EURO STOXX 50

Template:Short description Template:Infobox Index The EURO STOXX 50 is a stock index of Eurozone stocks designed by STOXX, an index provider owned by Deutsche Börse Group. The index is composed of 50 stocks from 11 countries in the Eurozone.

EURO STOXX 50 represents Eurozone blue-chip companies considered as leaders in their respective sectors. It is made up of fifty of the largest and most liquid stocks. The index futures and options on the EURO STOXX 50, traded on Eurex, are among the most liquid products in Europe and the world.

Contract Specifications

Euro Stoxx 50 (DSX)
Exchange:	EUREX
Sector:	Index
Tick Size:	1
Tick Value:	10 EUR
BPV:	10
Denomination:	EUR
Decimal Place:	1

The EURO STOXX 50 was introduced on 26 February 1998.

The EURO STOXX 50 Index represents some of the largest companies in the Eurozone in terms of free-float market capitalization. The index captures about 60% of the free-float market capitalization of the EURO STOXX Total Market Index (TMI), which in turn covers about 95% of the free-float market capitalization of the represented countries.

The EURO STOXX 50 is one of the most liquid indices for the Eurozone.

Historical performance

EURO STOXX 50 was quoted only starting 1998 but its prices were calculated retroactively back to the year 1986. The base value is 1000 points, referenced on 31 December 1991. The following table shows the end-of-year values of the EURO STOXX 50 index since 1986.

Year	Year end value	Change, in points	Change, in %
1986	900.82
1987	648.13	−252.69	−28.05
1988	861.36	213.23	32.90
1989	1098.49	237.13	27.53
1990	858.72	−239.77	−21.83
1991	1000.00	141.28	16.45
1992	1033.51	33.51	3.35
1993	1433.34	399.83	38.69
1994	1320.59	−112.75	−7.87
1995	1506.82	186.23	14.10
1996	1850.32	343.50	22.80
1997	2531.99	681.67	36.84
1998	3342.32	810.33	32.00
1999	4904.46	1562.14	46.74
2000	4772.39	−132.07	−2.69
2001	3806.13	−966.26	−20.25
2002	2386.41	−1419.72	−37.30
2003	2760.66	374.25	15.68
2004	2951.24	190.58	6.90
2005	3578.93	627.69	21.27
2006	4119.94	541.01	15.12
2007	4399.72	279.78	6.79
2008	2451.48	−1948.24	−44.28
2009	2966.24	514.76	21.00
2010	2792.82	−173.42	−5.85
2011	2316.55	−476.27	−17.05
2012	2635.93	319.38	13.79
2013	3109.00	473.07	17.95
2014	3146.43	37.43	1.20
2015	3267.52	121.09	3.85
2016	3290.52	23.00	0.7
2017	3503.96	213.44	6.47
2018	3001.42	−502.54	−14.34
2019	3745.16	743.73	24.78
2020	3552.64	−192.52	−5.14
2021	4298.41	745.77	20.99
2022	3793.62	−504.79	−11.74
2023	4521.65	728.03	19.19
2024	4895.98	374.33	8.28

Calculation

The calculation of the indices employ the Laspeyres formula, which measures price changes against a fixed base quantity weight:

$Inde{x}_t=\frac{\sum _{i=1}^n(p_{it}\cdot s_{it}\cdot f{f}_{it}\cdot c{f}_{it}\cdot x_{it})}{D_t}=\frac{M_t}{D_t}$

where: vcc:FdDF

t = Time the index is computed

n = Number of companies in the index

p_it = Price of company (i) at time (t)

s_it = Number of shares of company (i) at time (t)

ff_it = Free-float factor of company (i) at time (t)

cf_it = Weighting cap factor of company (i) at time (t)

x_it = Exchange rate from local currency into index currency for company (i) at time (t)

M_t = Free-float market capitalization of the index at time (t)

D_t = Divisor of the index at time (t)

Changes in weights due to corporate actions are distributed proportionally across all index components. The index divisors, which is adjusted to maintain the continuity of the values of the index across changes due to corporate actions, are calculated as follows:

$D_{t+1}=D_t\cdot \frac{\sum _{i=1}^n(p_{it}\cdot s_{it}\cdot f{f}_{it}\cdot c{f}_{it}\cdot x_{it})\pm \mathrm{\Delta }M{C}_{t+1}}{\sum _{i=1}^n(p_{it}\cdot s_{it}\cdot f{f}_{it}\cdot c{f}_{it}\cdot x_{it})}$

where ΔMC_t+1 = The difference between the closing market capitalization of the index and the adjusted closing market capitalization of the index: for companies with corporate actions effective at time (t+1), the free-float market capitalization is calculated with adjusted closing prices, the new number of shares at time (t+1) and the free-float factor at time (t+1) minus the free-float market capitalization calculated with closing prices, number of shares at time (t) and free-float factor at time (t).

Buffers are used to achieve the fixed number of components and to maintain stability of the indices by reducing index composition changes. Selection methodology ensures a stable and up-to-date index composition. Fast-entry and fast-exit rules ensure the index accurately represents the performance of only the biggest and most liquid stocks.

