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BENCHMARK INDICES
STOXX Saudi Arabia
Index Description
The STOXX Saudi Arabia Index is a market cap weighted index designed to represent the performance of the Large and Mid Cap companies from Saudi Arabia covering approximately 85% of investable market capitalization. STOXX Saudi Arabia Index is suitable for global investment products which include funds, exchange traded funds, and derivatives and can also be used for further building block approach strategies when appropriate. It follows a robust and modular framework which enables investors to utilize this index for a variety of investment objectives whilst using a consistent approach. It is derived from STOXX World Equity Index series and its countries follow the STOXX World Country Classification Framework.
Key facts
- Broad, yet liquid coverage of Large and Mid cap companies that supports clients' global investment decisions whilst avoiding home biases.
- A consistent and transparent methodology which fully embraces global standards of governance.
- Can serve as a basis for numerous derived strategies.
- Constructed using STOXX World Methodology.
- Its countries follow the STOXX World Country classification framework.
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 Saudi Arabia | 723.4 | 243.3 | 5.7 | 2.3 | 32.7 | 0.8 | 13.4 | 0.3 | 10.8 |
STOXX Emerging Markets | 21,552.2 | 8,099.7 | 3.7 | 0.8 | 689.9 | 0.0 | 8.5 | 0.0 | 7.0 |
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 Saudi Arabia | 4.3 | 3.6 | 6.5 | N/A | N/A | N/A | N/A | 6.4 | N/A | N/A |
STOXX Emerging Markets | 0.4 | 8.7 | 8.3 | -7.8 | 20.2 | N/A | N/A | 8.3 | -2.7 | 3.7 |
Index volatility and risk | Annualized volatility (%) | Annualized Sharpe ratio2 | ||||||||
STOXX Saudi Arabia | N/A | N/A | 14.6 | 15.1 | 15.1 | N/A | N/A | 0.0 | 0.0 | 0.0 |
STOXX Emerging Markets | N/A | N/A | 12.3 | 15.9 | 17.6 | N/A | N/A | 0.3 | -0.3 | 0.1 |
Index to benchmark | Correlation | Tracking error (%) | ||||||||
STOXX Saudi Arabia | 0.3 | 0.2 | 0.3 | 0.2 | 0.2 | 13.5 | 16.6 | 15.7 | 17.9 | 17.9 |
Index to benchmark | Beta | Annualized information ratio | ||||||||
STOXX Saudi Arabia | 0.3 | 0.3 | 0.4 | 0.2 | 0.2 | 3.2 | -0.6 | -0.2 | -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 July 31, 2024
BENCHMARK INDICES
STOXX Saudi Arabia
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 Saudi Arabia | 24.9 | 21.3 | 20.9 | 20.9 | 2.2 | 2.8 | 3.1 | 26.3 |
STOXX Emerging Markets | 16.7 | 13.3 | 15.2 | 15.2 | 1.7 | 2.3 | 0.8 | 30.7 |
Performance and annual returns
Methodology
The STOXX Saudi Arabia Index is a market cap weighted index designed to represent the performance of the Large and Mid Cap companies from Saudi Arabia covering approximately 85% of investable market capitalization. STOXX Saudi Arabia Index is suitable for global investment products which include funds, exchange traded funds, and derivatives and can also be used for further building block approach strategies when appropriate. It follows a robust and modular framework which enables investors to utilize this index for a variety of investment objectives whilst using a consistent approach. It is derived from STOXX World Equity Index series and its countries follow the STOXX World Country Classification Framework.
Index | ISIN | Symbol | Bloomberg | Reuters |
---|---|---|---|---|
Price EUR | CH1169657710 | SWSAP | .SWSAP | |
Net Return EUR | CH1169657694 | SWSAR | .SWSAR | |
Gross Return EUR | CH1169657702 | SWSAGR | .SWSAGR | |
Price USD | CH1169657686 | SWSAL | .SWSAL | |
Net Return USD | CH1169657660 | SWSAV | .SWSAV | |
Gross Return USD | CH1169657678 | SWSAGV | .SWSAGV |
Quick Facts
Weighting | Free-float market capitalization |
Cap Factor | N/A |
No. of components | Variable |
Review frequency | Semi Annual |
Calculation/distribution | Realtime 15 sec |
Calculation hours | 00:00:00 22:15:00 |
Base value/base date | 1000 as of September. 19, 2022 |
History | Available from Sep. 19, 2022 |
Inception date | November. 16, 2022 |
To learn more about the inception date, the currency, the calculation hours and historical values, please see our data vendor code sheet. |
BENCHMARK INDICES
STOXX Saudi Arabia
Top 10 Components4
Company | Supersector | Country | Weight |
---|---|---|---|
AL RAJHI BANK | Banks | Saudi Arabia | 13.432% |
ACWA POWER | Utilities | Saudi Arabia | 10.486% |
THE SAUDI NATIONAL BANK | Banks | Saudi Arabia | 8.515% |
SAUDI BASIC INDUSTRIES | Chemicals | Saudi Arabia | 7.767% |
SAUDI TELECOM | Telecommunications | Saudi Arabia | 7.590% |
SAUDI ARABIAN MINING | Basic Resources | Saudi Arabia | 5.713% |
RIYAD BANK | Banks | Saudi Arabia | 3.459% |
DR SULAIMAN AL HABIB MEDICAL S | Health Care | Saudi Arabia | 3.444% |
SAUDI AWWAL BANK | Banks | Saudi Arabia | 3.052% |
ALINMA BANK | Banks | Saudi Arabia | 2.970% |
3Net dividend yield is calculated as net return index return minus price index return
4Based on the composition as of July 31, 2024