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BLUE CHIP INDICES

HDAX

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Index Description

The HDAX index portfolio comprises the 40 companies from the DAX, the 50 companies from the MDAX and the 30 companies from the TecDAX. Companies that are included in both the TecDAX and the DAX or MDAX are only included once. As a result, this index includes all large and medium-sized companies on the Regulated Market of Frankfurter Wertpapierboerse (FWB, the Frankfurt Stock Exchange).

Key facts

  • The HDAX index portfolio consists of all companies included in the DAX, MDAX and TecDAX.
  • Components are capped at a maximum weight of 10% on a quarterly basis.
  • The index is free-float market capitalization weighted.

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
HDAX 1,925.0 1,501.0 14.6 4.5 160.6 0.3 10.7 0.0 6.1
Regulated Market All Share 2,414.4 1,786.7 4.6 0.2 244.0 0.0 13.7 N/A N/A

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
HDAX 2.5 14.4 18.1 22.4 40.0 N/A N/A 18.5 7.0 7.0
Regulated Market All Share 2.1 13.0 16.5 20.7 42.9 N/A N/A 16.9 6.5 7.4
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
HDAX N/A N/A 11.9 17.5 20.6 N/A N/A 1.1 0.2 0.2
Regulated Market All Share N/A N/A 11.8 17.0 19.7 N/A N/A 1.0 0.2 0.3
Index to benchmark Correlation Tracking error (%)
HDAX 1.0 1.0 1.0 1.0 1.0 2.1 2.0 1.9 1.5 1.8
Index to benchmark Beta Annualized information ratio
HDAX 1.0 1.0 1.0 1.0 1.0 2.3 0.7 0.7 0.4 -0.1

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

2Based on EURIBOR1M

(EUR, Total Return), all data as of November 29, 2024

BLUE CHIP INDICES

HDAX

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
HDAX 19.1 14.4 16.1 16.1 1.5 N/A 0.9 -1.8
Regulated Market All Share 18.4 13.7 15.5 15.5 1.5 2.6 0.7 -2.2

Performance and annual returns

Methodology

HDAX comprises the companies included in the DAX, MDAX and TecDAX indices. Companies that are included in both TecDAX and DAX or MDAX are considered only once. All index component changes affecting the DAX, MDAX and TecDAX also apply to HDAX.

The detailed HDAX 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 DE0008469974 HKDX HKDX INDEX .GDAXHP
Total Return EUR DE0008469016 HDAX HDAX INDEX .GDAXHI
Total Return USD DE000A1X2Y25 HDAXUSD .X2HZ
Price CHF DE000A161DU2 HDAXPCHF .HDAXKCH
Total Return CHF DE000A161DV0 HDAXCHF .HDAXCHF
Price USD DE000A161DW8 HDAXPUSD .HDAXKUS

Quick Facts

Weighting Free-float market cap
Cap Factor 0.1
No. of components Variable
Review frequency Quarterly
Calculation/distribution realtime 60 sec
Calculation hours 9:00 - 18:00 CET
Base value/base date 500 as of Dec.30, 1987
History Available since Sep. 24, 2012
Inception date Apr. 11, 1994
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 10.700%
SIEMENS Industrial Goods and Services Germany 9.176%
ALLIANZ Insurance Germany 7.626%
DEUTSCHE TELEKOM Telecommunications Germany 7.225%
AIRBUS Industrial Goods and Services Germany 5.786%
MUENCHENER RUECK Insurance Germany 4.405%
DEUTSCHE BOERSE Financial Services Germany 2.804%
INFINEON TECHNOLOGIES Technology Germany 2.681%
BASF Chemicals Germany 2.522%
MERCEDES-BENZ GROUP Automobiles and Parts Germany 2.485%

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

4Based on the composition as of November 29, 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.