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BENCHMARK INDICES

STOXX Europe 600 Top 20

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Index Description

The STOXX Europe 600 Top 20 index is designed to capture the performance of the top 20 largest stocks, by their free-float market cap, of the STOXX Europe 600 Index.

Key facts

  • Index provides an exposure to the 20 largest European stocks.
  • The index is designed to serve as a highly liquid underlying for financial products.
  • Weighted by free-float market capitalization.

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 Europe 600 Top 20 3,488.0 3,214.4 160.7 146.9 250.7 96.2 7.8 3.0 25.6
STOXX Europe 600 14,348.6 11,500.7 19.2 6.8 250.7 0.7 2.2 0.0 3.1

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 Top 20 2.9 2.0 -7.0 27.6 62.3 N/A N/A -7.1 8.6 10.3
STOXX Europe 600 0.9 10.9 7.6 43.5 70.3 N/A N/A 7.7 13.0 11.4
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
STOXX Europe 600 Top 20 N/A N/A 15.8 13.1 14.0 N/A N/A -0.6 0.4 0.6
STOXX Europe 600 N/A N/A 14.4 13.0 14.4 N/A N/A 0.3 0.7 0.6
Index to benchmark Correlation Tracking error (%)
STOXX Europe 600 Top 20 0.9 0.9 0.9 0.9 0.9 4.3 5.4 5.5 5.8 5.8
Index to benchmark Beta Annualized information ratio
STOXX Europe 600 Top 20 1.1 1.0 1.0 0.9 0.9 5.6 -2.4 -2.7 -0.7 -0.2

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

2Based on EURIBOR1M

(EUR, Net Return), all data as of August 29, 2025

BENCHMARK INDICES

STOXX Europe 600 Top 20

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 Top 20 18.3 15.8 18.3 15.8 3.2 2.2 2.4 19.3
STOXX Europe 600 18.6 15.5 17.0 15.2 2.1 2.8 1.4 1.2

Performance and annual returns

Methodology

The STOXX Europe 600 Top 20 index is designed to capture the performance of the top 20 largest securities of the parent index, STOXX Europe 600. During the quarterly index reviews the underlying constituents of the parent are sorted in a descending order by the security free-float market capitalization and consequently, the Top 20 securities are selected. Capping is triggered if the weight of the largest company exceeds 33%, or the second largest exceeds 18% during index reviews

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Gross Return EUR CH1362050895 SXX20GR SXX20GR INDEX .SXX20GR
Price EUR CH1362050879 SXX20P SXX20P INDEX .SXX20P
Net Return EUR CH1362050887 SXX20R SXX20R INDEX .SXX20R
Price USD CH1362050903 SXX20L .SXX20L
Net Return USD CH1362050911 SXX20V .SXX20V
Gross Return USD CH1362050929 SXX20GV .SXX20GV

Quick Facts

Weighting Free-float market capitalisation.
Cap Factor 33%/18%
No. of components 20
Review frequency Quarterly
Calculation/distribution Realtime 15 sec
Calculation hours 09:00:00 18:00:00
Base value/base date 1000 as of Mar. 24, 2014
History Available from Mar. 24, 2014
Inception date May. 27, 2025
To learn more about the inception date, currency versions, calculation hours and historical values, please see our data vendor code sheet.

Top 10 Components4

Company Supersector Country Weight
ASML HLDG Technology Netherlands 7.800%
SAP Technology Germany 7.377%
ASTRAZENECA Healthcare UK 6.565%
NOVARTIS Healthcare Switzerland 6.557%
NESTLE Food, Beverage and Tobacco Switzerland 6.461%
ROCHE HLDG P Healthcare Switzerland 6.083%
HSBC Banks UK 5.976%
SHELL Energy UK 5.847%
SIEMENS Industrial Goods and Services Germany 5.535%
NOVO NORDISK B Healthcare Denmark 4.804%

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

4Based on the composition as of August 29, 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.