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THEME INDICES

STOXX Global Electric Vehicles & Driving Technology

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Index Description

The STOXX Global Electric Vehicles & Driving Technology Index is comprised of companies from selected countries exposed to a defined theme: electric vehicles and assisted-driving technologies. This includes firms which are involved in the manufacturing of electric vehicles, electric vehicle batteries and charging equipment, driving technologies and suppliers in the electric vehicle manufacturers’ supply chain. These companies, or components of their business lines, are expected to benefit from long-term structural trends driving economic change and which, in the future, may have a substantial impact on their performance. Revere (RBICS) data allows a detailed breakdown of the revenue sources of the eligible companies, helping this index to select companies with substantial exposure to the respective themes. In addition, the index uses FactSet’s supply chain relationship data, which exposes business relationship interconnections among companies, providing pure exposure to the theme. The index is also taking ESG considerations into account. Companies that are non-compliant with the Global Standards Screening (GSS) or are involved in Controversial Weapons activities, or display a Severe (Category 5) Controversy Rating, as identified by Sustainalytics, are excluded. Additional exclusion filters are incorporated, screening companies for involvement in Weapons (Small Arms and Military Contracting), Unconventional Oil & Gas (Arctic Oil and Gas Exploration, Oil Sands and Shale Energy), Conventional Oil & Gas, Thermal Coal, Nuclear Power and Tobacco.

Key facts

  • Index allows targeted investment in Electric and Autonomous vehicles - a long-term structural trend.
  • Based on FactSet Revere data for a detailed revenue breakdown.
  • Leveraging supply chain relationship data to capture pure-play companies.
  • Inclusion of size and liquidity filters to ensure replicability of the index.
  • Leveraging sustainability data from leading provider (Sustainalytics) to avoid exposure to companies engaged in controversial activities.

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 Electric Vehicles & Driving Technology N/A 8.7 0.1 0.1 0.3 0.0 3.0 0.0 32.3
STOXX Global Total Market 74,506.5 62,913.1 5.6 0.6 2,377.9 0.0 3.8 0.0 2.6

Supersector weighting (top 10)

Created with Highcharts 9.3.3Chart title57.3% Automobiles and Parts21.3% Technology17.4% Industrial Goods and Services2.6% Consumer Products and Services1.2% Basic Resources0.1% Chemicals0.1% EnergyHighcharts.com

Country weighting

Created with Highcharts 9.3.3Chart title38.1% USA17.3% Japan13.6% South Korea7.9% Germany5.2% Italy5.1% France3% Taiwan2.3% Switzerland2.1% Hong Kong2% BrazilHighcharts.com

Risk and return figures1

Index returns Return (%) Annualized return (%)
Last month YTD 1Y 3Y 5Y Last month YTD 1Y 3Y 5Y
STOXX Global Electric Vehicles & Driving Technology -12.6 5.3 -1.2 25.6 34.9 N/A N/A -1.2 8.0 6.2
STOXX Global Total Market -3.2 7.2 2.3 35.1 51.5 N/A N/A 2.4 10.6 8.8
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
STOXX Global Electric Vehicles & Driving Technology N/A N/A 17.2 18.9 21.1 N/A N/A -0.2 0.3 0.3
STOXX Global Total Market N/A N/A 11.8 13.6 17.0 N/A N/A 0.0 0.7 0.5
Index to benchmark Correlation Tracking error (%)
STOXX Global Electric Vehicles & Driving Technology 0.8 0.8 0.8 0.8 0.8 10.6 10.3 10.2 10.6 11.4
Index to benchmark Beta Annualized information ratio
STOXX Global Electric Vehicles & Driving Technology 1.2 1.2 1.2 1.2 1.0 -11.4 -0.2 -0.3 -0.2 -0.2

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

2Based on EURIBOR1M

(EUR, Net Return), all data as of October 31, 2023

THEME INDICES

STOXX Global Electric Vehicles & Driving Technology

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 Electric Vehicles & Driving Technology 15.3 11.5 9.9 8.8 1.2 1.2 0.5 13.1
STOXX Global Total Market -1.0 13.9 13.9 13.9 0.1 1.7 1.3 6.2

Performance and annual returns

Created with Highcharts 9.3.3Chart titleSTOXX Global Electric Vehicles & Driving Technology2013201420152016201720182019202020212022202301k2k3k4k5kHighcharts.com
Created with Highcharts 9.3.3Chart titleSTOXX Global Electric Vehicles & Driving TechnologySTOXX Global Total Market20162017201820192020202120222023-30-20-10010203040Highcharts.com

Methodology

The parent index of the STOXX Global Electric Vehicles & Driving Technology Index is the STOXX World AC All Cap Index. Companies, classified as belonging to a defined set of developed and emerging countries, that derive more than 50% of their most recent total annual revenue from sectors linked to electric and autonomous vehicle manufacturing are highlighted as potential index components. Companies with more than 50% exposure to sectors linked to batteries and components used in electric and autonomous vehicles are also highlighted as potential components. Then the supply chain relationship of the above groups is examined to identify other potential components. The index excludes companies that are not compliant with the Sustainalytics Global Standards Screening assessment or are involved in Controversial Weapons and other controversial activities. Moreover, companies that display high ESG Controversy Ratings are also excluded.

The index applies liquidity and size screens and aims to have a minimum number of 80 components. It is adjusted equal-weighted and reviewed annually.

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Price EUR CH0438149848 STXELVP .STXELVP
Net Return EUR CH0438592302 STXELVR .STXELVR
Price USD CH0438592310 STXELVL STXELVL INDEX .STXELVL
Gross Return USD CH0438592328 STXELVGV STXELVGV INDEX .STXELVGV
Net Return USD CH0438592336 STXELVV STXELVV INDEX .STXELVV
Gross Return EUR CH0438592294 STXELVGR .STXELVGR

Quick Facts

Weighting Adjusted Equal-weighted
Cap Factor None
No. of components Min. 80
Review frequency Annual in June
Calculation/distribution realtime 15 sec
Calculation hours 00:00:00 22:15:00
Base value/base date 1000 on 18 June 2012
History Available from June. 18, 2012
Inception date Oct. 24, 2018
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
STELLANTIS Automobiles and Parts Italy 3.030%
EATON CORP. PLC Industrial Goods and Services USA 2.948%
Suzuki Motor Corp. Automobiles and Parts Japan 2.866%
NVIDIA Corp. Technology USA 2.820%
RIVIAN AUTOMOTIVE A Automobiles and Parts USA 2.684%
Honda Motor Co. Ltd. Automobiles and Parts Japan 2.663%
Garmin Ltd. Consumer Products and Services USA 2.585%
Qualcomm Inc. Technology USA 2.494%
KIA CORPORATION Automobiles and Parts South Korea 2.429%
Denso Corp. Automobiles and Parts Japan 2.409%

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

4Based on the composition as of October 31, 2023

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.