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DAX

DAX Germany ETF

 

Reasons to Consider DAX

Growth Potential

Companies in the DAX Index rely heavily on export markets and could see potential near-term tailwinds from a resilient U.S. economy and euro weakness.

Targeted Exposure

The ETF provides targeted exposure to Germany, the largest economy in Europe by GDP.

Efficient Access

DAX delivers efficient access to 40 of the largest and most liquid publicly traded companies in Germany, spanning a range of economic sectors.

Key Information As of 04/02/25

Inception Date 10/22/14
Total Expense Ratio 0.20%
Net Assets $203.98 million
NAV $39.38
Fact Sheet View the document

ETF Summary

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 40 largest and most liquid companies admitted to the FWB Frankfurt Stock Exchange.

ETF Objective

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.

Trading Details As of 04/02/25

Ticker DAX
Bloomberg Index Ticker DAXNRUS
CUSIP 37954Y491
ISIN US37954Y4917
Primary Exchange Nasdaq
Shares Outstanding 5,180,000
Number of Holdings 41
30-Day Median Bid-Ask Spread 0.18%

Distributions As of 04/02/25

30-Day SEC Yield 2.15%
Distribution Frequency Semi-Annually

ETF Prices As of 04/02/25

NAV $39.38 Daily Change -$0.09 -0.23%
Market Price $39.38 Daily Change -$0.03 -0.08%

Performance History

As of recent month & quarter-end (03/31/25)
As of recent month & quarter-end (03/31/25)
Fund NAV Market Price Index
1 Year 19.08% 19.81% --
3 Years 13.46% 14.59% --
5 Years 16.27% 16.62% --
10 Years 5.67% 5.78% --
Since Inception 6.65% 6.74% --
1 Year 19.08% 19.81% --
3 Years 13.46% 14.59% --
5 Years 16.27% 16.62% --
10 Years 5.67% 5.78% --
Since Inception 6.65% 6.74% --
Year-to-Date 16.00% 17.35% --
1 Month 2.05% 2.95% --
3 Months 16.00% 17.35% --
Since Inception 95.96% 97.61% --
Year-to-Date 16.00% 17.35% 0.00%
1 Month 2.05% 2.95% 0.00%
3 Months 16.00% 17.35% 0.00%
Since Inception 95.96% 97.61% --

The Fund was re-organized effective December 24, 2018. Returns presented above reflect the performance of the predecessor Fund through December 21, 2018.

Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Top Holdings As of 04/02/25

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
15.79 SAP GR SAP SE 4846288 270.43 119,449 32,303,140.67
9.94 SIE GR SIEMENS AG-REG 5727973 233.14 87,197 20,329,337.16
8.49 ALV GR ALLIANZ SE-REG 5231485 387.90 44,782 17,371,007.37
7.53 DTE GR DEUTSCHE TELEKOM AG-REG 5842359 36.92 417,264 15,406,573.20
5.89 AIR GR AIRBUS SE 4012346 176.63 68,224 12,050,726.62
4.85 MUV2 GR MUENCHENER RUE-R 5294121 639.88 15,508 9,923,261.28
3.54 RHM GR RHEINMETALL AG 5334588 1,408.08 5,137 7,233,326.10
3.21 DB1 GR DEUTSCHE BOERSE AG 7021963 300.40 21,826 6,556,496.18
2.68 DBK GR DEUTSCHE BANK-RG 5750355 24.29 225,872 5,486,734.48
2.53 BAS GR BASF SE 5086577 50.09 103,471 5,182,480.47
2.46 IFX GR INFINEON TECHNOLOGIES AG 5889505 33.22 151,405 5,029,793.40
2.45 ADS GR ADIDAS AG 4031976 239.93 20,860 5,004,896.27
2.40 DHL GR DHL GROUP 4617859 42.58 115,499 4,917,839.11
2.39 MBG GR MERCEDES-BENZ GROUP AG 5529027 58.59 83,470 4,890,703.50
2.36 ENR GR SIEMENS ENERGY AG BMTVQK9 61.25 78,817 4,827,713.45
1.93 EOAN GR E.ON SE 4942904 15.17 260,288 3,949,066.67
1.45 CBK GR COMMERZBANK AG B90LKT4 24.57 120,715 2,965,748.34
1.40 RWE GR RWE AG 4768962 36.65 78,399 2,873,435.57
1.35 BMW GR BMW AG 5756029 80.06 34,577 2,768,081.97
1.34 HEI GR HEIDELBERG MATERIALS AG 5120679 178.91 15,284 2,734,530.29
1.30 BAYN GR BAYER AG-REG 5069211 23.26 113,904 2,649,404.74
1.24 DTG GR DAIMLER TRUCK HOLDING AG BP6VLQ4 40.29 63,170 2,545,014.93
1.19 VOW3 GR Volkswagen AG 5497168 102.22 23,899 2,443,063.09
1.07 MTX GR MTU AERO ENGINES AG B09DHL9 351.42 6,238 2,192,181.82
1.07 VNA GR VONOVIA SE BBJPFY1 26.89 81,308 2,186,491.47
1.03 HNR1 GR HANNOVER RUECK SE 4511809 303.00 6,948 2,105,271.68
1.00 MRK GR MERCK KGAA 4741844 136.90 14,982 2,051,036.47
1.00 FRE GR FRESENIUS SE & CO KGAA 4352097 42.88 47,681 2,044,706.39
0.94 SHL GR SIEMENS HEALTHINEERS AG BD594Y4 54.39 35,284 1,919,128.44
0.74 SY1 GR SYMRISE AG B1JB4K8 104.33 14,565 1,519,575.84
0.73 HEN3 GR HENKEL AG & CO KGAA 5076705 79.19 18,888 1,495,685.34
0.70 BEI GR BEIERSDORF AG 5107401 130.66 10,920 1,426,780.73
0.59 FME GR FRESENIUS MEDICAL CARE AG 5129074 49.47 24,297 1,202,043.50
0.49 QIA GR QIAGEN N.V. BNXJZX2 40.07 25,231 1,011,036.91
0.49 ZAL GR ZALANDO SE BQV0SV7 36.28 27,507 998,017.54
0.45 BNR GR BRENNTAG SE B4YVF56 64.34 14,233 915,686.05
0.43 CON GR CONTINENTAL AG 4598589 70.59 12,511 883,135.80
0.34 SRT3 GR SRT3 5843329 233.63 2,930 684,539.31
0.33 PAH3 GR PAH3 7101069 37.44 17,734 664,031.07
0.31 P911 GR Dr Ing hc F Porsche AG BJN59B8 50.34 12,778 643,262.87
0.30 DFWM5 Index DAX MINI FUTURE JUN25 122,602.08 5 613,010.39
0.26 OTHER PAYABLE & RECEIVABLES 1.00 530,177 530,177.02
0.03 CASH 1.00 58,410 58,410.36
0.00 EURO 1.09 5,271 5,722.26
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 03/31/25

Sector Weight (%)
Financials 21.7
Industrials 20.7
Information Technology 18.3
Materials 11.1
Consumer Discretionary 9.0
Communication Services 7.6
Health Care 5.7
Utilities 3.3
Consumer Staples 1.4
Real Estate 1.1
Other 0.1

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Capital Goods 18.6
Software & Services 16.1
Insurance 14.6
Materials 11.3
Telecommunication Services 7.8
Automobiles & Components 4.6
Banks 4.2
Utilities 3.4
Financial Services 3.2
Health Care Equipment & Services 2.9
Pharmaceuticals, Biotechnology & Life Sciences 2.9
Other 10.4

Source: new windowAltaVista Research, LLC

All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

ETF Characteristics As of 04/02/25

Return on Equity 11.90%
Weighted Avg. Market Cap 127,007 M
2024 2025
Price-to-earnings 17.66 15.82
Price-to-book value 1.96 1.82

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 03/31/25

Versus Beta
S&P 500 1.01
NASDAQ-100 0.67
MSCI EAFE 1.26
MSCI Emg. Mkts 1.00
Standard Deviation 22.60%

Source: new windowAltaVista Research, LLC

ETF Research

Why Germany? Why DAX?

Read the Full ArticleRead More

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ETF Documents

Investing involves risk, including the possible loss of principal. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Securities focusing on a single country may be subject to higher volatility. DAX is non-diversified.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Beginning October 15, 2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share. Prior to October 15, 2020, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time. The returns shown do not represent the returns you would receive if you traded shares at other times. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Deutsche Börse AG, nor does Deutsche Börse AG make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with Deutsche Börse AG.