Composition

The composition of EURO STOXX 50 is reviewed annually in September. The index is available in several currency (EUR, USD, CAD, GBP, JPY) and return (Price, Net Return, Gross Return) variant combinations. Calculation takes place every 15 seconds between 09:00 CET and 18:00 CET for the EUR and USD variants of any return type, while the CAD, GBP and JPY variants are available as end-of-day calculation only (18:00 CET). The EURO STOXX 50 Index is derived from the 19 EURO STOXX regional Supersector indices. Template:As of, the most countries with most companies represented are France (representing 41.8% of all total assets) and Germany (26.5%).

Template:As of, Euro Stoxx 50 consists of the following companies:

Ticker	Main listing	Name	Corporate form	Registered office	Industry	Founded
ADS.DE	Template:Flagicon Template:FWB	Adidas	Template:Flagicon Aktiengesellschaft	Template:GER	Sportwear	1924
ADYEN.AS	Template:Flagicon Template:Euronext	Adyen	Template:Flagicon Naamloze vennootschap	Template:NLD	Software—Infrastructure	2006
AD.AS	Template:Flagicon Template:Euronext	Ahold Delhaize	Template:Flagicon Naamloze vennootschap	Template:NLD	Retail	2016 (1867)
AI.PA	Template:Flagicon Template:EuronextParis	Air Liquide	Template:Flagicon Société Anonyme	Template:FRA	Chemistry	1902
AIR.PA	Template:Flagicon Template:Euronext	Airbus	Template:Flagicon Societas Europaea	Template:FRA	Aerospace	1970
ALV.DE	Template:Flagicon Template:FWB	Allianz	Template:Flagicon Societas Europaea	Template:GER	Insurance	1890
ABI.BR	Template:Flagicon Template:Euronext	Anheuser-Busch InBev	Template:Flagicon Société Anonyme/ Naamloze vennootschap	Template:BEL	Food and beverage	2008 (1366/1888/1852/1895)
ASML.AS	Template:Flagicon Template:Euronext	ASML Holding	Template:Flagicon Naamloze vennootschap	Template:NLD	Technology	1984
CS.PA	Template:Flagicon Template:Euronext	AXA	Template:Flagicon Société Anonyme	Template:FRA	Insurance	1816
BAS.DE	Template:Flagicon Template:FWB	BASF	Template:Flagicon Societas Europaea	Template:GER	Chemistry	1865
BAYN.DE	Template:Flagicon Template:FWB	Bayer	Template:Flagicon Aktiengesellschaft	Template:GER	Chemistry	1863
BBVA.MC	Template:Flagicon Template:BMAD	BBVA	Template:Flagicon Sociedad Anónima	Template:ESP	Banking	1857
SAN.MC	Template:Flagicon Template:BMAD	Banco Santander	Template:Flagicon Sociedad Anónima	Template:ESP	Banking	1857
BMW.DE	Template:Flagicon Template:FWB	BMW	Template:Flagicon Aktiengesellschaft	Template:GER	Automotive industry	1916
BNP.PA	Template:Flagicon Template:EuronextParis	BNP Paribas	Template:Flagicon Société Anonyme	Template:FRA	Banking	2002 (1848/1872)
BN.PA	Template:Flagicon Template:Euronext	Danone	Template:Flagicon Société Anonyme	Template:FRA	Food and beverage	1919
DB1.DE	Template:Flagicon Template:FWB	Deutsche Börse	Template:Flagicon Aktiengesellschaft	Template:GER	Finance	1992
DHL.DE	Template:Flagicon Template:FWB	Deutsche Post	Template:Flagicon Aktiengesellschaft	Template:GER	Logistics	1995
DTE.DE	Template:Flagicon Template:FWB	Deutsche Telekom	Template:Flagicon Aktiengesellschaft	Template:GER	Telecommunication	1995
ENEL.MI	Template:Flagicon Template:ISE	Enel	Template:Flagicon Società per azioni	Template:ITA	Electric utility	1962
ENI.MI	Template:Flagicon Template:ISE	Eni	Template:Flagicon Società per azioni	Template:ITA	Petroleum	1953
EL.PA	Template:Flagicon Template:Euronext	EssilorLuxottica	Template:Flagicon Société anonyme	Template:FRA	Optical industry	1849
RACE.MI	Template:Flagicon Template:ISE	Ferrari	Template:Flagicon Naamloze vennootschap	Template:NLD	Automotive	1939
FLTR.L	Template:Flagicon Template:Euronext	Flutter Entertainment	Template:Flagicon Public limited company	Template:IRL	Bookmaking	2016
RMS.PA	Template:Flagicon Template:Euronext	Hermès	Template:Flagicon Société Anonyme	Template:FRA	Luxury	1837
IBE.MC	Template:Flagicon Template:BMAD	Iberdrola	Template:Flagicon Sociedad Anónima	Template:ESP	Electric utility	1992 (1907/1944)
ITX.MC	Template:Flagicon Template:BMAD	Inditex	Template:Flagicon Sociedad Anónima	Template:ESP	Clothing	1985
IFX.DE	Template:Flagicon Template:FWB	Infineon Technologies	Template:Flagicon Aktiengesellschaft	Template:GER	Semiconductors	1999
INGA.AS	Template:Flagicon Template:Euronext	ING Group	Template:Flagicon Naamloze vennootschap	Template:NLD	Banking	1991
ISP.MI	Template:Flagicon Template:ISE	Intesa Sanpaolo	Template:Flagicon Società per azioni	Template:ITA	Banking	2007 (1563)
KER.PA	Template:Flagicon Template:Euronext	Kering	Template:Flagicon Société Anonyme	Template:FRA	Luxury	1963
OR.PA	Template:Flagicon Template:Euronext	L'Oréal	Template:Flagicon Société Anonyme	Template:FRA	Personal and household goods	1909
MC.PA	Template:Flagicon Template:Euronext	LVMH Moët Hennessy Louis Vuitton	Template:Flagicon Societas Europaea	Template:FRA	Personal and household goods	1987 (1743 / 1765 / 1854)
MBG.DE	Template:Flagicon Template:FWB	Mercedes-Benz Group	Template:Flagicon Aktiengesellschaft	Template:GER	Automotive industry	2007 (1926)
MUV2.DE	Template:Flagicon Template:FWB	Munich Re	Template:Flagicon Aktiengesellschaft	Template:GER	Insurance	1880
NOKIA.HE	Template:Flagicon Template:OMX	Nokia	Template:Flagicon Julkinen osakeyhtiö	Template:FIN	Telecommunication	1865
NDA-FI.HE	Template:Flagicon Template:OMX	Nordea	Template:Flagicon Aktiebolag	Template:FIN	Banking	1820
RI.PA	Template:Flagicon Template:Euronext	Pernod Ricard	Template:Flagicon Société Anonyme	Template:FRA	Alcohol	1975
PRX.AS	Template:Flagicon Template:Euronext	Prosus	Template:Flagicon Naamloze vennootschap	Template:NLD	Consumer Internet	2019
SAF.PA	Template:Flagicon Template:Euronext	Safran	Template:Flagicon Société Anonyme	Template:FRA	Aerospace	2005
SGO.PA	Template:Flagicon Template:Euronext	Saint-Gobain	Template:Flagicon Société Anonyme	Template:FRA	Building materials	1665
SAN.PA	Template:Flagicon Template:Euronext	Sanofi	Template:Flagicon Société Anonyme	Template:FRA	Pharmaceutical industry	2004 (1834/1899/1973)
SAP.DE	Template:Flagicon Template:FWB	SAP	Template:Flagicon Societas Europaea	Template:GER	Technology	1972
SU.PA	Template:Flagicon Template:Euronext	Schneider Electric	Template:Flagicon Societas Europaea	Template:FRA	Goods and Services	1836
SIE.DE	Template:Flagicon Template:FWB	Siemens	Template:Flagicon Aktiengesellschaft	Template:GER	Goods and Services	1847
STLAM.MI	Template:Flagicon Euronext Template:Borsa Italiana	Stellantis	Template:Flagicon Naamloze vennootschap	Template:NLD	Automotive industry	2021
TTE.PA	Template:Flagicon Template:Euronext	TotalEnergies	Template:Flagicon Societas Europaea	Template:FRA	Petroleum	1924
DG.PA	Template:Flagicon Template:Euronext	Vinci SA	Template:Flagicon Société Anonyme	Template:FRA	Construction and materials	1899
UCG.MI	Template:Flagicon Template:ISE	UniCredit	Template:Flagicon Società per azioni	Template:ITA	Banking	1998
VOW.DE	Template:Flagicon Template:FWB	Volkswagen Group	Template:Flagicon Aktiengesellschaft	Template:GER	Automotive industry	1937

Stocks per country

The following table shows the number of stocks (companies) per country Template:As of:

Rank	Country	Stocks
1	Template:FR	17
2	Template:GER	14
3	Template:NLD	7
4	Template:ITA	4
5	Template:ESP	4
6	Template:FIN	2
7	Template:BEL	1
	Template:IRL	1
	Total	50

Use in the financial industry

The EURO STOXX 50 serves as the basis for single sub-indices such as the EURO STOXX 50 ex Financials, which excludes all companies assigned to the ICB code 8000. EURO STOXX 50 is used for as underlying index for other financial products or for performance benchmarking purposes. Additionally, the index serves as an underlying for many strategy indices, such as the EURO STOXX 50 Risk Control Indices. The index is used as an underlying for ETFs and derivative financial instruments such as futures and options.

See also

• STOXX Europe 50 (a similar index not limited to the Eurozone)
• S&P Europe 350 (a similar but broader index for European stocks maintained by S&P)

External links

• EURO STOXX 50 page
• EURO STOXX 50 Fact sheet
• STOXX Index Methodology Guide
• Bloomberg page for SX5E:IND
• Yahoo! Finance page for ^STOXX50E
• Euro Stoxx 50 | Index | 965814 | EU0009658145 | Börse Frankfurt (Frankfurt Stock Exchange)