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OPTIMISED INDICES

STOXX World Equity Factor ESG Low Carbon Target

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Index Description

The STOXX World Equity Factor ESG Low Carbon Target Index is designed to enhance exposure to a multi-factor alpha signal—comprising Momentum, Quality, Value, Low Volatility, and Size—while maintaining close alignment with its parent index, the STOXX Developed World Index. The STOXX World Equity Factor ESG Low Carbon Target Index is designed to enhance exposure to a multi-factor alpha signal—comprising Momentum, Quality, Value, Low Volatility, and Size—while maintaining close alignment with its parent index, the STOXX Developed World Index. The index uses Sustainalytics and ISS ESG data, excludes companies involved in controversial activities - such as weapons, tobacco, and thermal coal - and through an optimization process improves ESG performance relative to the parent index and targets a minimum 50% reduction in Scope 1+2 greenhouse gas intensity. The methodology balances factor exposure, diversification, and liquidity constraints.

Key facts

  • The index maximizes exposure to a proprietary multi-factor alpha signal—comprising Quality (36%), Momentum (27%), Value (27%), Low Volatility (5%), and Size (5%).
  • The index uses Axioma’s optimization capabilities to maintain a low tracking error to the STOXX Developed World Index while enforcing a minimum 50% reduction in Scope 1+2 GHG intensity and improving ESG score relative to the parent index.
  • The index excludes companies based on Global Standards Screening, Controversy Rating, Controversial Weapons, Tobacco, Thermal Coal, and Small Arms involvement.
  • Constraints are applied to ensure diversification, liquidity, and risk control, including limits on issuer weights, sector and country exposures, and turnover.

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 World Equity Factor ESG Low Carbon Target N/A 116.3 0.4 0.2 6.0 0.0 5.2 0.0 20.1
STOXX Developed World 92,094.1 84,057.4 54.2 16.7 4,532.0 0.1 5.4 0.0 2.5

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
STOXX World Equity Factor ESG Low Carbon Target 1.1 24.0 24.0 74.9 79.7 N/A N/A 24.0 20.4 12.4
STOXX Developed World 0.8 21.3 21.3 77.8 75.5 N/A N/A 21.3 21.1 11.9
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
STOXX World Equity Factor ESG Low Carbon Target N/A N/A 14.1 12.2 14.2 N/A N/A 1.5 1.3 0.7
STOXX Developed World N/A N/A 14.8 12.5 14.4 N/A N/A 1.3 1.3 0.7
Index to benchmark Correlation Tracking error (%)
STOXX World Equity Factor ESG Low Carbon Target 1.0 1.0 1.0 1.0 1.0 2.2 2.7 2.7 2.5 2.5
Index to benchmark Beta Annualized information ratio
STOXX World Equity Factor ESG Low Carbon Target 1.0 0.9 0.9 1.0 1.0 1.4 0.8 0.8 -0.2 0.1

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

2Based on EURIBOR1M

(USD, Net Return), all data as of December 31, 2025

OPTIMISED INDICES

STOXX World Equity Factor ESG Low Carbon Target

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 World Equity Factor ESG Low Carbon Target 21.4 16.7 19.9 16.6 2.9 1.7 1.5 15.3
STOXX Developed World 25.6 22.0 24.5 21.7 3.7 1.4 2.7 8.4

Performance and annual returns

Methodology

The STOXX World Equity Factor ESG Low Carbon Target Index is constructed by maximizing the index exposure to a multi-factor alpha signal while satisfying a set of constraints intended to closely track its parent index. The index has business involvement, norms and controversies exclusions while reducing its greenhouse gas (GHG) intensity relative to its parent index as well as improving or maintaining its exposure to ISS ESG Performance Score w.r.t its parent index. This index has versions in Price, net return and gross return in EUR, USD, and GBP and it follows STOXX Global Calendar as Dissemination calendar.

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Net Return EUR CH1362052024 SWEFLER .SWEFLER
Price EUR CH1362052016 SWEFLEP .SWEFLEP
Gross Return EUR CH1362052032 SWEFLEG .SWEFLEG
Price GBP CH1362052073 SWEFLGP .SWEFLGP
Gross Return GBP CH1362052099 SWEFLGG SWEFLGG INDEX .SWEFLGG
Net Return GBP CH1362052081 SWEFLGR SWEFLGR INDEX .SWEFLGR
Price USD CH1362052040 SWEFLUP .SWEFLUP
Gross Return USD CH1362052065 SWEFLUG .SWEFLUG
Net Return USD CH1362052057 SWEFLUR .SWEFLUR

Quick Facts

Weighting Price weighted
Cap Factor N/A
No. of components Variable
Review frequency Quaterly
Calculation/distribution Realtime 15 sec
Calculation hours 00:00:00 22:30:00
Base value/base date 100 on December 21. 2020
History N/A
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
NVIDIA Corp. Technology USA 5.163%
Apple Inc. Technology USA 4.291%
Microsoft Corp. Technology USA 4.228%
ALPHABET CLASS C Technology USA 3.181%
BROADCOM Technology USA 2.141%
Amazon.com Inc. Retail USA 1.917%
Capital One Financial Corp. Industrial Goods and Services USA 1.861%
McKesson Corp. Personal Care, Drug and Grocery Stores USA 1.507%
Manulife Financial Corp. Insurance Canada 1.447%
GENERAL MOTORS Automobiles and Parts USA 1.426%

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

4Based on the composition as of December 31, 2025

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.