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BLUE CHIP INDICES

DAX UCITS Capped

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Index Description

The DAX UCITS Capped index is an alternative version to DAX. The DAX UCITS Capped index mirrors the DAX index except that components are capped at UCITS bounds to allow for a UCITS compliant benchmarking.

Key facts

  • The DAX UCITS Capped index is methodologically equal to the DAX except that the capping method for index components differs.
  • The DAX UCITS Capped index always contains the same 40 components as DAX.

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
DAX UCITS Capped 1,420.6 1,135.4 28.4 20.9 104.9 5.6 9.2 0.5 8.7
DAX 1,657.3 1,338.1 33.5 20.9 199.2 5.6 14.9 0.4 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
DAX UCITS Capped 1.5 8.8 10.5 14.8 46.0 N/A N/A 10.6 4.7 7.9
DAX 1.5 9.7 11.7 16.3 46.5 N/A N/A 11.9 5.2 7.9
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
DAX UCITS Capped N/A N/A 11.0 17.3 21.0 N/A N/A 0.5 0.1 0.3
DAX N/A N/A 11.2 17.3 21.0 N/A N/A 0.6 0.2 0.3
Index to benchmark Correlation Tracking error (%)
DAX UCITS Capped 1.0 1.0 1.0 1.0 1.0 2.0 1.3 1.1 0.7 0.9
Index to benchmark Beta Annualized information ratio
DAX UCITS Capped 1.0 1.0 1.0 1.0 1.0 0.0 -1.1 -1.1 -0.6 -0.1

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

2Based on EURIBOR1M

(EUR, Net Return), all data as of July 31, 2024

BLUE CHIP INDICES

DAX UCITS Capped

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
DAX UCITS Capped 18.2 12.5 14.4 12.3 1.4 2.5 0.9 18.9
DAX 19.2 13.2 15.7 13.1 1.5 2.5 1.0 19.3

Performance and annual returns

Methodology

For the DAX UCITS Capped index, the same index calculation and index selection rules as for DAX apply. In contrast to DAX, the DAX UCITS Capped index applies a different capping method for index components. For the DAX UCITS Capped index, a 4.5/8.5/35 capping method is used. The procedure is as follows:
Step A) All companies are capped at a maximum of 8.5% using the single cap limit method.
Step B) The components are then ranked from the largest to the smallest (if more than one component has a weight of 8.5% after Step A), the original weight is used to determine the order).
Step C) Maximum weights are determined for the largest five components resulting from Step B). The maximum weights allowed for the largest five components are 8.5%, 7.5%, 7%, 6.5% and 5.5%. All other components are capped at a maximum weight of 4.5%. For example, if the weight of the second-largest component exceeds 7.5%, it is capped at this figure.
Step D) Step C) is repeated until all components meet the restrictions contained in it.
The detailed DAX UCITS Capped index methodology can be found in the DAX Equity Index Methodology Guide.
The detailed index calculation formula can be found in the DAX Equity Index Calculation Guide.

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Price EUR DE000A4049D4 DAXKUC DAXKUC INDEX .DAXKUC
Total Return EUR DE000A4049F9 DAXUC DAXUC INDEX .DAXUC
Net Return EUR DE000A4049E2 DAXNRUC DAXNRUC INDEX .DAXNRUC
Net Return USD DE000A4049H5 DAXNUCUS .DAXNUCUS
Price USD DE000A4049G7 DAXKUCUS .DAXKUCUS

Quick Facts

Weighting Free-float market cap
Cap Factor 4.5/8.5/35
No. of components 40
Review frequency Quarterly
Calculation/distribution realtime, 1 sec
Calculation hours 9:00 - 18:00 CET
Base value/base date 1,000 as of Dec. 29, 2022
History Available since Dec. 19, 2016
Inception date Mar. 18, 2024
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
SAP Technology Germany 9.243%
SIEMENS Industrial Goods and Services Germany 7.381%
ALLIANZ Insurance Germany 7.069%
AIRBUS Industrial Goods and Services Germany 6.195%
DEUTSCHE TELEKOM Telecommunications Germany 5.856%
MUENCHENER RUECK Insurance Germany 4.410%
MERCEDES-BENZ GROUP Automobiles and Parts Germany 3.983%
INFINEON TECHNOLOGIES Technology Germany 3.686%
DEUTSCHE POST Industrial Goods and Services Germany 3.619%
BASF Chemicals Germany 3.388%

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

4Based on the composition as of July 31, 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.