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BENCHMARK INDICES

STOXX Saudi Arabia

Index Description

The STOXX Saudi Arabia Index is a market cap weighted index designed to represent the performance of the Large and Mid Cap companies from Saudi Arabia covering approximately 85% of investable market capitalization. STOXX Saudi Arabia Index is suitable for global investment products which include funds, exchange traded funds, and derivatives and can also be used for further building block approach strategies when appropriate. It follows a robust and modular framework which enables investors to utilize this index for a variety of investment objectives whilst using a consistent approach. It is derived from STOXX World Equity Index series and its countries follow the STOXX World Country Classification Framework.

Key facts

  • Broad, yet liquid coverage of Large and Mid cap companies that supports clients' global investment decisions whilst avoiding home biases.
  • A consistent and transparent methodology which fully embraces global standards of governance.
  • Can serve as a basis for numerous derived strategies.
  • Constructed using STOXX World Methodology.
  • Its countries follow the STOXX World Country classification framework.

Descriptive Statistics

Index Market Cap (USD bn) Components (USD bn) Component weight (%) Turnover (%)
Full Free-float Mean Median Largest Smallest Largest Smallest Last 12 monts
STOXX Saudi Arabia 540.2 237.6 5.9 2.6 43.9 1.0 18.5 0.4 19.9
STOXX Emerging Markets 13,202.2 7,206.7 3.6 0.9 487.1 0.0 6.8 0.0 22.1

Supersector weighting (top 10)

Country weighting

Risk and return figures1

Index returns Return (%) Annualized return (%)
Last month YTD 1Y 3Y 5Y Last month YTD 1Y 3Y 5Y
STOXX Saudi Arabia -0.4 -0.4 9.1 N/A N/A N/A N/A 9.1 N/A N/A
STOXX Emerging Markets -4.1 -4.1 -0.6 -21.3 7.2 N/A N/A -0.6 -7.6 1.4
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
STOXX Saudi Arabia N/A N/A 14.2 15.4 15.4 N/A N/A 0.2 -0.2 -0.2
STOXX Emerging Markets N/A N/A 12.7 16.5 17.6 N/A N/A -0.5 -0.6 0.0
Index to benchmark Correlation Tracking error (%)
STOXX Saudi Arabia 0.2 0.2 0.3 0.2 0.2 20.8 20.8 16.3 18.6 18.6
Index to benchmark Beta Annualized information ratio
STOXX Saudi Arabia 0.3 0.3 0.3 0.2 0.2 2.1 2.1 0.5 -0.3 -0.3

1For information on data calculation, please refer to STOXX calculation reference guide

2Based on EURIBOR1M

(USD, Net Return), all data as of January 31, 2024

BENCHMARK INDICES

STOXX Saudi Arabia

Fundamentals

Index Price/earnings incl. negative Price/earnings excl. negative Price/book Dividend yield (%)3 Price/sales Price/cash flow
Trailing Projected Trailing Projected Trailing Trailing Trailing
STOXX Saudi Arabia 23.0 21.1 19.4 19.4 1.9 3.4 2.5 18.2
STOXX Emerging Markets 10.8 12.3 9.8 9.8 1.7 2.2 0.7 1.7

Performance and annual returns

Methodology

The STOXX Saudi Arabia Index is a market cap weighted index designed to represent the performance of the Large and Mid Cap companies from Saudi Arabia covering approximately 85% of investable market capitalization. STOXX Saudi Arabia Index is suitable for global investment products which include funds, exchange traded funds, and derivatives and can also be used for further building block approach strategies when appropriate. It follows a robust and modular framework which enables investors to utilize this index for a variety of investment objectives whilst using a consistent approach. It is derived from STOXX World Equity Index series and its countries follow the STOXX World Country Classification Framework.

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Net Return EUR CH1169657694 SWSAR .SWSAR
Gross Return EUR CH1169657702 SWSAGR .SWSAGR
Price EUR CH1169657710 SWSAP .SWSAP
Net Return USD CH1169657660 SWSAV .SWSAV
Gross Return USD CH1169657678 SWSAGV .SWSAGV
Price USD CH1169657686 SWSAL .SWSAL

Quick Facts

Weighting Free-float market capitalization
Cap Factor N/A
No. of components Variable
Review frequency Semi Annual
Calculation/distribution Realtime 15 sec
Calculation hours 00:00:00 22:15:00
Base value/base date 1000 as of September. 19, 2022
History Available from Sep. 19, 2022
Inception date November. 16, 2022
To learn more about the inception date, the currency, the calculation hours and historical values, please see our data vendor code sheet.

BENCHMARK INDICES

STOXX Saudi Arabia

Top 10 Components4

Company Supersector Country Weight
AL RAJHI BANK Banks Saudi Arabia 18.476%
THE SAUDI NATIONAL BANK Banks Saudi Arabia 9.401%
SAUDI TELECOM Telecommunications Saudi Arabia 8.242%
SAUDI BASIC INDUSTRIES Chemicals Saudi Arabia 7.868%
SAUDI ARABIAN MINING Basic Resources Saudi Arabia 6.309%
ACWA POWER Utilities Saudi Arabia 4.308%
RIYAD BANK Banks Saudi Arabia 3.679%
ALINMA BANK Banks Saudi Arabia 3.110%
DR SULAIMAN AL HABIB MEDICAL S Health Care Saudi Arabia 2.987%
SAUDI AWWAL BANK Banks Saudi Arabia 2.927%

3Net dividend yield is calculated as net return index return minus price index return

4Based on the composition as of January 31, 2024