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OPTIMISED INDICES
STOXX Developed World Optimal 100
Index Description
The STOXX Developed World Optimal 100 Index will hold a subset of the components of the STOXX Developed World as of the review effective date. The names and weights held are determined by an optimization that minimized the tracking error to the parent index while holding at most 100 names.
Key facts
- The STOXX Optimal 100 indices track performance of the parent STOXX Indices using a subset of the names in the parent STOXX index.
- The Optimal 100 Index Family can serve as a basis for efficient hedging strategies..
- The Optimal 100 Index Family also aims to reduce any unintended style/industry/country biases when compared to the parent index
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 Developed World Optimal 100 | N/A | 3,301,293.1 | 33,012.9 | 27,009.0 | 171,633.4 | 8,875.7 | 5.2 | 0.3 | N/A |
STOXX Developed World | 73,666.4 | 66,975.4 | 41.1 | 13.3 | 3,321.0 | 0.1 | 5.0 | 0.0 | 2.4 |
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 Developed World Optimal 100 | 2.1 | 11.5 | 20.7 | 26.0 | 77.9 | N/A | N/A | 20.8 | 8.0 | 12.2 |
STOXX Developed World | 2.0 | 11.7 | 20.1 | 20.7 | 72.8 | N/A | N/A | 20.2 | 6.5 | 11.5 |
Index volatility and risk | Annualized volatility (%) | Annualized Sharpe ratio2 | ||||||||
STOXX Developed World Optimal 100 | N/A | N/A | 10.1 | 15.3 | 18.3 | N/A | N/A | 1.6 | 0.4 | 0.6 |
STOXX Developed World | N/A | N/A | 10.0 | 14.9 | 18.0 | N/A | N/A | 1.6 | 0.3 | 0.6 |
Index to benchmark | Correlation | Tracking error (%) | ||||||||
STOXX Developed World Optimal 100 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 0.8 | 1.2 | 1.2 | 1.6 | 1.7 |
Index to benchmark | Beta | Annualized information ratio | ||||||||
STOXX Developed World Optimal 100 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.2 | -0.2 | 0.4 | 0.9 | 0.4 |
1For information on data calculation, please refer to STOXX calculation reference guide
2Based on EURIBOR1M
(USD, Net Return), all data as of June 28, 2024
OPTIMISED INDICES
STOXX Developed World Optimal 100
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 Developed World Optimal 100 | 23.8 | 19.6 | 22.8 | 22.8 | 3.5 | 1.9 | 2.5 | 23.6 |
STOXX Developed World | 24.7 | 19.8 | 22.7 | 22.7 | 3.4 | 1.8 | 2.2 | 25.3 |
Performance and annual returns
Methodology
The STOXX Developed World Optimal 100 Index will hold a subset of the components of the STOXX Developed World as of the review effective date. The names and weights held are determined by an optimization that minimized the tracking error to the parent index while holding at most 100 names.
Index | ISIN | Symbol | Bloomberg | Reuters |
---|---|---|---|---|
Gross Return EUR | CH0122730390 | SWDWOGR | .SWDWOGR | |
Price EUR | CH0122730374 | SWDWOP | .SWDWOP | |
Net Return EUR | CH0122730382 | SWDWOR | .SWDWOR | |
Net Return USD | CH0113195108 | SWDWOV | .SWDWOV | |
Gross Return USD | CH0113195116 | SWDWOGV | .SWDWOGV | |
Price USD | CH0113195090 | SWDWOL | .SWDWOL |
Quick Facts
Weighting | Price weighted with a weighting factor and capping factor |
Cap Factor | na |
No. of components | 100 |
Review frequency | Semi-Annual - Mar and Sep |
Calculation/distribution | End of Day |
Calculation hours | 00:00:00 22:15:00 |
Base value/base date | 1000 as of Dec. 20, 2004 |
History | Available since 20 Dec 2004 |
Inception date | May. 27, 2024 |
To learn more about the inception date, currency versions, calculation hours and historical values, please see our data vendor code sheet. |
OPTIMISED INDICES
STOXX Developed World Optimal 100
Top 10 Components4
Company | Supersector | Country | Weight |
---|---|---|---|
Microsoft Corp. | Technology | USA | 5.199% |
NVIDIA Corp. | Technology | USA | 4.787% |
Apple Inc. | Technology | USA | 4.786% |
Amazon.com Inc. | Retail | USA | 2.905% |
ALPHABET INC. CL A | Technology | USA | 1.869% |
META PLATFORMS CLASS A | Technology | USA | 1.856% |
ALPHABET CLASS C | Technology | USA | 1.825% |
NiSource Inc. | Utilities | USA | 1.669% |
Oversea-Chinese Banking Corp. | Banks | Singapore | 1.482% |
Royal Bank of Canada | Banks | Canada | 1.469% |
3Net dividend yield is calculated as net return index return minus price index return
4Based on the composition as of June 28, 2024