Markets don't like female leaders.

Big mistake.

Pink Chip indices measure the performance of women-led companies against global benchmarks. They prove women are better for business, whether markets like it or not.

Help us bring pink chip to every market.

TOP

SECTORS

i

All

SECTORS

i

#%of indexNameof sector
115%Health Technology
214%Finance
313%Electronic Technology
410%Technology Services
510%Producer Manufacturing
66%Consumer Services
75%Energy Minerals
85%Consumer Non-Durables
95%Commercial Services
104%Transportation
114%Health Services
122%Industrial Services
132%Consumer Durables
142%Utilities
152%Non-Energy Minerals
162%Process Industries

Top ten

Holdings

Ranked by index %, displayed with market cap size.

i

All

Companies

i

Holding

Ticker

Female lead

since

CEO

Name

% of Index

Index

Mkt Cap

(USD)

Gross Income

(1Y)

Rev Growth

(1Y)

Industry

Sector

01

Sunrun Inc RUN

Aug
2021

Mary G. Powell

4.77%

$2,801,819,168

2.95%

-22.32%

Electronic Technology

02

Halozyme Therapeutics Inc. HALO

Jan
2014

Helen I. Torley MD

4.68%

$6,398,064,143

76.47%

20.81%

Health Technology

03

Jackson Financial Inc - Ordinary Shares - Class A JXN

Feb
2021

Laura Prieskorn

4.54%

$5,450,613,251

N/A%

57.01%

Finance

04

Intra-Cellular Therapies Inc ITCI

June
2002

Sharon Mates PhD

4.39%

$7,968,790,183

93.17%

52.00%

Health Technology

05

Alnylam Pharmaceuticals Inc ALNY

Jan
2022

Yvonne L. Greenstreet MD

3.97%

$19,462,025,831

86.65%

54.82%

Health Technology

06

Chart Industries Inc GTLS

June
2018

Jillian C. Evanko MBA

3.77%

$6,094,012,377

26.79%

76.74%

Producer Manufacturing

07

Woodside Energy Group Ltd - ADR WDS

Aug
2021

Meg O’Neill

3.53%

$34,499,573,385.519

41.23%

-16.71%

Energy Minerals

08

Blackstone Mortgage Trust Inc - Ordinary Shares - Class A BXMT

June
2021

Katharine A. Keenan

3.47%

$3,112,361,714

96.07%

-0.17%

Finance

09

Arista Networks Inc ANET

Oct
2008

Jayshree V. Ullal

2.30%

$106,649,995,675

63.73%

16.28%

Electronic Technology

10

Trinity Industries, Inc. TRN

Feb
2020

E. Jean Savage

2.28%

$2,504,995,061

20.16%

26.16%

Producer Manufacturing

11

Exponent Inc. EXPO

May
2018

Catherine Ford Corrigan

2.25%

$4,888,667,724

25.08%

3.30%

Industrial Services

12

General Motors Company GM

Jan
2014

Mary Barra

2.21%

$54,127,046,324

13.74%

7.58%

Consumer Durables

13

Vertex Pharmaceuticals, Inc. VRTX

April
2020

Reshma Kewalramani MD

2.17%

$120,583,195,129

87.25%

14.21%

Health Technology

14

International Seaways Inc INSW

Dec
2016

Lois K. Zabrocky

2.17%

$2,798,813,752

60.77%

-4.43%

Transportation

15

New York Times Co. - Ordinary Shares - Class A NYT

Sept
2020

Meredith Kopit Levien

2.17%

$8,161,805,823

43.17%

5.93%

Consumer Services

16

Trip.com Group Ltd - ADR TCOM

Nov
2016

Jane Sun

2.16%

$33,024,130,229.93

81.20%

23.20%

Consumer Services

17

nVent Electric plc NVT

May
2018

Beth A. Wozniak MBA

2.11%

$13,241,676,788

40.65%

18.09%

Electronic Technology

18

Federal Signal Corp. FSS

Jan
2016

Jennifer L Sherman

2.03%

$5,194,201,477

26.45%

10.22%

Producer Manufacturing

19

Citigroup Inc C

Mar
2021

Jane Fraser

1.99%

$115,934,175,052

N/A%

15.90%

Finance

20

Southwest Gas Holdings Inc SWX

May
2022

Karen S. Haller

1.98%

$5,320,717,073

11.45%

-1.39%

Utilities

21

Elevance Health Inc ELV

Jan
2017

Gail Koziara Boudreaux MBA

1.96%

$122,556,262,211

N/A%

0.96%

Health Services

22

Progressive Corp. PGR

July
2016

Susan Patricia Griffith

1.94%

$123,435,930,267

N/A%

20.56%

Finance

23

Integral Ad Science Holding Corp IAS

Jan
2019

Lisa Utzschneider

1.92%

$1,521,952,333

63.99%

7.95%

Technology Services

24

Occidental Petroleum Corp. OXY

May
2016

Vicki A. Hollub

1.88%

$54,315,367,641

33.99%

-12.71%

Energy Minerals

25

Pagerduty Inc PD

July
2016

Jennifer Tejada

1.85%

$2,017,160,326

82.60%

7.68%

Technology Services

26

Equity Lifestyle Properties Inc. ELS

Feb
2013

Marguerite M. Nader

1.83%

$11,728,724,828

36.63%

4.82%

Finance

27

Parsons Corp PSN

Jul
2018

Carey Smith

1.81%

$8,259,591,860

21.15%

30.87%

Technology Services

28

Parker-Hannifin Corp. PH

Jan
2023

Jennifer A. Parmentier

1.79%

$65,148,425,756

35.43%

0.25%

Electronic Technology

