The All Ordinaries (INDEXASX: XAO), or as it is commonly known, the 'All Ords', is the oldest share index in Australia. Also referred to as the 'Kangaroos', the index was launched on 31 December 1979 and is constructed and maintained by S&P Dow Jones Indices and the Australian Securities Exchange (ASX). It tracks the performance of the top 500 companies listed on the ASX by market capitalisation.
Historically, the index has delivered long-term returns averaging roughly 6.5% per annum excluding dividends, and over 11% including dividends—a strong track record that underscores its reputation as a reliable barometer for the overall performance of the Australian share market. The 500 companies included in the index make up close to 90% of the ASX's total value. Reflecting a strong market run, the index reached a fresh all-time high of 9,435.6 points in February 2026.
Unlike the ASX 200, market capitalisation is the only eligibility requirement for inclusion, with liquidity not considered as a criterion (except for foreign-domiciled companies). Rebalances occur biannually, in March and September.
