Swiss Performance Index

Swiss Performance Index
Foundation1 June 1987 (publication 22 August)
OperatorSIX Swiss Exchange
ExchangesSIX Swiss Exchange
Trading symbolSXGE
Constituents202 (as of July 19, 2026)[1]
TypeAll-caps, total return index
Market capCHF 1,879 billion (full, June 2026)[2]
Weighting methodMarket-value-weighted
Related indicesSMI, SPI 20, SPI Extra
Websitesix-group.com
ISINCH0009987501
Reuters.SSHI
BloombergSPI:IND
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.

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 202 SPI shares as of July 19, 2026. It is based on publicly available information and may be inaccurate, in particular for companies with low free float. 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
ABBNABBSMI
ACLNAccelleronSMI MID2022
ADENAdeccoSMI MID
ADVNAdval Tech Holding
ADXNAddex Pharmaceuticals
AEROMontana Aerospace2021
AEVSAevis Victoriapreviously Aevis Holding
ALCAlconSMI2019
ALLNAllreal Holding2000
ALSNALSO Holding
AMRZAmrizeSMI2025[6]
AMSams AGheadquarters outside Switzerland
APGNAPG SGA AG
ARBNArboniapreviously AFG Arbonia-Forster-Holding
ARYNAryzta2008
ASCNAscom
ASWNASmallWorld2018
AUTNAutoneum2011
AVOLAvoltaSMI MID2005Was previously Dufry
BAERJulius BärSMI MID2009
BANBBachem Holding
BARNBarry CallebautSMI MID
BBNBellevue Group
BCGEBanque Cantonale de Genève
BCHNBurckhardt Compression2006
BCJBanque Cantonale du Jura
BCVNBanque Cantonale Vaudoise
BEANBelimo HoldingSMI MID
BELLBell Food Group
BEKNBerner Kantonalbank2000
BIONBB Biotech
BIOVBioversys2025[7]
BKWBKW Energie2003
BLKBBasellandschaftliche Kantonalbank
BMAGBajaj Mobility2016previously KTM Industries, Pierer Mobility
BOSNBossard Holding
BRKNBurkhalter Holding2008
BSKPBasler Kantonalbank
BSLNBasilea Pharmaceutica2004
BUCNBucher Industries
BVZNBVZ Holding2007
BYSBystronic AGpreviously Conzzeta
CALNCalida
CFRCompagnie Financière RichemontSMI
CFTCompagnie financière Tradition
CHAMCham Swiss Properties2025[8]merged from Ina Invest
CICNCicor Technologies
CLNClariantSMI MID
CLTNColtene Holding
CMBNCembra Money Bank2013
CNTLCentiel2026[9]
COPNCosmo Pharmaceuticals2007headquarters outside Switzerland
COTNComet Holding2002
CPHNCPH Chemie + Papier2001
CURNCuratis2024reverse merger with Kinarus
DAEDätwyler Holding
DESNDottikon ES
DKSHDKSH2012
DOCMDocMorris2023previously Zur Rose Group
DOKADormakaba
DSFIRDSM-Firmenich2023merger between Dutch Royal DSM and Firmenich
EFGNEFG International2005
ELMNElma Electroniclow free float (still in SPI?)
EMMNEmmi2004
EMSNEms-ChemieSMI MID
EPICEpic2022
ESUNEdisun Power2008
EVEEvonext2009previously Evolva
FHZNFlughafen Zürich AGSMI MID
FORNForbo Holding
FRENFundamenta Real Estate AG2018
FTONFeintool International Holding
GALDGaldermaSMI MID2024
GALEGalenicaSMI MID2017
GAMGAM
GAVCarlo Gavazzi Holding
GEBNGeberitSMI
GFGeorg FischerSMI MID
GIVNGivaudanSMI2000
GLKBNGlarner Kantonalbank2014
GMIGroupe Minoteries SA
GRKPGraubündner Kantonalbank
GURNGurit Holding
HBANHelvetia BâloiseSMI MID2025[10]Merged from Bâloise and Helvetia
HBLNHypothekarbank Lenzburg
HIAGHIAG Immobilien2014
HLEEHighlight Event and Entertainment
HOLNHolcimSMI
HUBNHuber + Suhner
IDIAIdorsia2017
IFCNINFICON2001
IMPNImplenia
INFRACInfracore2026[11]
INRNInterroll
IRENInvestis
ISNIntershop Holding
JFNJungfraubahn
KARNKardex Group
KLINKlingelnberg2018
KNINKühne + NagelSMI
KOMNKomax Holding
KUDKudelski
KURNKuros Biosciences
LANDLandis+Gyr2017
LECNLeclanché
LEHNLem Holding
LEONLeonteq
LISNLindt & SprüngliSMI MIDregistered share
LISPLindt & SprüngliSMI MIDparticipation certificate
LLBNLiechtensteinische Landesbankheadquarters outside Switzerland
LMNlastminute.comheadquarters outside Switzerland
LOGNLogitechSMI
LONNLonza GroupSMI
LUKNLuzerner Kantonalbank
MCHNMCH Group2001
MEDMedartis2018
MEDXmedmix2021spin off from Sulzer
METNMetall Zug
MIKNMikron Holding
MMTXMindmaze Therapeutics2025[12]combination with Relief Therapeutics
MOBNMobimo Holding2005
MOLNMolecular Partners2014
MOVEMedacta Group2019
MOZNMobilezone2001
MTGMeier Tobler
NESNNestléSMI
NOVNNovartisSMI
NRENNovavest Real Estate2019
NWRNNewron Pharmaceuticals2006headquarters outside Switzerland
OERLOC Oerlikon
OFNOrell Füssli
ORONOrior2010
PEANPeach Property2010
PEDUPerrot Duval Holding
PEHNPrivate Equity Holding
PGHNPartners GroupSMI2006
PLANPlazza2015
PMNPhoenix Mecano
PPGNPolypeptide2021
PSPNPSP Swiss PropertySMI MID2000
REHNRomande Énergie
RIENRieter
RORoche ISMI MID
ROPRoche PSSMI
RSGNR&S Group2023first successful SPAC in Switzerland, 2023
SANNSanthera Pharmaceuticals Holding2006
SCHNSchindler HoldingSMI MIDregistered share
SCHPSchindler HoldingSMI MIDparticipation certificate
SCMNSwisscomSMI
SDZSandoz2023spin off from Novartis
SENSSensirion Holding2018
SFPNSF Urban Properties
SFSNSFS Group2014
SFZNSiegfried Holding AG
SGKNSt.Galler Kantonalbank2001
SGSNSGSSMI MID
SHLTNSHL Telemedicine
SIGNSIG Combibloc Services AGSMI MID2018
SIKASika AGSMI
SKANSkan2021previously BV Holding on the BX exchange
SLHNSwiss LifeSMI
SMGSwiss Marketplace Group2025[13]
SNBNSchweizerische Nationalbank
SOONSonovaSMI MID
SPSNSwiss Prime SiteSMI MID2000
SQNSwissquote2000
SRAILStadler Rail2019
SRENSwiss ReSMI
STGNStarragTornosmerger between Starrag and Tornos in 2023
STMNStraumann GroupSMI MID
STRNSchlatter Holding
SUNSulzer AG
SUNNSunrise2024spin off from Liberty Global, second time it is listed
SWONSoftwareONE2019
SWTQSchweiter Technologies
TECNTecan
TEMNTemenos GroupSMI MID2001
TIBNTitlis Bergbahnen
TKBPThurgauer Kantonalbank2014
TXGNTX Group2000previously Tamedia
UBSGUBSSMI1998
UHRSwatch GroupSMI MIDbearer share
UHRNSwatch Groupregistered share
VACNVAT GroupSMI MID2016
VAHNVaudoise Assurances
VARNVaria US Properties2016
VATNValiant Holding
VBSNIVF Hartmann Holding
VETNVetropack Holding
VILNVillars Holding
VLRTValartis Groupstill in the SPI?
VONNVontobel
VPBNVP Bankheadquarters outside Switzerland
VZNVZ Holding
VZUGV-Zug2020
WARNWarteck Invest
WIHNWISeKey2016
WKBWalliser Kantonalbank
XLSXlife Sciences2022[14]
YPSNYpsomed Holding2004
ZEHNZehnder Group
ZUBNZüblin Immobilien Holding
ZUGERZuger Kantonalbank
ZUGNZug Estates2012
ZURNZurich Insurance GroupSMI

