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BENCHMARK INDICES

iSTOXX Italy Small Mid Cap

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Index Description

The iSTOXX Italy Small and Mid Cap Index is derived from STOXX Italy Total Market Index reduced by the constituents of the STOXX Italy 45 to provide a representation of mid and small capitalisation companies in Italy. The index has a variable number of components and is reviewed quarterly. The index is weighted based on the free-float market cap of the selected stocks and no single weight should exceed 5% at review.

Key facts

  • Index allows targeted investment in small and mid size companies in Italy
  • Disjoint set of securieties from two established indices STOXX Italy Total Market and STOXX Italy 45
  • Weighted based on free-float market cap
  • Each security is capped at 5% to achieve a diversification and avoid a dominance of a single stock
  • Transparent and rules-based methodology

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
iSTOXX Italy Small Mid Cap 88.0 37.1 0.5 0.3 1.8 0.0 4.7 0.0 11.8
STOXX Italy Total Market 772.6 510.7 4.0 0.8 49.3 0.0 9.6 0.0 N/A

Supersector weighting (top 10)

Created with Highcharts 9.3.3Chart title17.1% Industrial Goods and Services13% Consumer Products and Services11.6% Financial Services10.9% Construction and Materials8.6% Technology6% Telecommunications5.8% Energy5.7% Utilities3.2% Insurance3.1% BanksHighcharts.com

Country weighting

Created with Highcharts 9.3.3Chart title100% ItalyHighcharts.com

Risk and return figures1

Index returns Return (%) Annualized return (%)
Last month YTD 1Y 3Y 5Y Last month YTD 1Y 3Y 5Y
iSTOXX Italy Small Mid Cap -0.6 -0.6 0.1 10.6 12.9 N/A N/A 0.1 3.5 2.5
STOXX Italy Total Market 1.3 1.3 14.7 40.0 51.9 N/A N/A 14.9 12.0 8.8
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
iSTOXX Italy Small Mid Cap N/A N/A 13.6 17.5 19.4 N/A N/A -0.2 0.1 0.1
STOXX Italy Total Market N/A N/A 15.3 19.0 22.1 N/A N/A 0.7 0.5 0.4
Index to benchmark Correlation Tracking error (%)
iSTOXX Italy Small Mid Cap 0.5 0.5 0.8 0.9 0.9 11.0 11.0 8.1 8.4 9.4
Index to benchmark Beta Annualized information ratio
iSTOXX Italy Small Mid Cap 0.6 0.6 0.8 0.8 0.8 -2.0 -2.0 -1.8 -1.0 -0.8

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

2Based on EURIBOR1M

(EUR, Price), all data as of January 31, 2024

BENCHMARK INDICES

iSTOXX Italy Small Mid Cap

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 Italy Small Mid Cap 22.1 15.9 13.5 13.5 1.3 2.2 0.5 4.1
STOXX Italy Total Market 7.0 8.3 6.8 6.8 1.2 4.1 0.6 10.9

Performance and annual returns

Created with Highcharts 9.3.3Chart titleiSTOXX Italy Small Mid Cap20132014201520162017201820192020202120222023202450010001500200025003000Highcharts.com
Created with Highcharts 9.3.3Chart titleiSTOXX Italy Small Mid CapSTOXX Italy Total Market20172018201920202021202220232024-30-20-10010203040Highcharts.com

Methodology

The index is designed to represent small and mid-sized capitalization companies in Italy. This is achieved by selecting the constituents of the STOXX Italy Total Market that do not qualify for the STOXX Italy 45 index

The iSTOXX Italy Small and Mid Cap Index represents mid and small capitalisation companies with a variable number of components across Italy.

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Price EUR CH0516932230 IXSMCIP IXSMCIP INDEX .IXSMCIP
Net Return EUR CH0516932248 IXSMCIR IXSMCIR INDEX .IXSMCIR
Gross Return EUR CH0516932255 IXSMCIGR IXSMCIGR INDEX .IXSMCIGR

Quick Facts

Weighting Free-float market cap
Cap Factor 0.05
No. of components Variable
Review frequency Quarterly
Calculation/distribution realtime 15 sec
Calculation hours 09:00:00 18:00:00
Base value/base date 1000 as of Dec. 24, 2012
History Available from Dec. 24, 2012
Inception date Jan. 08, 2020
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
TELECOM ITALIA RNC Telecommunications Italy 4.736%
SAIPEM Energy Italy 4.016%
TECHNOPROBE SPA Technology Italy 3.735%
IREN Utilities Italy 3.514%
TECHNOGYM Consumer Products and Services Italy 3.300%
CAREL INDUSTRIES SPA Construction and Materials Italy 2.989%
UNIPOLSAI Insurance Italy 2.765%
TAMBURI INV.PARTNERS SPA Financial Services Italy 2.665%
SOL Chemicals Italy 2.607%
SESA Technology Italy 2.484%

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

4Based on the composition as of January 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.