Skip to Content
ETFs

Global X Funds Global X DAX Germany ETF

DAX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 22 2014
Expense Ratio
0.21%
Type
Global Ex. US Equities
Fund Owner
Global X
Volume (1m avg. daily)
$193,100
AUM
$52,329,912
Associated Index
DAX Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes

Top 10 Holdings

SAP
Sap SE
9.68%
SIE
Siemens AG - Registered Shares
8.72%
ALV
Allianz SE - Registered Shares
8.11%
AIR
Airbus SE
6.41%
DTE
Deutsche Telekom AG - Registered Shares
6.28%
MBG
Mercedes-Benz Group AG
4.67%
MUV2
Muenchener Rueckversicherungs-Gesellschaft AG - Registered Shares
4.50%
BAYN
Bayer AG - Registered Shares
4.13%
IFX
Infineon Technologies AG
3.61%
BAS
Basf SE
3.39%
Invest with DAX

What is DAX?

The Global X DAX Germany ETF (DAX) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the DAX Index. The Global X DAX Germany ETF (DAX) is the only U.S. listed ETF that seeks to track the premiere German DAX Index, comprised of the 30 largest and most liquid companies admitted to the FWB Frankfurt Stock Exchange.

ETFs related toDAX

ETFs correlated to DAX include EWG, EZU, FEZ

DAX
Global X Funds - Global X DAX Germany ETF
EWG
BlackRock Institutional Trust Company N.A. - iShares MSCI Germany ETF
EZU
BlackRock Institutional Trust Company N.A. - iShares MSCI EMU ETF
FEZ
SSgA Active Trust - SPDR EURO Stoxx 50 ETF
SPEU
SSgA Active Trust - SPDR Portfolio Europe ETF
VGK
Vanguard Group, Inc. - Vanguard FTSE Europe ETF
IEUR
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Europe ETF
BBEU
J.P.Morgan Investment Management Inc. - JPMorgan BetaBuilders Europe ETF
IEV
BlackRock Institutional Trust Company N.A. - iShares Europe ETF
EWQ
BlackRock Institutional Trust Company N.A. - iShares MSCI France ETF
EFA
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toDAX

#DB

Diversification at its Best

Category

Tactical Asset Allocation, Be Risk Aware, Diversification

Risk Rating

Moderate

#PTI

Pick the Trending Index

Category

Momentum, Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

Create your own algorithmic trading strategy with DAX using Composer

FAQ

DAX is a Global Ex. US Equities ETF. The Global X DAX Germany ETF (DAX) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the DAX Index. The Global X DAX Germany ETF (DAX) is the only U.S. listed ETF that seeks to track the premiere German DAX Index, comprised of the 30 largest and most liquid companies admitted to the FWB Frankfurt Stock Exchange.

DAX tracks the DAX Index.

No, DAX is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, DAX is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on DAX is -0.0308%. This is the percent change in the value of DAX over the most recent 1-month period. The 3-month return on DAX is -0.0571%. This is the percent change in the value of DAX over the most recent 3-month period.

The standard deviation of DAX for the past year is 0.2112%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to DAX include EWZ, EWW, and EWT.

ETFs correlated to DAX include EWG, EZU, and FEZ.

ETFs that are inversely correlated to DAX include EPV, EFZ, and SH.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.