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iShares OMX Stockholm Capped UCITS ETFIndex, costs, backtest, listings and taxation

ISIN: IE00BD3RYZ16Ticker: OM3X (Xetra) · OMXS (London SE)Issuer: iShares
Issuer-declared data
Declared index
Nasdaq OMX Stockholm Benchmark Capping Index Net
TER
0.10%
Transaction costs
0.04% (issuer estimate, from the KID)
Management
Passive (index-tracking)
Replication
Physical (from the KID)
Income policy
SFDR
Article 6 — does not promote specific ESG characteristics what does it mean?
Fund assets
193.9 mln EUR
NAV
110.52 SEK (31 August 2026)
Domicile
Ireland
Inception date
14 December 2016
Data as declared by iShares in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description

iShares OMX Stockholm Capped UCITS ETF tracks the issuer-declared index: Nasdaq OMX Stockholm Benchmark Capping Index Net. The declared annual cost (TER) is 0.10%, plus 0.04% in transaction costs estimated by the issuer in the KID. Income is accumulated and reinvested in the fund. The fund has assets of about 194 million euro, was launched on 14 December 2016 and is domiciled in Ireland.

The fund’s objective — in the issuer’s words

The Fund aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the OMX Stockholm Benchmark Cap™, the Fund’s benchmark index (Index). The Fund is passively managed, and aims to invest so far as possible and practicable in the equity securities (e.g. shares) that make up the Index. The benchmark index measures the performance of the largest and most traded equity securities on the Stockholm Stock Exchange, with representation from a majority of supersectors (i.e. major industry groups which include, but are not limited to, financials, industrials, consumer goods and services). The benchmark index is weighted by free-float market capitalisation, and each issuer's weight is capped at 10% maximum. The market value of securities issued by the same body exceeding 5% of the weight of the benchmark index must not combined exceed 40% of the total market value of the benchmark index. Free-float market capitalisation is the share price of a company multiplied by the company’s shares available to international investors (rather than all of the company’s issued shares). The Fund intends to replicate the Index by holding the equity securities, which make up the Index, in similar proportions to it. The Fund may also engage in short-term secured lending of its investments to certain eligible third parties to generate additional income to off-set the costs of the Fund. The investment manager may use financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets) to help achieve the Fund’s investment objective. The use of FDIs is expected to be limited. Recommendation: This Fund is suitable for medium to long term investment, though the Fund may also be suitable for shorter term exposure to the Index.

Keep reading the KID section ▾

Your shares will be accumulating shares (i.e. income will be included in their value). The Fund’s base currency is Swedish Krona. The shares are listed on one or more stock exchanges and may be traded in currencies other than their base currency. The performance of your shares may be affected by this currency difference. In normal circumstances, only authorised participants (e.g. select financial institutions) may deal in shares (or interests in shares) directly with the Fund. Other investors can deal in shares (or interests in shares) daily through an intermediary on stock exchange (s) on which the shares are traded. Indicative net asset value is published on relevant stock exchanges websites.

From the KID’s “Objectives” section · 7 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.10%: below the median of equity ETFs we track (0.22%).
  • Average tracking difference over the last 3 years: +0.88% p.a., against a declared TER of 0.10%.
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed versionFactsheetPDF in English, from the issuer’s site — the fund’s monthly snapshot
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · SEK · from Dec 2016 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+177.9%
Annualised
+11.1%
Volatility (ann.)
17.3%
Max drawdown
-33.18%
-4%+44%+92%+140%+188%Dec 2016May 2019Oct 2021Apr 2024Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+178%Dec 2016Sept 2026
Note — currency risk: the fund is denominated (or hedged) in SEK and the chart is in SEK. For a euro investor, returns also depend on the EUR/SEK exchange rate, up or down.
Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
0%-10%-20%-30%-40%-50%201620182020202220242026−33.18% · 23 Mar 2020
Max drawdown
-33.18%
peak → trough
Trough
23 Mar 2020
from the 19 Feb 2020 peak
Recovery time
196 days
recovery only: trough to break-even · ≈ 6 months
Underwater
229 days
decline + recovery: peak to break-even · ≈ 8 months · → recovered on 05 Oct 2020

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
19 Feb 202023 Mar 2020-33.18%05 Oct 2020229
04 Jan 202229 Sept 2022-30.65%21 Mar 2024807
18 Feb 202509 Apr 2025-21.33%24 Oct 2025248
29 Aug 201827 Dec 2018-16.81%08 Apr 2019222
27 Feb 202620 Mar 2026-11.24%17 Apr 202649

Calendar-year returns

2016
-0.7%
2017
9.9%
2018
-4.7%
2019
31.2%
2020
12.6%
2021
36.6%
2022
-20.4%
2023
18.3%
2024
8.0%
2025
13.5%
2026
14.7%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20263.36.1-8.25.53.01.51.41.90.114.7
20257.61.0-8.2-0.82.30.32.01.30.84.10.52.613.5
2024-1.43.95.00.92.8-1.32.7-0.11.4-3.5-1.0-1.38.0
20237.71.20.32.8-2.22.1-1.2-3.1-1.9-3.78.37.818.3
2022-9.1-7.12.2-3.6-1.2-11.011.7-6.5-6.36.57.5-2.7-20.4
20213.32.78.82.12.10.96.60.3-5.54.50.66.036.6
20200.5-5.9-11.67.94.52.23.43.34.2-5.711.00.212.6
20198.13.80.87.3-8.26.7-0.2-1.43.44.41.12.731.2
20181.7-0.4-1.04.1-0.40.43.73.2-0.5-7.1-1.8-5.9-4.7
20171.23.02.84.01.5-2.1-3.4-0.65.82.5-3.4-1.39.9
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.
Source: iShares. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Tracking difference — fund vs index

