VETSX 15.26% 14.4% 90.9% 0.90 1.04
S&P 500 13.43% 14.6% 100.0% 1.00 0.91




The VETS Employers IndexSM, designed by VETS Indexes LLC, measures the performance of those publicly traded companies that recruit, develop, and support U.S. military veteran employees. Companies are selected from a VETS eligible universe of companies maintained by VETS Indexes LLC and populated based on VETS Indexes survey data and analysis. The VETS eligible universe leverages various selection criteria, such as company culture, policies, and reservist accommodations, to identify companies that are most supportive of military veterans, service members and their families.



Current Number of Constituents     79 (see below for details)
Strategy Equal-Weighted
Exchange Symbol/Ticker VETSX
Review Frequency Rebalanced quarterly after the close of trading on third Friday of March, June, September, and December.

Reconstituted annually after the close of trading on the third Friday of September

Index Inception Date July 19, 2017
Calculation Frequency Daily
Currency USD


Military veterans represent uniquely valuable human resources, bringing soft skills – including teamwork, problem solving, and resiliency – in addition to military-grade technical training in engineering, logistics, IT, and other critical fields. Veterans have founded and led many of the country’s most successful companies.

But some companies have been quicker than others to recognize the value of veterans. And some prove to be better at implementing policies and practices that lead to successfully recruiting, retaining, developing, and promoting veterans. This is what VETS’ survey data and analysis measures.

VETS Indexes is based on the premise that the companies that make the best use of this highly talented but under-valued talent pool will see a benefit in their bottom lines. The results so far have emphatically confirmed our thesis.


All data on page as of 12/29/2023


Accenture Ltd. ACN 1.25%
Aecom Technology Corp. ACM 1.23%
Allegiant Travel Co. ALGT 1.43%
Allstate Corp. ALL 1.20%
Amazon.Com Inc. AMZN 1.23%
Arcbest Corp ARCB 1.20%
Associated Banc-Corp ASB 1.43%
AT&T Inc. T 1.20%
Bk Of America Corp BAC 1.31%
Boeing Co. BA 1.33%
Booz Allen Hamilton Hldg Cor BAH 1.21%
Brown-Forman Corp. BF/B 1.15%
Caci International Inc. CACI 1.20%
Capital One Financial Corp. COF 1.39%
CDW Corp CDW 1.28%
Charles Schwab Corp. SCHW 1.33%
Citigroup Inc. C 1.32%
Cms Energy Corp. CMS 1.21%
Comcast Corp. CMCSA 1.24%
Consolidated Edison Inc. ED 1.20%
Constellation Energy Corp CEG 1.15%
Corning Inc. GLW 1.27%
Cushman & Wakefield Plc CWK 1.56%
CVS Health Corp. CVS 1.38%
Davita Inc. DVA 1.22%
Dominion Energyinc D 1.23%
Eastman Chemical Co. EMN 1.27%
Eaton Corp Plc ETN 1.25%
Exelon Corp. EXC 1.11%
Fiserv Inc. FI 1.21%
Fox Corp FOXA 1.19%
Ge Healthcare Technologies Inc. GEHC 1.34%
General Dynamics Corp. GD 1.25%
General Electric Co GE 1.24%
General Motors Co. GM 1.35%
Hilton Worldwide Hldgs Inc HLT 1.29%
Home Depot Inc. HD 1.31%
Hormel Foods Corp. HRL 1.24%
Humana Inc. HUM 1.12%
International Business Machines Corp. IBM 1.22%
J.B. Hunt Transport Services Inc. JBHT 1.28%
Jacobs Engineering Group Inc. J 1.21%
Johnson & Johnson JNJ 1.20%
JP Morgan Chase & Co. JPM 1.29%
Kellanova K 1.26%
Leidos Holdings Inc. LDOS 1.20%
Lockheed Martin Corp. LMT 1.20%
Lowe’s Company LOW 1.33%
Marsh & Mclennan Cos. MMC 1.13%
Maximus Inc. MMS 1.19%
Merck & Co. Inc. MRK 1.26%
Northrop Grumman Corp. NOC 1.17%
Nvidia Corp. NVDA 1.26%
Oracle Corp. ORCL 1.08%
Organon & Co OGN 1.51%
Oshkosh Corp. OSK 1.32%
Parsons Corporation PSN 1.19%
Pepsico Inc. PEP 1.20%
PG&E Corp. PCG 1.25%
Progressive Corp. PGR 1.15%
Prudential Financial Inc. PRU 1.26%
Rocket Cos Inc RKT 1.84%
RTX Corporation RTX 1.22%
Sonoco Products Co. SON 1.20%
Southern Co. SO 1.17%
Southwest Airlines Co. LUV 1.34%
Travelers Cos. Inc. TRV 1.25%
U.S. Bancorp USB 1.35%
Union Pacific Corp. UNP 1.29%
United Rentals Inc. URI 1.43%
V2X Inc VVX 1.30%
Verizon Communications Inc. VZ 1.17%
Viasat Inc. VSAT 1.62%
Walmart Inc. WMT 1.20%
Waste Management Inc. WM 1.24%
Werner Enterprises Inc. WERN 1.26%
Wyndham Hotels & Resorts Inc WH 1.23%
Xcel Energy Inc. XEL 1.21%
XPO Inc. XPO 1.20%

Data, assumptions, opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice. VETS INDEXES LLC (“VETS”) and its affiliates and any third-party providers, as well as their directors, officers, shareholders, employees or agents (collectively VETS Parties) do not guarantee to the accuracy, completeness, adequacy or timeliness of any information, including ratings and rankings and are not responsible for errors and omissions or for the results obtained from the use of such information and VETS Parties shall have no liability for any errors, omissions, or interruptions therein, regardless of the cause, or for the results obtained from the use of such information. VETS PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO ANY WARRANTIES OF MERCHANTABILITY, SUITABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no event shall VETS Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with any use of the information contained in this document even if advised of the possibility of such damages.

VETS statements are opinion as of the date they are expressed and not statements of fact or recommendations to purchase, hold, or sell any securities or to make any investment decisions. This information should not be relied on when making any investment or other business decision. VETS data, visualizations, opinions and analyses do not address the suitability of any security. VETS does not act as a fiduciary or an investment advisor. While VETS has obtained information from sources they believe to be reliable, VETS does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives. VETS keeps certain activities of its business units separate from each other in order to preserve the independence and objectivity of their respective activities. As a result, certain business units of VETS may have information that is not available to other VETS business units. VETS has established policies and procedures to maintain the confidentiality of certain non-public information received in connection with each analytical process. VETS may receive compensation for its ratings, data, visualizations and certain analyses. VETS reserves the right to disseminate its opinions and analyses.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities, financial instruments or strategies mentioned herein may not be suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue. Prices, values, or income from any securities or investments mentioned in this report may fall against the interests of the investor and the investor may get back less than the amount invested.

The information contained in this report does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation of particular securities, financial instruments or strategies to you nor is it considered to be investment advice. Before acting on any recommendation in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice.