STOXX 600 index guide: holdings, 2026 returns, valuation and ETFs
Last revised: November 4, 2026 · By the FintechZoom Markets Desk, reviewed under our editorial policy
The STOXX 600 (full name STOXX Europe 600, symbol SXXP) is Europe’s broadest stock benchmark: 600 large, mid and small companies from developed Europe, weighted by free-float market value. It finished November 4, 2026 at 657.40, up 1.82% on the day, according to the STOXX price feed on TradingView, after closing at 645.66 on November 3 (Trading Economics). That leaves it about 11% above its 2025 close of roughly 592 (Trading Economics) and 0.5% below its record of 660.51 set on August 11, 2026 (STOXX).
STOXX’s September 30 factsheet puts the index at a projected P/E of 14.6 and a net dividend yield of 2.8%, with banks the largest sector at 16.2% and ASML the largest company at 4.7% (STOXX factsheet). This guide covers how the fintech STOXX 600 benchmark is built, what it holds, how it has performed, how it compares with other indexes, and the ETFs that track it. For the daily market report, see our STOXX Europe 600 today page.
STOXX Europe 600 price index (SXXP) in euros, daily data from TradingView. The chart excludes dividends.
STOXX 600 latest level and 2026 performance
| Measure | Value | Date and source |
|---|---|---|
| Close | 657.40 (+11.74, +1.82%) | Nov 4, 2026, STOXX data on TradingView |
| Previous close | 645.66 (−0.58%) | Nov 3, 2026, Trading Economics |
| 2025 close | About 592 (up about 17% in 2025) | Dec 31, 2025, Trading Economics |
| 2026 change to Nov 4 | About +11% | FintechZoom calculation from the two levels above |
| Record high | 660.51 | Aug 11, 2026, STOXX |
| 52-week low | 561.71 | Nov 19, 2025, STOXX |
| Year to date, official | +7.2% (price), +9.52% (net return) | Sep 30, 2026, STOXX factsheet and iShares factsheet |
The index rose on November 4 after Democrats won both chambers of the US Congress in the midterm elections. STOXX 600 futures had fallen as much as 1.4% overnight, but the index was up 0.5% by 08:16 GMT (Reuters via Euronext). Banks, retailers and carmakers led; Heidelberg Materials gained 9.6% and Novo Nordisk 5.6% after results, while oil and gas and technology shares lagged (dpa). Brent crude fell about 8% to roughly $95 a barrel on hopes of a US-Iran deal (RTTNews via finanzen.ch).
Daily moves, sector leaders and the session news are covered on STOXX Europe 600 today; the wider region is on European stock markets today.
The STOXX 600 against the Euro STOXX 50, FTSE 100 and the main US large-cap index, in percentage terms over 12 months. Prices exclude dividends; CFD prices track each index closely but are not official closes.
What the STOXX 600 index is and how it is built
STOXX Ltd., part of Deutsche Börse Group, launched the STOXX Europe 600 on June 15, 1998, with a base value of 100 on December 31, 1991 (STOXX factsheet). The rules on the factsheet are short:
- Selection: the 600 largest companies by free-float market capitalization in developed Europe. The number of members is fixed at 600.
- Weighting: free-float market capitalization, so only shares available to public investors count. No single company can exceed a 20% cap.
- Reviews: quarterly, in March, June, September and December, with buffer rules that limit turnover.
- Calculation: in real time every 15 seconds from 09:00 to 18:00 CET. The headline SXXP is a price index in euros; STOXX also publishes net and gross return versions (SXXR, SXXGR) and versions in dollars, pounds, Swiss francs and other currencies.
STOXX describes the index as covering 17 countries and about 90% of the investable market (STOXX). That count predates Greece’s return to developed-market status: nine Greek companies, including National Bank of Greece, Eurobank, Piraeus Bank and Alpha Bank, joined on September 21, 2026 (STOXX). In the same review 14 companies left, among them Fraport, JD Sports Fashion and Signify (STOXX).
