Swiss Performance Index

Last updated
Swiss Performance Index
Foundation1 June 1987 (publication 22 August)
Operator SIX Swiss Exchange
Exchanges SIX Swiss Exchange
Trading symbolSXGE
Constituents214 (as of November 14, 2020) [1]
TypeAll-caps, total return index
Market cap CHF 1,553 billion (full, end 2017) [2]
Weighting method Market-value-weighted
Related indices SMI, SPI 20, SPI Extra
Website six-group.com
ISIN CH0009987501
Reuters .SSHI
Bloomberg SPI:IND
Structure of the SPI-Family Spi family en.png
Structure of the SPI-Family

The Swiss Performance Index (SPI) is a wide total-return index that tracks equity primarily listed on SIX Swiss Exchange with a free-float of at least 20%, and excluding investment companies. [1] The index covers large, mid and small caps and is weighted by market capitalization. Most constituents, although not all, are domiciled in Switzerland or the Principality of Liechtenstein.

Contents

The SPI is Switzerland's most closely followed performance index. It is used as a benchmark for mutual funds, index funds and ETFs, and as an underlying index for derivative financial instruments such as options, futures and structured products.

In 2020, the SPI, along with other SIX indices, was endorsed under the EU Benchmarks Regulation and is registered with the European Securities and Markets Authority, which means that it can be used as an underlying for financial products sold in the EU. [3]

In 2025, additionally a Net-Return variant of the SPI Index was introduced. [4]

SPI Universe

The underlying share universe of the SPI is the Swiss All Share Index and includes approximately 230 equity issues. [5] For a company's shares to be included in the SPI, the company must be domiciled in Switzerland and the shares must have a free float equal to or greater than 20%.

In 1998, investment companies were taken out of the SPI Family and put into the specially designed Investment Index in order to avoid double (direct + indirect) listing of SPI components. [2] Exceptions to this rule can be granted to Investment Companies that invest in companies not primarily listed at SIX. [5]

The SPI acts in turn as the universe of several other indices offered by SIX Swiss Exchange: [5]

Components

Below is the list of the 214 SPI shares as of September 18, 2020. Some of the companies are primarily listed in Switzerland, but have their headquarters outside Switzerland and were included in the underlying share universe upon request. Some companies have two kinds of shares and thus appear twice in the SPI.

