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THEME INDICES

STOXX Global Solar Energy

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Index Description

The STOXX Global Solar Energy Index is comprised of companies with significant exposure to the Solar energy distribution and related manufacturing industry through direct revenue. The adoption of renewable energy is accelerating as governments and corporations increase decarbonization efforts to mitigate the impacts of climate change. Revere (RBICS) Focus and Revenue datasets allow detailed breakdown of the revenue sources of the eligible companies, helping this index to select companies with substantial exposure to the solar energy industry.

Key facts

  • Index provides targeted exposure to companies that stand to benefit from the advancement of the solar energy industry.
  • Liquidity and size filters ensure replicability of the index.
  • FactSet Revere data allows detailed and accurate revenue breakdown of eligible companies.

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
STOXX Global Solar Energy N/A 907.9 17.1 8.9 100.6 1.4 11.1 0.2 53.4
STOXX World AC All Cap 119,332.4 91,539.2 6.3 0.4 3,608.4 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 Solar Energy -8.3 -24.2 -15.4 -48.6 44.1 N/A N/A -15.4 -19.9 7.6
STOXX World AC All Cap 3.9 19.5 25.8 22.2 67.0 N/A N/A 25.8 6.9 10.8
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
STOXX Global Solar Energy N/A N/A 29.1 28.8 31.1 N/A N/A -0.7 -0.9 0.2
STOXX World AC All Cap N/A N/A 10.3 14.5 17.3 N/A N/A 1.9 0.3 0.5
Index to benchmark Correlation Tracking error (%)
STOXX Global Solar Energy -0.1 0.3 0.4 0.6 0.6 44.9 27.1 27.1 24.0 24.8
Index to benchmark Beta Annualized information ratio
STOXX Global Solar Energy -0.5 0.9 1.1 1.1 1.1 -3.5 -1.8 -1.5 -1.2 -0.1

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

2Based on EURIBOR1M

(USD, Net Return), all data as of November 29, 2024

THEME INDICES

STOXX Global Solar Energy

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 Solar Energy -27.5 -82.6 17.0 17.0 1.4 1.2 1.0 -4.5
STOXX World AC All Cap -1.0 20.4 19.2 19.2 3.1 1.8 1.9 18.4

Performance and annual returns

Methodology

The parent index of the Global Solar Energy Index is the STOXX World AC All Cap Index.
A set of size and liquidity screens are applied on the Global Solar Energy Index to capture liquid companies from eligible countries. The Global Solar Energy Index selects companies that generate more than 50% of revenues within the sectors associated with the solar energy theme. Companies with RBICS Focus classification from one of the associated sectors are also selected. 
The index is price-weighted with weighting factors based on free-float market capitalization with high exposure and concentration capping and its composition is reviewed annually in September.

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Price EUR CH1265416417 STXSOLAP .STXSOLAP
Net Return EUR CH1265416276 STXSOLAR .STXSOLAR
Gross Return EUR CH1265416235 STXSOLAG .STXSOLAG
Price USD CH1265416425 STXSOLAL .STXSOLAL
Net Return USD CH1265416326 STXSOLAV STXSOLAV INDEX .STXSOLAV
Gross Return USD CH1265416433 STXSOLAZ .STXSOLAZ

Quick Facts

Weighting Price weighted with a weighting factor and capping factor
Cap Factor 0.1
No. of components Variable
Review frequency Annual - Sep
Calculation/distribution Realtime 15 sec
Calculation hours 00:00:00 22:15:00
Base value/base date 1000 as of Sep. 18, 2017
History Available from Sep. 18, 2017
Inception date June. 26, 2023
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
NEXTRACKER A Energy USA 11.080%
First Solar Inc. Energy USA 9.302%
ENPHASE ENERGY Energy USA 7.426%
XINYI SOLAR HOLDINGS Energy China 5.889%
SUNRUN Utilities USA 5.755%
Chung-Hsin E M Industrial Goods and Services Taiwan 4.646%
ATLANTICA SUSTAINABLE INFRA. Utilities USA 3.292%
CADELER Construction and Materials Norway 3.284%
CENTRAL NEW ENERGY HOLDING GROUP Construction and Materials China 3.218%
SUNGROW POWER SUPPLY 'A' (CCS) Energy China 3.121%

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

4Based on the composition as of November 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.

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.