ASX 50 Companies: Australia's Top Stocks - Latest News, Analysis & Insights

The S&P/ASX 50 (XFL) index comprises Australia's 50 largest-capitalization companies, which are basically the biggest national and multinational ASX-listed companies. The constituents under the index account for approximately 62% (as of September 2023) of Australia’s share market capitalization. The ASX 50 index is basically diversified between 10 GICS sectors. The consumer discretionary sector is the only one not in the loop. Currently, there is one exchange-traded fund (ETF) that normally tracks the performance of the index: SPDR S&P/ASX 50 Fund (SFY).

Fig.: 5-year monthly data simulation
Source: Veye Pty Limited.
The market data reported for S&P/ASX50 is 6748.9 points as of October 2023. The 5-year compounded annual growth rate (CAGR) of the index is 4.03% (yield as of 25 Oct 2023). The absolute return produced in a 1-year period is 1.91% (yield as of 25 Oct 2028). The CAGR return of the index in the last 20 years was 3.71% (yield as of 25 October 2023), and the absolute return produced during these 20 years was 107.38% (yield as of 25 October 2023). The index touched an all-time high in January 2023 of 7312 points. The constituents of the index are reviewed quarter-on-quarter using the previous six months of data. The index forms the basis for the SPDR S&P/ASX 50 exchange-traded fund (ETF).    

     
 Fig.: 5-year monthly data simulation
 Source: Veye Pty Limited.
The $100 investment in S&P/ASX50 five years ago produced a yield of approximately 21.50% today.

Source: Veye Pty Limited

Source: Veye Pty Limited

How are ASX 50 companies selected?

The S&P/ASX 50 Index is a stock market index of Australian stocks listed on the Australian securities exchange by Standard & Poor’s. It is a part of the S&P Global 1200. The top 50 largest market capitalization companies are the constituents of the index. The S&P/ASX 50 Index is calculated by using the S&P Dow Jones Indices market capitalization-weighted and float-adjusted methodologies. All companies under the index are featured in the S&P/ASX 200 as well.

PE Ratio, Dividend Yield, Turnover, and M Cap

Fundamental data for the S&P/ASX 50 Index is weighted average by market capitalization. Mcap values and turnover numbers are in trillions.
Data updated 27 October 2023

Source: Veye Pty Limited

Frequently Asked Questions (F.A.Q)

What is ASX 50?

The S&P/ASX 50 (XFL) index comprises Australia's 50 largest-capitalization companies, which are basically the biggest national and multinational ASX-listed companies.

What is the difference between ASX 50 and ASX 100?

ASX50 comprises the top 50 largest companies as a constituent of the index on the basis of float-adjusted market capitalization and accounts for approximately 62% of Australia’s equity market as of September 2023. The S&P/ASX100 (XTO) represents Australia’s large and mid-cap companies. The index comprises 100 top market-capitalization companies on the basis of float-adjusted. The index accounts for approximately 73% of Australia’s equity market as of September 2023.

What is the exchange traded fund (ETF) under S&P/ASX50?

PDR S&P/ASX 50 Fund (ASX: SFY) is an exchange traded managed fund that tracks the S&P/ASX 50 ads represented under the index. The responsible entity of the fund is the ’State Street Global Advisors’.. The 5-year compounded annual growth rate of the fund is approximately 2.83%.

Does ASX 50 pay dividends?

The ASX50 annual dividend yield percentage was 6.39, updated on 27 October 2023.