The STOXX 600 is the parent of other STOXX benchmarks. The Euro STOXX index is its eurozone subset, the Euro STOXX 50 picks 50 eurozone blue chips, and STOXX publishes 600-based size and supersector indexes, such as STOXX Europe 600 Banks, that have their own ETFs and Eurex futures.
Technical indicator summary from TradingView. These readings are automated and change through the day; they are not FintechZoom recommendations.
STOXX Europe 600 companies: top constituents, sectors and countries
The ten largest companies made up about 20% of the index at September 30, 2026. ASML’s weight of 4.7% is more than twice that of any other member. Novo Nordisk and LVMH, both in the top five in STOXX’s August 2023 factsheet, are no longer in the top ten.
| Company | Country | Supersector | Weight |
|---|---|---|---|
| ASML Holding | Netherlands | Technology | 4.70% |
| HSBC | UK | Banks | 2.28% |
| Roche | Switzerland | Healthcare | 1.96% |
| Novartis | Switzerland | Healthcare | 1.82% |
| Shell | UK | Energy | 1.76% |
| AstraZeneca | UK | Healthcare | 1.69% |
| Nestlé | Switzerland | Food, beverage and tobacco | 1.57% |
| Siemens | Germany | Industrial goods and services | 1.53% |
| SAP | Germany | Technology | 1.42% |
| Banco Santander | Spain | Banks | 1.40% |
Source: STOXX factsheet, composition at September 30, 2026. Weights rounded to two decimals.
Sector weights
| Supersector | Weight |
|---|---|
| Banks | 16.2% |
| Industrial goods and services | 15.2% |
| Healthcare | 12.1% |
| Technology | 9.5% |
| Energy | 6.8% |
| Insurance | 5.8% |
| Food, beverage and tobacco | 4.8% |
| Utilities | 4.6% |
| Financial services | 4.0% |
| Consumer products and services | 4.0% |
Country weights
| Country | Weight |
|---|---|
| United Kingdom | 23.0% |
| France | 14.7% |
| Switzerland | 13.5% |
| Germany | 13.1% |
| Netherlands | 8.4% |
| Spain | 6.0% |
| Italy | 5.7% |
| Sweden | 4.8% |
| Denmark | 2.6% |
| Finland | 2.0% |
Both tables show the top ten entries from the STOXX factsheet at September 30, 2026. Banks, industrials and healthcare are 43.5% of the index between them, and technology is 9.5%. In the main US large-cap index, technology is far larger, which is the biggest structural difference between the two markets. About 37% of the STOXX 600 is in the UK and Switzerland, outside the eurozone, so the index carries pound and franc exposure as well as euro exposure.
Also read
STOXX Europe 600 today tracks the daily session: the latest move, sector leaders and laggards, and the news behind them.
Seven of the ten largest STOXX 600 members through their US-listed shares, in US dollars. Roche, Nestlé and Siemens have no main US listing and are not shown.
STOXX 600 performance: long-run and 2026
Price returns in euros from the STOXX factsheet, to September 30, 2026: 7.2% year to date, 13.7% over one year, 41.0% over three years (12.3% a year) and 39.6% over five years (7.0% a year). Annualized volatility was 12.4% over one year and 14.1% over five years.
Dividends make a large difference for this index. The table shows calendar-year total returns of the STOXX Europe 600 benchmark, with dividends reinvested, as published on the iShares EXSA fund page.
| Year | Total return (EUR) | Context |
|---|---|---|
| 2019 | 26.8% | Recovery from the late-2018 sell-off |
| 2020 | −2.0% | Covid crash and rebound |
| 2021 | 24.9% | Reopening rally |
| 2022 | −10.6% | Energy shock and ECB rate rises |
| 2023 | 15.8% | |
| 2024 | 8.8% | ECB starts cutting rates in June |
| 2025 | 19.8% | Price gain of about 17%, the best year since 2021; banks the top sector |
| 2026 to Sep 30 | 9.52% | Net return; price index +7.2% |
Sources: iShares (benchmark returns), iShares factsheet (2026 to September 30), Reuters via The Star (2025 context). Past performance does not predict future returns.
