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ENVIRONMENTAL SOCIAL GOVERNANCE INDICES

STOXX Europe 600 Banks ESG-X

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Index Description

The STOXX Benchmark ESG-X Indices are based on a selection of STOXX Benchmark Indices and apply standardized ESG exclusion screens. The screens are based on the responsible policies of leading asset owners and aim to reduce reputational and idiosyncratic risks. STOXX excludes companies that Sustainalytics considers to be non-compliant based on Sustainalytics Global Standards Screening assessment, that are involved in Controversy Rating, ESG Risk Rating, Unconventional Oil & Gas, Small Arms, Military Weapons, Controversial Weapons, are tobacco producers, or that either derive revenues from thermal coal extraction or exploration or have power generation capacity that utilizes thermal coal. STOXX Benchmark ESG-X Indices are suitable as underlying indices for mandates, passive funds, ETFs, structured products, and listed derivatives, with the ambition to increase liquidity and lower the cost of trading.

Key facts

  • ESG screened versions of STOXX Benchmark Indices.
  • Screens are based on responsible policies and aim to reduce reputational and idiosyncratic risks.
  • Screening provided by award-winning ESG data provider Sustainalytics.
  • Transparent free-float market cap weighting scheme.
  • Low tracking error with similar risk-return profile compared to their underlying indices.
  • Suitable as underlying for mandates, passive funds, ETFs, structured products.

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 Europe 600 Banks ESG-X 1,309.7 1,133.6 24.1 16.1 168.5 2.4 14.9 0.2 3.9
STOXX Europe 600 Banks 1,309.7 1,133.6 24.1 16.1 168.5 2.4 14.9 0.2 3.5

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 Europe 600 Banks ESG-X -1.8 25.0 45.7 49.2 76.6 N/A N/A 46.3 14.4 12.2
STOXX Europe 600 Banks -1.8 24.9 45.5 49.3 77.0 N/A N/A 46.1 14.4 12.2
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
STOXX Europe 600 Banks ESG-X N/A N/A 18.0 26.4 30.6 N/A N/A 1.9 0.4 0.3
STOXX Europe 600 Banks N/A N/A 18.0 26.4 30.5 N/A N/A 1.9 0.4 0.3
Index to benchmark Correlation Tracking error (%)
STOXX Europe 600 Banks ESG-X 1.0 1.0 1.0 1.0 1.0 0.0 0.1 0.1 0.1 0.5
Index to benchmark Beta Annualized information ratio
STOXX Europe 600 Banks ESG-X 1.0 1.0 1.0 1.0 1.0 0.6 1.5 1.6 -0.3 0.0

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

2Based on EURIBOR1M

(USD, Net Return), all data as of October 31, 2024

ENVIRONMENTAL SOCIAL GOVERNANCE INDICES

STOXX Europe 600 Banks ESG-X

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 ESG-X 7.3 7.0 7.3 7.3 0.8 7.6 7.4 -52.8
STOXX Europe 600 Banks 7.3 7.0 7.3 7.3 0.8 7.6 7.4 -52.8

Performance and annual returns

Methodology

The STOXX Benchmark ESG-X Indices are based on a selection of STOXX Benchmark Indices and apply standardized ESG exclusion screens.

STOXX excludes companies that Sustainalytics considers to be non-compliant based on Sustainalytics Global Standards Screening assessment, that are involved in Controversy Rating, ESG Risk Rating, Unconventional Oil & Gas, Small Arms, Military Weapons, Controversial Weapons (anti-personnel mines, biological and chemical weapons, cluster weapons, depleted uranium, nuclear weapons and white phosphorus weapons), are tobacco producers, or that either derive revenues from thermal coal extraction or exploration, or have power generation capacity that utilizes thermal coal.

The indices are reviewed quarterly and components are weighted by free float market cap, with a maximum capped weight of 10% for the EURO STOXX 50 ESG-X Index, and 20% for the remaining Benchmark ESG-X Indices.

Deleted companies are not replaced.

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Net Return EUR CH0476173775 SX7RESGX SX7RESGX INDEX .SX7RESGX
Price EUR CH0476174575 SX7PESGX SX7PESGX INDEX .SX7PESGX
Gross Return EUR CH0476174377 SX7WESGX SX7WESGX INDEX .SX7WESGX
Price USD CH0476173999 SX7LESGX .SX7LESGX
Gross Return USD CH0476173833 SX7ZESGX .SX7ZESGX
Net Return USD CH0476174641 SX7VESGX .SX7VESGX

Quick Facts

Weighting Free-float market cap weighted
Cap Factor 0.2
No. of components Variable
Review frequency Quarterly
Calculation/distribution Dayend
Calculation hours 18:00:00 18:00:00
Base value/base date 100 as of March. 19, 2012
History Available from Mar. 19, 2012
Inception date May. 29, 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
HSBC Banks UK 14.865%
BCO SANTANDER Banks Spain 6.666%
BNP PARIBAS Banks France 6.416%
UNICREDIT Banks Italy 6.378%
INTESA SANPAOLO Banks Italy 6.083%
BCO BILBAO VIZCAYA ARGENTARIA Banks Spain 5.051%
ING GRP Banks Netherlands 4.959%
BARCLAYS Banks UK 3.949%
LLOYDS BANKING GRP Banks UK 3.755%
NORDEA BANK Banks Finland 3.614%

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

4Based on the composition as of October 31, 2024

ENVIRONMENTAL SOCIAL GOVERNANCE INDICES

STOXX Europe 600 Banks ESG-X

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.