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THEME INDICES

STOXX Global Sharing Economy Drivers

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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 12.7 0.2 0.0 1.2 0.0 9.3 0.0 17.3
STOXX Developed and Emerging Markets Total Market 104,758.7 90,285.1 7.5 0.6 3,608.4 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 8.0 37.7 45.3 19.0 74.7 N/A N/A 46.2 6.0 11.9
STOXX Developed and Emerging Markets Total Market 4.1 20.1 26.6 25.8 73.7 N/A N/A 27.1 8.0 11.8
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
STOXX Global Sharing Economy Drivers N/A N/A 14.5 26.7 25.9 N/A N/A 2.3 0.1 0.4
STOXX Developed and Emerging Markets Total Market N/A N/A 10.5 14.6 17.5 N/A N/A 2.0 0.3 0.6
Index to benchmark Correlation Tracking error (%)
STOXX Global Sharing Economy Drivers 0.7 0.8 0.8 0.9 0.8 8.2 8.2 8.2 15.8 14.4
Index to benchmark Beta Annualized information ratio
STOXX Global Sharing Economy Drivers 1.0 1.1 1.1 1.6 1.3 5.6 1.9 1.7 0.0 0.1

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

2Based on EURIBOR1M

(USD, Gross Return), all data as of November 29, 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 48.2 31.1 29.5 29.5 6.1 0.8 3.4 48.4
STOXX Developed and Emerging Markets Total Market -1.0 20.5 18.9 18.9 3.1 2.4 1.9 18.6

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
Price EUR CH0457523022 STXSEDP .STXSEDP
Gross Return EUR CH0457523055 STXSEDGR .STXSEDGR
Net Return JPY CH0457523006 STXSEDJR STXSEDJR INDEX .STXSEDJR
Gross Return JPY CH0457523063 STXSEDJG STXSEDJG INDEX .STXSEDJG
Price JPY CH0457523030 STXSEDJP .STXSEDJP
Price USD CH0457523048 STXSEDL .STXSEDL
Gross Return USD CH0457523014 STXSEDGV .STXSEDGV
Net Return USD CH0457522982 STXSEDV STXSEDV INDEX .STXSEDV

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.

Top 10 Components4

Company Supersector Country Weight
BOOKING HOLDINGS Travel and Leisure USA 9.342%
Netflix Inc. Media USA 8.976%
Amazon.com Inc. Retail USA 7.728%
MERCADOLIBRE Consumer Products and Services USA 6.188%
SPOTIFY TECHNOLOGY Media USA 5.526%
DOORDASH A Technology USA 5.421%
UNITED RENTALS Industrial Goods and Services USA 4.752%
AIRBNB A Travel and Leisure USA 4.535%
Prosus Technology Netherlands 4.481%
COUPANG A Retail USA 4.184%

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.