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SIZE INDICES

STOXX Nordic Mid

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Index Description

The STOXX Nordic Size indices provides a broad yet liquid representation of large, mid, and small cap companies of the Nordic region. The index has a variable number of components.

Key facts

  • Liquid gateway to small, mid, and large caps of the Nordic region
  • Transparent and rules-based methodology
  • Buffer rule applied on parent index level aims to reduce turnover
  • Weighted by free-float market cap

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
STOXX Nordic Mid 391.2 268.8 6.4 6.3 11.7 3.2 4.4 1.2 24.0
STOXX Nordic 1,708.3 1,361.8 11.1 5.5 325.6 1.3 23.9 0.1 3.3

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
STOXX Nordic Mid 0.8 7.5 14.4 -7.3 39.4 N/A N/A 14.6 -2.5 7.0
STOXX Nordic -0.3 5.6 12.0 9.7 66.0 N/A N/A 12.2 3.2 10.8
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
STOXX Nordic Mid N/A N/A 13.4 18.8 20.8 N/A N/A 0.7 -0.3 0.3
STOXX Nordic N/A N/A 13.3 17.6 19.2 N/A N/A 0.6 0.0 0.5
Index to benchmark Correlation Tracking error (%)
STOXX Nordic Mid 0.8 0.8 0.8 0.9 0.9 11.4 9.2 9.0 8.4 7.4
Index to benchmark Beta Annualized information ratio
STOXX Nordic Mid 0.8 0.8 0.8 1.0 1.0 1.2 0.2 0.2 -0.7 -0.5

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

2Based on EURIBOR1M

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

SIZE INDICES

STOXX Nordic Mid

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
STOXX Nordic Mid 22.8 17.8 20.5 20.5 2.0 3.5 1.2 34.3
STOXX Nordic 19.2 17.6 18.0 18.0 2.8 2.9 2.0 25.3

Performance and annual returns

Methodology

The STOXX Nordic Size indices are subsets of the STOXX Europe 600 Size indices, namely the STOXX Europe Large 200, STOXX Europe Mid 200 and STOXX Europe Small 200 indices. The size assignments are based on free-float market cap. For example, the STOXX Nordic Large Index is formed by taking all listed companies in the Nordic region that are in the STOXX Europe Large 200 Index. The detailed methodology including the calculation formula can be found in our rulebook:
www.stoxx.com/indices/rulebooks.html

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Price EUR CH0009117752 KMXP KMXP INDEX .KMXP
Net Return EUR CH0009117869 KMXR KMXR INDEX .KMXR
Net Return USD CH0009117885 KMXI KMXI INDEX .KMXI
Price USD CH0009117844 KMXH KMXH INDEX .KMXH
Net Return DKK CH0037487037 KMXDY KMXDY INDEX .KMXDY
Price DKK CH0037487029 KMXDX KMXDX INDEX .KMXDX
Net Return NOK CH0037486211 KMXNY KMXNY INDEX .KMXNY
Price NOK CH0037486203 KMXNX KMXNX INDEX .KMXNX
Price SEK CH0037485312 KMXX KMXX INDEX .KMXX
Net Return SEK CH0037485338 KMXY KMXY INDEX .KMXY
Gross Return DKK CH0147787680 KMXDZ
Gross Return EUR CH0147795519 KMXGR
Gross Return NOK CH0147795337 KMXNZ
Gross Return SEK CH0147795428 KMXSZ
Gross Return USD CH0147790247 KMXDGV

Quick Facts

Weighting Free-float market cap
Cap Factor 20% on a component level for the Europe, Eurozone and Eastern Europe regions
No. of components Variable
Review frequency Quarterly (Mar., Jun., Sep., Dec.)
To learn more about the inception date, currency versions, calculation hours and historical values, please see ourdata vendor code sheet.

Top 10 Components4

Company Supersector Country Weight
ALFA LAVAL Industrial Goods and Services Sweden 4.365%
ORSTED Utilities Denmark 3.687%
KONGSBERG GRUPPEN Industrial Goods and Services Norway 3.641%
WARTSILA Industrial Goods and Services Finland 3.118%
MOWI Food, Beverage and Tobacco Norway 2.902%
NORSK HYDRO Basic Resources Norway 2.875%
BOLIDEN Basic Resources Sweden 2.872%
SKANSKA B Construction and Materials Sweden 2.744%
A.P.MOLLER-MAERSK B Industrial Goods and Services Denmark 2.702%
HENNES & MAURITZ B Retail Sweden 2.669%

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.