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BENCHMARK INDICES

STOXX Europe 600 Equal Weight

Index Description

The STOXX Europe 600 Equal Weight measures the performance of the the same stocks as the standard free-float market cap weighted indices but use 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. The index captures about 60% of the free-float market cap of the respective Total Market Index (TMI).

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 Europe 600 Equal Weight than in the parent index

Descriptive Statistics

Index Market Cap (EUR bn) Components (EUR bn) Component weight (%) Turnover (%)
Full Free-float Mean Median Largest Smallest Largest Smallest Last 12 monts
STOXX Europe 600 Equal Weight N/A 61,519.5 102.5 102.6 136.5 55.7 0.2 0.1 24.4
STOXX Europe 600 13,764.4 10,882.5 18.1 6.2 383.4 1.1 3.5 0.0 3.3

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 Europe 600 Equal Weight 4.3 4.9 12.7 11.4 40.4 N/A N/A 13.0 3.7 7.1
STOXX Europe 600 4.2 7.8 15.7 30.8 57.4 N/A N/A 16.1 9.5 9.6
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
STOXX Europe 600 Equal Weight N/A N/A 11.9 16.5 19.3 N/A N/A 0.8 0.1 0.3
STOXX Europe 600 N/A N/A 10.0 14.6 17.7 N/A N/A 1.2 0.5 0.5
Index to benchmark Correlation Tracking error (%)
STOXX Europe 600 Equal Weight 0.9 0.9 0.9 1.0 1.0 2.9 3.0 4.2 4.2 4.2
Index to benchmark Beta Annualized information ratio
STOXX Europe 600 Equal Weight 0.9 1.1 1.1 1.1 1.1 0.6 -3.8 -0.6 -1.2 -0.5

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

2Based on EURIBOR1M

(EUR, Gross Return), all data as of March 29, 2024

BENCHMARK INDICES

STOXX Europe 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 Europe 600 Equal Weight 21.6 13.7 14.5 14.5 1.6 3.5 1.0 20.4
STOXX Europe 600 17.3 14.1 15.1 15.1 2.0 3.7 1.4 19.8

Performance and annual returns

Methodology

The index components exactly match the parent index members, e.g. the STOXX Europe 600 Equal Weight consists of the same stocks as the STOXX Europe 600 . The same weight is attributed to all components each quarter, regardless of their free-float market cap. 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
Net Return EUR CH0117519055 SXXEWR SXXEWR INDEX .SXXEWR
Gross Return EUR CH0117519089 SXEWGR SXEWGR INDEX .SXEWGR
Price EUR CH0117519048 SXXEWP SXXEWP INDEX .SXXEWP
Net Return USD CH0117519071 SXEWV SXEWV INDEX .SXEWV
Price USD CH0117519063 SXEWL SXEWL INDEX .SXEWL
Gross Return USD CH0117519097 SXEWGV SXEWGV INDEX .SXEWGV

Quick Facts

Weighting Price-weighted with a weighting factor to achieve an equal weighting
No. of components Fixed number of components indicated in the index name
Review frequency In line with the parent index
To learn more about the inception date, currency versions, 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 Europe 600 Equal Weight

Top 10 Components4

Company Supersector Country Weight
ZALANDO Retail Germany 0.222%
RUBIS Retail France 0.210%
DS SMITH Industrial Goods and Services UK 0.198%
HENNES & MAURITZ B Retail Sweden 0.197%
GRIFOLS Health Care Spain 0.195%
RHEINMETALL Industrial Goods and Services Germany 0.194%
RENAULT Automobiles and Parts France 0.194%
SIEMENS ENERGY Energy Germany 0.194%
VALLOUREC Energy France 0.193%
GN STORE NORD Health Care Denmark 0.191%

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.