Investment Data Alliance

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The Investment Data Alliance is a partnership between the CFA Institute Research Foundation and various investment organizations where data and content related to data is shared with investment professionals. Most of the material is available to all, with some specific data available only to CFA Institute Members. The Research Foundation thanks CFA Institute and the vendors below for their generous support of the Investment Data Alliance.


Stocks, Bonds, Bills, and Inflation (SBBI) Dataset

The SBBI data set includes monthly, quarterly and yearly total returns and yields of most of the major US asset classes: large-cap stocks, small-cap stocks, corporate bonds, government bonds of several maturities, and inflation. It measures arithmetic means (simple average), geometric means (annualized returns), standard deviations (risk), correlations, wealth indexes, and a variety of statistical techniques.

Available to CFA Institute Members

Access the SBBI Data - June 2024

Access to Performance for Over 80 MSCI Indexes

Climate & ESG, Factor, Market Cap, Sectors and Thematic

This data set covers several regions and markets (MSCI ACWI, MSCI World, MSCI Emerging Markets) and will provide members with monthly index levels over the last 10 years to assist with their study of markets. This data may be used to review and analyze performance and to build and deepen members’ understanding of global equity markets.

Available to CFA Institute Members

Datasets, Index and Glossary 

Access the MSCI Data - July 2024

Access to Three FactSet Datasets Including:

FactSet Global Prices and Corporate Actions, FactSet Fundamentals (Basic) and FactSet Estimates (Basic)

Utilizing the FactSet content, CFA Institute members will be able to access a global database of monthly prices, detailed annual financial history, and analyst consensus estimates for upcoming fiscal years.

Available to CFA Institute Members

Access the FactSet Data - July 2024

CalcBench Premium Plan

Complimentary access to CalcBench Premium Plan (registration required)

CalcBench Premium Plan features

Available to CFA Institute Members

Access CalcBench Premium Plan

Investment Data Alliance

Smartkarma Private Investor Solutions

Complimentary access to Smartkarma Private Investor Solutions (registration required)

Smartkarma's Private Investor Solutions features

Available to CFA Institute Members

Access to Smartkarma's Private Investor Solutions


Valuation Handbook — International Guide to Cost of Capital: 2023 Summary Edition

The cost of capital is the expected rate of return that the market requires to attract funds to an investment and is one of the most important concepts in finance. A good understanding of this is essential for making global investment decisions.

View PDF

Stocks, Bonds, Bills, and Inflation (SBBI)

The SBBI® Summary Edition will help investment professionals gain an understanding of major asset class returns, return calculations, and the long-term impact of size, value/growth, and liquidity on returns.

The SBBI Summary Edition is no longer published. The last edition available is the 2021 SBBI Summary Edition

Read the SBBI 2020 Summary Edition
Read the SBBI 2021 Summary Edition

Full Yearbook Version from Duff & Phelps

Damodaran Online

Links to the free information available on Professor Damodaran’s website containing datasets on corporate governance, discount rate estimation, dollar value measures, COVID effects, return measures, capital structure, dividend policy, cashflow estimation, growth rate estimation, multiples and option pricing models.

View Archived Data

View Current Data

World Federation of Exchanges

The WFE Statistics Database provides registered users with access to a wide range of market indicators. The data is collected on a monthly and annual basis from WFE members, affiliates and non-members.

Access the 2020 Annual WFE Statistics Guide

Access the WFE Statistics
VIX Index

The VIX Index and Volatility-Based Global Indexes and Trading Instruments

Tools based on volatility indexes are widely used for hedging, diversification, risk management, and alpha generation, but investors should carefully study the pricing, risks, and other key aspects before deciding to use such products.

Access the VIX Historical Data

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