NOTICE: As of 2/2/2026, Morningstar has completed the acquisition of the Center for Research in Security Prices (CRSP). Learn more >>

Comment on CRSP CIZ Monthly Return

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“While this methodology change indeed leads to different computed monthly returns in some cases, I find that the vast majority of the monthly returns in the CIZ format matches up with the SIZ version. And for the ones that are impacted due to the methodology change, the CIZ approach appears to handle distribution and trading gaps in a more reasonable fashion.”

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