SymbolCompanySMI FamilyListingRemarks
ABBN ABB SMI
ACHI Achiko 2020
ADXN Addex Pharmaceuticals 2007
ADEN Adecco SMI MID
ADVN Adval Tech Holding
AEVS Aevis Victoria previously Aevis Holding
AIRE Airesis
ALC Alcon SMI2019
ALLN Allreal Holding 2000
ALSN ALSO Holding
AFP Aluflexpack 2019
AMS ams AG SMI MIDheadquarters outside Switzerland
APGN APG SGA AG
ARBN Arbonia previously AFG Arbonia-Forster-Holding
ARON Arundel
ARYN Aryzta 2008
ASCN Ascom
ASWN ASmallWorld 2018
AUTN Autoneum 2011
BANB Bachem Holding
BALN Bâloise SMI MID
BPDG Banque Profil de Gestion
BARN Barry Callebaut SMI MID
BLKB Basellandschaftliche Kantonalbank
BSLN Basilea Pharmaceutica 2004
BSKP Basler Kantonalbank
BION BB Biotech SMI MID
BCGE Banque Cantonale de Genève
BCJ Banque Cantonale du Jura
BCVN Banque Cantonale Vaudoise
BEKN Berner Kantonalbank 2000
BEAN Belimo Holding
BELL Bell Food Group
BBN Bellevue Group
LINN Bank Linth LLB
BKW BKW Energie 2003
BLS Blackstone Resources AG 2018
BOBNN Bobst Group
BOSN Bossard Holding
BUCN Bucher Industries
BCHN Burckhardt Compression 2006
BRKN Burkhalter Holding 2008
BVZN BVZ Holding 2007
CALN Calida
SKIN Cassiopea 2015headquarters outside Switzerland
CMBN Cembra Money Bank SMI MID2013
CIE CI Com
CICN Cicor Technologies
CFT Compagnie financière Tradition
CLN Clariant SMI MID
CLTN Coltene Holding
COTN Comet Holding 2002
CON Conzzeta AG
COPN Cosmo Pharmaceuticals 2007headquarters outside Switzerland
CPHN CPH Chemie + Papier 2001
CLXN Crealogix Holding 2000
CSGN Credit Suisse SMI
DAE Dätwyler Holding
DKSH DKSH 2012
DOKA Dormakaba
DUFN Dufry SMI MID2005
ESUN Edisun Power 2008
EFGN EFG International 2005
ELMN Elma Electronic
EMMN Emmi 2004
EMSN Ems-Chemie SMI MID
EVE Evolva 2009
FTON Feintool International Holding
FI-N Georg Fischer SMI MID
FHZN Flughafen Zürich AG SMI MID
FORN Forbo Holding
FREN Fundamenta Real Estate AG 2018
GALE Galenica SMI MID2017
GAM GAM
GAV Carlo Gavazzi Holding
GEBN Geberit SMI
GIVN Givaudan SMI2000
GLKBN Glarner Kantonalbank 2014
GMI Groupe Minoteries
GRKP Graubündner Kantonalbank
GUR Gurit Holding
HELN Helvetia SMI MID
HIAG HIAG Immobilien 2014
HLEE Highlight Event and Entertainment
HOCN Hochdorf Holding 2011
HUBN Huber+Suhner
HBLN Hypothekarbank Lenzburg
IDIA Idorsia 2017
IMPN Implenia
INA Ina Invest 2020
IFCN Inficon 2001
INRN Interroll Holding
ISN Intershop Holding
IREN Investis
VBSN IVF Hartmann Holding
BAER Julius Bär SMI MID2009
JFN Jungfraubahn
KARN Kardex Group
KLIN Klingelnberg 2018
KOMN Komax Holding
KUD Kudelski
KNIN Kühne + Nagel SMI MID
KURN Kuros Biosciences
HOLN Holcim SMI
LLQ Lalique Group 2018
LAND Landis+Gyr 2017
LMN lastminute.com headquarters outside Switzerland
LECN Leclanché
LEHN Lem Holding
LEON Leonteq
LLBN Liechtensteinische Landesbank headquarters outside Switzerland
LISN Lindt & Sprüngli SMI MIDregistered share
LISP Lindt & Sprüngli SMI MIDparticipation certificate
LOGN Logitech SMI MID
LONN Lonza Group SMI
LUKN Luzerner Kantonalbank
MCHN MCH Group 2001
MOVE Medacta Group 2019
MED Medartis 2018
MTG Meier Tobler
METN Metall Zug
MBTN Meyer Burger Technology 2006
MIKN Mikron Holding
MOZN Mobilezone 2001
MOBN Mobimo Holding 2005
MOLN Molecular Partners 2014
NESN Nestlé SMI
NWRN Newron Pharmaceuticals 2006headquarters outside Switzerland
NOVN Novartis SMI
NREN Novavest Real Estate 2019
OFN Orell Füssli
OBSN ObsEva SA 2018
OERL OC Oerlikon SMI MID
ODHN Orascom Development Holding 2008
ORON Orior 2010
PGHN Partners Group SMI2006
PEAN Peach Property 2010
PRFN Perfect Holding
PEDU Perrot Duval Holding
PM Phoenix Mecano
PMAG Pierer Mobility 2016previously KTM Industries
PLAN Plazza 2015
PNHO Poenina Holding 2017
POLN Polyphor 2018
PEHN Private Equity Holding
PSPN PSP Swiss Property SMI MID2000
RLF Relief Therapeutics
CFR Richemont SMI
RIEN Rieter
ROG Roche SMI
HREN Romande Energie Holding
SANN Santhera Pharmaceuticals Holding 2006
SAHN Schaffner Holding
SCHN Schindler Holding SMI MIDregistered share
SCHP Schindler Holding SMI MIDparticipation certificate
STRN Schlatter Holding
SWTQ Schweiter Technologies
SENS Sensirion Holding 2018
SFPN SF Urban Properties
SFSN SFS Group 2014
SGSN SGS SMI
SFZN Siegfried Holding
SIGN SIG Combibloc Services AG SMI MID2018
SIKA Sika AG SMI
SNBN Schweizerische Nationalbank
SWON SoftwareONE2019
SOON Sonova SMI MID
SPCE Spice Private Equity
SGKN St.Galler Kantonalbank 2001
SRAIL Stadler Rail 2019
STGN Starrag Group
STMN Straumann Group SMI MID
SUN Sulzer AG
UHR Swatch Group SMIbearer share
UHRN Swatch Group registered share
SLHN Swiss Life SMI
SPSN Swiss Prime Site SMI MID2000
SREN Swiss Re SMI
STLN Swiss Steel Group previously Schmolz + Bickenbach
SCMN Swisscom SMI
SQN Swissquote 2000
TECN Tecan
TEMN Temenos Group SMI MID2001
TKBP Thurgauer Kantonalbank 2014
TIBN Titlis Bergbahnen
TOHN Tornos Holding 2001
TXGN TX Group 2000previously Tamedia
UBXN U-blox 2007
UBSG UBS SMI1998
VZUG V-Zug 2020
VLRT Valartis Group
VATN Valiant Holding
VALN Valora
VARN Varia US Properties 2016
VACN VAT group SMI MID2016
VAHN Vaudoise Assurances
VET Vetropack Holding
VIFN Vifor Pharma SMI MID
VILN Villars Holding
ROL Von Roll Holding AG
VONN Vontobel
VPBN VP Bank headquarters outside Switzerland
VZN VZ Holding
WKB Walliser Kantonalbank
WARN Warteck Invest
WIHN WISeKey 2016
YPSN Ypsomed Holding 2004
ZEHN Zehnder Group
ZUBN Züblin Immobilien Holding
ZUGN Zug Estates 2012
ZG Zuger Kantonalbank
ROSE Zur Rose Group 2017
ZURN Zurich Insurance Group SMI
ZWN Zwahlen et Mayr