How much the fund returned above (+) or below (−) its index, year by year. It measures the actual deviation: the combined effect of costs (TER and transaction), securities-lending revenue and replication optimisations — which is why it can beat the TER. Tracking difference was positive in 9 of the last 9 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
+0.88% /anno
Declared TER
0.10%
YearFundIndexDifference
2025+13.51%+12.57%+0.93%
2024+7.98%+7.02%+0.96%
2023+18.29%+17.53%+0.76%
2022-20.44%-21.03%+0.59%
2021+36.57%+35.47%+1.10%
2020+12.59%+12.22%+0.38%
2019+31.17%+29.99%+1.19%
2018-4.66%-5.73%+1.07%
2017+9.99%+9.00%+0.99%
Total-return figures from issuer-declared series (primary source); complete calendar years. TD is not comparable across sites using different methodologies or index variants. Past performance is not indicative of future results. What is tracking difference? →

Risk indicators· EUR

Last yearLast 3 yearsLast 5 yearsFull history
Volatility (ann.)17.23%17.56%20.37%19.64%
Max drawdown-12.21%-20.34%-35.39%-36.18%
Sharpe1.090.860.220.50
Sortino1.701.260.320.69
Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.21%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.

Portfolio holdings

Securities in portfolio
112
121 total lines: 9 cash & derivatives
Top-10 weight
44.7%

Top 10 holdings

INVESTOR CLASS B · INVE B
7.02%
VOLVO CLASS B · VOLV B
6.39%
ATLAS COPCO CLASS A · ATCO A
5.94%
SANDVIK · SAND
4.60%
SWEDBANK · SWED A
4.22%
ASSA ABLOY B · ASSA B
3.96%
SKANDINAVISKA ENSKILDA BANKEN · SEB A
3.88%
ATLAS COPCO CLASS B · ATCO B
3.05%
ERICSSON B · ERIC B
3.05%
ASTRAZENECA PLC · AZN
2.63%

Sectors

Industrials
42.2%
Financials
24.9%
Information Technology
7.6%
Health Care
6.3%
Consumer Discretionary
4.8%
Materials
4.7%
Real Estate
3.3%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustriaAzerbaijanBurundiBelgiumBeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanada: 0.1%Switzerland: 2.5%ChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermanyDjiboutiDenmarkDominican RepublicAlgeriaEcuadorEgyptEritreaSpainEstoniaEthiopiaFinland: 1.1%FijiFalkland IslandsFranceGabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIrelandIranIraqIcelandIsraelItalyJamaicaJordanJapanKazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlandsNorwayNepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugalParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSweden: 92.8%SwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 0.4%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
Sweden92.8%
United Kingdom2.6%
Switzerland2.5%
Finland1.1%
United States0.4%
European Union0.4%
Canada0.1%
Download the full portfolio — Excel, 121 rows
Full portfolio declared by iShares, as of 31 August 2026: this is the summary. Percentages may not sum to 100 due to cash, derivatives and rounding.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

Italian taxation

Effective rate on capital gains
26.00%
White-list share
0.00%
From the government-bond («white list») share certified by the issuer every semester: 12.5% on that portion, 26% on the rest.
Deep-dive into this fund’s taxation →

Where it shows up commission-free in Italy

According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:

IE00BD3RYZ16OM3X(class: SEK)
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 3 September 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.

Stock exchange listings

ExchangeTickerTrading since
Börse HamburgOM3X18 Apr 2024
Börse HannoverOM3X20 Jan 2026
Xetra (Deutsche Börse)OM3X19 Dec 2016
+ 4 more trading venues (MTFs and professional platforms).
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does iShares OMX Stockholm Capped UCITS ETF track?
The issuer iShares declares the benchmark: Nasdaq OMX Stockholm Benchmark Capping Index Net.
How much does OMXSX cost?
The issuer-declared TER is 0.10% per year; the transaction costs estimated in the KID are 0.04%.
How is OMXSX taxed in Italy?
On sale, the capital gain is taxed at an effective 26.00% rate (white-list share 0.00%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of OMXSX?
The fund size declared by iShares is about 194 million euro.
When was OMXSX launched?
The fund was launched on 14 December 2016: it has 9 years of history.
How does OMXSX replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (declared in the KID objectives).
Does OMXSX pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Accumulating”).
Where does OMXSX trade?
Per the official ESMA register it trades on 3 main exchanges, including Börse Hamburg (OM3X), Börse Hannover (OM3X), Xetra (Deutsche Börse) (OM3X).
What was OMXSX's worst fall?
Over the available history (since 2016), the maximum drawdown was -33.18%, reached in March 2020. Past performance is not indicative of future results.
What is OMXSX's tracking difference?
Over the last 3 complete calendar years the fund returned on average +0.88% per year versus its index (from issuer-declared series).
How many securities does OMXSX hold?
The declared portfolio holds 112 securities (plus 9 cash & derivative lines); the top 10 positions weigh 44.7%.
Transparency note
The data in this sheet is declared by iShares in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.