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BENCHMARK INDICES

STOXX USA 400

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Index Description

The STOXX® USA 400 index is a fixed-component index designed to provide a representation of mid-cap companies in the U.S. The STOXX USA 400 index is derived from the STOXX USA 900 index.

Key facts

  • Broad and liquid benchmark for the U.S. mid-cap segment
  • Uses buffers to achieve fixed number of components and maintain stability by controlling index composition changes
  • Strictly rules-based and transparent index methodology

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 USA 400 4,078.7 3,796.8 9.5 8.8 27.1 3.6 0.7 0.1 21.0
STOXX USA 900 57,781.8 55,534.3 61.7 17.6 3,608.4 3.6 6.5 0.0 2.5

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 USA 400 8.6 21.4 32.9 20.0 60.5 N/A N/A 33.2 6.3 10.0
STOXX USA 900 6.5 27.0 33.2 29.9 90.6 N/A N/A 33.8 9.2 13.9
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
STOXX USA 400 N/A N/A 16.0 20.9 25.1 N/A N/A 1.6 0.1 0.3
STOXX USA 900 N/A N/A 12.6 18.1 21.7 N/A N/A 2.0 0.3 0.5
Index to benchmark Correlation Tracking error (%)
STOXX USA 400 0.9 0.8 0.8 0.9 0.9 9.0 8.6 9.1 8.2 9.3
Index to benchmark Beta Annualized information ratio
STOXX USA 400 1.2 1.0 1.0 1.1 1.1 2.8 -0.5 0.0 -0.3 -0.3

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

2Based on EURIBOR1M

(USD, Price), all data as of November 29, 2024

BENCHMARK INDICES

STOXX USA 400

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 USA 400 29.7 21.7 20.9 20.9 3.0 1.3 1.6 9.8
STOXX USA 900 31.5 25.4 28.7 28.7 5.4 1.3 3.1 19.6

Performance and annual returns

Methodology

The universe is the STOXX USA 900. All stocks in the universe are ranked by free-float market cap to produce the index selection list. The index aims to cover the 400 smallest companies in terms of free-float market cap of the index universe.
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
Net Return EUR CH0387163881 SX40UR .SX40UR
Gross Return EUR CH0387163899 SX40UGR .SX40UGR
Price EUR CH0387163865 SX40UP .SX40UP
Net Return USD CH0387163857 SX40UV .SX40UV
Price USD CH0387163907 SX40UL .SX40UL
Gross Return USD CH0387163873 SX40UGV .SX40UGV

Quick Facts

Weighting Free-float market cap
Cap Factor 0.1
No. of components 400
Review frequency Quarterly
Calculation/distribution realtime 15 sec
Calculation hours 15:30:00 22:00:00
Base value/base date 100 as of Jan. 31, 2011
History Available daily back to Dec. 18, 2000
Inception date Nov. 08, 2017
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
ROBINHOOD MARKETS A Financial Services USA 0.713%
INTERACTIVE BROKERS GROUP A Financial Services USA 0.548%
NATERA Health Care USA 0.547%
TOAST A Technology USA 0.529%
KeyCorp Banks USA 0.484%
PENTAIR Industrial Goods and Services USA 0.475%
XPO Industrial Goods and Services USA 0.467%
COMFORT SYS.USA Construction and Materials USA 0.464%
AFFIRM HOLDINGS A Industrial Goods and Services USA 0.461%
SOFI TECHNOLOGIES Financial Services USA 0.460%

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.