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THEME INDICES

STOXX Global AI Adopters and Applications

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Index Description

The STOXX Global AI Adopters and Applications index is designed to reflect the performance of a set of companies that are benefiting from the advancement of Artificial Intelligence. AI is expected to revolutionize various domains, including healthcare, mobility, finance, process automation and other operational areas. STOXX uses a detailed breakdown of companies’ revenues and their patent data to identify companies that have a significant revenue or innovation exposure to the theme. Revenue breakdown utilizes FactSet RBICS and patent data is sourced from Econsight.

Key facts

  • The index provides targeted exposure to companies that are benefiting from the advancement of AI.
  • Liquidity and size filters ensure replicability of the index.
  • FactSet Revere data allow detailed and accurate revenue breakdown of eligible companies.
  • EconSight's patent data allow identification of innovators in emerging technologies.
  • The index commits to a 20% Sustainable Investment threshold.
  • The index is weighted according to adjusted equal weights.
  • The index is reviewed annually in June.

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 Global AI Adopters and Applications N/A 10.4 0.1 0.1 0.3 0.0 2.7 0.0 12.2
STOXX World AC All Cap 106,988.7 81,316.4 5.6 0.4 3,163.8 0.0 3.9 0.0 3.2

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 Global AI Adopters and Applications 1.0 16.3 32.0 9.0 76.4 N/A N/A 31.8 2.9 12.0
STOXX World AC All Cap 0.4 15.6 26.9 16.1 56.8 N/A N/A 26.7 5.1 9.4
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
STOXX Global AI Adopters and Applications N/A N/A 12.2 16.9 20.0 N/A N/A 2.2 0.1 0.5
STOXX World AC All Cap N/A N/A 10.6 13.5 16.7 N/A N/A 2.1 0.2 0.5
Index to benchmark Correlation Tracking error (%)
STOXX Global AI Adopters and Applications 0.9 0.9 0.9 0.9 0.9 3.8 4.6 4.5 6.1 6.7
Index to benchmark Beta Annualized information ratio
STOXX Global AI Adopters and Applications 1.1 1.1 1.1 1.2 1.1 2.0 0.2 0.9 -0.3 0.4

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

2Based on EURIBOR1M

(EUR, Price), all data as of October 31, 2024

THEME INDICES

STOXX Global AI Adopters and Applications

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 Global AI Adopters and Applications 41.2 23.9 30.1 30.1 3.6 1.3 3.1 24.5
STOXX World AC All Cap -0.7 20.0 20.4 20.4 3.0 1.9 1.8 17.6

Performance and annual returns

Methodology

A set of country, size and liquidity screens are applied on the STOXX World AC All Cap Index to capture liquid companies from eligible countries. Additionally, companies that are not compliant with the Sustainalytics Global Standards Screening (GSS) assessment or are involved in Controversial Weapons and other controversial activities are excluded from selection.
After the initial screening, the remaining companies are further screened for both their patent and revenue exposure to the theme to form the eligible universe. A company must have at least one high quality patent within the defined AI Adopters and Applications technologies and have 25% or more revenue generated in at least one of the related sub-themes based on the associated RBICS L6 sectors.
Index components are selected from the eligible universe list according to a two-pillar classification: Innovators and Market leaders. For Innovators selection, companies with 25% or more RBICS Revenue exposure to each sub-theme are ranked in descending order of high-quality patents and the top 20% ranking companies are selected. For Market Leaders selection, companies with 25% or more RBICS Revenue exposure to each sub-theme are ranked in descending order of market share and the top 20% ranking companies are selected.
The index is reviewed annually in June, rebalanced quarterly and constituents are weighted according to adjusted equal weights with SI commitment capping.

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Gross Return EUR CH1362042827 STXAIAPG .STXAIAPG
Net Return EUR CH1362042819 STXAIAPR .STXAIAPR
Price EUR CH1362042801 STXAIAPP .STXAIAPP
Net Return USD CH1362042843 STXAIAPV STXAIAPV INDEX .STXAIAPV
Price USD CH1362042835 STXAIAPL STXAIAPL INDEX .STXAIAPL
Gross Return USD CH1362042850 STXAIAPZ STXAIAPZ INDEX .STXAIAPZ

Quick Facts

Weighting adjusted equal weights
Cap Factor 0.18
No. of components variable
Review frequency reviewed annually in June
Calculation/distribution realtime 15 sec
Calculation hours 00:00:00 22:15:00
Base value/base date 1000 as of Jun. 24, 2019
History Available since 24 Jun 2019
Inception date Sep. 28 2024
To learn more about the inception date, currency versions, calculation hours and historical values, please see our data vendor code sheet.

Top 10 Components4

Company Supersector Country Weight
MEITUAN Technology China 2.664%
Morgan Stanley Financial Services USA 2.140%
PALANTIR TECHNOLOGIES A Technology USA 2.117%
Bristol-Myers Squibb Co. Health Care USA 2.056%
SALESFORCE INC. Technology USA 2.045%
PayPal Holdings Industrial Goods and Services USA 2.005%
SPOTIFY TECHNOLOGY Media USA 1.994%
Citigroup Inc. Banks USA 1.991%
Netflix Inc. Media USA 1.958%
Autodesk Inc. Technology USA 1.945%

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

4Based on the composition as of October 31, 2024

THEME INDICES

STOXX Global AI Adopters and Applications

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.