What moved the index in 2026
The STOXX 600 started 2026 with a record close of 596.14 on January 2, about four points below 600 (Reuters via MarketScreener), and set its later record of 660.51 on August 11 (STOXX). It dipped 2.5% in September. Since then, three forces have pulled in different directions:
- Energy and inflation. The conflict with Iran pushed Brent crude above $100 a barrel before its November 4 drop to about $95 (The National), and euro area inflation reached 4.0% in October (Euronews).
- Interest rates. The ECB raised its deposit rate to 2.25% in June and 2.50% in September (ECB), and markets expect another rise on December 17 (Reuters via Euronext). Higher rates have helped banks, the index’s largest sector.
- US politics and AI. After the November 3 midterms, investors moved money from technology and US shares into European banks, and chip stocks fell on worries about tighter AI rules (dpa).
STOXX 600 valuation: P/E and dividend yield
| Measure | STOXX Europe 600 | Source and date |
|---|---|---|
| P/E, trailing (incl. loss-makers) | 18.5 | STOXX, Sep 30, 2026 |
| P/E, projected | 14.6 | STOXX, Sep 30, 2026 |
| Price to book | 2.4 | STOXX, Sep 30, 2026 |
| Net dividend yield | 2.8% | STOXX, Sep 30, 2026 |
| P/E of the EXSA ETF portfolio | 18.49 | iShares, Oct 23, 2026 |
| 12-month trailing yield of EXSA | 2.59% | iShares, Oct 22, 2026 |
Sources: STOXX factsheet, iShares. For comparison, FactSet put the forward 12-month P/E of the main US large-cap index at 18.7 on October 30, 2026, below its 10-year average of 19.1 (FactSet). By FintechZoom’s arithmetic, the STOXX 600’s projected P/E of 14.6 is about 22% lower. The two figures use different earnings estimates, so treat the gap as a rough guide. Part of it reflects sector mix: Europe has more banks and energy companies, which usually trade on lower multiples, and fewer large technology companies.
A STOXX 600 ETF listed in Paris (euros) and two broad Europe ETFs listed in New York (dollars). Prices exclude dividends.
STOXX 600 compared with the Euro STOXX 50, FTSE 100, DAX and S&P 500
| Index | Members | Coverage | Type | Latest close | 2026 change |
|---|---|---|---|---|---|
| STOXX Europe 600 | 600 | Developed Europe, including the UK, Switzerland and Nordics | Price | 657.40 (Nov 4) | About +11%* |
| Euro STOXX 50 | 50 | Eurozone blue chips only | Price | 6,265.71 (Nov 4) | About +8.2%* |
| FTSE 100 | 100 | UK-listed large caps | Price | 10,829.21 (Nov 4) | +9.0%* |
| DAX | 40 | German large caps | Total return | 26,437.67 (Nov 4) | +8.0%* |
| S&P 500 | About 500 | US large caps | Price | 7,568.92 (Nov 3) | +10.6% |
*FintechZoom calculations from 2025 year-end and latest closes, in local currency. Closes: dpa (Euro STOXX 50, FTSE 100), dpa (DAX), AP (US index and its year-to-date change), FTSE Russell via Mondo Visione (FTSE 100 2025 close).
The STOXX 600 is the widest of the European indexes. Against the Euro STOXX 50 it adds the UK, Switzerland, Denmark, Sweden and Norway, plus mid and small caps, so it holds more healthcare, energy and consumer staples. The FTSE 100 and DAX are single-country indexes with heavy weights in a few sectors: banks, miners and energy in London, industrials and financials in Frankfurt. The DAX includes reinvested dividends, so its returns look higher than those of price indexes over long periods. Against the US, the STOXX 600 has a lower valuation and a higher dividend yield, and a much smaller technology weight.
Currency changes the result for investors outside the euro area. iShares’ euro-based STOXX 600 fund returned 10.32% in 2026 to October 22, while its dollar-based Core MSCI Europe ETF (IEUR) returned 6.04% to the same date (iShares EXSA, iShares IEUR). The two track different indexes, but their country weights are close, so most of the gap is the currency.
