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Index Description

The STOXX Europe Total Market Leaders Index is comprised of companies with significant market share exposure through direct revenue exposure. The index aims to capture European companies that are considered global leaders in their market segments. Revere Revenue dataset allows detailed breakdown of the revenue sources of the eligible companies.

Key facts

  • The index provides targeted exposure to companies that are considered global leaders.
  • Liquidity and size filters ensure replicability of the index.
  • FactSet Revere data allow detailed and accurate revenue breakdown of eligible companies.
  • The index is weighted according to free float market capitalization with capping factor.
  • The index is reviewed annually in September.

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 Europe Total Market 14,973.2 11,335.7 6.0 0.9 356.8 0.0 3.1 0.0 3.2
STOXX Global Total Market 87,008.3 73,740.6 6.4 0.7 2,840.9 0.0 3.9 0.0 2.6

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 Europe Total Market 1.8 3.1 9.6 29.6 48.1 N/A N/A 9.7 9.1 8.3
STOXX Global Total Market 4.5 6.7 20.1 36.1 71.8 N/A N/A 20.3 10.9 11.6
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
STOXX Europe Total Market N/A N/A 11.3 14.8 17.7 N/A N/A 0.5 0.5 0.4
STOXX Global Total Market N/A N/A 10.3 13.2 16.7 N/A N/A 1.4 0.7 0.6
Index to benchmark Correlation Tracking error (%)
STOXX Europe Total Market 0.5 0.3 0.5 0.6 0.7 8.3 10.5 10.6 13.0 12.9
Index to benchmark Beta Annualized information ratio
STOXX Europe Total Market 0.4 0.3 0.6 0.6 0.8 -3.9 -2.1 -0.9 -0.2 -0.3

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

2Based on EURIBOR1M

(EUR, Net Return), all data as of February 29, 2024

BENCHMARK INDICES

STOXX Europe Total Market

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 Europe Total Market 16.4 13.5 13.4 13.3 1.9 2.9 1.2 20.4
STOXX Global Total Market 22.4 17.2 19.0 16.6 2.7 2.0 1.6 27.9

Performance and annual returns

Methodology

A set of country, size, and liquidity screens is applied to the STOXX Global Total Market Index to capture liquid companies from eligible countries. After the initial screening, the remaining companies are further evaluated for revenue exposure to the theme to form the eligible universe. Index components are selected from the eligible universe based on the following criteria: Market Share Leadership, Competitive Advantage, and Profitability.
Market Share Leadership: Companies with revenue from their respective sector equal to or greater than 1 million EUR must have a market share of 40% or higher.
Competitive Advantage: Companies must rank in the top 50% of their subtheme group in R&D Expense/Book Value or Intangible Assets Value/Book Value.
Profitability: Companies must have a Gross Margin greater than or equal to 50% or rank in the top 25% of their subtheme group in Gross Margin or Return on Assets (ROA).
The index is reviewed annually in September, rebalanced quarterly, and constituents are weighted according to free-float market capitalization and a maximum company weight.

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Price EUR CH0009119717 BKXP BKXP INDEX .BKXP
Net Return EUR CH0009119766 BKXR BKXR INDEX .BKXR
Price USD CH0009119758 BKXL BKXL INDEX .BKXL
Net Return USD CH0009119782 BKXV BKXV INDEX .BKXV
Gross Return EUR CH0147787573 BKXGR
Gross Return USD CH0147790130 BKXGV

Quick Facts

Weighting Free Float MCAP with capping factor
Cap Factor 0.045
No. of components Variable
Review frequency Annually in September and quarterly rebalance in December, March, June and September
Calculation/distribution realtime 15 sec
Calculation hours 09:00:00 18:00:00
Base value/base date 1000 as of Sep. 22, 2014
History Available since 22 Sep 2014
Inception date Feb 27, 2025
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
NOVO NORDISK B Health Care Denmark 3.147%
ASML HLDG Technology Netherlands 3.096%
NESTLE Food, Beverage and Tobacco Switzerland 2.268%
LVMH MOET HENNESSY Consumer Products and Services France 1.923%
NOVARTIS Health Care Switzerland 1.697%
SHELL Energy UK 1.685%
ASTRAZENECA Health Care UK 1.595%
SAP Technology Germany 1.558%
ROCHE HLDG P Health Care Switzerland 1.508%
TOTALENERGIES Energy France 1.255%

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

4Based on the composition as of February 29, 2024