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STRATEGY INDICES

STOXX Europe 600 Banks Daily Short 3

Index Description

The STOXX Europe 600 Banks Daily Short 3 aims to replicate the opposite of the daily performance of the STOXX Europe 600 , with a multiplicative factor.

Key facts

  • Provides an exposure that reflects a strong, bearish conviction on the STOXX Europe 600 .
  • Includes borrowing costs on underlying securities and earns a liquidity spread over overnight interest rates on short-sale proceeds and capital.
  • Serves as an underlying for a variety of financial products such as options, futures and ETFs.

Descriptive Statistics

Index Market Cap (EUR ) Components (EUR ) Component weight (%) Turnover (%)
Full Free-float Mean Median Largest Smallest Largest Smallest Last 12 monts
STOXX Europe 600 Banks Daily Short 3 N/A N/A N/A N/A N/A N/A N/A N/A N/A
STOXX Europe 600 Banks N/A N/A N/A N/A N/A N/A N/A N/A N/A

Risk and return figures1

Index returns Return (%) Annualized return (%)
Last month YTD 1Y 3Y 5Y Last month YTD 1Y 3Y 5Y
STOXX Europe 600 Banks Daily Short 3 13.0 -43.4 -57.2 -91.4 1,630.4 N/A N/A -58.0 -56.3 78.1
STOXX Europe 600 Banks -4.3 21.0 33.5 74.8 81.2 N/A N/A 34.2 20.7 12.8
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
STOXX Europe 600 Banks Daily Short 3 N/A N/A 44.1 69.4 43,175.1 N/A N/A -2.1 -1.2 0.0
STOXX Europe 600 Banks N/A N/A 14.7 23.2 28.4 N/A N/A 1.8 0.7 0.4
Index to benchmark Correlation Tracking error (%)
STOXX Europe 600 Banks Daily Short 3 0.1 -0.1 0.0 0.0 0.0 61.8 49.3 46.4 73.9 43,209.3
Index to benchmark Beta Annualized information ratio
STOXX Europe 600 Banks Daily Short 3 0.3 -0.2 0.0 -0.1 -30.1 2.2 -3.3 -2.5 -1.4 0.0

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

2Based on EURIBOR1M

(EUR, Total Return - GR), all data as of June 28, 2024

STRATEGY INDICES

STOXX Europe 600 Banks Daily Short 3

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 Europe 600 Banks Daily Short 3 N/A N/A N/A N/A N/A N/A N/A N/A
STOXX Europe 600 Banks N/A N/A N/A N/A N/A N/A N/A N/A

Performance and annual returns

Methodology

The return of the STOXX Europe 600 is observed daily. Multiple times this return (as stated in the index name), with inverted sign, constitutes the main driver of return in the STOXX Europe 600 Banks Daily Short 3. Additionally, this return is enhanced by the interest earned on proceeds from short-sales and capital, less the borrowing costs on the underlying securities. The detailed methodology including the calculation formula can be found in our rulebook: www.stoxx.com/indices/rulebooks.html

Quick Facts

To learn more about the inception date, the currency, the calculation hours and historical values, please see our data vendor code sheet.

CONTACT DETAILS

  • STOXX customer support
  • P +41 43 430 7272
  • customersupport@stoxx.com
  • https://qontigo.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.