Summary
The STOXX USA Diversification Select 50 USD Index captures the performance of liquid stocks with low correlation, low volatility and high dividends from the STOXX USA 900 Index.
The component selection process first excludes all stocks with the highest 12-months average correlation with all other stocks of the benchmark, then excludes stocks whose 3- or 12-month historical volatilities are the highest. Among the remaining stocks, the 50 stocks with the highest 12-month historical dividend yields are selected to be included in the index. The percentage of exclusion/inclusion at each step is the same.
Those constituents are weighted according to the inverse of their volatility, with a cap at 10%. The indices are reviewed quarterly.
Index Guides, Benchmark statement, and other reports are available under the Data tab.
Details
Top 10 Components
| PepsiCo Inc. | Food, Beverage and Tobacco | US |
| Kimberly-Clark Corp. | Personal Care, Drug and Grocery Stores | US |
| KRAFT HEINZ COMPANY | Food, Beverage and Tobacco | US |
| Kellogg Co. | Food, Beverage and Tobacco | US |
| Conagra Brands Inc. | Food, Beverage and Tobacco | US |
| HORMEL FOODS | Food, Beverage and Tobacco | US |
| Altria Group Inc. | Food, Beverage and Tobacco | US |
| Bristol-Myers Squibb Co. | Health Care | US |
| Coca-Cola Europacific Partners | Food, Beverage and Tobacco | US |
| Johnson & Johnson | Health Care | US |