Live quotes for the STOXX 600 and the indexes it is compared with above. CFD prices can differ slightly from official closes.
STOXX 600 ETF options: how to invest
You cannot buy an index directly. Most investors use an ETF that holds the 600 shares. European-domiciled UCITS ETFs track the STOXX 600 itself; US investors usually choose US-listed funds that track similar broad Europe indexes.
| Fund | Ticker | Index | Annual fee | Size | Income |
|---|---|---|---|---|---|
| Amundi Core STOXX Europe 600 UCITS ETF Acc | MEUD (Paris), LYP6 (Xetra) | STOXX Europe 600 | 0.07% | €21.5bn | Accumulating |
| iShares STOXX Europe 600 UCITS ETF (DE) | EXSA (Xetra; Bloomberg SXXPIEX GY) | STOXX Europe 600 | 0.20% | €10.39bn (Oct 23) | Distributing |
| Xtrackers STOXX Europe 600 UCITS ETF 1C | XSX6 | STOXX Europe 600 | 0.20% | €4.2bn | Accumulating |
| Vanguard FTSE Europe ETF | VGK (NYSE Arca) | FTSE Developed Europe All Cap | 0.06% | $29.6bn | Distributing |
| iShares Core MSCI Europe ETF | IEUR (NYSE Arca) | MSCI Europe IMI | 0.10% | $9.36bn (Oct 23) | Distributing |
Sources: iShares EXSA, iShares EXSA factsheet, iShares IEUR, Vanguard VGK (fee and assets, undated on the page). Fees and sizes for MEUD and XSX6 come from justETF (MEUD, XSX6), a data provider rather than the issuer, and are undated; check the issuer’s documents before investing.
Points to check before buying:
- Accumulating or distributing. Accumulating share classes reinvest dividends; distributing ones pay them out. EXSA pays up to four times a year.
- Tax and access. UCITS funds are built for European investors, and US residents generally can’t buy them through US brokers. IEUR held 1,010 stocks on October 23 and VGK also covers more companies than the STOXX 600, but their country weights are similar: IEUR had 23.61% in the UK and 14.64% in Switzerland on October 22.
- Currency. A US-listed fund is priced in dollars but holds euro, pound, franc and krona shares, so a stronger dollar lowers your return. Currency-hedged versions exist, such as a US dollar-hedged share class of the Amundi fund.
- Trading costs. Spreads, commissions and foreign exchange fees can exceed the annual fee for small or frequent trades.
Eurex lists futures and options on the STOXX 600 and on its supersector indexes, used mainly by professional traders. Leveraged products can lose more than the initial stake.
Risks of investing in the STOXX 600
- Energy prices. Europe imports most of its oil and gas. The 2022 energy shock coincided with a 10.6% fall in the index, and the 2026 Iran conflict pushed inflation back to 4.0%.
- Rising rates. Further ECB and Bank of England increases could slow growth and lower valuations, even though they help bank profits.
- Concentration in banks. At 16.2%, banks are the largest sector, so a credit or property problem would hit the index harder than the US market.
- Single-stock weight. ASML alone is 4.7%, so chip demand and export rules matter for the whole index.
- Trade and politics. US tariffs, the outcome of the new US Congress, and elections in Europe can move exporters and defence stocks.
- Currency risk for non-euro investors, described above.
