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STYLE INDICES

iSTOXX MUTB Japan Quality 150

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Index Description

The iSTOXX MUTB Japan Quality 150 Index aims to capture the performance of quality companies with high profitability, low leverage and sustainable cash flows in Japan. The component selection is based on a combined ranking of four fundamentals ratios (return on equity, debt-to-capital, cash flow generation ability and business stability). Stocks need to fulfill minimum liquidity criteria before being added to the index.

Key facts

  • Pure quality play with large investability
  • Ideal for market participants seeking exposure to the Japanese market while only investing in quality stocks with sustainable profitability
  • Diversification through broad selection and capping of component weights to 2%

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
iSTOXX MUTB Japan Quality 150 1,536.8 1,252.8 8.4 4.6 29.0 0.5 2.3 0.0 49.3
STOXX Japan 600 5,837.4 5,005.1 8.3 2.7 208.6 0.6 4.2 0.0 2.0

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
iSTOXX MUTB Japan Quality 150 0.7 7.1 12.8 -0.8 21.9 N/A N/A 12.8 -0.3 4.0
STOXX Japan 600 0.7 7.7 12.4 9.5 24.5 N/A N/A 12.6 3.1 4.5
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
iSTOXX MUTB Japan Quality 150 N/A N/A 22.4 20.6 19.8 N/A N/A 0.4 -0.1 0.2
STOXX Japan 600 N/A N/A 22.8 20.0 19.6 N/A N/A 0.4 0.0 0.2
Index to benchmark Correlation Tracking error (%)
iSTOXX MUTB Japan Quality 150 1.0 1.0 1.0 1.0 1.0 3.9 4.3 4.4 5.2 5.5
Index to benchmark Beta Annualized information ratio
iSTOXX MUTB Japan Quality 150 1.0 1.0 1.0 1.0 1.0 -0.1 0.0 0.2 -0.4 0.0

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

2Based on EURIBOR1M

(USD, Net Return), all data as of November 29, 2024

STYLE INDICES

iSTOXX MUTB Japan Quality 150

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
iSTOXX MUTB Japan Quality 150 16.2 16.6 16.2 16.2 2.3 1.6 1.5 30.4
STOXX Japan 600 14.7 14.7 14.3 14.3 1.4 1.8 1.0 24.3

Performance and annual returns

Methodology

The component universe is derived from the STOXX Japan 600 Index. From the eligible components, the index selects the top ranked stocks based on a composite score based on four fundamentals ratios (return on equity, debt-to-asset, cash flow generation ability and business stability). Stocks also need to fulfill minimum liquidity criteria before being added to the index. The component selection is conducted semi-annually in June and December.

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Gross Return EUR CH0289281922 ISXMJQGR .ISXMJQGR
Net Return EUR CH0289281914 ISXMJQR .ISXMJQR
Price EUR CH0289281906 ISXMJQP .ISXMJQP
Net Return JPY CH0289281971 ISXMJQYN ISXMJQYN INDEX .ISXMJQYN
Price JPY CH0289281963 ISXMJQYP ISXMJQYP INDEX .ISXMJQYP
Gross Return JPY CH0289281989 ISXMJQYG ISXMJQYG INDEX .ISXMJQYG
Gross Return USD CH0289281955 ISXMJQGV .ISXMJQGV
Net Return USD CH0289281948 ISXMJQV .ISXMJQV
Price USD CH0289281930 ISXMJQL .ISXMJQL

Quick Facts

Weighting Market cap weighted
Cap Factor 2%
No. of components 150 at the review / deletions not replaced
Review frequency Semi-annually in Jun. and Dec.
Calculation/distribution Real-time for JPY versions, end-of-day rest
Calculation hours 00:00 CET to 18:00 CET
Base value/base date 100 on Jun. 18, 2001
History Available back to Jun. 18, 2001
Inception date Aug. 4, 2015
To learn more about the inception date, the currency, the calculation hours and historical values, please see our data vendor code sheet.

Top 10 Components4

Company Supersector Country Weight
RECRUIT HOLDINGS Industrial Goods and Services Japan 2.312%
Nintendo Co. Ltd. Consumer Products and Services Japan 2.247%
Fast Retailing Co. Ltd. Retail Japan 2.241%
SONY GROUP CORP. Consumer Products and Services Japan 2.213%
Hitachi Ltd. Industrial Goods and Services Japan 2.141%
Mitsui & Co. Ltd. Industrial Goods and Services Japan 2.122%
Tokio Marine Holdings Inc. Insurance Japan 2.105%
Disco Corp. Technology Japan 2.089%
Komatsu Ltd. Industrial Goods and Services Japan 2.084%
Sompo Holdings Insurance Japan 2.077%

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.