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BENCHMARK INDICES

STOXX Japan 600 Equal Weight

Index Description

The STOXX Japan 600 Equal Weight Index measures the performance of the same stocks as the standard free-float market cap weighted indices but uses a different weighting scheme by attributing to each component the same weight. The index has a fixed number of components and is part of the STOXX blue-chip index family.

Key facts

  • The reduced importance of single components makes the index performance less dependent on the performance of individual members.
  • Smaller companies are more strongly represented in the STOXX Japan 600 Equal Weight Index than in the parent index.

Descriptive Statistics

Index Market Cap (JPY bn) Components (JPY bn) Component weight (%) Turnover (%)
Full Free-float Mean Median Largest Smallest Largest Smallest Last 12 monts
STOXX Japan 600 Equal Weight N/A 9,845,400.0 16,409.0 16,376.6 20,465.6 12,173.6 0.2 0.1 24.9
STOXX Japan 600 916,452.4 778,176.0 1,297.0 402.3 46,782.4 36.4 6.0 0.0 2.2

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 Japan 600 Equal Weight 3.2 10.7 28.7 33.9 64.3 N/A N/A 29.5 10.3 10.6
STOXX Japan 600 3.7 17.3 39.7 47.8 88.7 N/A N/A 40.8 14.1 13.7
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
STOXX Japan 600 Equal Weight N/A N/A 12.1 14.0 16.0 N/A N/A 1.9 0.6 0.6
STOXX Japan 600 N/A N/A 14.0 15.6 16.6 N/A N/A 2.2 0.7 0.7
Index to benchmark Correlation Tracking error (%)
STOXX Japan 600 Equal Weight 1.0 0.9 1.0 1.0 1.0 5.3 4.9 4.0 3.7 3.5
Index to benchmark Beta Annualized information ratio
STOXX Japan 600 Equal Weight 0.8 0.8 0.8 0.9 0.9 -1.4 -5.0 -2.2 -1.0 -0.8

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

2Based on EURIBOR1M

(JPY, Net Return), all data as of March 29, 2024

BENCHMARK INDICES

STOXX Japan 600 Equal Weight

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 Japan 600 Equal Weight 17.6 16.5 15.5 15.5 1.3 2.3 0.8 -54.7
STOXX Japan 600 16.8 16.6 15.9 15.9 1.6 2.2 1.1 44.8

Performance and annual returns

Methodology

The index components exactly match the parent index members, e.g. the STOXX Japan 600 Equal Weight Index consists of the same stocks as the STOXX Japan 600 Index. The same weight is attributed to all components each quarter, regardless of their free-float market capitalization. Extraordinary replacements are added at the same weight as the deleted stock. The detailed methodology including the calculation formula can be found in our rulebook: http://www.stoxx.com/indices/rulebooks.html

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Gross Return EUR CH0339858935 SX6JEWG .SX6JEWG
Price EUR CH0339858802 SX6JEWP .SX6JEWP
Net Return EUR CH0339858844 SX6JEWR .SX6JEWR
Gross Return JPY CH0339858778 SX6JEWJG .SX6JEWJG
Net Return JPY CH0339858737 SX6JEWJN SX6JEWJN INDEX .SX6JEWJN
Price JPY CH0339858836 SX6JEWJP .SX6JEWJP

Quick Facts

Weighting Equal Weighted
Cap Factor No
No. of components 600
Review frequency Quarterly
Calculation/distribution Realtime 15 sec (EUR, JPY Price) / end-of-day (others)
Calculation hours 00:00 - 18:00 CET
Base value/base date 100 as of Mar. 18, 2002
History Available since Mar. 18, 2002
Inception date Oct. 20, 2016
To learn more about the inception date, the currency, the calculation hours and historical values, please see our data vendor code sheet.

CONTACT DETAILS

  • STOXX customer support
  • P +41 43 430 7272
  • customersupport@stoxx.com
  • https://qontigo.com/support/

DISCLAIMER

STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Börse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Börse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX indices, DAX indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Börse Group or their licensors, research partners or data providers.

BACKTESTED PERFORMANCE

This document contains index performance data based on backtesting, i.e. calculations of how the index might have performed prior to launch if it had existed using the same index methodology and based on historical constituents. Backtested performance information is purely hypothetical and is provided in this document solely for information purposes. Backtested performance does not represent actual performance and should not be interpreted as an indication of actual performance.

CUSTOMIZATION

The index can be used as a basis for the definition of STOXX Customized Indices, which can be tailored to specific client or mandate needs. STOXX offers a wide range of customization, in terms of component selection, weighting schemes and personalized calculation methodologies.

BENCHMARK INDICES

STOXX Japan 600 Equal Weight

Top 10 Components4

Company Supersector Country Weight
Sumitomo Realty & Development Real Estate Japan 0.208%
MONOTARO Retail Japan 0.206%
HOKUETSU Basic Resources Japan 0.199%
TOKYU FUDOSAN Real Estate Japan 0.198%
TOKYO ELECTRIC POWER CO. HLDG. Utilities Japan 0.190%
Mitsui Fudosan Co. Ltd. Real Estate Japan 0.190%
VISIONAL Industrial Goods and Services Japan 0.190%
PAN PACIFIC INTL HLDG Retail Japan 0.189%
NEXTAGE Retail Japan 0.188%
Tokyo Tatemono Co. Ltd. Real Estate Japan 0.188%

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

4Based on the composition as of March 29, 2024

CONTACT DETAILS

  • STOXX customer support
  • P +41 43 430 7272
  • customersupport@stoxx.com
  • https://stoxx.com/support/

DISCLAIMER

STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Börse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Börse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX indices, DAX indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Börse Group or their licensors, research partners or data providers.

BACKTESTED PERFORMANCE

This document contains index performance data based on backtesting, i.e. calculations of how the index might have performed prior to launch if it had existed using the same index methodology and based on historical constituents. Backtested performance information is purely hypothetical and is provided in this document solely for information purposes. Backtested performance does not represent actual performance and should not be interpreted as an indication of actual performance.

CUSTOMIZATION

The index can be used as a basis for the definition of STOXX Customized Indices, which can be tailored to specific client or mandate needs. STOXX offers a wide range of customization, in terms of component selection, weighting schemes and personalized calculation methodologies.