Classification

SPI components are classified by size, by sector as well as by security category.[15]

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.[15]

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.[15]

By security category

SPI Stocks are also grouped by security category: registered shares, bearer share, participation certificates.[15]

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]

Investing

The SPI index is tracked by several Exchange Traded Funds, such as the iShares Core SPI ETF or the UBS ETF (CH) SPI. In addition, various providers are offering structured investment products using the SPI index as underlying.[16][17]

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
EEII
Energiedienst
ENR Russia Invest
HBMInvestment Index
nebagInvestment Index
New ValueInvestment Index
Panalpina
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) Value First seen Latest seen
Calibration 1,000.00 June 1, 1987 February 21, 1991
Minimum (all times) 753.44 January 13, 1988 January 13, 1988
Milestone 2,000.00 January 31, 1994 October 30, 1995
Milestone 3,000.00 April 22, 1997 April 2, 2003
Milestone 4,000.00 January 28, 1998 March 31, 2009
Milestone 5,000.00 July 1, 1998 November 28, 2011
Milestone 6,000.00 February 16, 2006 November 19, 2012
Milestone 7,000.00 January 3, 2007 June 26, 2013
Milestone 8,000.00 January 13, 2014 February 15, 2016
Milestone 9,000.00 December 3, 2014 January 3, 2017
Milestone 10,000.00 April 27, 2017 March 24, 2020
Milestone 11,000.00 January 9, 2018 March 30, 2020
Milestone 12,000.00 June 18, 2019 May 18, 2020
Milestone 13,000.00 January 17, 2020 September 21, 2020
Maximum (all times) 13,561.17 February 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. ↑ "Cement maker Holcim completes $30 billion North American spin-off". Reuters.
  7. ↑ "BioVersys is now publicly listed on the SIX Swiss Exchange". Swiss Biotech.
  8. ↑ "Ina Invest und Cham Group fusionieren zu Cham Swiss Properties". Finanz und Wirtschaft.
  9. ↑ "Centiel ist nun an der SIX kotiert". Zürcher Handelskammer.
  10. ↑ "Baloise and Helvetia merge to create new Swiss insurance giant". Swissinfo.
  11. ↑ "Infracore fait ses premiers pas à la Bourse suisse". VZ. Retrieved 18 July 2026.
  12. ↑ "Relief Therapeutics is preparing a reverse merger with NeuroX, the successor to MindMaze". Bioalps.
  13. ↑ "Swiss Marketplace Group jumps 7% on stock market debut". Reuters.
  14. ↑ "Xlife Sciences ist ab 11. Februar an der SIX kotiert". Zürcher Handelskammer.
  15. 1 2 3 4 "SPI Sectors". SIX Swiss Exchange. Retrieved 14 April 2019.
  16. ↑ "Exchange Traded Funds (ETFs) | UBS Schweiz". Asset Management (in German). Retrieved 2025-08-21.
  17. ↑ "iShares Core SPI® ETF (CH) | CHSPI". BlackRock. Retrieved 2025-08-21.
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