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THEME INDICES

STOXX Global Sharing Economy Drivers

Index Description

The STOXX Global Sharing Economy Drivers Index is comprised of companies that are major drivers of the 'sharing economy' trend. The sharing economy is an economic model based on acquiring, providing or sharing access to goods and services via community-based platforms, leading to extensive and productive use of formerly underutilized resources. The index defines 'drivers' as companies that have a significant reciprocal relationship with the sharing economy megatrend, benefiting from it while also contributing to its growth. Revere (RBICS) data allow a detailed breakdown of the revenue sources of the eligible companies, helping this index to select companies with substantial exposure to the sharing economy trend. Furthermore, the index excludes companies identified as non-compliant based on Sustainalytics Global Standards Screening assessment or to be involved with controversial weapons.

Key facts

  • Index allows targeted investment in sharing economy, a significant megatrend.
  • Detailed Revere data helps select companies with a revenue exposure above 50% to sharing economy-related sectors.
  • Index integrates ESG considerations.
  • Liquidity filter ensures replicability.

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
STOXX Global Sharing Economy Drivers N/A 10.9 0.1 0.0 0.9 0.0 8.3 0.0 17.4
STOXX Developed and Emerging Markets Total Market 98,103.9 83,790.9 7.0 0.6 3,321.0 0.0 4.0 0.0 2.6

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 Sharing Economy Drivers 1.5 12.5 26.6 -8.8 35.1 N/A N/A 27.2 -3.0 6.3
STOXX Developed and Emerging Markets Total Market 1.9 10.7 19.4 17.8 68.6 N/A N/A 19.8 5.7 11.1
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
STOXX Global Sharing Economy Drivers N/A N/A 17.3 26.8 25.9 N/A N/A 1.2 -0.2 0.2
STOXX Developed and Emerging Markets Total Market N/A N/A 10.0 14.4 17.4 N/A N/A 1.5 0.3 0.6
Index to benchmark Correlation Tracking error (%)
STOXX Global Sharing Economy Drivers 0.8 0.8 0.9 0.9 0.8 5.9 8.6 10.0 16.1 14.5
Index to benchmark Beta Annualized information ratio
STOXX Global Sharing Economy Drivers 1.2 1.4 1.5 1.6 1.3 -0.8 0.4 0.6 -0.5 -0.3

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

2Based on EURIBOR1M

(USD, Gross Return), all data as of June 28, 2024

THEME INDICES

STOXX Global Sharing Economy Drivers

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 Sharing Economy Drivers 54.5 24.6 22.6 22.6 4.8 0.7 2.7 31.2
STOXX Developed and Emerging Markets Total Market -3.4 19.3 20.5 20.5 2.8 2.4 1.7 20.2

Performance and annual returns

Methodology

The parent index is the STOXX Developed and Emerging Markets Total Market Index. The index applies two screens. First, only stocks with a 3-month median daily trading volume greater than EUR 1,000,000 are included. Secondly, only companies with revenue exposure of more than 50% to sectors that STOXX deems to fall under the 'Sharing Economy Drivers' theme are included. Companies identified as non-compliant based on Sustainalytics Global Standards Screening assessmentor to be involved with controversial weapons are excluded.

The index is weighted proportionally to the free-float market cap of the selected stocks multiplied by their aggregate revenue exposure to the defined RBICS sectors. Weights are capped according to the following constraints: the sum of all weights above 4.5% should not exceed 35%, and no single weight should exceed 8%.

The index composition is reviewed annually. Index weighting cap factors are recalculated quarterly.


The detailed methodology including the calculation formula and the list of sectors can be found in our rulebooks: www.stoxx.com/rulebooks

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Net Return EUR CH0457522990 STXSEDR .STXSEDR
Gross Return EUR CH0457523055 STXSEDGR .STXSEDGR
Price EUR CH0457523022 STXSEDP .STXSEDP
Gross Return JPY CH0457523063 STXSEDJG STXSEDJG INDEX .STXSEDJG
Price JPY CH0457523030 STXSEDJP .STXSEDJP
Net Return JPY CH0457523006 STXSEDJR STXSEDJR INDEX .STXSEDJR
Gross Return USD CH0457523014 STXSEDGV .STXSEDGV
Net Return USD CH0457522982 STXSEDV STXSEDV INDEX .STXSEDV
Price USD CH0457523048 STXSEDL .STXSEDL

Quick Facts

Weighting Weights are determined proportionally to market cap times the total revenue exposure to relevant RBICS sectors
Cap Factor Sum of weights above 4.5% not to exceed 35%. No single weight to exceed 8%
No. of components Variable
Review frequency Components are reviewed annually, weighting factors are recalculated quarterly
Calculation/distribution dayend
Calculation hours 22:00:00 22:00:00
Base value/base date 100 as of Jun. 18, 2012
History Available daily as of Jun 18, 2012
Inception date Jan. 30, 2019
To learn more about the inception date, the currency, the calculation hours and historical values, please see our data vendor code sheet.

THEME INDICES

STOXX Global Sharing Economy Drivers

Top 10 Components4

Company Supersector Country Weight
Amazon.com Inc. Retail USA 8.342%
AIRBNB A Travel and Leisure USA 8.236%
Netflix Inc. Media USA 8.198%
BOOKING HOLDINGS Travel and Leisure USA 8.152%
MERCADOLIBRE Consumer Products and Services USA 4.641%
UNITED RENTALS Industrial Goods and Services USA 4.598%
SPOTIFY TECHNOLOGY Media USA 4.577%
eBay Inc. Consumer Products and Services USA 4.466%
Prosus Technology Netherlands 4.310%
COUPANG A Retail USA 4.309%

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

4Based on the composition as of June 28, 2024