STOXX 600 scenarios to the end of 2026
These are FintechZoom scenarios, not forecasts or price targets. The figures are simple arithmetic: index change if the projected P/E of 14.6 moves while forecast earnings stay the same.
| Scenario | Assumptions | Illustrative arithmetic | What would invalidate it |
|---|---|---|---|
| Bull | Oil keeps falling on a US-Iran deal, inflation peaks, the ECB raises once in December and signals a pause; money keeps moving from US tech into European banks and cyclicals | P/E to 16 is about +10% | Oil back above $100, or the ECB signals several more hikes |
| Base | Oil stays between $90 and $100, the ECB raises in December as expected, earnings forecasts hold | P/E near 14.6, little change from valuation; dividends add about 2.8% a year | A recession signal in euro area data, or a sharp earnings downgrade cycle |
| Bear | Energy prices rise again, inflation stays above 4%, the ECB and Bank of England keep raising, and earnings estimates fall | P/E to 13 is about −11%, more if earnings are cut | A ceasefire that lowers oil sharply, or central banks pausing |
Dates to watch
| Date (2026) | Event | Possible effect on the STOXX 600 |
|---|---|---|
| Thu, Nov 5 | Bank of England decision; a rise to 4.00% is expected (BoE) | UK is 23% of the index; banks and housebuilders |
| Fri, Nov 6 | US October jobs report (BLS schedule) | US rates and the dollar |
| Tue, Nov 10 | US October CPI (BLS schedule) | US rates and the dollar |
| Tue, Nov 17 | Nvidia quarterly results | ASML and Europe’s chip suppliers |
| Dec 8 to 9 | Federal Reserve decision (Fed calendar) | Global rates and the dollar |
| December | STOXX quarterly index review | Companies added or removed; index funds trade at the change |
| Dec 16 to 17 | ECB decision, announced Dec 17 (ECB calendar) | Euro area banks, the euro, valuations |
From our desk: what we found checking this update
The previous version of this page, from April 2026, had several problems. Its top-holdings table gave ASML a 2.66% weight and placed Novo Nordisk and LVMH in the top three; STOXX’s September 30 factsheet shows ASML at 4.70% and neither of the other two in the top ten. It quoted the projected P/E as 14.9 in one place, while a source it listed gave 18.02, and set it against a US multiple of 28.16; the current STOXX and FactSet figures are 14.6 and 18.7. It gave a 3.2% dividend yield; STOXX’s figure is 2.8%.
Its ETF table listed a Vanguard fund that tracks an FTSE index as a STOXX 600 fund. It still said the ECB deposit rate was 2.00%, before the June and September increases. Its two images, labelled as a country-weight map and a valuation comparison, were in fact January 2026 Goldman Sachs strategy graphics; we replaced them with live quotes. Its main chart used a Eurex futures symbol.
While checking levels, we also found that the STOXX website served us a value of 635.77 in one browser session, which matches the October 23 close in MarketScreener’s history, and 657.92 at 5:28 pm CET in another. We used the 657.40 close from the STOXX data feed on TradingView, which matches the 1.8% to 1.9% gain reported elsewhere. STOXX’s own page shows a 2026 gain of 10.36%, which appears to be measured from the January 2 close of 596.14 rather than the 2025 close of about 592. Hargreaves Lansdown reported the November 3 close as 646.38; STOXX’s daily change and Trading Economics both imply 645.66, which we used.
Also read
Euro STOXX 50 today covers the 50 eurozone blue chips that make up the largest part of the STOXX 600 outside the UK and Switzerland.
STOXX 600 FAQs
What is the STOXX 600?
The STOXX Europe 600 is an index of the 600 largest companies by free-float market value in developed Europe, published by STOXX, part of Deutsche Börse Group. It includes large, mid and small companies, is weighted by free-float market value with a 20 percent cap per company, and is reviewed every quarter.
How many countries are in the STOXX 600?
STOXX describes the index as covering 17 developed European countries. Nine Greek companies joined on September 21, 2026, after STOXX moved Greece back to developed-market status, so Greece is now also represented. The UK, France, Switzerland and Germany made up about 64 percent of the index at September 30, 2026.
What is the fintech STOXX 600?
It is the STOXX Europe 600 index as covered on FintechZoom. The name is a search term rather than a separate index: there is no special fintech version of the STOXX 600, and the figures on this page refer to the official STOXX Europe 600.
What are the largest STOXX Europe 600 companies?
At September 30, 2026 the ten largest were ASML, HSBC, Roche, Novartis, Shell, AstraZeneca, Nestlé, Siemens, SAP and Banco Santander. ASML was the largest at 4.70 percent, and the top ten were about 20 percent of the index.
