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BENCHMARK INDICES

iSTOXX Europe 600 Ircantec PAB

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Index Description

The iSTOXX Europe 600 Ircantec PAB Index tracks the performance of liquid securities from the STOXX Europe 600. The index is constructed to follow the EU Paris-aligned Benchmark (EU PAB) requirements outlined in the Commission Delegated Regulation (EU) 2020/1818 supplementing Regulation (EU) 2016/1011 of the European Parliament and of the Council in regards to minimum standards for EU Climate Transition Benchmarks and EU Paris-aligned Benchmarks. The index is designed to help investors align investments with the overall long-term global warming target of the Paris Agreement.

Key facts

  • The Index is designed to help investors shift towards a low-carbon economy and align investments to the Paris Climate Agreement.
  • The Index aims to reduce their greenhouse gases emission intensity by at least 50% when compared to its underlying benchmarks and it is designed to meet the year on year 7% decarbonization target.
  • The Index overweights securities with concrete targets and emission reduction targets verified by the Science Based Target initiative (SBTi)

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
iSTOXX Europe 600 Ircantec PAB N/A 105.4 0.2 0.1 4.5 0.0 4.3 0.0 30.4
STOXX Europe 600 14,448.3 11,510.3 19.2 6.7 356.2 1.4 3.1 0.0 3.5

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
iSTOXX Europe 600 Ircantec PAB -7.4 4.9 21.6 N/A N/A N/A N/A 21.9 N/A N/A
STOXX Europe 600 -5.9 6.2 22.9 7.8 39.9 N/A N/A 23.2 2.6 7.0
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
iSTOXX Europe 600 Ircantec PAB N/A N/A 12.9 20.1 20.1 N/A N/A 1.8 0.0 0.0
STOXX Europe 600 N/A N/A 12.8 18.7 20.5 N/A N/A 1.8 0.1 0.3
Index to benchmark Correlation Tracking error (%)
iSTOXX Europe 600 Ircantec PAB 1.0 1.0 1.0 1.0 1.0 1.9 2.6 2.6 3.7 3.7
Index to benchmark Beta Annualized information ratio
iSTOXX Europe 600 Ircantec PAB 1.1 1.0 1.0 1.1 0.9 -9.6 -0.6 -0.4 -0.5 -0.5

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

2Based on EURIBOR1M

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

BENCHMARK INDICES

iSTOXX Europe 600 Ircantec PAB

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
iSTOXX Europe 600 Ircantec PAB 23.6 18.3 20.7 20.7 2.8 2.6 1.8 23.0
STOXX Europe 600 17.1 14.6 15.3 15.3 2.0 3.2 1.3 20.5

Performance and annual returns

Methodology

The iSTOXX Europe 600 Ircantec PAB Index tracks the performance of liquid securities from the STOXX Europe 600. The index is constructed to follow the EU Paris-aligned Benchmark (EU PAB) requirements outlined in the Commission Delegated Regulation (EU) 2020/1818 supplementing Regulation (EU) 2016/1011 of the European Parliament and of the Council in regards to minimum standards for EU Climate Transition Benchmarks and EU Paris-aligned Benchmarks. The index is designed to help investors align investments with the overall long-term global warming target of the Paris Agreement.

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Net Return EUR CH1169657108 IXXRPAB IXXRPAB INDEX .IXXRPAB
Gross Return EUR CH1169657116 IXXGRPAB .IXXGRPAB
Price EUR CH1169657090 IXXPPAB .IXXPPAB
Net Return USD CH1169657132 IXXVPAB .IXXVPAB
Gross Return USD CH1169657140 IXXGVPAB .IXXGVPAB
Price USD CH1169657124 IXXLPAB .IXXLPAB

Quick Facts

Weighting Price weighted
Cap Factor 4.50%
No. of components Variable
Review frequency Quarterly
Calculation/distribution End of Day
Calculation hours 18:00:00 18:00:00
Base value/base date 100 as of Dec. 31, 2021
History Available from Dec. 31, 2021
Inception date September. 29, 2022
To learn more about the inception date, the currency, the calculation hours and historical values, please see our data vendor code sheet.

Top 10 Components4

Company Supersector Country Weight
SAP Technology Germany 4.251%
LVMH MOET HENNESSY Consumer Products and Services France 4.212%
ASML HLDG Technology Netherlands 3.984%
NOVO NORDISK B Health Care Denmark 3.870%
ASTRAZENECA Health Care UK 3.785%
LONDON STOCK EXCHANGE Financial Services UK 3.649%
NOVARTIS Health Care Switzerland 3.382%
NESTLE Food, Beverage and Tobacco Switzerland 2.436%
SANOFI Health Care France 2.277%
HERMES INTERNATIONAL Consumer Products and Services France 2.131%

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

4Based on the composition as of October 31, 2024

BENCHMARK INDICES

iSTOXX Europe 600 Ircantec PAB

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.

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.