | 5.38 |
| Conservative Allocation Index | -0.54 | 4.64 | 4.12 | 0.56 | 2.52 | 3.31 |
| MSCI ACWI | -3.11 | 20.52 | 17.10 | 9.99 | 12.15 | 11.88 |
| S&P 500 | -4.33 | 17.80 | 18.32 | 12.06 | 14.44 | 14.16 |
| Bloomberg US Aggregate | -0.05 | 4.35 | 3.63 | 0.31 | 1.56 | 1.70 |
| 60% MSCI ACWI / 40% Bloomberg US Aggregate | -1.85 | 13.91 | 11.64 | 6.16 | 8.04 | 7.92 |
| 60% S&P 500 / 40% Bloomberg US Aggregate | -2.62 | 12.35 | 12.36 | 7.41 | 9.40 | 9.26 |
Source: Alpha Capital Management. Data as of March 31, 2026.
A new industry standard
Transparent, measurable, and industry-informed.
Net-of-fee outcomes
Results compare OCIO portfolios on a consistent basis, net of all fees and segmented by client and risk characteristics.
Built with leading OCIOs
Alpha Capital and Nasdaq developed the indices with input and data from leading OCIO organizations.
Participating firms
All 56 participating investment firms.
The Alpha Nasdaq OCIO Indices draw client-level data from a broad cross-section of the OCIO marketplace. Visit each participating firm to learn more about its organization and institutional capabilities.
- Angeles Investment Advisors
- Aon
- Asset Consulting Group
- Asset Strategy Consultants
- Atlanta Consulting Group
- Beacon Pointe Advisors
- BNY
- Brockenbrough
- Brown Advisory
- Cambridge Associates
- Canterbury Consulting
- Capricorn Investment Group
- Cerity Partners OCIO
- Clearstead Advisors
- Commonfund
- CornerStone Partners
- Crewcial Partners
- Cynosure Capital Management
- Disciplina Group
- FEG Investment Advisors
- Fidelity Institutional Management
- Fiducient Advisors
- Glenmede
- Global Endowment Management
- Global Strategic NextGen OCIO
- Goldman Sachs Asset Management
- Highland Associates
- Hirtle Callaghan
- Investure
- J.P. Morgan Asset Management
- LCG Associates
- Marquette Associates
- Meketa Investment Group
- MEMCO
- Mercer
- NEPC
- Northern Trust
- Partners Capital
- PNC Institutional Asset Management
- Prime Buchholz
- Principal Asset Management
- Prodigy Asset Management
- RockCreek
- Russell Investments
- Silvercrest Asset Management
- Spider Management
- State Street Global Advisors
- Sterling Capital Management
- Strategic Investment Group
- TIFF Investment Management
- U.S. Bancorp Asset Management
- Verger Capital
- Verus
- Wespath Institutional Investments
- Wilshire
- WTW
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