How has the STOXX 600 performed in 2026?
The index closed at 657.40 on November 4, 2026, about 11 percent above its 2025 close of roughly 592, by FintechZoom calculation. Its record of 660.51 was set on August 11, 2026. STOXX reported a price return of 7.2 percent to September 30.
What is the STOXX 600 P/E ratio and dividend yield?
STOXX put the projected P/E at 14.6 and the trailing P/E at 18.5 on September 30, 2026, with a net dividend yield of 2.8 percent and a price-to-book ratio of 2.4.
What is the best STOXX 600 ETF?
There is no single best fund. The Amundi Core STOXX Europe 600 UCITS ETF has a 0.07 percent annual fee and reinvests dividends; the iShares STOXX Europe 600 UCITS ETF (DE), ticker EXSA, charges 0.20 percent and pays dividends; the Xtrackers fund also charges 0.20 percent. Investors usually compare fees, dividend policy, currency, trading costs and tax treatment in their country.
Can US investors buy a STOXX 600 ETF?
The STOXX 600 funds are European UCITS ETFs that US residents generally cannot buy through US brokers. US investors often use the Vanguard FTSE Europe ETF (VGK, 0.06 percent fee) or the iShares Core MSCI Europe ETF (IEUR, 0.10 percent), which track similar broad Europe indexes in dollars.
What is the difference between the STOXX 600 and the Euro STOXX 50?
The STOXX 600 holds 600 companies across developed Europe, including the UK, Switzerland and the Nordic countries, and includes mid and small caps. The Euro STOXX 50 holds only 50 of the largest companies in eurozone countries.
How we report on the STOXX 600
Index rules, constituents, sector and country weights, valuation and official returns come from STOXX’s factsheet and announcements, and we give the date of each figure. Daily closes come from data feeds and wire reports; where sources disagree, we say so. Fund fees and sizes come from issuer pages, and we label any figure from a data provider. Year-to-date changes marked as FintechZoom calculations use the closes shown. Scenarios are illustrations with stated assumptions, not forecasts, and we don’t publish price targets or buy and sell ratings. Read our editorial policy, or contact us to report an error.
Revision history: November 4, 2026, full rewrite as an index guide with the September 30 STOXX factsheet (constituents, sector and country weights, valuation, returns), the Greek entry in September, the November 4 close, comparison with four other indexes, ETF fees from issuers, risks, scenarios and a calendar; outdated forecasts, mislabelled images and the futures chart replaced. September 22, 2026, previous edition.
Related: STOXX Europe 600 today · Euro STOXX 50 today · FTSE 100 today · DAX 40 today · European stock markets today · world stock market indices · best ETFs
Disclaimer: This page is for news and education only. It is not investment advice or a recommendation to buy or sell any security or fund. Investing in shares and ETFs carries risk, including currency risk and loss of principal. See our full disclaimer.
Sources, index and market data: STOXX Europe 600 factsheet, Sep 30, 2026 · STOXX Europe 600 index page · STOXX, Greece reclassification · STOXX, September 2026 review · Trading Economics, Nov 3 close · Trading Economics, 2025 close · Reuters via MarketScreener, Jan 2 · Reuters via The Star, 2025 returns · MarketScreener quotes · Hargreaves Lansdown, Nov 3 · The National, Brent · Reuters via Euronext, Nov 4 · dpa, European closes Nov 4 · dpa, DAX close Nov 4 · RTTNews via finanzen.ch · AP, US closes Nov 3
Sources, valuation, funds and policy: FTSE 100 2025 close · FactSet, Oct 30 · iShares EXSA factsheet · iShares EXSA · iShares IEUR · Vanguard VGK · justETF, MEUD · justETF, XSX6 · ECB interest rates · Reuters via Euronext, ECB outlook · ECB calendar · Euronews, euro area inflation · Bank of England · Fed calendar · BLS jobs schedule · BLS CPI schedule
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