DAX
Global X DAX Germany ETF
Global X DAX Germany ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to provide investment results that will closely correspond to the DAX? Index using a quarterly rebalance frequency and weighting the securities by market cap. The underlying index holds 30 German blue chip stocks that are traded on the Frankfurt Stock Exchange.
International
EQUITY
Passive
MANAGEMENT STYLE
$ 253.7 M
ASSETS UNDER MGMT
21 bp
EXPENSES
Fund Basics
| Inception date | Oct 22, 2014 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| SIEMENS AG-REG | 9.6 % |
| SAP AG | 9.3 % |
| ALLIANZ SE-REG | 8.5 % |
| SIEMENS ENERGY AG | 7.1 % |
| DEUTSCHE TELEKOM AG | 7.1 % |
| AIRBUS GROUP SE | 6.0 % |
| MUENCHENER RUECKVER AG-REG | 4.4 % |
| RHEINMETALL AG | 4.1 % |
| INFINEON TECHNOLOGIES AG | 3.1 % |
| DEUTSCHE BANK AG-REGISTERED | 3.0 % |
Constituent Breakdown
| Number of holdings | 40 |
| Herfindahl-Hirschman Index | 532 |
| Wgt avg mkt cap (mns) | $123,500 |
| Large cap (>$10bn) | 98.0% |
| Mid cap ($2-10bn) | 1.8% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.7% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
GERMANY | 93.2 % |
 |
NETHERLANDS | 6.5 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 3.7% | 24.5% | 21.4% | 19.0% | 9.0% | 7.9% | -- | 5.7% |
| Dividend Yield | 0.0% | 1.9% | 2.3% | 2.6% | 2.6% | 2.6% | -- | 2.3% |
| Total Returns | 3.7% | 26.4% | 23.8% | 21.5% | 11.6% | 10.5% | -- | 8.0% | Ann. Volatility | 13.4% | 19.5% | 17.6% | 16.9% | 19.8% | 21.2% | -- | 21.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.72 | 51% |
| MSCI EAFE | 1.06 | 80% |
| MSCI Emg Mkts | 0.76 | 50% |
Liquidity Measures
| Avg. volume (000) | 64 |
| ADV traded (mns) | $3 |
| Turnover | 1.1% |
| Avg. Bid/Ask (% of price) | 0.35% |
Technical Indicators
| 30d moving avg. (EMA) | $43.55 |
| Relative strength (RSI) | 36 |
| MACD/Signal | -1.26/-1.12 |
| Bollinger Bands (Upper/Lower) | $45.53/$40.21 |
| Short interest (% of AUM) | 0.8% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. DAX |
Expenses vs. DAX |
ALTAR Score™ vs. DAX |
|---|---|---|---|---|
| EWG | iShares MSCI Germany ETF | 90.5% | +29 bp | -0.2% |
| FLGR | Franklin FTSE Germany ETF | 87.6% | -12 bp | +0.3% |
| JIVE | JPMorgan International Value ETF | 29.9% | +34 bp | +2.5% |
| FEZ | SPDR EURO STOXX 50 ETF | 28.5% | +8 bp | 0.0% |
| FGM | First Trust Germany AlphaDEX Fund | 26.8% | +59 bp | -0.3% |
| DBEZ | Xtrackers MSCI Eurozone Hedged Equity ETF | 24.6% | +24 bp | -0.3% |
| EZU | iShares MSCI Eurozone ETF | 24.4% | +31 bp | -0.2% |
| HEDJ | WisdomTree Europe Hedged Equity Fund | 21.0% | +37 bp | -0.2% |
| INEQ | Columbia International Equity Income ETF | 18.4% | +24 bp | +1.5% |
| DTAN | Sparkline International Intangible Value ETF | 15.1% | +34 bp | +0.8% |
Risk and Returns: DAX vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/3/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
7.0%
ALTAR SCORE™
63rd
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 344 funds in the International Equity category with an average
ALTAR Score™ of 6.5% and a standard deviation
of 1.6%. DAX's ALTAR Score™ is approximately 0.3 standard
deviations above the category average. This places DAX in the 63rd percentile
among funds in the category.
Sell-Side Consensus
$53.26
PRICE TARGET
+25.6%
UPSIDE