29

Hershey Company HSY

Mar
2017

Michele G. Buck MBA

1.78%

$26,973,814,794

45.53%

8.87%

Consumer Non-Durables

30

Bellring Brands Inc BRBR

Oct
2019

Darcy Horn Davenport MBA

1.77%

$7,263,858,553

32.37%

28.27%

Consumer Non-Durables

31

HubSpot Inc HUBS

Sept
2021

Yamini Rangan MBA

1.74%

$28,640,891,556

84.60%

23.08%

Technology Services

32

Tootsie Roll Industries, Inc. TR

Jan
2015

Ellen R. Gordon

1.73%

$2,228,711,042

32.93%

-5.50%

Consumer Non-Durables

33

AMN Healthcare Services Inc. AMN

Nov
2021

Cary Grace MBA

1.70%

$1,995,991,267

26.17%

-27.11%

Commercial Services

34

Centene Corp. CNC

Jan
2022

Sarah McGinty London MBA

1.68%

$35,429,421,903

N/A%

3.90%

Health Services

35

Reliance Steel & Aluminum Co. RS

Jan
2023

Karla Renee Lewis CPA

1.66%

$16,262,641,554

29.21%

-8.08%

Non-Energy Minerals

36

Celanese Corp - Ordinary Shares - Series A CE

May
2019

Lori J. Ryerkerk

1.63%

$15,195,759,135

19.76%

-8.48%

Process Industries

37

Advanced Micro Devices Inc. AMD

Oct
2014

Lisa T. Su PhD

1.59%

$249,930,617,400

39.61%

2.24%

Electronic Technology

38

Upwork Inc UPWK

Jan
2020

Hayden Brown

1.59%

$1,352,344,942

76.85%

18.70%

Commercial Services

39

Workiva Inc - Ordinary Shares - Class A WK

Apr
2023

Julie Iskow

1.59%

$3,579,766,074

76.36%

16.96%

Technology Services

40

ArcBest Corp ARCB

Jan
2010

Judy R. McReynolds CPA

1.57%

$2,478,130,363

7.26%

-6.30%

Transportation

41

Vail Resorts Inc. MTN

Nov
2021

Kirsten A. Lynch

1.56%

$6,693,688,790

52.83%

3.62%

Consumer Services

42

MillerKnoll Inc MLKN

Jul
2021

Andi Owen

1.55%

$1,804,581,258

38.63%

-11.41%

Producer Manufacturing

43

Accenture plc - Ordinary Shares - Class A ACN

Sept
2019

Julie Spellman Sweet

1.54%

$179,407,807,686

33.45%

-0.59%

Technology Services

44

WEX Inc WEX

May
2013

Melissa D. Smith CPA

1.38%

$7,097,950,472

55.26%

6.65%

Commercial Services

index

Criteria

i

01

A Female ceo

Companies must have a female¹ CEO.

Why?

Women are hugely underrepresented at the CEO position, making up just 6% of CEOs globally. The decisions that these leaders make have a huge impact on a business’ performance while they are at the helm.

02

>$2BN MARKET CAP, US LISTED

Companies must be listed on a US stock exchange and have a minimum market cap of US$ 2 billion.

Why?

For now, Pink Chip focuses on mid and large-cap companies listed on US exchanges. This is an intentional choice designed to constrain the universe of the index.

03

>8% CAGR OVER 3 YEARS

Companies must have demonstrated revenue growth of at least 8% over the last 3 years.

Why?

Think of this as a quality control measure. By only including companies that have have demonstrated sustained, impactful growth over a 3 year-window, we can control for the glass cliff effect².

1 Please note that when we speak of “Female”, we are inclusive of all female-identifying people.

2 Research has shown that women are more likely than men to be appointed to boards or positions of leadership in companies experiencing consistently bad performance. This phenomenon is called the glass cliff, and it means women are more likely to be ‘caretaker CEOs’ than their male counterparts. Source: Ryan, M. And Haslam, S. (2005).

Index

Methodology

i

PINK CHIP IS A WEIGHTED INDEX.

Of the companies that meet our criteria, we only include those that are in the top 50th percentile based on 3-year revenue growth rates. Of those companies, we overweight the companies in the top 20th percentile.

About us

Our Future

Supporters

UNW SDG5

Are you a content creator or press?

Help us spread the word

FAQ

Why “Pink Chip”?

In the world of finance and trading, investors refer to stocks as "chips" and categorise them based on colour. Blue chips, for example, are stocks of companies that are considered as large, well-known and highly valued companies, while "green chips" refer to companies working in green energy, sustainability or other activities associated with environmentalism.

Pink Chip represents an entirely new financial category in which “pink” refers to the power that women bring to the businesses that they lead.

Are women better for business?

Are markets biased against women?

Can I invest in Pink Chip?

READ MORE FAQs