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

303.6 M

ASSETS UNDER MGMT

21 bp

EXPENSES
Fund Basics
Fund sponsorGlobal X Management Co LLC
CategoryInternational
Asset classEquity
Websitelink...
Inception dateOct 22, 2014
Assets (mns)$304
Expense ratio21 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
SAP AG 13.2 %
SIEMENS AG-REG 10.7 %
ALLIANZ SE-REG 8.4 %
DEUTSCHE TELEKOM AG 6.7 %
EADS NV 6.3 %
RHEINMETALL AG 4.6 %
MUENCHENER RUECKVER AG-REG 4.3 %
SIEMENS ENERGY AG 3.7 %
DEUTSCHE BANK AG-REGISTERED 3.5 %
DEUTSCHE BOERSE AG 2.8 %
Constituent Breakdown
Number of holdings40
Herfindahl-Hirschman Index 574
Wgt avg mkt cap (mns)$119,064
Large cap (>$10bn)91.5%
Mid cap ($2-10bn)7.7%
Small cap (<$2bn)0.0%
Developed mkts.99.4%
Emerging mkts.0.0%
Country Exposure
GERMANY 93.1 %
NETHERLANDS 6.9 %
Historical Performance


Standardized Performance (as of 08/31/2025)
 YTD1 YR2 YR3 YR5 YR10 YR20 YRIncep.
Price Returns 33.8% 31.4% 24.0% 25.8% 8.8% 6.0% -- 5.4%
Dividend Yield 0.0% 0.0% 0.2% 1.3% 2.0% 2.2% -- 2.1%
Total Returns 33.8% 31.4% 24.2% 27.0% 10.8% 8.2% -- 7.4%
Ann. Volatility 22.8% 20.9% 18.0% 19.5% 20.8% 21.6% -- 21.6%
Market Correlations
versus...BetaR-squared
S&P 5000.9653%
MSCI EAFE1.0369%
MSCI Emg Mkts0.8551%
Liquidity Measures
Avg. volume (000)61
ADV traded (mns)$3
Turnover0.9%
Avg. Bid/Ask (% of price)0.34%
Technical Indicators
Recent close$44.26
30d moving avg.$44.58
Annualized volatility20.1%
Relative strength (RSI)49
Short interest1.1%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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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
  2020 2021 2022 2023 2024 2025 2026  
Sales per share -- -- -- -- -- -- --
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Return on Equity
Net Margins

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Valuation Metrics
  Fwd Est 2024 2025 2026
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 9/13/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™

DAX

6.8%

Cat. Avg

7.0%


ALTAR Score™ Calculation

Category Overview
There are 264 funds in the International Equity category, with an average ALTAR Score™ of 7.0% and a standard deviation of 1.8%. DAX's ALTAR Score™ is approximately 0.1 standard deviations below the category average. This places DAX in the 47th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

DAX
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Passive
International Equity ETFs
# of ETFs 77
Avg. Expense Ratio 38.8 bp
Std. Deviation 21.2 bp
(21 bp) Percentile rank 19
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
DAX 21.0 0.0 21
Peer Avg. 43.2 16.4 59.6
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .