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BLUE CHIP INDICES

HDAX UCITS Capped

Index Description

The HDAX UCITS Capped index is an alternative version to HDAX. The HDAX UCITS Capped index mirrors the HDAX index except that components are capped at UCITS bounds to allow for a UCITS compliant benchmarking.

Key facts

  • The HDAX UCITS Capped index is methodologically equal to the HDAX except that the capping method for index components differs.
  • The HDAX UCITS Capped index always contains the same index components as HDAX.

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
HDAX UCITS Capped 1,817.9 1,398.5 13.6 4.5 116.6 0.4 8.3 0.0 8.1
HDAX 1,917.8 1,488.4 14.5 4.5 146.0 0.4 9.8 0.0 6.1

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
HDAX UCITS Capped 2.3 13.0 22.3 19.6 48.1 N/A N/A 22.8 6.2 8.2
HDAX 2.4 13.4 23.0 20.1 48.2 N/A N/A 23.5 6.3 8.2
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
HDAX UCITS Capped N/A N/A 12.0 17.6 20.6 N/A N/A 1.4 0.2 0.3
HDAX N/A N/A 12.1 17.6 20.6 N/A N/A 1.5 0.2 0.3
Index to benchmark Correlation Tracking error (%)
HDAX UCITS Capped 1.0 1.0 1.0 1.0 1.0 0.4 0.5 0.5 0.3 0.3
Index to benchmark Beta Annualized information ratio
HDAX UCITS Capped 1.0 1.0 1.0 1.0 1.0 -1.9 -1.0 -1.2 -0.5 0.0

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

2Based on EURIBOR1M

(EUR, Total Return), all data as of September 30, 2024

BLUE CHIP INDICES

HDAX UCITS Capped

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
HDAX UCITS Capped 21.6 14.1 15.5 15.5 1.5 N/A 0.8 19.6
HDAX 21.7 14.3 15.8 15.8 1.5 N/A 0.9 19.7

Performance and annual returns

Methodology

For the HDAX UCITS Capped index, the same index calculation and index selection rules as for HDAX apply. In contrast to HDAX, the HDAX UCITS Capped index applies a different capping method for index components. For the HDAX UCITS Capped index, a 4.5/8.5/35 capping method is used. The procedure is as follows:

Step A) All companies are capped at a maximum of 8.5% using the single cap limit method.

Step B) The components are then ranked from the largest to the smallest (if more than one component has a weight of 8.5% after Step A), the original weight is used to determine the order).

Step C) Maximum weights are determined for the largest five components resulting from Step B). The maximum weights allowed for the largest five components are 8.5%, 7.5%, 7%, 6.5% and 5.5%. All other components are capped at a maximum weight of 4.5%. For example, if the weight of the second-largest component exceeds 7.5%, it is capped at this figure.

Step D) Step C) is repeated until all components meet the restrictions contained in it.

The detailed HDAX UCITS Capped index methodology can be found in the DAX Equity Index Methodology Guide.

The detailed index calculation formula can be found in the DAX Equity Index Calculation Guide.

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Price EUR DE000A4049M5 HKDXUC HKDXUC INDEX .HKDXUC
Total Return EUR DE000A4049N3 HDAXUC HDAXUC INDEX .HDAXUC
Price USD DE000A4049P8 HDXPUCUS .HDXPUCUS
Total Return USD DE000A4049Q6 HDAXUCUS .HDAXUCUS

Quick Facts

Weighting Free-float market cap
Cap Factor 4.5/8.5/35
No. of components Variable
Review frequency Quarterly
Calculation/distribution realtime 60 sec
Calculation hours 9:00 - 18:00 CET
Base value/base date 1,000 as of Dec. 29, 2023
History Available since Dec. 23, 2013
Inception date Mar. 18, 2024
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://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.

BLUE CHIP INDICES

HDAX UCITS Capped

Top 10 Components4

Company Supersector Country Weight
SAP Technology Germany 8.335%
SIEMENS Industrial Goods and Services Germany 7.910%
ALLIANZ Insurance Germany 6.931%
DEUTSCHE TELEKOM Telecommunications Germany 6.169%
AIRBUS Industrial Goods and Services Germany 5.282%
MUENCHENER RUECK Insurance Germany 4.396%
BASF Chemicals Germany 3.035%
INFINEON TECHNOLOGIES Technology Germany 2.938%
MERCEDES-BENZ GROUP Automobiles and Parts Germany 2.922%
DEUTSCHE BOERSE Financial Services Germany 2.863%

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

4Based on the composition as of September 30, 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.