Consistent methodology
Participating firms provide client-level data in a common format using a published methodology.
Institutional OCIO benchmarks
Alpha Nasdaq OCIO Index.
A clearer benchmark for the OCIO industry.
Objective, net-of-fee performance benchmarks built from client-level data reported by leading OCIO firms.
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57Participating investment firms
1,900+Institutional portfolios
10OCIO benchmarks
Direct answer
What is the Alpha Nasdaq OCIO Index?
The Alpha Nasdaq OCIO Index is a family of benchmarks measuring actual institutional OCIO portfolio outcomes using a consistent methodology, net-of-fee reporting, risk-based universes, and client-level data. It gives asset owners and providers a more relevant reference point than a generic stock-and-bond benchmark.
Alpha Capital and Nasdaq created the index to improve transparency and make OCIO performance more comparable across institutions. Learn more on Nasdaq
Quarter ending June 30, 2026
Alpha Nasdaq OCIO Index results
The Alpha Nasdaq OCIO Index family includes 10 OCIO benchmarks; the table also includes five reference benchmarks. Returns are shown as percentages and are annualized except MRQ and YTD. A dash indicates that there are too few observations to calculate a result.
| Index | MRQ | YTD | 1 year | 3 years | 5 years | 7 years | 10 years |
|---|---|---|---|---|---|---|---|
| Broad Market Index | 6.62 | 5.61 | 12.29 | 11.04 | 5.22 | 7.49 | 7.65 |
| Defined Benefit Pension Plans Index | 4.87 | 4.03 | 9.04 | 8.54 | 2.91 | 5.68 | 6.32 |
| Endowments & Foundations Index | 7.67 | 6.51 | 14.46 | 12.54 | 6.77 | 8.81 | 8.74 |
| Healthcare Operating Reserves Index | 7.39 | 6.68 | 13.92 | 11.66 | 5.95 | 7.73 | — |
| Insurance Reserves Index | 5.39 | 4.51 | 10.33 | 10.83 | 5.26 | — | — |
| Aggressive Allocation Index | 9.23 | 7.76 | 16.04 | 13.61 | 7.55 | 10.25 | — |
| Moderate Aggressive Allocation Index | 8.79 | 7.64 | 15.83 | 13.10 | 7.19 | 9.44 | 9.34 |
| Moderate Allocation Index | 7.12 | 5.98 | 13.48 | 11.99 | 5.90 | 7.98 | 8.09 |
| Moderate Conservative Allocation Index | 4.10 | 3.34 | 8.14 | 8.04 | 2.47 | 4.79 | 5.48 |
| Conservative Allocation Index | 2.11 | 1.56 | 4.66 | 4.88 | 0.05 | 2.21 | 3.17 |
| MSCI ACWI | 15.06 | 11.49 | 24.16 | 20.22 | 11.49 | 13.81 | 13.33 |
| S&P 500 | 15.20 | 10.21 | 22.33 | 20.61 | 13.41 | 16.08 | 15.51 |
| Bloomberg US Aggregate | 0.67 | 0.62 | 3.79 | 4.16 | 0.08 | 1.22 | 1.54 |
| 60% MSCI ACWI / 40% Bloomberg US Aggregate | 9.22 | 7.21 | 15.81 | 13.68 | 6.96 | 8.86 | 8.70 |
| 60% S&P 500 / 40% Bloomberg US Aggregate | 9.31 | 6.45 | 14.76 | 13.92 | 8.10 | 10.19 | 9.98 |
Source: AlphaNasdaq OCIO Index Deliverable 2Q26 workbook, Performance Results worksheet, as of June 30, 2026.
A consistent OCIO benchmark framework
Transparent, measurable, and industry-informed.
Net-of-fee outcomes
Results compare OCIO portfolios on a consistent, net-of-fee basis segmented by client and risk characteristics.
Built with leading OCIOs
Alpha Capital and Nasdaq developed the index with input and data from leading OCIO organizations.
Participating firms
All 57 participating investment firms.
The Alpha Nasdaq OCIO Index draws client-level data from a broad cross-section of participating OCIO firms.
- 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
- SEI 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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