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THEME INDICES

STOXX Global AI Adopters and Applications

Index Description

The STOXX Global AI Adopters and Applications index is designed to reflect the performance of a set of companies that are benefiting from the advancement of Artificial Intelligence. AI is expected to revolutionize various domains, including healthcare, mobility, finance, process automation and other operational areas. STOXX uses a detailed breakdown of companies’ revenues and their patent data to identify companies that have a significant revenue or innovation exposure to the theme. Revenue breakdown utilizes FactSet RBICS and patent data is sourced from Econsight.

Key facts

  • The index provides targeted exposure to companies that are benefiting from the advancement of AI.
  • Liquidity and size filters ensure replicability of the index.
  • FactSet Revere data allow detailed and accurate revenue breakdown of eligible companies.
  • EconSight's patent data allow identification of innovators in emerging technologies.
  • The index commits to a 20% Sustainable Investment threshold.
  • The index is weighted according to adjusted equal weights.
  • The index is reviewed annually in June.

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 Global AI Adopters and Applications N/A 133.5 1.6 1.8 3.0 0.0 2.3 0.0 N/A
STOXX World AC All Cap 101,762.2 79,506.4 5.8 0.4 3,009.7 0.0 3.8 0.0 2.9

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 Global AI Adopters and Applications 0.2 13.0 17.5 8.1 79.2 N/A N/A 17.5 2.6 12.3
STOXX World AC All Cap -0.1 13.7 18.4 16.9 59.3 N/A N/A 18.4 5.3 9.7
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
STOXX Global AI Adopters and Applications N/A N/A 12.3 16.9 20.1 N/A N/A 1.0 0.0 0.5
STOXX World AC All Cap N/A N/A 10.7 13.4 16.7 N/A N/A 1.2 0.2 0.5
Index to benchmark Correlation Tracking error (%)
STOXX Global AI Adopters and Applications 1.0 0.9 0.9 0.9 0.9 5.1 4.7 4.6 6.1 6.8
Index to benchmark Beta Annualized information ratio
STOXX Global AI Adopters and Applications 1.1 1.1 1.1 1.2 1.1 0.9 -0.2 -0.2 -0.4 0.4

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

2Based on EURIBOR1M

(EUR, Price), all data as of August 30, 2024

THEME INDICES

STOXX Global AI Adopters and Applications

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 Global AI Adopters and Applications 36.7 23.1 27.7 27.7 3.4 1.2 3.2 24.3
STOXX World AC All Cap -0.7 19.3 21.0 21.0 2.9 1.8 1.8 15.3

Performance and annual returns

Methodology

A set of country, size and liquidity screens are applied on the STOXX World AC All Cap Index to capture liquid companies from eligible countries. Additionally, companies that are not compliant with the Sustainalytics Global Standards Screening (GSS) assessment or are involved in Controversial Weapons and other controversial activities are excluded from selection.
After the initial screening, the remaining companies are further screened for both their patent and revenue exposure to the theme to form the eligible universe. A company must have at least one high quality patent within the defined AI Adopters and Applications technologies and have 25% or more revenue generated in at least one of the related sub-themes based on the associated RBICS L6 sectors.
Index components are selected from the eligible universe list according to a two-pillar classification: Innovators and Market leaders. For Innovators selection, companies with 25% or more RBICS Revenue exposure to each sub-theme are ranked in descending order of high-quality patents and the top 20% ranking companies are selected. For Market Leaders selection, companies with 25% or more RBICS Revenue exposure to each sub-theme are ranked in descending order of market share and the top 20% ranking companies are selected.
The index is reviewed annually in June, rebalanced quarterly and constituents are weighted according to adjusted equal weights with SI commitment capping.

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Gross Return EUR CH1362042827 STXAIAPG .STXAIAPG
Net Return EUR CH1362042819 STXAIAPR .STXAIAPR
Price EUR CH1362042801 STXAIAPP .STXAIAPP
Net Return USD CH1362042843 STXAIAPV STXAIAPV INDEX .STXAIAPV
Price USD CH1362042835 STXAIAPL STXAIAPL INDEX .STXAIAPL
Gross Return USD CH1362042850 STXAIAPZ STXAIAPZ INDEX .STXAIAPZ

Quick Facts

Weighting adjusted equal weights
Cap Factor 0.18
No. of components variable
Review frequency reviewed annually in June
Calculation/distribution realtime 15 sec
Calculation hours 00:00:00 22:15:00
Base value/base date 1000 as of Jun. 24, 2019
History Available since 24 Jun 2019
Inception date Sep. 28 2024
To learn more about the inception date, currency versions, calculation hours and historical values, please see our data vendor code sheet.

THEME INDICES

STOXX Global AI Adopters and Applications

Top 10 Components4

Company Supersector Country Weight
PALANTIR TECHNOLOGIES A Technology USA 2.256%
PayPal Holdings Industrial Goods and Services USA 2.042%
Bristol-Myers Squibb Co. Health Care USA 2.035%
International Business Machine Technology USA 2.002%
TESLA Automobiles and Parts USA 1.999%
JPMorgan Chase & Co. Banks USA 1.957%
MOTOROLA SOLUTIONS INC. Telecommunications USA 1.956%
ROCHE HLDG P Health Care Switzerland 1.955%
Intuitive Surgical Inc. Health Care USA 1.946%
Goldman Sachs Group Inc. Financial Services USA 1.937%

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

4Based on the composition as of August 30, 2024