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STRATEGY INDICES

EURO iSTOXX Equal Weight Constant 50

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Index Description

By reducing the uncertainty of the dividend payout ratio of the underlying index compared with the price return version, the EURO iSTOXX Equal Weight Constant 50 Index adds transparency and thus increases the level of predictability. The EURO STOXX 50 Equal Weight Index is the equal weighted version of the EURO STOXX 50 Index, i.e. the exposure to each single company is uniformly distributed. The EURO STOXX 50 Index is the leading benchmark of large-cap companies in the Eurozone covering about 60% of the Eurozone equity market by free-float market cap.

Key facts

  • Replicates the returns of the EURO STOXX 50 Equal Weight Index while assuming a constant dividend
  • Adds transparency and increases level of predictability by reducing dividend payout risk
  • The reduced concentration into single components due to equal weighting makes index performance less dependent on the performance of individual members
  • Smaller companies are more strongly represented in the EURO STOXX 50 Equal Weight Index than in the EURO STOXX 50 Index

Descriptive Statistics

Index Market Cap (EUR ) Components (EUR ) Component weight (%) Turnover (%)
Full Free-float Mean Median Largest Smallest Largest Smallest Last 12 monts
EURO iSTOXX Equal Weight Constant 50 N/A N/A N/A N/A N/A N/A N/A N/A N/A
EURO STOXX 50 Equal Weight N/A N/A N/A N/A N/A N/A N/A N/A N/A

Risk and return figures1

Index returns Return (%) Annualized return (%)
Last month YTD 1Y 3Y 5Y Last month YTD 1Y 3Y 5Y
EURO iSTOXX Equal Weight Constant 50 -3.2 6.9 9.2 12.6 22.3 N/A N/A 9.4 4.1 4.2
EURO STOXX 50 Equal Weight -3.2 5.5 9.5 14.9 30.9 N/A N/A 9.6 4.8 5.6
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
EURO iSTOXX Equal Weight Constant 50 N/A N/A 12.1 17.6 21.0 N/A N/A 0.5 0.1 0.2
EURO STOXX 50 Equal Weight N/A N/A 12.0 17.6 21.0 N/A N/A 0.5 0.2 0.2
Index to benchmark Correlation Tracking error (%)
EURO iSTOXX Equal Weight Constant 50 N/A N/A N/A 0.0 0.0 N/A N/A N/A 25.2 28.5
Index to benchmark Beta Annualized information ratio
EURO iSTOXX Equal Weight Constant 50 N/A N/A N/A 0.0 0.0 N/A N/A N/A 0.3 0.0

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

2Based on EURIBOR1M

(EUR, Price), all data as of June 28, 2024

STRATEGY INDICES

EURO iSTOXX Equal Weight Constant 50

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
EURO iSTOXX Equal Weight Constant 50 N/A N/A N/A N/A N/A N/A N/A N/A
EURO STOXX 50 Equal Weight N/A N/A N/A N/A N/A N/A N/A N/A

Performance and annual returns

Methodology

The index replicates the returns of an investment in the EURO STOXX 50 Equal Weight Gross Return Index while subtracting 50 index points per year. These 50 index points are distributed over a year by the corresponding day-to-day year fraction.
The detailed methodology including the calculation formula can be found in our rulebook: http://www.stoxx.com/indices/rulebooks.html

Quick Facts

No. of components Fixed, indicated in the index name
Calculation/distribution Realtime
Calculation hours 9:00 to 18:00
Base value/base date 1,000 as of Nov. 19, 2014
History Available since Dec. 29, 2000
Inception date Dec. 5, 2014

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.