Classification

SPI components are classified by size, by sector as well as by security category. [6]

By size

There are three size categories of SPI components: large-cap, mid-cap and small-cap. Three SPI subindices reflect these sizes, respectively the SPI Large, the SPI Middle and the SPI Small. Two more subindices cover Large+Middle as well as Middle+Small. [6]

The SPI 20 is another SPI subindex that contains the same companies as in the Swiss Market Index. It mostly overlaps with the SPI Large, but does not fully coincide because of the rules specific to the SMI. [2] For this reason, another subindex, the SPI Extra, includes all SPI companies not in the SPI 20.

By sector

The SPI is divided into sectors on the basis of economic activity. This classification is based on a proprietary sector classification by SIX, which simplifies international performance comparisons significantly. [6]

By security category

SPI Stocks are also grouped by security category: registered shares, bearer share, participation certificates. [6]

Methodology

Paid prices are taken into account in calculating the SPI as a whole. If no paid prices are available, the index is calculated on the basis of bid prices. [5] The index is recalculated and published every three minutes. On 1 June 1987, the SPI was standardised at 1000 points. [1]

Swiss All Share Index

The Swiss All Share Index contains all companies primarily listed at SIX that are headquartered in Switzerland or the Principality of Liechtenstein. It has 232 components. These are all the SPI components, but also equity with less than 20% of free float and investment companies. The additional companies contained in the Swiss All Share Index are listed below, as of November 12, 2019.

CompanyRemarks
Alpine SelectInvestment Index
Baumgartner
Castle AltInvestment Index
Castle PrivateInvestment Index
Datacolor
Dottikon ES
EEII
Energiedienst
ENR Russia Invest
HBMInvestment Index
nebagInvestment Index
New ValueInvestment Index
Panalpina
Roche I
SHL Telemedicine
The NativeInvestment Index

Milestones

The following table shows historic milestones of the Swiss Performance Index Total Return. Latest seen values are not final: italic indicates that the value may be seen again if the bear market (-20% from the peak) persists; parentheses indicate that the value will be seen again if we reenter a bull market (maximum value reached again); Other values may be seen again in case of a crash (assuming a threshold of -50%).

(Closing price)ValueFirst seenLatest seen
Calibration1,000.00June 1, 1987February 21, 1991
Minimum (all times)753.44January 13, 1988January 13, 1988
Milestone2,000.00January 31, 1994October 30, 1995
Milestone3,000.00April 22, 1997April 2, 2003
Milestone4,000.00January 28, 1998March 31, 2009
Milestone5,000.00July 1, 1998November 28, 2011
Milestone6,000.00February 16, 2006November 19, 2012
Milestone7,000.00January 3, 2007June 26, 2013
Milestone8,000.00January 13, 2014February 15, 2016
Milestone9,000.00December 3, 2014January 3, 2017
Milestone10,000.00April 27, 2017March 24, 2020
Milestone11,000.00January 9, 2018March 30, 2020
Milestone12,000.00June 18, 2019May 18, 2020
Milestone13,000.00January 17, 2020September 21, 2020
Maximum (all times)13,561.17February 19, 2020(February 19, 2020)

Notes and references

  1. 1 2 3 "SPI - The Index of Swiss Shares". SIX Swiss Exchange. Retrieved 13 April 2019.
  2. 1 2 3 "Swiss Performance Index (SPI) Family – Factsheet" (PDF). SIX Swiss Exchange. Retrieved 13 April 2019.
  3. "Swiss Indices Endorsed Under the EU Benchmarks Regulation". SIX Swiss Exchange. Retrieved 12 April 2020.
  4. "SPI (Swiss Performance Index): Performance, Chart, Overview". SIX. Retrieved 2025-07-25.
  5. 1 2 3 4 "Methodology Rulebook Governing Equity and Real Estate Indices" (PDF). SIX Swiss Exchange. Retrieved 14 April 2019.
  6. 1 2 3 4 "SPI Sectors". SIX Swiss Exchange. Retrieved 14 April 2019.