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Performance
^GDAXI Performance Chart
DAX Performance Index (^GDAXI) is up 2.7% since the beginning of the year. ^GDAXI is currently trading at €25,140 per share. Investors who bought €1,000 worth of ^GDAXI shares 5 years ago would now be looking at an investment worth €1,613.
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Returns By Period
DAX Performance Index (^GDAXI) has returned 2.65% so far this year and 8.04% over the past 12 months. Over the last ten years, ^GDAXI has returned 10.15% per year, falling short of the S&P 500 Index benchmark, which averaged 13.45% annually.
DAX Performance Index
- 1D
- 0.00%
- 1M
- 1.01%
- YTD
- 2.65%
- 6M
- 3.29%
- 1Y
- 8.04%
- 3Y*
- 16.67%
- 5Y*
- 10.03%
- 10Y*
- 10.15%
Benchmark (S&P 500 Index)
- 1D
- -0.99%
- 1M
- 0.52%
- YTD
- 11.12%
- 6M
- 10.53%
- 1Y
- 24.44%
- 3Y*
- 17.50%
- 5Y*
- 12.61%
- 10Y*
- 13.45%
^GDAXI Monthly Returns History
Based on dividend-adjusted daily data since Dec 30, 1987, ^GDAXI's average daily return is +0.04%, while the average monthly return is +0.86%. At this rate, an investment would double in approximately 6.7 years.
Historically, 59% of months were positive and 41% were negative. The best month was Apr 2003 with a return of +21.4%, while the worst month was Sep 2002 at -25.4%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 5 months.
On a daily basis, ^GDAXI closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +11.4%, while the worst single day was Oct 16, 1989 at -13.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.20% | 3.04% | -10.30% | 7.11% | 3.34% | 0.14% | 2.65% | ||||||
| 2025 | 9.16% | 3.77% | -1.72% | 1.50% | 6.67% | -0.37% | 0.65% | -0.68% | -0.09% | 0.32% | -0.51% | 2.74% | 23.01% |
| 2024 | 0.91% | 4.58% | 4.61% | -3.03% | 3.16% | -1.42% | 1.50% | 2.15% | 2.21% | -1.28% | 2.88% | 1.44% | 18.85% |
| 2023 | 8.65% | 1.57% | 1.72% | 1.88% | -1.62% | 3.09% | 1.85% | -3.04% | -3.51% | -3.75% | 9.49% | 3.31% | 20.31% |
| 2022 | -2.60% | -6.53% | -0.32% | -2.20% | 2.06% | -11.15% | 5.48% | -4.81% | -5.61% | 9.41% | 8.63% | -3.29% | -12.35% |
| 2021 | -2.08% | 2.63% | 8.86% | 0.85% | 1.88% | 0.71% | 0.09% | 1.87% | -3.63% | 2.81% | -3.75% | 5.20% | 15.79% |
Benchmark Metrics
DAX Performance Index has an annualized alpha of 2.06%, beta of 0.56, and R2 of 0.27 versus S&P 500 Index. Calculated based on daily prices since December 30, 1987.
- This index participated in 93.68% of S&P 500 Index downside but only 79.35% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.56 may look defensive, but with R2 of 0.27 this index is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this index's risk.
- R2 of 0.27 means this index moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.06%
- Beta
- 0.56
- R²
- 0.27
- Upside Capture
- 79.35%
- Downside Capture
- 93.68%
Return for Risk
Risk / Return Rank
^GDAXI ranks 26 for risk / return — below 26% of indices on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for DAX Performance Index (^GDAXI) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ^GDAXI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.36 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.65 | 3.24 | -2.59 |
| Martin ratioReturn relative to average drawdown | 2.06 | 12.01 | -9.95 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the DAX Performance Index. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the DAX Performance Index was 72.68%, occurring on Mar 12, 2003. Recovery took 1090 trading sessions.
The current DAX Performance Index drawdown is 1.11%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2003 bear market2003 | -72.68%Mar 2003 | 3y 4d | 4y 3mo | 7y 3moMar 2000 - Jun 2007 |
Financial crisis2007–2009 | -54.77%Mar 2009 | 1y 7mo | 4y 1mo | 5y 9moJul 2007 - May 2013 |
COVID crash2020 | -38.78%Mar 2020 | 27d | 9mo 15d | 10mo 12dFeb 2020 - Dec 2020 |
1998 bear market1998 | -37.57%Oct 1998 | 2mo 19d | 1y 2mo | 1y 4moJul 1998 - Dec 1999 |
1991 bear market1991 | -33.03%Jan 1991 | 9mo 18d | 2y 8mo | 3y 6moApr 1990 - Oct 1993 |
Drawdown Indicators
| ^GDAXI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.68% | -51.62% | -21.06% |
Max Drawdown (1Y)Largest decline over 1 year | -12.27% | -7.57% | -4.70% |
Max Drawdown (3Y)Largest decline over 3 years | -16.01% | -23.99% | +7.98% |
Max Drawdown (5Y)Largest decline over 5 years | -26.40% | -23.99% | -2.41% |
Max Drawdown (10Y)Largest decline over 10 years | -38.78% | -33.42% | -5.36% |
Current DrawdownCurrent decline from peak | -1.11% | -1.04% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -15.51% | -9.08% | -6.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.89% | 2.04% | +1.85% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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