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Global X DAX Germany ETF (DAX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US37954Y4917

CUSIP

37954Y491

Issuer

Global X

Inception Date

Oct 22, 2014

Region

Developed Europe (Germany)

Leveraged

1x

Index Tracked

DAX Index

Asset Class

Equity

Asset Class Size

Large-Cap

Asset Class Style

Blend

Expense Ratio

DAX has an expense ratio of 0.20%, which is considered low.


Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart


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S&P 500

Returns By Period

Global X DAX Germany ETF (DAX) returned 31.58% year-to-date (YTD) and 33.53% over the past 12 months. Over the past 10 years, DAX returned 6.89% annually, underperforming the S&P 500 benchmark at 10.64%.


DAX

YTD

31.58%

1M

10.34%

6M

34.81%

1Y

33.53%

3Y*

21.09%

5Y*

16.67%

10Y*

6.89%

^GSPC (Benchmark)

YTD

-0.67%

1M

10.48%

6M

-1.79%

1Y

10.08%

3Y*

13.71%

5Y*

14.60%

10Y*

10.64%

*Annualized

Monthly Returns

The table below presents the monthly returns of DAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20258.95%4.63%2.95%6.16%5.61%31.58%
2024-1.78%5.87%4.12%-4.74%5.15%-3.12%2.53%4.21%3.48%-3.90%0.33%-1.30%10.55%
202311.52%-1.68%4.56%3.20%-4.95%5.12%2.70%-4.70%-6.21%-3.16%12.77%4.32%23.62%
2022-3.11%-8.44%-2.00%-6.65%4.61%-13.31%3.32%-6.55%-9.06%11.38%15.46%-1.90%-18.47%
2021-2.35%2.35%5.75%3.10%3.85%-2.19%-0.40%1.30%-5.57%2.78%-5.84%5.55%7.73%
2020-3.57%-7.93%-17.45%10.37%8.34%7.14%3.93%7.97%-3.90%-9.45%16.56%5.07%12.27%
20196.27%-0.40%1.56%6.84%0.24%0.01%-4.64%-0.20%1.55%6.79%1.28%1.46%22.11%
20185.00%-7.87%-1.05%1.45%-3.16%-2.22%4.21%-4.91%0.14%-9.44%-1.01%-5.78%-22.92%
20173.43%0.50%4.75%2.74%4.42%-0.39%1.19%0.46%5.43%2.52%-0.24%0.54%28.23%
2016-8.24%-3.07%9.76%1.57%-1.51%-5.23%6.56%2.29%0.08%-1.16%-3.76%6.91%2.69%
20151.29%5.74%0.71%-1.13%-1.83%-2.37%1.02%-7.01%-6.46%10.20%1.05%-3.63%-3.63%
20141.98%6.14%-4.27%3.62%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 92, DAX is among the top 8% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of DAX is 9292
Overall Rank
The Sharpe Ratio Rank of DAX is 9393
Sharpe Ratio Rank
The Sortino Ratio Rank of DAX is 9292
Sortino Ratio Rank
The Omega Ratio Rank of DAX is 9191
Omega Ratio Rank
The Calmar Ratio Rank of DAX is 9393
Calmar Ratio Rank
The Martin Ratio Rank of DAX is 9292
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Global X DAX Germany ETF (DAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Global X DAX Germany ETF Sharpe ratios as of May 23, 2025 (values are recalculated daily):

  • 1-Year: 1.64
  • 5-Year: 0.79
  • 10-Year: 0.32
  • All Time: 0.36

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Global X DAX Germany ETF compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


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Dividends

Dividend History

Global X DAX Germany ETF provided a 1.70% dividend yield over the last twelve months, with an annual payout of $0.75 per share.


1.50%2.00%2.50%3.00%$0.00$0.20$0.40$0.60$0.802015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM2024202320222021202020192018201720162015
Dividend$0.75$0.75$0.76$0.72$0.86$0.69$0.69$0.79$0.55$0.45$0.35

Dividend yield

1.70%2.24%2.48%2.80%2.65%2.25%2.47%3.33%1.73%1.78%1.41%

Monthly Dividends

The table displays the monthly dividend distributions for Global X DAX Germany ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.00$0.00$0.00$0.00$0.00
2024$0.00$0.00$0.00$0.00$0.00$0.66$0.00$0.00$0.00$0.00$0.00$0.09$0.75
2023$0.00$0.00$0.00$0.00$0.00$0.65$0.00$0.00$0.00$0.00$0.00$0.11$0.76
2022$0.00$0.00$0.00$0.00$0.00$0.61$0.00$0.00$0.00$0.00$0.00$0.11$0.72
2021$0.00$0.00$0.00$0.00$0.00$0.52$0.00$0.00$0.00$0.00$0.00$0.33$0.86
2020$0.00$0.00$0.00$0.00$0.00$0.29$0.00$0.00$0.00$0.00$0.00$0.40$0.69
2019$0.00$0.00$0.00$0.00$0.00$0.69$0.00$0.00$0.00$0.00$0.00$0.00$0.69
2018$0.00$0.00$0.00$0.00$0.00$0.35$0.00$0.00$0.00$0.00$0.00$0.44$0.79
2017$0.00$0.00$0.00$0.00$0.00$0.55$0.00$0.00$0.00$0.00$0.00$0.00$0.55
2016$0.00$0.00$0.00$0.00$0.00$0.13$0.00$0.00$0.00$0.00$0.00$0.32$0.45
2015$0.27$0.00$0.00$0.00$0.00$0.00$0.08$0.35

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 Global X DAX Germany ETF. 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 Global X DAX Germany ETF was 45.58%, occurring on Mar 18, 2020. Recovery took 197 trading sessions.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-45.58%Jan 25, 2018533Mar 18, 2020197Dec 28, 2020730
-39.96%Jun 8, 2021330Sep 27, 2022362Mar 7, 2024692
-24.77%Apr 7, 2015215Feb 11, 2016291Apr 24, 2017506
-16.03%Mar 19, 202515Apr 8, 202514Apr 29, 202529
-9.1%Dec 2, 201421Jan 5, 201516Feb 3, 201537

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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