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BENCHMARK INDICES

STOXX USA 900 Climate Transition Benchmark

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Index Description

The STOXX CTB Indices are based on liquid securities from a selection of STOXX Benchmark Indices. They follow EU CTB (EU CTB) requirements outlined by the European Commission on climate benchmarks. Companies identified as non-compliant based on Norms-based Screening assessment, or involved in controversial weapons or tobacco, as identified by ISS ESG are not eligible for selection. Furthermore, STOXX will exclude companies that ISS ESG assesses to have significant obstruction in the following UN SDGs: SDG 12 Responsible Consumption and Production, SDG 13 Climate Action, SDG 14 Life Below Water and SDG 15 Life On Land. The weighing process reduces the indices' greenhouse gas intensity by at least 30% when compared to their underlying benchmarks. They are also designed to meet the year on year 7% decarbonization target. STOXX uses the Axioma optimizer to keep the ex-ante tracking error of the index less than or equal to 1.5% relative to the parent index.

Key facts

  • The indices are designed to help investors shift towards a low-carbon economy and align investments to the Paris Climate Agreement
  • Scope 1, Scope 2 and Scope 3 are used across all sectors from the first date of the index construction
  • The indices aim to reduce their greenhouse gases emission intensity by at least 30% when compared to their underlying benchmarks and follow a year on year 7% decarbonization target
  • Sectors key to the low-carbon transition, high climate impact sectors are not underweighted relative to the underlying benchmarks
  • The index maintains a maximum ex-ante tracking error of 1.5% relative to its parent, calculated using the Axioma optimizer.

Descriptive Statistics

Index Market Cap (EUR bn) Components (EUR bn) Component weight (%) Turnover (%)
Full Free-float Mean Median Largest Smallest Largest Smallest Last 12 monts
STOXX USA 900 Climate Transition Benchmark N/A 102.6 0.4 0.1 5.1 0.0 5.0 0.0 28.0
STOXX USA 900 52,825.0 50,715.1 56.4 14.8 3,791.9 3.3 7.5 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 900 Climate Transition Benchmark 2.7 -6.7 3.8 26.1 82.0 N/A N/A 3.9 8.1 12.8
STOXX USA 900 4.7 -2.3 9.1 37.2 95.7 N/A N/A 9.2 11.2 14.5
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
STOXX USA 900 Climate Transition Benchmark N/A N/A 20.0 17.4 18.0 N/A N/A 0.3 0.3 0.6
STOXX USA 900 N/A N/A 21.5 17.9 18.2 N/A N/A 0.3 0.5 0.7
Index to benchmark Correlation Tracking error (%)
STOXX USA 900 Climate Transition Benchmark 0.9 1.0 1.0 1.0 1.0 4.5 6.7 5.4 3.8 3.3
Index to benchmark Beta Annualized information ratio
STOXX USA 900 Climate Transition Benchmark 0.9 0.9 0.9 0.9 1.0 -4.8 -0.5 -0.3 -0.6 -0.4

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

2Based on EURIBOR1M

(EUR, Price), all data as of July 31, 2025

BENCHMARK INDICES

STOXX USA 900 Climate Transition Benchmark

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 900 Climate Transition Benchmark 27.5 21.5 26.7 21.4 6.5 1.0 2.5 24.9
STOXX USA 900 29.8 24.4 27.5 23.9 4.3 1.0 3.1 29.7

Performance and annual returns

Methodology

The STOXX CTB Indices are built from liquid securities within selected STOXX Benchmark Indices and comply with the EU CTB (EU CTB) requirements set by the European Commission. Companies are excluded if identified by ISS ESG as non-compliant through Norms-Based Screening, or if they are involved in controversial weapons or tobacco production. Additionally, companies assessed to significantly obstruct environmental UN Sustainable Development Goals—SDG 12 (Responsible Consumption and Production), SDG 13 (Climate Action), SDG 14 (Life Below Water), and SDG 15 (Life on Land)—are removed from consideration. The index weighting is determined through an optimization process that incorporates carbon risk ratings and corporate climate commitments, targeting at least a 30% reduction in Scope 1+2+3 GHG intensity compared to the benchmark and a minimum 7% annual decarbonization rate. STOXX uses the Axioma Fundamental Factor Medium Horizon Risk Model to ensure the index’s ex-ante tracking error remains below 1.5% relative to the parent index.

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Gross Return EUR CH0545171263 SX9UWCTB .SX9UWCTB
Net Return EUR CH0545171339 SX9URCTB SX9URCTB INDEX .SX9URCTB
Price EUR CH0545171180 SX9UPCTB SX9UPCTB INDEX .SX9UPCTB
Gross Return USD CH0545171305 SX9UZCTB .SX9UZCTB
Net Return USD CH0545171271 SX9UVCTB SX9UVCTB INDEX .SX9UVCTB
Price USD CH0545171636 SX9ULCTB SX9ULCTB INDEX .SX9ULCTB

Quick Facts

Weighting Optimization
Cap Factor 0.045
No. of components Variable
Review frequency Reviewed annually in March and rebalanced quarterly
Calculation/distribution Realtime 15 sec
Calculation hours 15:30:00 22:15:00
Base value/base date 100 as of March 19, 2018
History Available from Mar. 19, 2018
Inception date May. 27, 2020
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
META PLATFORMS CLASS A Technology USA 495.211%
Microsoft Corp. Technology USA 494.584%
Apple Inc. Technology USA 462.593%
VISA Inc. Cl A Industrial Goods and Services USA 373.018%
Johnson & Johnson Healthcare USA 314.024%
TESLA Automobiles and Parts USA 308.361%
MasterCard Inc. Cl A Industrial Goods and Services USA 283.992%
Abbott Laboratories Healthcare USA 263.816%
ALPHABET CLASS C Technology USA 259.363%
Netflix Inc. Media USA 254.447%

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

4Based on the composition as of July 31, 2025

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.